Trading ideas: Scomi Group, Revenue Group, AirAsia, KNM, Carimin

  • Business
  • Friday, 19 Jul 2019

KUALA LUMPUR: SCOMI GROUP BHD, Revenue Group Bhd, AIRASIA Group Bhd, KNM Group Bhd and Carimin Petroleum Bhd are among the stocks to watch on Friday, according to JF Apex Research. 

Tan Sri Wan Azmi Wan Hamzah and Gelombang Global Sdn Bhd (GGSB), a private vehicle of former Renong Bhd managing director Datuk Mohd Zakhir Siddiqy, have committed to invest RM42mil collectively in ailing Scomi Group.

Revenue Group is collaborating with HONG LEONG BANK BHD to offer payment acceptance and services to Singapore's NETS cardholders to shop in retail outlets under GCH Retail (Malaysia) Sdn Bhd and Guardian Health And Beauty Sdn Bhd.

AirAsia will have to pay at least RM40.6mil to Malaysia Airports (Sepang) Sdn Bhd, a subsidiary of MAHB, over unpaid passenger service charges (PSC) from July to December last year.

KNM has bagged a US$4.25mil (RM17.48mil) contract to supply shop-assembled large drums for the Petrochemical Complex in southern Vietnam.

Carimin Petroleum has been awarded a contract by SEA Hibiscus Sdn Bhd for the provision of mechanical and piping maintenance services for the Labuan Crude Oil Terminal.

Meanwhile, US markets rose overnight following comments from the Federal Reserve fueled hopes of monetary easing.

Earlier, European stocks declined amid quarterly results announcements and ongoing trade uncertainties.

“Following the mixed performance in the US and Europe, the FBM KLCI could remain lackluster and trend sideways above the support of 1,625 points,” JF Apex said. 

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 7
Cxense type: free
User access status: 3

KNM , Scomi Group , Carimin


What do you think of this article?

It is insightful
Not in my interest

Across The Star Online