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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