Trading ideas: Mah Sing, Hong Seng, AWC, Rohas, Advancecon

KUALA LUMPUR: Stocks to watch on Friday include Mah Sing Group Bhd, Hong Seng Consolidated Bhd, AWC Bhd, Rohas Tecnic Bhd and Advancecon Holdings Bhd, according to JF Apex Research.

Mah Sing’s healthcare business unit Mah Sing Healthcare Sdn Bhd has obtained the Certificate of European Union Medical Device Regulation notification from its authorised representative Obelis European Authorized Representative Centre that its nitrile examination gloves have fulfilled the relevant requirements of Regulation (EU) 2017/745.

Hong Seng has proposed a bonus issue of 3.52 billion new shares on the basis of one bonus share for every existing one share held.

AWC has secured a letter of award from the Ministry of Health for a five-year contract to provide hospital support services valued at RM106.04mil.

Rohas Tecnic has secured an RM85.15mil contract from the Selangor government.

The job involves the construction of pumping stations at two existing retention ponds and lay water pipelines, to convey the water to the Semenyih Water Treatment Plant intake.

Advancecon has secured another contract worth about RM33.2mil to provide quarry operations and ancillary works at a site in Kinta, Perak.

Solarvest has secured an engineering, procurement, construction and commissioning (EPCC) contract worth RM87.5mil from Energy ES Sdn Bhd.

Spritzer announced that a factory of one of its subsidiaries, Chuan Sin Sdn Bhd (CS), in Shah Alam was affected by flooding over the weekend.

Aeon Credit said its third quarter net profit jumped 145.5% year-on-year to RM103.46mil, on lower financing receivables after allowance for impairment losses.

Meanwhile, the US market is on a 3-day winning streak with the S&P hitting a record high as stocks extended their rebound from Omicron fears while economic data showed a strong economy with improving labor and spending trends, but inflation at uncomfortable levels.

Similarly, European stocks climbed after a study suggested a lower hospitalisation rate for Omicron.

“Following the positive momentum, the FBM KLCI could extend its rebound towards the resistance of 1,530 points,” JF Apex said.

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Mah Sing , Hong Seng , AWC , Solarvest , Advancecon


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