Trading ideas: Yinson, D&O, Reservoir Link, JF Technology, Serba Dinamik


KUALA LUMPUR: Yinson Holdings Bhd, D & O Green Technologies Bhd, JF Technology Bhd, Reservoir Link Energy Bhd, Serba Dinamik Holdings Bhd, Ta Win Holdings Bhd and Hup Seng Industries Bhd are among the stocks to watch on Thursday, according to JF Apex Research.

In its report, JF Apex said Yinson and its project partner Sumitomo Corp have entered into a US$670mil syndicated loan facility for the FPSO Anna Nery project, a floating, production, storage and offloading (FPSO) vessel for the Marlim revitalisation project in Brazil.

D&O said it has made an offer to acquire precision electroplating services firm Syntronixs Asia Sdn Bhd for RM55mil.

Reservoir Link Energy has received shareholders’ approval to acquire a 51% stake in Founder Energy Sdn Bhd for RM21.2mil, enabling the oil and gas well services group to diversify into renewable energy-related businesses.

JF Technology has been appointed as the agent for the sale and distribution of South Korea's leading global test solution provider ISC Co Ltd's test contacting solution products in China, Malaysia and Asean.

Subsidiaries of Serba Dinamik have secured eight contracts with a combined estimated value of US$67.7mil (RM286.3mil) and a further seven operation and maintenance (O&M) contracts with no specific value.

Ta Win has bagged a contract for the supply of cables and automotive components for local automobile models in Malaysia.

Ta Win said its subsidiary Cyprium Wire Technology Sdn Bhd has accepted a contract from NYSE-listed technology and mobility company Aptiv PLC.

Hup Seng recorded a 59.1% year-on-year drop in its 2QFY21 net profit, dragged by low revenue from biscuits and rising costs of the main raw materials.

Greatech recorded lower 2QFY21 net profit, -17.6% quarter-on-quarter, on the back of lower revene.

Luxchem’s 2QFY21 net earnings declined 19.4% quarter-on-quarter.

See Hup, the general cargo transporting and freight forwarding services group, has proposed to diversify into construction contracts services.

Dialog is planning to venture into the post-consumer plastics recycling industry, its first investment in the downstream petrochemicals business.

Minetech has been awarded a contract to undertake the design and construction works of an elevated road in Selangor valued at approximately RM11.3mil.

Meanwhile, the US market ended mixed overnight with the Dow and S&P extending their record highs while the Nasdaq declined as investors shrugged off the latest inflation report.

Earlier, European stocks advanced after the US' CPI data suggested inflation may have peaked.

“Following the recent sideways trend, the FBM KLCI could stage a rebound towards the resistance of 1,530 points,” JF Apex said.

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