Trading ideas: MISC, Malakoff, Petra Energy, Dayang, Tune Protect

KUALA LUMPUR: MISC Bhd, Malakoff Corp Bhd, Petra Energy Bhd, Dayang Enterprise Holdings Bhd and Tune Protect Bhd are among the stocks to watch, according to JF Apex Research.

The research house also expects Axiata Group Bhd, Eastern & Oriental Bhd (E&O), Daibochi Bhd, Elsoft Research Bhd to see trading interest following their latest corporate news.

JF Apex said MISC, Malakoff, Petra Energy, Dayang, Tune Protect, SLP Resources reported improved year-on-year net earnings.

On the other hand, Axiata, E&O, Daibochi, Elsoft saw their quarterly results decline year-on-year.

The external auditor of London Biscuits has expressed a qualified opinion on the group’s financial statements for FY18 after not being satisfied with the group’s physical inventories, which are stated in the statements of financial position of the group and the company at RM26.89mil and RM20.79mil respectively.

Putrajaya announced that it has begun talks with Gamuda to negotiate the acquisition of four highway concessions that the company has a majority stake in, with the aim of abolishing toll collection at these highways.

The four highways involved in Putrajaya's talks with Gamuda are: Lebuhraya Damansara Puchong (LDP), Sistem Penyuraian Trafik KL Barat (SPRINT), Lebuhraya Shah Alam (KESAS) and SMART Tunnel.

Meanwhile, US markets rose on Friday following optimism from the fresh round of US-China trade talks.

Earlier, European shares advanced as leaders of the US and China meet.

“Following the bullish performance in the US and Europe, the FBM KLCI could climb towards its resistance of 1,740 points,” JF Apex said.

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Gamuda , London Biscuits , Axiata


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