Trading ideas: LKL, AT Systematization, Techfast, Pentamaster

KUALA LUMPUR: Stocks to watch on Monday include LKL International Bhd, AT Systematization Bhd, Techfast Holdings Bhd and Pentamaster Corp Bhd, according to JF Apex Research.

LKL International has inked an agreement with AT Systematization to market, sell and distribute natural rubber latex gloves and nitrile gloves.

Techfast announced that it has signed a letter of intent (LOI) to supply up to 6.45 million barrels of diesel gas oil worth an estimated RM1.14 billion.

Pentamaster’s 3QFY20 net profit fell 30% year-on-year, due to lower revenue.

In addition, JF Apex expects some stocks to be under investors’ interests following the Budget 2021 announcement last Friday.

“Overall, we deem the Budget to be a non-event for the market as there are not many positive and negative surprises.

“We are neutral on the market with our FBM KLCI year-end target of 1,470 points.

“Our top picks are Axiata (TP: RM3.93), Tasco (TP: RM2.52), CCK (TP: RM0.79), Wellcall (TP: RM1.21), AME (TP: RM2.21), Frontken (TP: RM4.33) and Foundpac (TP: RM1.30),” JF Apex said.

Meanwhile, US markets ended flat on Friday as the election rally takes a breather. Earlier, European stocks declined due to higher coronavirus infections and with more lockdowns being implemented.

“Following the mixed performances in the US and Europe, the FBM KLCI could take a breather from recent gains and consolidate below the resistance of 1,545 points,” JF Apex said.

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LKL , AT Systematization , Techfast , Pentamaster


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