Trading ideas: DRB-Hicom, Cuscapi, Mesiniaga

  • Analyst Reports
  • Tuesday, 05 Nov 2019

KUALA LUMPUR: JF Apex Research expects DRB-HICOM BHD, CUSCAPI BHD and Mesiniaga Bhd to see trading interest today following their latest corporate news.

DRB-HICOM plans to undertake an Islamic medium-term notes (MTN) or Sukuk Wakalah programme of up to RM3.5bil.

Cuscapi has entered into a MOU with Zando to explore business opportunities and expanding into Myanmar’s F&B market to offer new C360 Engage Point of Sales and restaurant management solutions, Retail and Mall Management Solution.

Mesiniaga has accepted a Letter of Award issued by the Employees Provident Fund (EPF) for the supply of computer hardware, software, maintenance and IT related services worth RM16 million.

Meanwhile, US markets rallied overnight with the Dow hitting record high following strong quarterly earnings, improved economic data and progress in trade talks with China.

Similarly, European stocks advanced due to renewed optimism on the US-China trade talks.

“Following the bullish performances in the US and Europe, the FBM KLCI could extend its gains towards the resistance of 1,630 points, ” JF Apex said.

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DRB-Hicom , Cuscapi , Mesiniaga


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