Trading ideas: Cahya Mata, Bermaz Auto, Destini, Lafarge

KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMS), Bermaz Auto Bhd (BAuto), Dayang Enterprise Holdings Bhd and Lafarge Malaysia Bhd are among the stocks to watch on Thursday, according to JF Apex Research.

Cahya Mata’s indirect joint venture entity has been awarded the contract to construct a bridge crossing with a connecting road in Bintulu, Sarawak for RM466.68mil.

BAuto posted a record high net profit of RM81.01mil for the third quarter ended

Jan 31, 2019 (3QFY19)

Destini bagged a contract for the provision of tubular handling, conductor installation and slot recovery equipment and services from Sarawak Shell Bhd.

Lafarge Malaysia chief financial officer (CFO) Yeoh Khoon Cheng has been redesignated its chief executive officer (CEO).

Meanwhile, US markets rose overnight led by technology counters amid higher construction spending and weaker producer price index.

Earlier, European stocks advanced after the UK rejected its Brexit deal.

“Following the bullish performance in the US and Europe, the FBM KLCI could follow suit and climb towards its resistance of 1,710 points,” JF Apex said.

Analyst Reports , CMS , Destini , Bermaz Auto