Trading ideas: KESM, Prinsiptek, PUC, AirAsia, MAHB

KUALA LUMPUR: JF Apex Research expects KESM Industries Bhd, Prinsiptek Corp Bhd, PUC Bhd, AirAsia Group Bhd, AirAsia X Bhd (AAX) and Malaysia Airports Holdings Bhd (MAHB) are among the stocks to watch on Friday.

KESM reported a drop in net profit for the sixth consecutive quarter as 4QFY19 net profit slumped 79.75% year-on-year no thanks to the long-running US-China trade war.

Prinsiptek has teamed up with QSE Construction Sdn Bhd to develop the Langat 2 water treatment plant and water reticulation system worth RM24.9mil in Selangor and Kuala Lumpur.

PUC has inked a Memorandum of Understanding with Smuzcity Bhd (SCB), for a digital lifestyle platform known as Presto (formerly 11street Malaysia) to market and sell SCB's JDX-branded products.

AirAsia and AirAsia X have collectively paid RM41.55mil to MAHB in uncollected passenger service charges (PSC) pursuant to a court Garnishee Show Cause Order dated Aug 23 this year.

Overnight, US markets ended mixed amid developments in the US-China trade talks and the recent interest rate cut.

Earlier, European stocks climbed after the Bank of England kept interest rate unchanged.

“After the mixed performances in the US and Europe, the FBM KLCI could remain sideways above the support of 1,590 points, ” JF Apex said.

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KESM , PUC , Prinsiptek


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