Trading ideas: Serba Dinamik, Kelington, Ecobuilt, Milux, GHL, Genetec

KUALA LUMPUR: JF Apex Research expects Serba Dinamik Holdings Bhd, Kelington Group Bhd, Ecobuilt Holdings Bhd, Milux Corp Bhd, GHL Systems Bhd and Genetec Technology Bhd to be among the stocks to watch on Tuesday.

Serba Dinamik has won US$135.8mil (RM548.2mil) worth of contracts, including eight operations and maintenance (O&M) jobs won by its 75%-owned subsidiary PT Serba Dinamik Indonesia in Indonesia.

Kelington has said it clinched several new contracts totalling RM118mil during the fourth quarter of 2020. The integrated engineering solutions provider said the new contract wins lifted the group's total new orders in financial year 2020 to RM490mil.

Ecobuilt has secured a RM166.37mil contract to undertake a mixed commercial development project in Kota Kinabalu, Sabah.

Milux has proposed a bonus issue of up to 176.29 million shares on the basis of three bonus shares for every one share held.

GHL Systems has expanded its service offerings to include vehicle insurance and road tax renewal services following a tie-up with Loanstreet.

Genetec Technology said the manufacturing systems specialist is not aware of any rumour or report concerning the group's business and affairs that might have accounted for the company's share trade activity, which saw the stock's price hit limit up while volume registered a ninefold spike.

EcoFirst is buying seven parcels of land in Sungai Buloh for a combined RM70mil.

The land parcels are intended to be developed into a mixed development project with an estimated gross development value of more than RM550mil.

Parkson Holdings said Parkson Vietnam Co Ltd (PVC) has received a letter from its landlord in Vietnam alleging, among others, that PVC Is required to pay a total amount of VND66.2 billion (RM12mil) to the landlord for unpaid and outstanding rental and late-payment charges.

Top Glove has refuted claims by the Canadian Broadcasting Corp over alleged unsuitable working conditions at its factories.

The rubber glove manufacturer said the allegations raised in the report and the way in which they were presented were misleading and damaging on the basis that they suggested a breach in existing policies that it currently has in place.

Meanwhile, the U.S. stock market was closed on Monday in honour of Martin Luther King Jr. Day but U.S. stock futures moved modestly higher on Monday evening as Wall Street looked to bounce back from a rough week ahead of President-elect Joe Biden’s inauguration.

Earlier, European stocks climbed as the coronavirus pandemic and rollout of vaccinations continued to dominate headlines.

“Following the bearish momentum, the FBM KLCI remains pressured and could trend lower towards the support of 1,570 points,” JF Apex said.