Trading ideas: Seacera, Daya Materials, AT Systematization, PNE PCB, Tenaga

KUALA LUMPUR: JF Apex Research expects Seacera Group Bhd, Daya Materials Bhd, AT Systematization Bhd, PNE PCB Bhd and Tenaga Nasional Bhd to be among the stocks to watch on Monday. 

Seacera has defaulted on another loan, this time to the tune of RM31.82mil owed to Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank).

Daya Materials has defaulted on additional payments to AmBank (M) Bhd totalling RM835,483.31, bringing its total debt to the bank to RM1.11mil.

AT Systematization has signed an agreement to manufacture and supply high quality machined components to subsidiaries of Swiss company Rieter Machine Works Ltd.

PNE PCB has proposed a bonus issue of up to 75.61 million warrants on the basis of 1 warrant for every existing two shares.

Tenaga Nasional continues to be under the spotlight, on news that the government is studying a proposal to liberalise the country's electricity retail sector.

Meanwhile, US markets declined from record high levels after stronger employment data reduces odds of an interest rate cut. 

Similarly, European equities were bearish after improved US jobs data dampens hopes of a rate cut by the Federal Reserve.

“Following the negative performance in Wall Street, the FBM KLCI could extend its pullback towards the support of 1,650 points,” JF Apex said. 

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Seacera , TNB , Daya Materials


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