KUALA LUMPUR: JF Apex Research expects Yinson Holdings Bhd , GHL Systems Bhd , GDB Holdings Bhd, SCGM Bhd and Gamuda Bhd to be among the stocks to watch on Thursday.
Yinson’s 4QFY19 net profit rose 6% year-on-year on the back of higher revenue.
GHL has won a RM25.03mil project to develop and implement the hardware and software applications for the Government's RON95 petrol subsidy programme.
GDB has bagged an RM135mil contract from TRC Synergy Bhd ’s unit for a mixed development in Ara Damansara.
SCGM's wholly-owned subsidiary Lee Soon Seng Plastic Industries Sdn Bhd has inked a Memorandum of Agreement (MoA) with Indonesian distributor PT Harapan Infiniti Mulia to exclusively manufacture degradable packaging for the Indonesian market.
Gamuda’s 2QFY19 net profit fell 23% year-on-year, as it ceased recognition of its share of profits from Syarikat Pengeluar Air Sungai Selangor (Splash), which it sold at the end of last year.
Meanwhile, US stocks slipped as 10-year Treasury yield hit lowest level since 2017 with lingering concerns on possible economic slowdown.
Meanwhile, European stocks were muted as investors took a cautious stance amid fears of a potential US recession.
“We expect the benchmark index to remain under pressure with its support at 1,625 points under prevailing cautious market sentiment,” JF Apex said.