Trading ideas: Gadang, Vizione, Boustead, Cypark Resources

KUALA LUMPUR: Stocks to watch on Friday include Gadang Holdings Bhd, Vizione Holdings Bhd, Boustead Holdings Bhd and Cypark Resources Bhd, according to JF Apex Research.

Gadang has secured two contracts worth a combined RM81.18mil from China Communications Construction (ECRL) Sdn Bhd in respect of the East Coast Rail Link (ECRL) project.

Vizione has bagged a RM96.3mil contract to build 214 condominium units and 31 superlink villas together with ancillary facilities at Seksyen U20, Shah Alam, Selangor.

Lembaga Tabung Angkatan Tentera (LTAT) makes known that it is considering to take its 59%-owned Boustead Holdings private at an indicative price of 80 sen per share.

Cypark Resources is buying a 51% equity stake in biogas plant operator BAC Biogas (Kg Gajah) Sdn Bhd for a total consideration of RM6mil.

Power Root, BIMB, Ho Hup, Kawan Food, KPS, Kumpulan Powernet, Kobay, MFCB, Time Dotcom reported better year-on-year quarterly results, whilst Vitrox, Revenue Group, Wellcall, Econpile, I-Stone, Willowglen, FGV posted weaker year-on-year quarterly net earnings.

Meanwhile, US markets decline overnight due to higher-than-expected jobless claims and rising tension between the US and China.

Earlier, European stocks advanced after the European Commission's plan for a 750 billion euro stimulus fund.

Following the mixed performances in the US and Europe, JF Apex said the FBM KLCI could remain sideways below the resistance of 1,460 points.

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Gadang , Boustead , Cypark , Vizione


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