Trading ideas: Pecca, MYEG, MicroLink Solutions, IHH Healthcare, MPI, Genting Plantations


KUALA LUMPUR: Companies with recent news flow and corporate earnings results include Pecca, MYEG, MicroLink Solutions, IHH Healthcare, MPI, Genting Plantations, Hap Seng Plantations, D&O, Opcom, SAM Engineering, CMS, Favelle Favco, Freight Management, MBM Resources, CCK, Aeon, Foundpac, Petron, Panasonic, OCK, UEM Sunrise and Allianz.

JF Apex Research noted that these stocks could be seeing price interest over the coming trading day.

Pecca has signed a memorandum of understanding with Malaysia Automotive Robotics and IoT Institute (MARii) for the market expansion of products, as well as collaboration in electric vehicles (EVs) parts and components technology for the company and its subsidiaries.

MYEG has inked a memorandum of understanding with A Tech Insure Sdn Bhd to provide Malaysian civil servants a platform to purchase motor vehicle takaful coverage, together with road tax renewals.

Microlink Solutions has secured a three-year RM35.1mil contract from the Road Transport Department (JPJ) Malaysia to develop an open system platform for the Automatic Awareness Security System (AwAS), and to provide technical support for it.

IHH Healthcare said there have been discussions on the strategic directions of its investments in China but no decision has been made yet, in response to an article.

In corporate earnings, MPI, Genting Plantations, Hap Seng Plantations, D&O, Opcom, SAM Engineering, CMS, Favelle Favco, Freight Management chalked up better y-o-y quarterly earnings while MBM Resources, CCK, Aeon, FoundPac, Petron, Panasonic, OCK, UEM Sunrise, Allianz recorded weaker y-o-y quarterly results.

Meanwhile. JF Apex added that the FBM KLCI could remains sideways in the short term in the absence of fresh leads with its support level of 1,515 points.
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