Trading ideas: Dayang, MISC, Nexgram, Eco World Development, Inta Bina, LPI

KUALA LUMPUR: JF Apex Research expects Dayang Enterprise Holdings Bhd. MISC Bhd, Nexgram Holdings Bhd, Eco World Development Group Bhd, Inta Bina Group Bhd and LPI Capital Bhd to be among the stocks to watch on Tuesday.

Dayang has bagged a contract from Sarawak Shell Bhd and Sabah Shell Petroleum Company Ltd for the provision of topside major maintenance services.

MISC has inked a deal with Brazil’s Petróleo Brasileiro SA (Petrobras) to provide a floating production storage and offloading facility, Mero 3 FPSO, to the Brazilian company.

Nexgram is partnering Falze Holdings Sdn Bhd (FHSB) for a sub-contract under the Central Spine Road project. Nexgram’s portion of the contract is valued at RM118.41mil, while FHSB’s cut is RM26.56mil, which is inclusive of a RM14.55mil provisional sum.

Eco World Development is selling 16.32 acres of industrial land at its Eco Business Park V project to Baosteel Can Making (Malaysia) Sdn Bhd for RM53.3mil.

Inta Bina has been appointed by Tropicana Corp Bhd as contractor for a multi-facility apartment project in Subang Jaya for RM199mil.

Sasbadi is disposing of a three-storey factory building in Kota Damansara for RM7.15mil as part of its non-core asset disposal to reduce its finance costs.

Bintai Kinden, which saw its share price soar to a three-year high today, said it is venturing into developing a vaccine for Covid-19 through a partnership with a US pharmaceutical company.

LPI Capital’s 2QFY20 net profit rose 9.4% year-on-year due to higher gross premiums earned from the general insurance segment.

Ajinomoto saw its 1QFY21 net profit rise by RM15.06mil, from RM13.72mil a year prior following lower advertising and sales promotional expenses.

Innature’s 2QFY20 net profit fell 38.62% year-on-year as its retail business was impacted by the Covid-19 lockdown.

Meanwhile, US markets ended mixed with the Dow falling while the S&P and Nasdaq climbed amid talks of the coronavirus stimulus package and rising US-China tension.

Earlier, European stocks advanced despite geopolitical tension between the US and China as well as ongoing concern of coronavirus.

“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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Dayang , MISC , Nexgram , Inta Bina


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