Trading ideas: Rohas Tecnic, Ranhill, Paramount


  • Analyst Reports
  • Friday, 21 Feb 2020

KUALA LUMPUR: JF Apex Research expects ROHAS TECNIC BHD, RANHILL HOLDINGS BHD and Paramount Corp Bhd to be among the stocks to watch on Friday.

Rohas Tecnic has bagged two contracts worth a combined RM192mil to install transmission lines in Bangladesh.

Ranhill has secured an RM5.51mil contract to develop a sewage treatment plant for the R&F Tanjung Puteri property project in Johor Bahru.

Paramount wants to expedite the distribution of the RM177mil allocated as special dividend to its investors following the completion of the sale of its controlling equity interest in its pre-tertiary education business.

The research house noted that ; VSTECS Bhd, Mi Technovation Bhd, Sern Kou Resources Bhd posted higher year-on-year quarterly profits.

On the other hand, BRITISH AMERICAN TOBACCO (M) BHD, YTL Corp Bhd, YTL Power, Oriental Food, Pharmaniaga Bhd, GD EXPRESS CARRIER BHD, SUNWAY CONSTRUCTION GROUP BHD, Magnum Bhd, Perdana Petroleum Bhd recorded lower year-on-year quarterly results.

Meanwhile, US markets declined overnight as the S&P and Nasdaq came off record high levels amid concerns over the coronavirus.

Earlier, European stocks retreated following disappointing earnings and fears of the coronavirus outbreak.

“Following the bearish performances in the US and Europe, the FBM KLCI could remain pressured with support at 1,520 points” JF Apex said.

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Paramount , Ranhill , Rohas Tecnic

   

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