Trading ideas: Guan Chong, Serba Dinamik, BLand, IHH, MAHB


KUALA LUMPUR: JF Apex Research expects Guan Chong Bhd, Serba Dinamik Holdings Bhd, Berjaya Land, IHH Healthcare Bhd and Malaysia Airports Holdings Bhd (MAHB) to be among the stocks to watch on Tuesday.

Guan Chong has set aside up to €60 million (RM278mil) to build a new cocoa bean processing plant in Africa over the next 18 months.

Serba Dinamik has proposed three corporate exercises comprising a 2-for-3 share split to further improve trading liquidity, and a 2-for-5 bonus issue and a 2-for-5 free warrants to reward existing shareholders.

Berjaya Land is making a foray into building smart affordable homes here with a gross development value (GDV) of US$624mil.

JF Apex noted that IHH, MAHB, Supermax, MBSB, Datasonic posted better year-on-year quarterly results.

On the other hand, Tenaga Nsional Masteel, LBS, Titijaya, Ahmad Zaki, Zecon, Wah Seong, Prestariang saw their corporate earnings decline year-on-year.

Overnight, US markets ended flat amid US-China trade talks, improved consumer sentiment and fears of recession.

Earlier, European stocks advanced after encouraging manufacturing data in China and Europe as well as developments in Brexit.

“Following the mixed performance in the US and Europe, the FBM KLCI could hover sideways below the resistance of 1,630 points, ” JF Apex said.

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Guan Chong , Serba Dinamik , Berjaya Land

   

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