Trading ideas: MUI Properties, CAM Resources, Dayang, Eversendai

  • Analyst Reports
  • Wednesday, 05 Feb 2020

KUALA LUMPUR: Stocks to watch include MUI Properties Bhd, CAM RESOURCES BHD, DAYANG ENTERPRISE HOLDINGS BHD, Eversendai Corp Bhd, Genetec Technology Bhd and Serba Dinamik Holdings Bhd, according to JF Apex Research.

MUI Properties' 40.7% associate Nex Metals Exploration Ltd, which is listed on the Australian Stock Exchange (ASX), has found high-grade gold mineralisation in its Kookynie mining site located in the northeastern goldfields of Western Australia.

CAM Resources said its 2MW biogas plant has commenced supply via feed-in-tariff (FiT) structure, beginning December last year.

Dayang Enterprise was awarded a three-year umbrella contract for the provision of modification works from CARIGALI-PTTEPI Operating Company Sdn Bhd (CPOC).

Eversendai said it has secured six new projects worth RM323mil in Malaysia, India and Qatar.

Genetec Technology said it has secured new orders worth RM38.5 million in January, from 12 customers.

Serba Dinamik has secured 12 new contracts — half of which is worth a combined US$78mil (RM320.89mil), while the other half are on call-out basis.

Unisem has paused operations in Chengdu, China, under the instruction of local authorities to contain the Wuhan coronavirus outbreak.

Meanwhile, US stocks rallied on Tuesday as Dow soared more than 400 points whilst Nasdaq hit all-time high, building on solid gains from the previous session as the market recovers from a steep sell-off that was sparked by worries over the coronavirus.

Similarly, European markets closed higher, led by basic resource stocks, as sentiment improved and investors brushed aside economic fears over the coronavirus outbreak.

“Following the positive performances shown by the overnight overseas markets, the FBM KLCI is expected to trend higher with its resistance level of 1,550 points, ” JF Apex said.

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