Trading ideas: FGV, Gas Malaysia, Notion VTec


  • Analyst Reports
  • Thursday, 09 Apr 2020

KUALA LUMPUR: Stocks to watch on Thursday include FGV Holdings Bhd Gas Malaysia Bhd and Notion VTEC Bhd.

FGV Holdings has appealed against the Roundtable on Sustainable Palm Oil (RSPO)’s decision to re-suspend the certification of its Kilang Sawit Serting mill and as well as all certification processes for currently uncertified mills.

Gas Malaysia is waiving gas charges for all Government hospitals in the country and offering a rebate of RM100 per low-cost residential customer from April to September 2020 to alleviate their burden due to the COVID-19 pandemic and Malaysia’s Movement Control Order (MCO) to curb the outbreak.

Notion VTec said its wholly-owned subsidiaries NotionVenture Sdn Bhd and Notion International (M) Sdn Bhd are allowed to operate during the MCO period set by the Ministry of International Trade and Industry (MITI).

Meanwhile, US markets surge around 3% overnight following political development in the presidential race and hopes of lower coronavirus cases.

The Dow Jones Industrial Average rose 779.71 points, or 3.44%, to 23,433.57, the S&P 500 gained 90.57 points, or 3.41%, to 2,749.98 and the Nasdaq Composite added 203.64 points, or 2.58%, to 8,090.90.

Earlier, European stocks retreated due to lingering concerns over the pandemic.

“Following the mixed performances in the US and Europe, the FBM KLCI could hover sideways below the resistance of 1,370 points,” JF Apex said.

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FGV , Gas Malaysia , Notion VTec

   

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