Trading ideas: Alam Maritim, Coastal Contracts, SunCon, Yinson

KUALA LUMPUR: Alam Maritim Resources Bhd , Coastal Contracts Bhd , Sunway Construction Group Bhd (SunCon) and Yinson Holdings Bhd are among the stocks to watch today, according to JF Apex Research.

Alam Maritim has secured a RM240mil contract for the procurement, construction and installation of a pipeline system.

Coastal Contracts’ units have bagged three charter contracts worth RM28mil in total.

SunCon’s indirect unit Sunway Builders (Myanmar) Co Ltd (SBM) is entering into a Memorandum of Understanding (MoU) with local firm Capital Construction Limited (CCL) to develop major infrastructure and construction projects in Myanmar.

Yinson’s unit has acquired Singapore-based liftboats operator Ezion Holdings Ltd (EHL) by striking a deal with EHL’s lenders.

Overnight, US markets rallied following positive manufacturing data from the US and China.

Earlier, European stocks advanced after manufacturing data from the world's two biggest economies eased concerns of a global economic slowdown.

“Following the bullish performance in the US and Europe, the FBM KLCI could stage a rebound from its support of 1,625 points,” JF Apex said.

Analyst Reports , Yinson , SunCon , Alam Maritim