Trading ideas: AirAsia, TSR Capital, MCE Holdings


  • Analyst Reports
  • Wednesday, 26 Dec 2018

KUALA LUMPUR: AirAsia Group Bhd, TSR Capital Bhd and MCE Holdings Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.


AirAsia is selling 25 aircraft to US-based global private investment firm Castlelake LP for US$768mil (RM3.2bil)


TSR Capital Bhd has secured a RM79.8mil road project at the Kwasa Damansara township development in Sungai Buloh.


MCE Holdings terminated two MOUs of a framework for the consultation and exchange of information and technology.


Meanwhile, US markets plunged on Monday after reports that US President Donald Trump is considering removing Federal Reserve chairman Jerome Powell.


Similarly, European stocks declined due to fears of a global economic slowdown.


“Despite the bearish performance in global markets, the FBM KLCI could extend its gains towards the resistance of 1,710 points due to window dressing,” JF Apex said.


The research house said the selldown in the past few months breached the support of 1,660 points.


“After the recent window dressing, the index climbed out of the downtrend channel.


“Further gains could take the index towards the resistance of 1,710 points,” it said.


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AirAsia , TSR

   

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