Trading ideas: Jiankun, AIM, PLS Plantations, Duopharma Biotech, T7 Global, Uzma and Yinson


KUALA LUMPUR: Stocks that could see buying interest on Thursday include Jiankun, AIM, PLS Plantations, Duopharma Biotech, T7 Global, Uzma and Yinson, said Apex Research.

Jiankun International Bhd’s single largest shareholder Advance Information Marketing Bhd (AIM) has ceased to be its substantial shareholder due to the dilution of shareholding arising from Jiankun’s private placement exercise.

PLS Plantations Bhd has proposed a placement of up to 56.24 million new shares at 95 sen per share to meet its public shareholding spread.

Duopharma Biotech Bhd has received another contract extension for the supply of pharmaceutical and non-pharmaceutical products to hospitals and clinics.

T7 Global Bhd’s units have secured two letters of award (LOA), worth approximately RM100 million in total.

Uzma Bhd has bagged a contract from Sarawak Shell Bhd worth US$9.3 million (RM40 million).

Yinson Holdings Bhd's contract for the operation of a floating, production and storage and offloading asset for the Agogo Integrated West Hub development project in Angola has been extended.

Meanwhile, Apex said the FBM KLCI could continue to take a breather with some profit-taking activities in tandem with a lack of momentum from Wall Street and consolidate below the resistance of 1,500 points.

It said the US market has lack of momentum as a string of corporate earnings ran the gamut from downbeat to dismal, reviving worries over the economic impact of the U.S. Federal Reserve's restrictive policy.

Earlier, European markets closed lower following a loss in the previous session, despite data showing improved business sentiment in Germany and an uptick in eurozone services and manufacturing activity.

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