Trading ideas: SunCon, Unisem, Perdana Petroleum, Supermax, Kumpulan Powernet, Avillion

  • SunCon
  • Monday, 01 Jul 2019

KUALA LUMPUR: SUNWAY CONSTRUCTION GROUP BHD (SunCon), UNISEM (M) BHD, Perdana Petroleum Bhd, Supermax Corp Bhd, Kumpulan Powernet Bhd and AVILLION BHD are among the stocks to watch on Monday, according to JF Apex Research. 

SunCon has secured three projects worth a total of RM496.8mil. The group said its projects secured year-to-date totalled RM1.54bil, exceeding its target of RM1.5bil for 2019.

Unisem is closing its facility in Batam, Indonesia, that has been bleeding since 2011.

Perdana Petroleum has bagged two work awards by Petronas Carigali Sdn Bhd for the provision of accommodation work barge vessel.

Supermax is acquiring a Japanese coloured contact lens company for RM3.85mil as it seeks to gain strategic access to the lucrative cosmetic lens market in Japan.

Serba Dinamik’s founder and group CEO Datuk Dr Mohd Abdul Karim Abdullah has been appointed as executive deputy chairman of Kumpulan Powernet.

Avillion has proposed a private placement exercise to raise funds at an issue price of 15.5 sen/share for the repayment of bank borrowings, refurbishment and maintenance of hotels and resort as well as for a property development project.

Meanwhile, US markets surged on Friday ahead of a key meeting between the presidents of the US and China at the G20 summit during the weekend. 

Similarly, European stocks advanced following optimism on the US-China Trade talk. 

“Following the positive performance in the US and Europe, the FBM KLCI is expected to climb towards the resistance of 1,690 points,” JF Apex said. 

SunCon , Unisem , Perdana Petroleum


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