Trading ideas: Pos Malaysia, Iris, Sime Darby Property, Tambun Indah


  • Analyst Reports
  • Wednesday, 29 Jan 2020

KUALA LUMPUR: Pos Malaysia Bhd, Iris Corp Bhd, Sime Darby Property Bhd and Tambun Indah Land Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.

Pos Malaysia will raise postage rates for registered mail, commercial mail and small parcels below 2kg, effective Feb 1.

Iris Corp has secured a RM3.94mil contract from the Ministry of International Trade and Industry (MITI) for the provision of control card access meeting rooms for the upcoming Asia-Pacific Economic Cooperation (APEC) summit this year.

Sime Darby Property has appointed Datuk Azmir Merican Azmi Merican as its group managing director effective April 22, 2020.

Tambun Indah has entered into a Memorandum of Understanding with Show Chwan Medical Care Corp to collaborate in the proposed establishment of Penang Show Chwan Hospital in Pearl City, Penang.

Meanwhile, US markets rallied overnight in a rebound led by technology and financial counters such as Apple and Goldman Sachs amid lingering concerns over the Wuhan coronavirus and quarterly earnings.

Similarly, European stocks rebounded amid the coronavirus outbreak, Brexit deadline on Friday and corporate results.

“Following the positive performances in the US and Europe, the FBM KLCI could follow suit and stage a rebound after bouncing off the support of 1,550 points,” JF Apex said.

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Pos Malaysia , Iris , Tambun Indah

   

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