Trading ideas: Genting Malaysia, Perak Transit, MNC Wireless, Supermax


  • Analyst Reports
  • Thursday, 19 Sep 2019

KUALA LUMPUR: Genting Malaysia Bhd, Perak Transit Bhd, MNC Wireless Bhd and Supermax Corp Bhd are among the stocks to watch on Thursday, according to JF Apex Research.

The research house noted that Genting Malaysia appears to be still in the running to establish a casino in the former Hellenikon International Airport site near Athens.

Casino.org reported that Genting Malaysia is believed to be still interested in the 30-year gaming licence, which grants the winning operator a near-monopoly status in the Athens area.

Perak Transit plans to raise up to RM500mil by establishing a sukuk murabahah programme to refinance the group’s bank borrowings, capital expenditure and working capital requirements.

MNC Wireless has teamed up with New Zealand-based production house Monfils Pictures Ltd to diversify its digital technology and mobile solutions businesses to include film production.;

Supermax has announced a share dividend on the basis of one treasury unit for every 65 existing shares in the glove manufacture.

The glovemaker said the proposed final dividend for financial year ended June 30,2019 requires shareholders' approval at the company's annual general meeting.

Meanwhile, US markets ended flat after the Federal Reserve did not provide hint of further interest rate cuts for this year despite slashing 25 basis points yesterday.

Earlier, European stocks closed slightly higher ahead of the Fed's decision.


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Genting Malaysia , MNC Wireless , Supermax

   

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