Trading ideas: Perak Transit, Pecca, Texchem, Vizione, Press Metal, Dolphin


  • Analyst Reports
  • Monday, 10 Aug 2020

KUALA LUMPUR: Stocks to watch on Monday include Perak Transit Bhd, Pecca Group Bhd, Texchem Resources Bhd, Vizione Holdings Bhd, Press Metal Aluminium Holdings Bhd and Dolphin International Bhd, according to JF Apex Research.

Perak Transit said its Terminal Kampar Putra has been granted a certificate of completion and compliance to mark the completion of the 800,000-sq-ft integrated complex.

Pecca Group plans to purchase additional face mask machinery to expand its production capacity.

Texchem Resources’ unit has received the Malaysian Investment Development Authority’s green light to produce face shields.

Vizione’s unit Vizione Construction Sdn Bhd has secured an RM90.03mil contract from SDF Hydro Sdn Bhd for a hydropower project in Kedah.

Press Metal’s unit Press Metal (Labuan) Ltd is redeeming US$173.11mil debt papers, representing 43.28% of the principal amount of the latter’s senior notes outstanding.

Dolphin International's board has resolved to suspend the power and authority of its group managing director Low Teck Yin, who is also the co-founder, with immediate effect pending the completion of an investigation into alleged breach of fiduciary duty by him.

Meanwhile, US markets ended flat on Friday amid better-than-expected jobs report, concerns on coronavirus stimulus talks and tension with China.

Earlier, European stocks posted slight gains after favourable US employment data.

“Following the mixed performances in the US and Europe, the FBM KLCI could remain sideways above the support of 1,550 points,” JF Apex said.

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Perak Transit , Pecca , Texchem , Vizione

   

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