Trading ideas: Genting, Willowglen, MMC, AWC


KUALA LUMPUR: JF Apex Research expects Genting Bhd , Willowglen MSC Bhd , MMC Corp Bhd and  AWC Bhd to be among the stocks to watch on Thursday following their latest corporate news.


The research house also expects Padiberas Nasional Bhd (Bernas), Puspakom, Pharmaniaga Bhd and MyEG Services Bhd to see trading interest.


Genting Bhd’s indirect wholly-owned subsidiaries Resorts World Las Vegas LLC and RWLV Capital Inc had on Tuesday priced their US$1bil (about RM4.0815bil) 4.625% senior notes to finance the construction of the Resorts World Las Vegas casino and integrated resort.


Willowglen MSC has been awarded a contract worth RM9.76mil by Tenaga Nasional Bhd for the supply of a Remote Terminal Unit and Field Terminal Unit for TNB’s Distribution Network.


MMC, via its indirect wholly-owned JP Logistics Sdn Bhd, is seeking arbitration to get, among others, a payment of RM52.08mil, together with costs and interests, from a client for on-shore services rendered that have yet to be paid for.


AWC has bagged a RM29.87mil contract to provide hydraulic services.


Pharmaniaga, MyEG, DRB-Hicom ’s subsidiary Puspakom, and Bernas have been identified as monopolies and are currently being reviewed by the government, according to Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.


Meanwhile, US market rose overnight following optimism that the US-China trade deal will be wrapped up soon.


Earlier, European stocks climbed after progress in US-China trade talks.


“Following the positive performances in the US and Europe, the FBM KLCI could extend its rebound towards the resistance of 1,655 points,” JF Apex said.


Analyst Reports , Genting , MMC , AWC