Trading ideas: Samaiden, Paramount, NWP, KIP REIT, Pentamaster, MISC

KUALA LUMPUR: Stocks to watch on Monday include Samaiden Group Bhd, Paramount Corp Bhd, KIP Real Estate Investment Trust, Pentamaster Corp Bhd and MISC Bhd, according to JF Apex Research.

Samaiden has inked four contracts worth RM22.84mil with Malakoff Corp Bhd for the construction of rooftop solar photovoltaic systems.

Paramount has completed its first fintech investment by acquiring a 30% stake in Omegaxis Sdn Bhd, the holding company of Peoplender Sdn Bhd, the operator of peer-to-peer (P2P) financing platform Fundaztic.

NWP is looking to diversify into proptech under the leadership of executive director Datuk Seri Nelson Kee, who comes with vast experience in real estate. NWP's proptech model will comprise a hybrid agency, fintech, smart homes and a one-stop solution.

KIP REIT plans to undertake a private placement to raise up to RM80.85mil for the group’s future acquisitions.

Pentamaster’s 2QFY21 net profit rose 5.46% year-on-year, supported by sales growth across all segments.

MISC's 2QFY21 net profit jumped 79.9% year-on-year, thanks to lower impairment, and improvement in its petroleum shipping and non-shipping businesses.

Maybulk posted its second consecutive profitable quarter with a 2Q net profit of RM32.06mil against a net loss of RM12.7mil a year earlier, supported by improved charter rates and redelivery of chartered-in vessels.

Careplus posted a net profit of RM105.08mil for its 2QFY21 result, down nearly 15% quarter-on-quarter on the back of lower average selling prices of rubber gloves coupled with higher costs.

MPay has entered into a partnership for the issuance of MPAY PanPay MasterCard Prepaid Card, MPAY Smartlink Wallet and MPAY Smartlink Online Wallet.

Meanwhile, The US market rose on Friday with the Dow and S&P extending their record highs after jobless claims and inflation data.

Similarly, European shares gained as the bullish momentum continued despite concerns over the coronavirus.

“Due to the political uncertainty locally, the FBM KLCI could remain sideways with support at 1,475 points,” JF Apex said.

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Samaiden , Paramount , NWP , KIP REIT , Pentamaster , MISC


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