Trading ideas: Bina Puri, TGC Group, Top Glove, Kerjaya Prospek, Sunsuria


KUALA LUMPUR: JF Apex Research expects Bina Puri, TGC Group, Top Glove, Kerjaya Prospek and Sunsuria to be among the stocks to watch on Thursday following their recent corporate announcements.

Bina Puri's joint venture secured a RM1.03bil railway contract in Thailand while TGC Group bagged a RM323mil construction project.

As for Top Glove, it plans to start paying dividend every quarter, Kerjaya Prospek is buying land in KL for RM10mil, Sunsuria plans to raise RM500mil of sukuk, and K-One will manufacture syringe safety needle caps.

Overnight, US markets rallied on hopes of fiscal stimulus and aid for airlines. European stocks ended lower as President Donald Trump had earlier halted stimulus discussions until after elections.

At Bursa on Wednesday, the FBM KLCI fell 19.91 points to 1,489.56.

"Following the positive performance in Wall Street, the FBM KLCI could climb with support at 1,475," it said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

100% readers found this article insightful

Next In Business News

Slack’s CEO is back in the passenger seat after Salesforce deal
Natural gas to contribute RM400mil to public finances over next decade
SCIB units secure EPCC contracts worth RM271mil
Flipkart’s digital payments firm PhonePe to raise US$700mil from existing investors
Astro posts RM164.5mil profit in Q3�
Bursa rallies with over 900 counters in positive zone
More US-listed Chinese firms seen seeking backup listings
Cagamas prices RM2bil debt notes 30-45 bps above MGS, MGII
Corporate Singapore faces crunch time in rare clash with activist funds
Grab 'in a position to acquire' after Gojek merger report

Stories You'll Enjoy