Trading ideas: REDtone, myNews, VSolar, DNeX, Marine & General, Censof

  • Analyst Reports
  • Thursday, 03 Oct 2019

KUALA LUMPUR: JF Apex Research expects REDTONE INTERNATIONAL BHD, MyNEWS Holdings Bhd, Vsolar Group Bhd, Dagang Nexchange Bhd (DNeX), MARINE & GENERAL BHD (M&G) and Censof Holdings Bhd to be among the stocks to watch on Thursday.

REDtone’s subsidiary REDtone MEX Sdn Bhd has won an RM130mil contract to provide nationwide medical imaging, filmless radiology information system infrastructure and network connectivity to 20 of the largest hospitals in Sri Lanka, including the national hospital in Colombo.

myNEWS has launched Japanese-inspired food production centre which will supply more than 300 myNEWS stores in the Klang Valley with a wide array of high quality ready-to-eat (RTE) foods.

VSolar has signed a Memorandum of Understanding with Mattan Engineering Sdn Bhd to conduct a feasibility study for the development of a solar energy generation facility in Seremban.

DNeX has bagged a contract extension worth RM57 million from the Accountant General’s Department for an information and communication technology (ICT) maintenance project.

Marine & General has bagged a contract by Petronas Carigali Sdn Bhd for the provision of a unit of anchor handling tug and supply vessel for the petroleum arrangement contractors (PACs) production operations.

Censof has bagged a RM34.77mil contract from the Inland Revenue Board of Malaysia (IRB) to install licence renewal, software support and maintenance services for data warehouse systems at the board.

Overnight, US markets plunged overnight following lingering concerns of an economic slowdown after the recent manufacturing data.

Earlier, European stocks tumbled amid fears of a global recession and developments in Brexit.

“Following the bearish performances in the US and Europe, the FBM KLCI could test its support of 1,570 points, ” JF Apex said.

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myNews , Censof , DNeX


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