Trading ideas: Kimlun, Velesto Energy, Citaglobal and SCIB

KUALA LUMPUR: There could be increased trading interest in Kimlun, Velesto Energy, Citaglobal and SCIB, said Apex Research.

Kimlun Corp Bhd secured a contract worth RM237.63 million to undertake main building works for two blocks of serviced apartments in Selangor.

Velesto Energy Bhd has won a contract worth RM50.26 million for its Naga 2 jack-up rig to drill five wells.

Citaglobal Bhd bagged a RM13.3 million contract to dismantle the balance of the power plant owned by Malakoff Corp Bhd.

Sarawak Consolidated Industries Bhd will be holding an EGM on June 28 to vote on the removal of three directors from its board.

Meanwhile, the US market rose overnight after the debt ceiling deal was resolved while investors anticipate the May jobs report which will be released later today.

Similarly, European markets advanced after euro zone inflation was lower than expected.

"Following the rebound in Wall Street, the FBM KLCI could trend sideways above its support of 1372 points," said Apex.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Trading ideas , Apex , Kimlun , Velesto Energy , Citaglobal , SCIB


Next In Business News

Asian stocks end grim Q3 on brighter note, rate worries linger
Government slaps anti-dumping duties on Japanese cold rolle coils - Miti
Malaysia's international reserves at US$112.46bil at end-August 2023
Reservoir Link Energy unit secures RM21mil contract for LSSPV plant works
Selling pressure intensifies on Bursa
TNB accelerates RE, clean energy initiatives through three flagship projects under NETR
No charges imposed on DuitNow QR merchants at present, says Maybank
Ringgit rises against US$ in early trade as risk appetite improves
Creador founder Brahmal partners Princeton to profile South Asian art
Sunway's industrial segment gains steam

Others Also Read