Trading ideas: IHH Healthcare, MyEG, Berjaya Food, Inari, MISC

KUALA LUMPUR: Stocks to watch on Friday include IHH Healthcare Bhd, My E.G. Services Bhd (MyEG), Berjaya Food Bhd, Inari Amertron Bhd and MISC Bhd, according to JF Apex Research.

Mitsui & Co is exploring a deal to take Malaysian hospital group IHH Healthcare private based on a news report.

MyEG has won a contract from MIMOS Bhd to provide service desk and its related services for a vaccine traceability system. It is valued at RM400,000 for the first year and RM250,000 for the optional one-year extension.

Berjaya Food reported a net profit of RM11.61mil for its 3QFY21, against a net loss of RM1.39mil a year earlier underpinned by higher revenue, mainly from Starbucks Malaysia.

Inari Amertron plans to raise up to RM1.07bil via a private placement to be used for capital expenditure, acquisitions and investments.

The group proposed to issue up to 333 million new shares, which accounts for 10% of its share capital, to third party investors at an indicative price of RM3.20 a share.

MISC posted a net profit of RM429.80mil its 1QFY21, which turned around from a net losses of RM1.15bil a year ago due to provision for litigation claims a year ago.

Overnight, the US market closed higher with the Dow extending its record high after better-than-expected jobless claims.

Earlier, European stocks ended mixed after the Bank of England kept interest rates unchanged and upgraded its 2021 growth outlook.

“Following the recent lacklustre performance, the FBM KLCI could remain pressured towards the support of 1,560 points amid rising Covid-19 cases and the recent announcement of MCO,” JF Apex said.

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IHH Healthcare , MyEG , Berjaya Food , Inari , MISC


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