Trading ideas: Maybulk, Tan Chong, SunCon, APM, UEM Edgenta, GDex


KUALA LUMPUR: MALAYSIAN BULK CARRIERS BHD (Maybulk), TAN CHONG MOTOR HOLDINGS BHD, SUNWAY CONSTRUCTION GROUP BHD (SunCon), APM AUTOMOTIVE HOLDINGS BHD, UEM EDGENTA BHD and GD EXPRESS CARRIER BHD (GDex) are among the stocks to watch, according to JF Apex.


The research house also expects Karex Bhd, MEDIA CHINESE INTERNATIONAL LTD, Econpile Holdings Bhd, Boustead Plantations and Unisem to see trading interest following their latest financial results.


JF Apex said Maybulk, Tan Chong, SunCon, APM, UEM Edgenta, GDex saw their net earnings improved year-on-year.


On the other hand, Karex, Media Chinese, Econpile, Boustead Plantations, Lay Hong, Unisem, Globetronics, Wah Seong, Deleum, Yong Tai saw their quarterly results decline year-on-year.


It noted that YFG has won a RM9.7mil mechanical and electrical works subcontract for the extension of a ferrosilicon and manganese alloy smelting plant in Bintulu, Sarawak.


Meanwhile, US markets jumped overnight after US President Donald Trump cited substantial progress in the US-China trade talks.


The Dow Jones Industrial Average jumped as much as 209.61 points before closing 60.14 points higher, at 26,091.95 while the S&P 500 gained 0.1% to 2,796.11.


Earlier, European stocks advanced due to optimism in the trade negotiations between the US and China.


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



   

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