Trading ideas: Willowglen, Poh Huat, KNM, MAA, Marine & General

  • Analyst Reports
  • Monday, 23 Sep 2019

KUALA LUMPUR: Willowglen MSC Bhd, Poh Huat Resources Holdings Bhd, KNM Group Bhd, MAA Group Bhd and MARINE & GENERAL BHD are among the stocks to watch on Monday, according to JF Apex Research.

Willowglen MSC has been awarded a contract worth RM13.76mil to provide maintenance for an Integrated Security and Operation Surveillance System to SP PowerAssets Ltd, a Singapore company.

Poh Huat saw its third quarter net profit rise 22.5% year-on-year, thanks to an increase in shipment of furniture from both its Malaysia and Vietnam operations as the US-China trade war resulted in orders moving from China to Southeast Asia.

KNM has secured a US$5.35mil (RM22.363mil) contract to supply shell and tube heat exchangers to an oil refinery run by Thai Oil Public Co Ltd in Thailand's Sri Racha district within the province of Chonburi.

MAA has proposed to buy a 90% equity interest in Scholastic IB International Sdn Bhd (SIB) for RM27mil in cash.

Marine & General posted a net loss of RM8.43mil in its first quarter ended July 31,2019, due to low charter rates resulting from the continuing market oversupply of offshore support vessels (OSVs).

Meanwhile, US markets declined on Friday after renewed uncertainty on the US-China trade talks as Chinese officials cut short their stay in the US.

Earlier, European stocks ended slightly higher on optimism over the US-China trade negotiations.

“Following the lackluster performances in the US and Europe, the FBM KLCI could remain

pressured with support at 1,590 points, ” JF Apex said.

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Willowglen , KNM , MAA


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