Trading ideas: Gamuda, QES Group, Wah Seong, Muhibbah, Sunview, KNM

KUALA LUMPUR: Stocks to watch on Thursday include Gamuda Bhd, QES Group Bhd, Wah Seong Corp Bhd, Muhibbah Engineering (M) Bhd, Sunview Group Bhd, KNM Group Bhd and Classita Holdings Bhd (formerly known as Caely Holdings Bhd), according to Apex Securities.

Gamuda plans to acquire a 30% stake in ERS Energy Sdn Bhd for RM200mil.

QES Group has secured approval to transfer of its listing to the Main Market of Bursa Malaysia.

Wah Seong has secured a contract worth RM557.65mil for the supply of certain floating production storage and offloading (FPSO) modules by Yinson.

Muhibbah has secured a RM322mil contract from Petronas Carigali.

Sunview was awarded a RM120mil engineering, procurement, construction and commissioning (EPCC) contract relating to a solar energy-generating facility located in Bestari Jaya, Selangor.

KNM has defaulted on three credit facilities totalling RM417.6mil on Dec 1.

The MACC has unfrozen the bank accounts of troubled lingerie maker Classita Holdings Bhd (formerly known as Caely Holdings Bhd).

Overnight, the US market was mixed overnight with the Dow ending flat while the S&P and Nasdaq declined as investors await the jobless claims data later today.

The Dow Jones Industrial Average eked out a gain of 1.58 points, roughly flat, to finish the session at 33,597.92.

The S&P slipped 0.19% to end the session at 3,933.92 while the Nasdaq Composite fell 0.51% to end at 10,958.55.

Earlier, European stocks declined over renewed fears of a global recession.

“Following the recent bearish sentiment, the FBM KLCI could test the support of 1,465 points,” Apex said.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Gamuda , Wah Seong , Muhibbah , Sunview , KNM


Next In Business News

Exciting deals at Sunway Theme Parks Mega Roadshow
CPO futures likely to trade in yo-yo mode next week
Maybe Apple’s weakness isn’t just supply chain woes
Good news for the global economy
BP, Chubu Power to study CCS project at Nagoya
Short Position: Private equity exits, Managing cyber threats, Don’t kick the can down the road
Bonds surge as traders call time on hikes
Central banks continue fight against inflation
Defining market manipulation
Lee Chun Fai redesignated as IJM CEO and MD

Others Also Read