Trading ideas: GDB, Econpile, T7 Global, HeiTech Padu, AISB


KUALA LUMPUR: JF Apex Research expects GDB Holdings Bhd, Econpile Holdings Bhd, T7 Global Bhd, Heitech Padu Bhd and Amalgamated Industrial Steel Bhd (AISB) to be among the stocks to watch on Friday.

GDB’s 70%-owned subsidiary GDB Geotechnics Sdn Bhd has bagged an RM20.67mil contract to be the main contractor to undertake piling and substructure works for two blocks of service apartments.

Econpile has been awarded an 11-month contract worth RM26.1mil from WCT OUG Development Sdn Bhd to undertake sub-structure and basement works for a property development project on Jalan Awan Besar here.

T7 Global’s unit Tanjung Offshore Services Sdn Bhd has secured an umbrella contract from Vestigo Petroleum Sdn Bhd for the provision of integrated well services for well intervention, workover and abandonment.

HeiTech Padu will be teaming up with Indonesian company PT Kirana Investama Nusantara (PT KIN) to set up a joint venture company in Indonesia to explore business opportunities there, which encompasses the development and deployment of a Shariah Compliance Cooperative System - Baitulmal Wat Tamwil (BMT).

Amalgamated Industrial Steel is acquiring five parcels of leasehold commercial land — measuring 14,365 sq metres in total — near the under-construction Damansara Damai MRT station in Sungai Buloh for RM31mil, to grow its property development business by tapping into strategic locations with development potential.

Meanwhile, US markets ended mixed with the S&P eking out a record high while the Dow and Nasdaq declined amid ongoing concern over trade talks.

Earlier, European stocks closed lower as US-China trade talks hit stalemate and Germany's GDP avoided a recession.

“Following the uncertainties in US and European markets, the FBM KLCI could remain lacklustre with support at 1570 points, ” JF Apex said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

GDB , HeiTech Padu , Econpile , T7

   

Next In Business News

SC to ensure better protection for investors, says chairman
TT Vision signs underwriting agreement for ACE Market listing
Boustead names Izaddeen Daud as group CEO
Malaysia's PPI eases slightly to 4% in October 2022
FGV on course to a strong close in 2022
Asia stocks rebound despite disappointing China data
Mah Sing posts 32% jump in property sales to RM1.69bil
Malaysia's official reserve assets at US$105.23bil as at end-October
AmBank stays positive on FY23 performance
Public Bank records 3Q net profit of RM1.59bil, declares 4c/share dividend

Others Also Read