Trading ideas: Nestcon, Serba Dinamik, Berjaya, Kelington, Haily and Tex Cycle Technology

KUALA LUMPUR: Stocks that could see increased investor attention include Nestcon, Serba Dinamik, Berjaya, Kelington, Haily and Tex Cycle Technology, said Apex Research.

The research frim said Nestcon Bhd secured a RM200mil contract to build a 47-storey mixed commercial development comprising 320 serviced apartment and 354 strata office with facilities.

The High Court has allowed the petition made by six financial institutions to wind up Serba Dinamik Holdings Bhd and its three subsidiaries with debts of RM5bil.

Berjaya Corp Bhd says that it is in the midst of negotiations for the proposed acquisition of a controlling stake in MCIS Insurance Bhd.

Kelington Group has bagged a RM170mil contract from “a global supplier of micro-electronic semiconductor solutions” to undertake construction works at an integrated chip manufacturing facility in Kuching.

Haily Group Bhd’s has secured a RM37.85mil contract to construct 77 units of three-storey shop offices.

Tex Cycle Technology (M) Bhd has proposed to dispose of two detached factories in Puchong for RM19 million, which is expected to result in a gain on disposal of approximately RM13.72 million.

Meanwhile, Apex said the FBM KLCI could remain buoyed and prepare to challenge the resistance of 1,500 points following the gains on Wall Street.

The US market rose overnight as investors wait for today's inflation report and major bank results tomorrow.

Earlier, European stocks declined after the Federal Reserve chairman's speech did not give any hints on the interest rate path.

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