Trading ideas: Gamuda, MMC, Kimlun, Opcom


  • Analyst Reports
  • Thursday, 02 Jan 2014

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects Gamuda, MMC Corporation, Kimlun and Opcom to see trading interest on Thursday.

It said Gamuda and MMC were reported to be mulling over a proposal to jointly take over KTM Bhd, the national railway company, in a deal worth more than RM5b.

As for Kimlun, it was awarded a construction job in Johor valued at RM115mil.

Opcom secured a RM43mil contract from Telekom Malaysia for the manufacture, supply and delivery of optical fiber cables.

On the market action, HDBSVR said following a buoyant December performance – which saw the key FBM KLCI rising 54.2 points or 3.0% – presumably on the back of window-dressing activity, “we reckon the bellwether may start the New Year on a weaker note today”.

“From a technical perspective, the benchmark index could pull back towards the immediate support level of 1,860,” it added.

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