Trading ideas: KPJ Healthcare, Minetech, Nextgreen, Ajiya


KUALA LUMPUR: Stocks to watch on Monday include KPJ Healthcare Bhd, Minetech Resources Bhd, Nextgreen Global Bhd and Ajiya Bhd, according to JF Apex Research.

KPJ Healthcare will be allocating between RM200mil and RM300mil for capital expenditure (capex) this year to expand its business operations.

Minetech Resources has bagged an RM27.69mil contract to undertake upgrading works along the Cheras Kajang Expressway for the proposed Emerald 9 Cheras development in Cheras, Selangor.

Nextgreen Global said IHI Corp and Nomura Holdings Inc are still in the midst of carrying out the feasibility study on the development of power generation and other auxiliary facilities for Nextgreen’s Green Technology Park in Pahang (GTPP), as well as projects in Negeri Sembilan and Sarawak.

Ajiya announced that its consortium with Xinyi Solar (M) Sdn Bhd and U-Li Solar Energy Sdn Bhd has failed to clinch the tender for the large-scale solar photovoltaic Edition 3 (LSS3).

Hence, the consortium agreement entered into between the three parties will be terminated with immediate effect.

Meanwhile, US markets declined on Friday after weaker-than-expected jobs data and geopolitical tensions.

Earlier, European stocks tumbled after the US announced new sanctions on Iran.

JF Apex said the FBM KLCI could be negative with support at 1,585 points following the bearish performances in the US and Europe.

“Technical indicators are negative with the RSI falling below the overbought zone while the MACD crossed below its signal line.

“The recent year-end rally failed to beat the 200-day moving average. After last week’s decline, the FBM KLCI could hover sideways after testing the support of 1,585 points, ” it said.

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Ajiya , KPJ Healthcare , Nextgreen

   

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