Trading ideas: Reservoir Link, Yong Tai, Supermax, TNB, Maybank, PPB

KUALA LUMPUR: Reservoir Link Energy Bhd, Yong Tai Bhd, Supermax Corp Bhd, Tenaga Nasional Bhd, Malayan Banking Bhd and PPB Group Bhd are among the stocks to watch on Friday, according to JF Apex Research.

In a report, JF Apex said Reservoir Link Energy has secured a contract from Roc Oil (Sarawak) Sdn Bhd for the provision of perforation services for drilling and production phase in 2021 and 2022.

Yong Tai said its healthcare unit is set to undertake the Covid-19 vaccine phase three clinical trial in Malaysia after the National Pharmaceutical Regulatory Agency (NPRA) granted its approval for the clinical trial import licence.

Supermax saw its quarterly net profit drop to RM958.71mil, down 4.6% quarter-on-quarter from RM1.01bil the immediate preceding quarter, due to lower average selling prices as more glove supply becomes available in the market.

TNB, Maybank, Sime Darby Property, Kerjaya Prospek, UOA Development, AME, Tambun Indah, Hibiscus, 7-Eleven, IOI Properties, Magnum, Sarawak Oil Palms, Affin Bank recorded higher year-on-year quarterly earnings whilst PPB, Chin Hin, Oriental Food posted weaker year-on-year quarterly results.

Meanwhile, the US market declined overnight to break a 5-day winning streak following uncertainty in Afghanistan.

Similarly, European stocks ended lower after Germany's consumer sentiment deteriorated.

“Following this week's rally, the FBM KLCI could take a breather and consolidate below 1,600 points,” JF Apex said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Reservoir Link , Yong Tai , Supermax , TNB , Maybank , PPB


Next In Business News

Nikkei erases early losses to end flat amid strong earnings
Oil falls after increases in U.S. crude, fuel stockpiles
Australian border openings boost demand for flights
Asian currencies fall on U.S. rate expectations, China jitters
Seni Jaya proposes 3-for-1 bonus issue
Proton X70 production in Pakistan scheduled for year-end
Serba Dinamik continues to be suspended
FBM KLCI creeps higher as trading stays cautious
Moratorium under Pemulih package still open for applications
Ringgit opens flat as investors stay on the sidelines

Others Also Read