Trading ideas: Berjaya Land, Mesiniaga, Scientex, Red Sena and Prestar Resources

  • Analyst Reports
  • Monday, 31 Dec 2018

KUALA LUMPUR: Berjaya Land, Mesiniaga, Scientex, Red Sena and Prestar Resources are among stocks that may see some price movement on Monday, said JF Apex research.

Berjaya Land plans to divest its entire stake in TPC Nghi Tam Village Ltd (TPC Village), which operates the five-star Intercontinental Hanoi West Lake Hotel, for 1,244.59bil Vietnamese dong or RM222.18mil.

Mesiniaga has bagged a four-month contract worth RM27.4mil from Xiddig Cellular Communications Sdn Bhd for works related to the latter's Malaysia International Internet Gateway (EG-IIM) project.

Scientex's 1QFY19 net profit fell 25.9% y-o-y, on lower revenue from the group's property business.

Red Sena, a food and beverage special purpose acquisition company (SPAC), will be suspended from Jan 16 next year, to pave the way for the group’s extraordinary general meeting on the proposed voluntary wind-up and liquidation processes.

Prestar Resources is acquiring a 8,093 square metres freehold land in Rawang, together with a three-storey building and a single-storey warehouse built upon it, for RM14.5mil to expand its pallet racking business.

Meanwhile, Wall Street's performance last Friday was slightly negative amid continued volatility. However, European markets closed higher as tech, bank and oil recorded big gains.
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