Trading ideas: Sapura Energy, LKL, Cypark, FGV, MMC


KUALA LUMPUR: Sapura Energy Bhd , LKL International Bhd, Cypark Resources Bhd , FGV Holdings Bhd and MMC Corp Bhd are among the stocks to watch, according to JF Apex Research.


Sapura Energy won five engineering, construction and drilling contracts worth RM1.3bil.


LKL’s unit Medik Gen Sdn Bhd (MGen) has won two distribution agreements from Taiwan-based Qisda Corporation’s BenQ Asia Pacific Corp (BenQ), and BenQ’s unit Lily Medical Corp to distribute medical display devices, disposable medical devices and related spare parts and software.


Cypark Resources bagged an RM4.71mil contract to undertake upgrading works of mechanical system (chiller system), electric generator and medical gas for the KPJ Pasir Gudang Specialist Hospital in Johor.


FGV’s 65%-owned Pakistan unit with Westbury Group, FWQ Enterprise (Private) Ltd inked an MoU with MMC owned Johor Port Bhd to submit a bid for the development of a clean bulk cargo terminal in Karachi Port, Pakistan.


Meanwhile, US stocks rose on Friday after a slew of positive corporate news that included strong bank earnings and Disney unveiling a new streaming service.


Similarly, European stocks closed slightly higher as economic data, early first-quarter results and Brexit relief calmed fears over the region’s economy.


“We expect the benchmark index to trend higher underpinned by the positive performance of overseas markets,” JF Apex said.


Analyst Reports , Sapura Energy , Cypark , FGV