KUALA LUMPUR: JF Apex Research expects Censof Holdings Bhd, CAHYA MATA SARAWAK BHD (CMS), ATURMAJU RESOURCES BHD, HIBISCUS PETROLEUM BHD and Dagang Nexchange Bhd (DNeX) to be among the stocks to watch on Tuesday.
Censof said its contract to maintain the Social Security Organisation’s (Socso) accounting system has been renewed. The RM4.53mil contract will be valid for three years.
CMS’s unit PPES Works (Sarawak) Sdn Bhd (PPESW) is partnering with China Communications Construction Company Ltd (CCCC) to bid for jobs under the Sarawak Coastal Road Network project as well as the Second Trunk Road project in the State.
Aturmaju plans to jointly develop an intelligence modern lifestyle project in Kuala Selangor with Perkasa Selalu Sdn Bhd.
Hibiscus Petroleum said its jointly-controlled operating company, Anasuria Operating Company Ltd (AOC), is on track to execute the Guillemot A GUA-P1 side-track well, which is targeted to unlock approximately 1.7 million barrels of oil from its current net proven and probable (2P) oil reserves.
DNeX's 30%-owned associate, Ping Petroleum Ltd, has signed a rig contract with Stena Spey Services Ltd to drill two wells in the North Sea this year.
Meanwhile, US markets tumbled overnight after investors believe recent gains have factored in the completion of the US-China trade deal.
Earlier, European stocks advanced following news that the US-China trade negotiation is being
“Following the decline in Wall Street, the FBM KLCI could extend its losses towards the support of 1,680 points,” JF Apex said.