Trading ideas: Supermax, Astro, SCIB, Serba Dinamik, UWC


KUALA LUMPUR: Supermax, Astro, Sarawak Consolidated and Serba Dinamik are among the stocks to watch on Friday after their overnight corporate news, JF Apex Research said.

The research house said on Friday Supermax has been added to the FTSE Bursa Malaysia KLCI, following the semi-annual review while KLCC Property and KLCC REIT (KLCCP Stapled) will be removed from the index.

Astro 's net profit for the third quarter ended Oct 31,2020 rose 23.11% to RM164.53mil.

As for Sarawak Consolidated, it bagged two contracts for an estimated total value of RM271.1mil.

JF Apex Research also said in focus could be Serba Dinamik after it secured RM466mil worth of contracts.

UWC, whose shares had rallied on its strong earnings growth, has proposed a one-for-one bonus issue.

Menang Corp announced two shareholders are seeking the removal of Dr Christopher Shun Kong Leng from the board at its next AGM on Dec 30.

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