Trading ideas: MR DIY Group (M) Bhd, Sapura Energy, MyNews, Crescendo, PPT Synergy

KUALA LUMPUR: Stocks to watch for on Thursday include MR DIY Group (M) Bhd, Sapura Energy, MyNews, Crescendo, PTT Synergy, said Apex Research.

Tanco Holdings Bhd secured a RM43.37 million contract in relation to the construction of the East Coast Rail Link Project (ECRL).

Long-time investor of MR DIY Group (M) Bhd, Creador, is to offload its entire 4.92% equity interest in the home improvement retailer for RM664.24 million.

Sapura Energy Bhd posted a net loss of RM3.3 billion in its 4Q2023.

MyNews Holdings Bhd’s net loss more than halved to RM3.21 million for 1QFY2023.

Crescendo Corp Bhd has reported a net loss of RM3.63 million for 4QFY2023.

PTT Synergy Group Bhd is acquiring construction firm Pembinaan Tetap Teguh Sdn Bhd (PTTSB) from its major shareholders and directors for RM152 million.

Meanwhile, Apex said the FBM KLCI could continue to extend its gains towards the resistance of 1,431 points following the bullish performance on Wall Street.

The US market rose overnight following weekly jobless claims data and improved sentiment in the banking sector.

Similarly, European stocks ended higher due to investor confidence in health of the financial industry.

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