Trading ideas: Seacera, UEM Edgenta, KNM, Diversified Gateway

  • Business
  • Friday, 05 Jul 2019

KUALA LUMPUR: Seacera Group Bhd, UEM EDGENTA BHD, KNM Group Bhd and Diversified Gateway Solutions Bhd (DGSB) are among the stocks to watch on Friday, according to JF Apex Research. 

Seacera was served with a winding up statutory notice for RM15.5mil. The group was served the notice by Messrs A.S. Gill, Thong & Agnes on behalf of Suong Sdn Bhd demanding payment for outstanding rental, goods and services tax and agreed liquidated damages over breaches to its tenancy agreement dated Aug 4, 2016 for its factory in Selayang, Selangor.

UEM Edgenta has secured a RM540mil hospital support services contract from Singapore's Ministry of Health.

KNM secured an air cooler heat exchangers contract worth RM36.14mil from Technip Italy SpA.

DGSB declared a special dividend of 0.8 sen per share after selling its entire stake in ISS Consulting (Thailand) Ltd for RM32mil cash.

European stocks ended mixed overnight after weaker-than-expected US economic data. US markets were closed for Independence Day holiday.

JF Apex said the FBM KLCI could take a breather and consolidate below its resistance of 1,730 points after the recent gains.

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Seacera , UEM Edgenta , KNM


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