Trading ideas: Solarvest, MyEG, Konsortium Transnasional


  • Analyst Reports
  • Wednesday, 15 Apr 2020

KUALA LUMPUR: Solarvest Holdings Bhd, MyEG Services Bhd, MTOUCHE TECHNOLOGY BHD and Konsortium Transnasional Bhd (KTB) are among the stocks to watch on Wednesday, according to JF Apex Research.

Solarvest has secured two new contracts in the Philippines, involving engineering, procurement, construction and commissioning works, from Vivant Energy Corporation.

Nak Beli, an e-commerce marketplace powered by MyEG Services, is introducing a new food service platform called Nak Makan to sell freshly cooked meals and food products online.

mTouche Technology appears to have jumped onto the medical equipment supply bandwagon. The mobile services provider is partnering with Network Global Solutions Pty Ltd (NGS), a products and components sourcing company, to supply Covid-19 test kits.

Konsortium Transnasional said it has been classified as an affected issuer under Practice Note 17 (PN17), after its auditors highlighted a material uncertainty in the company’s ability to continue as a going concern in its audited financial statements for FY2018.

Meanwhile, US markets rose overnight as the corporate results season kicked off and investor optimism that the coronavirus outbreak is easing.

The Dow Jones Industrial Average rallied 558.99 points, or 2.4%, to 23,949.76. The S&P 500 climbed 3.1% to 2,846.06 while the Nasdaq Composite advanced nearly 4% to 8,515.74.

Earlier, European stocks advanced as governments plan to lift restrictions on the coronavirus lockdown and plan exit strategies.

“Following the positive performances in the US and Europe, the FBM KLCI could extend its rebound towards the resistance of 1,415 points,” JF Apex said.

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Solarvest , MyEG , KTB

   

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