Trading ideas: GentingM, QL Resources, SunREIT, RCE Capital

  • Markets
  • Wednesday, 10 Nov 2021

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KUALA LUMPUR: JF Apex Research expects Genting Malaysia, QL Resources, RCE Capital, Sunway REIT, Aneka Jaringan and Hong Seng are among the stocks to watch on Wednesday following the corporate announcements.

Genting Malaysia’s 49%-owned Empire Resorts Inc has won a licence to offer mobile sports betting in New York.

QL Resources’ convenience store subsidiary FamilyMart Malaysia's new factory with a total investment of about RM100mil will be completed by the first quarter of 2022 (1Q22), which will enable the convenience store operator to supply more stocks to its retail stores.

Sunway REIT recorded a net property income of RM70.51 million for the quarter ended Sept 30, 2021, up 3.6% from RM68.1mil a year ago due to lower property operating expenses.

RCE Capital's net profit for its 2QFY22 fell 10.9% to RM31.55mil, from RM32.99mila year earlier, due to lower refinancing activities by customers amid the implementation of the Full Movement Control Order that restricted business activities nationwide from June 1.

Aneka Jaringan’s Indonesia subsidiary PT Aneka Jaringan Indonesia has accepted a contracting job in Indonesia worth IDR48.75 billion inclusive of value-added tax (RM14.24mil).

Nestcon has inked an agreement with Hatten Land’s unit Hatten Renewable Energy Sdn Bhd to form a joint venture for solar photovoltaic plants.

Hong Seng has estimated that its new nitrile butadiene latex (NBL) plant in Kedah Rubber City will be operating at full capacity by its financial year 2031.

Solution Group is expecting approval to sell Convidecia vaccine on the private market and administer as a booster shot soon.

Focus Dynamics is now collaborating with Permaju Industries to venture into the electric vehicle (EV) business.

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GentingM , QL Resources , SunREIT , RCE Capital


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