Trading ideas: Bina Puri, Gadang, CCM, Velesto, IWC, Ekovest


  • Business
  • Tuesday, 23 Apr 2019

KUALA LUMPUR: BINA PURI HOLDINGS BHD, Gadang Holdings Bhd, Chemical Company of Malaysia Bhd (CCM), Velesto Energy Bhd, Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd are among the stocks to watch on Tuesday, according to JF Apex Research.


The research house noted that Bina Puri had won an arbitration case against the Pakistan National Highway Authority in a dispute relating to the termination of an RM864mil highway concession agreement.


Gadang clarified that it has not submitted any official tender for the East Coast Rail Link (ECRL) project at this moment.


Chemical Company of Malaysia has accepted a Letter of  Award from Petronas to supply up to 351,000 tonnes of caustic soda to the latter’s subsidiary for an estimated RM351.9mil.


Velesto Energy has bagged four contracts from Petronas Carigali Sdn Bhd with an estimated combined value of US$104.68mil (about RM433.07mil).


Iskandar Waterfront City and Ekovest,  both have denied that they are involved in the reinstatement of the project, revival of Bandar Malaysia.


Meanwhile, US markets ended flat last night amid ongoing corporate results season and higher oil prices.


Earlier, European stocks traded higher despite weaker manufacturing data from France and Germany.


“Following the mixed performance in the US and Europe, the FBM KLCI could hover sideways above its support of 1,615 points,” JF Apex said,



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Bina Puri , CCM , Gadang

   

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