Trading ideas: Willowglen, PetChem, Kerjaya Prospek, GKent, GPacket

KUALA LUMPUR: JF Apex Research expects Willowglen MSC Bhd, Petronas Chemicals Group Bhd (PetChem), Kerjaya Prospek Group Bhd, George Kent (M) Bhd, Global Oriental Bhd and Green Packet Bhd to be among the stocks to watch on Tuesday.

Willowglen MSC has been awarded a contract worth RM6.11mil by Singapore’s SP PowerAssets Ltd for the comprehensive maintenance of a cable oil pressure monitoring system, as well as the system's migration.

PetChem announced that it has acquired a 50% stake in Germany’s PCC SE’s Malaysian unit, PCC Oxyalkylates Malaysia Sdn Bhd (PCC-OM), marking its entry into the growing oxyalkylates market.

Kerjaya Prospek has secured a RM154.4mil contract to build a temporary coastal protection structure for phases 2B and 2C of the Seri Tanjung Pinang (Phase 2) reclamation project in Tanjung Tokong, Penang.

Global Oriental is teaming up with a South Korean firm to explore opportunities in the distribution of the latter’s nano bubble products in Malaysia and Singapore.

George Kent’s 2QFY21 net profit jumped 135% year-on-year as work orders continued to come in under its water metering business, despite business closures during the government’s movement control order (MCO).

Green Packet has teamed up with German reinsurer Hannover RE for a commercial fleet usage-based insurance telematics programme in Malaysia.

Sasbadi plans to raise up to RM5.79mil via private placement to fund the maintenance and enhancement of the group’s digital learning business and English upskilling products.

Overnight, US markets ended higher on Monday as investment sentiment was boosted by positive news on the vaccine front.

Similarly, European stocks ended the day in the green on Monday, after a mixed session that came on the back of a resumption of coronavirus vaccine trials.

“We expect the local bourse to tread cautiously, awaiting the release of Chinese economic data for August.

“Our resistance and support level are at 1,475 and 1,550 points respectively,” JF Apex said.

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Willowglen , PetChem , Kerjaya Prospek , GPacket


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