Trading ideas: TRC Synergy, Alam Maritim, Parkson, PLS Plantations, Asia Poly


  • Analyst Reports
  • Friday, 27 Dec 2019

KUALA LUMPUR: Stocks to watch on Friday include TRC SYNERGY BHD, ALAM MARITIM RESOURCES BHD, Parkson Holdings Bhd, PLS Plantations Bhd and ASIA POLY HOLDINGS BHD, according to JF Apex Research.

TRC Synergy has secured a RM118.8mil contract from Bank Negara Malaysia to modernise its mint in Shah Alam.

Alam Maritim has bagged a RM14.42mil contract from Petronas Carigali Sdn Bhd to provide one anchor handling tug and supply vessel.

Parkson Holdings’ subsidiary is being sued by a firm owned by the Selangor State Development Corp (PKNS) and Andaman Group for allegedly failing to pay rent for a retail space in EVO Shopping Mall in Bangi.

PLS Plantations, the oil palm and timber group that has diversified into the durian business, has been granted a three-month extension until Feb 29 next year to resolve its public shareholders spread.

Asia Poly has disposed its entire stake in D’Nonce for a loss of RM3.1mil and Apollo Food’s 2QFY20 net profit declined 38% year-on-year on the back of lower sales.

Meanwhile, US markets rose to record highs overnight as the year-end rally continues amid lower jobless claims.

The Dow Jones Industrial Average rose 105.94 points, or 0.37%, to 28,621.39, while the S&P 500 climbed 0.51% to 3,239.91. The Nasdaq Composite finished the day 0.78% higher at 9,022.39, topping the 9,000 mark for the first time ever.

European stocks also advanced to all-time high, riding on the positive sentiment from the US-China trade deal.

“Following the bullish sentiment in global markets, the FBM KLCI could climb towards its resistance of 1,620 points, ” JF Apex said.

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TRC , Alam Maritim , Parksons

   

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