Trading ideas: MISC, Minetech, DNeX, Sime Darby Plantation, Bintai Kinden

KUALA LUMPUR: JF Apex Research expects MISC Bhd, Minetech Resources Bhd, Dagang Nexchange Bhd, Sime Darby Plantation Bhd, Bintai Kinden Corp Bhd, AT Systematization Bhd and Asdion Bhd to be among the stocks to watch on Friday.

MISC has secured seven-year charter contracts from Shell for three newbuilding crude carriers, for operations in international waters.

Minetech Resources has bagged a contract extension worth RM70mil for waste removal, ore delivery and associated works for open pit mining at the Selinsing Gold Mine Project.

DNeX announced that its unit has been granted an extension contract for a period of three years to operate the National Single Window (NSW) for trade facilitation.

Sime Darby Plantation has started legal action against Duncan Jepson, the managing director of Liberty Shared, a non-governmental organisation (NGO), over his allegations of forced labour in its plantations.

Bintai Kinden's subsidiary has signed a deal to supply the Greenie Medi Cold Chain Box for the storage and distribution of Covid-19 vaccine in Saudi Arabia.

AT Systematization has made a conditional voluntary takeover offer (VGO) to loss-making Asdion Group at 50 sen per share.

Overnight, the US market surged overnight with the S&P hitting a record high after President Joe Biden signed the US$1.9 trillion Covid-19 stimulus package.

Earlier, European stocks advanced after the European Central Bank pledged to increase bond buying.

“Following the positive performances in the US and Europe, the FBM KLCI could remain buoyed above the support of 1,615 points,” JF Apex said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

MISC , Minetech , DNeX , Sime Darby Plantation , Bintai


Next In Business News

Square sails past profit estimates as bitcoin volumes surge
Oil prices fall 1% on worries of pandemic surge in India
COVID-19 vaccine maker shares sink as governments mull patent waiver
Fed says stock market boom, 'ebullient' investors warrant caution
GLOBAL MARKETS-Stocks gain, Dow ends at record high
ESG at heart of Maybank’s plan
Mitsui weighs buyout of US$11bil IHH Healthcare
MIDF Research: Bank Negara likely to keep OPR unchanged this year
US$953mil Singaporean fund ensnared by alleged nickel fraud
Maybank to stop coal financing

Stories You'll Enjoy