Trading ideas: Can-One, Kian Joo, Daya Materials, SILK

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects Can-One, Kian Joo Can Factory, Daya Materials and SILK Holdings to see trading interest on Monday.

A news report stated Can-One, the major shareholder of Kian Joo Can Factory, was could be keen to privatise the latter.

As for Daya Materials, it was reported the company was close to securing oil & gas contracts in the North Sea for its chartered vessel.

SILK Holdings was awarded a contract by Sarawak Shell for the provision of one anchor handling tug supply vessel valued at RM82m.

As for Wall Street, it weakened last Friday when its key bellwethers slipped between 0.1% and 0.3% at the closing bell. Essentially, sentiment was dragged by continued fears of an early reduction in US monetary stimulus and slow corporate earnings momentum.

"Still, we reckon there could be muted spillover effects on our Malaysian bourse ahead. On the chart, the benchmark FBN KLCI will probably find immediate support at the 1,785 level," it said.

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Trading ideas , Can-One , Kian Joo , Daya Materials , SILK


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