Trading ideas: PDZ, Sanichi, Willowglen, Naim, FGV, Daya, LKL, Perdana Petroleum


  • Analyst Reports
  • Monday, 20 Jul 2020

KUALA LUMPUR: Stocks to watch on Monday include PDZ Holdings Bhd, Sanichi Technology Bhd, Willowglen MSC Bhd, Naim Holdings Bhd, FGV Holdings Bhd, Daya Materials Bhd, LKL International Bhd and Perdana Petroleum Bhd, according to JF Apex Research.

PDZ and Sanichi will jointly design, develop and manage a regional e-commerce logistics hub on 94.7 hectares of land in Desaru, Johor.

The duo said they had concluded a collaboration agreement that would lead to the formation of a special purpose vehicle to carry out the project, which will facilitate bulk-breaking, packaging and distribution throughout the Southeast Asian region.

Willowglen MSC has secured a contract worth about RM16.28mil to provide supervisory control and data acquisition.

Naim's wholly-owned unit Petrochemical Hub Sdn Bhd is selling two parcels of vacant land measuring some 405.6ha in Bintulu, Sarawak to the Sarawak Economic Development Corp for RM340mil to enable the seller to unlock the value of the assets and propose a dividend to shareholders.

FGV Holdings is set to grow its logistics sector’s revenue with a newly added fleet.

The additional assets, comprising road tankers, curtainsider trailers and dumper trucks, would boost the company’s logistics arm under FGV Transport Sdn Bhd.

Daya Materials, a Practice Note 17 (PN17) company, has obtained 75% approval in principle from its creditors for its proposed debt restructuring scheme.

LKL plans to raise up to RM45.45mil via a private placement to fund its capital expenditure (capex) and expansion.

The group announced that it would be placing out up to 85.76 million shares or 20% of its share capital to third party investors to be identified.

Perdana Petroleum has secured a vessel chartering contract from its major shareholder Dayang Enterprise Holdings Bhd, worth an estimated RM6.5mil.

Meanwhile, US markets ended flat on Friday following corporate earnings announcements and concerns over higher cases of coronavirus.

Earlier, European stocks ended mixed as European Union leaders met to discuss a 750 billion euro coronavirus recovery package.

JF Apex said the FBM KLCI could take a breather and hover below the resistance of 1,615 points following the mixed performances in the US and Europe.

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PDZ , Sanichi , Willowglen , Naim , FGV , Daya

   

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