Trading ideas: Yinson, Carlsberg, Dialog, Gas Malaysia, Sunway Reit

KUALA LUMPUR: Yinson Holdings Bhd , Carlsberg Brewery Malaysia Bhd , Dialog Group Bhd , Gas Malaysia Bhd and Sunway Real Estate Investment Trust (REIT) are among the stocks to watch on Friday, according to JF Apex Research.

Yinson said its wholly-owned subsidiary has secured a contract worth US$578mil (RM2.357bil) from JX Nippon Oil & Gas Exploration (Malaysia) Ltd.

Carlsberg’s fourth quarter net profit rose 34.9% to RM67.45mil from RM50mil a year ago.

Dialog Group Bhd’s second quarter net profit rose 18.15% to RM136.7mil, from RM115.7mil a year earlier.

Gas Malaysia’s net profit in the fourth quarter ended Dec 31, 2018 (4QFY18) fell 16.7% on-year to RM51.08mil from RM61.35mil the year before, on lower gas contribution margin due to the Gas Cost Pass Through (GCPT) adjustment set for the July-December 2018 period.

Sunway REITposted net property income of RM104.23mil for its second quarter ended Dec 31, 2018 (2QFY19) from RM103.37mil a year ago.

Overnight, US markets ended a 4-day winning streak after its worst monthly retail sales data since September 2009.

The 30-stock Dow pulled back 103.88 points to 25,439.39 while the S&P 500 dipped 0.27% to 2,745.72.

Earlier, European stocks declined after weaker-than-expected US retail sales.

“Following the bearish performance in the US, the FBM KLCI is expected to be negative today with support at 1,650 points.” JF Apex said.

Analyst Reports , Yinson , Dialog , Carlsberg