Trading ideas: MMC, Teo Seng Capital, Handal, MRCB-Quill Reit, Willowglen, Jaks, Scomi

  • MMC
  • Friday, 10 May 2019

KUALA LUMPUR: MMC Corp Bhd, TEO SENG CAPITAL BHD, Handal Resources Bhd, MRCB-QUILL REIT, Willowglen MSC Bhd, JAKS Resources Bhd and SCOMI GROUP BHD are among the stocks to watch on Friday, according to JF Apex Research.

MMC submitted a proposal to revise the Mass Rapid Transit 3 (MRT3), or Circle Line, to the Government at the end of last year which provides an alternative for reducing the original project cost of RM45bil.

Teo Seng Capital’s 1QFY19 net profit more than tripled to RM22.09mil from RM6.61mil a year earlier, as poultry farming revenue rose primarily on stable selling prices of eggs and improved production efficiency.

Handal Resources has clinched a contract for the provision of maintenance, repair and manpower services for 19 cranes located offshore peninsular Malaysia from Repsol Oil & Gas Malaysia Ltd.

MRCB-Quill REIT’s 1QFY19 net property income slipped 6.2% year-on-year, on the back of a near 6% dip in revenue.

Willowglen MSC has secured a contract worth RM9.21mil from Singapore's SP PowerAssets Ltd for a 6.6kV Remote Terminal Unit Maintenance.

Jaks Resources announced a 60.4% year-on-year jump in its 1QFY19 net profit, mainly on higher contribution from its Vietnam engineering, procurement and construction (EPC) works.

MALAYAN BANKING BHD has put Scomi Rail Bhd, an indirect wholly-owned unit of public-listed Scomi Group, under receivership.

Meanwhile, US markets pared some of the losses after President Trump said it's possible to strike a trade deal this week as China's vice premier visits the US.

Earlier, European stocks closed lower following trade tensions as new tariffs imposed by the US were set to kick in last night.

“Following the potential trade deal, the FBM KLCI could trade sideways with support at 1,615 points,” JF Apex Research said.

MMC , Willowglen , Jaks , Teo Seng


Across The Star Online