Trading ideas: Coastal, Carlsberg, Heineken, KPJ, Greatech

KUALA LUMPUR: JF Apex Research expects Coastal Contracts Bhd, Carlsberg Brewery Malaysia Bhd, Heineken Malaysia Bhd, KPJ Healthcare Bhd, Greatech Technology Bhd and Sime Darby Plantation Bhd to be among the stocks to watch on Friday.

Coastal Contracts and its Mexican joint venture partner has secured a project to build a RM258.7mil gas processing plant in Mexico.

Carlsberg Brewery Malaysia reported a 4QFY20 net profit of RM37.95mil, a 45% drop from RM69mil a year ago as the group’s operations continued to recover from the impact of Covid-19 pandemic which had affected sales.

The group declared an interim dividend of 10 sen per share together with a final dividend of 30 sen per share totalling 40 sen, which will be paid on April 12 and July 9, 2021 respectively.

Heineken Malaysia posted a 40.58% decline in its net profit to RM54.17mil for its 4QFY20, from RM91.17mil recorded in the previous year, due to lower sales as its business was impacted by the government's implementation of wider restrictions and stricter standard operating procedures to curb the spread of Covid-19.

The brewer declared a first and final single tier dividend of 51 sen per share, to be paid on July 28.

Lower patient numbers contributed to a 70% plunge in KPJ Healthcare’s 4QFY20 net profit.

Greatech Technology reported a 4QFY20 net profit of RM31.83mil, about 1.8 times the RM18mil the group reported in the corresponding quarter a year ago, driven by a 30.47% rise in revenue.

Sime Darby Plantation swung back into the black for its 4QFY20 results, posting a net profit of RM149mil, from a net loss of RM58mil in the corresponding quarter last year.

Meanwhile, US markets declined overnight as the rally to record highs fizzled following concerns over rising interest rates and inflation as well as worse-than-expected jobless claims data.

Earlier, European stocks tumbled amid corporate earnings and US jobs data.

“Following the bearish performance in Wall Street, the FBM KLCI could extend its selldown towards the support of 1,550 points,” JF Apex said.

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Coastal , Carlsberg , Heineken , KPJ , Greatech


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