Trading ideas: Serba dinamik, Careplus, Ekovest, MRCB, Comfort Gloves

KUALA LUMPUR: JF Apex Research expects Serba Dinamik Holdings Bhd, Comfort Gloves Bhd, Ekovest Bhd, Malaysian Resources Corp Bhd (MRCB) and Comfort Gloves Bhd to be among the stocks to watch on Monday.

Serba Dinamik has inked a RM320mil deal with Petroliam Nasional Bhd (Petronas) to acquire the Teluk Ramunia fabrication yard in Johor.

Careplus is proposing a private placement to fund new production lines. The group said it intends to raise up to RM82.96mil by issuing up to 53.14 million shares, equivalent to 10% of its outstanding share capital.

Ekovest posted a lower net profit of RM8.43mil for 3QFY20, down 71.3% year-on-year, dragged by weaker performance across all three business segments, which more than offset the lower net finance costs and taxes paid.

MRCB is raising up to RM5bil from a sukuk issuance to “fund business growth and to meet future funding requirements”.

Comfort Glove’s net profit for 1QFY21 jumped 94% year-on-year, backed by 27% increase in revenue.

Meanwhile, US markets rebounded on Friday after a sharp selldown on Thursday amid concerns over the second wave of coronavirus.

Similarly, European stocks climbed amid reopening of economies and optimism on government stimulus.

“Following the positive performances in the US and Europe, the FBM KLCI could rebound above the 1550-point level,” JF Apex said.

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Serba dinamik , Careplus , Ekovest , MRCB


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