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Gadang staying resilient despite setbacks
PETALING JAYA: Gadang Holdings Bhd could face challenges in replenishing its orderbook, having been unsuccessful in securing significant construction contracts for a few years.
Trading ideas: Fintec, Pasukhas, See Hup, Chin Hin, Pimpinan Ehsan, Power Root
KUALA LUMPUR: Stocks to watch on Friday include Fintec Global Bhd, Pasukhas Group Bhd, See Hup Consolidated Bhd, Chin Hin Group Property Bhd, Pimpinan Ehsan Bhd and Power Root Bhd, according to JF Apex Research.
FBM KLCI advances on window-dressing activity
KUALA LUMPUR: Bursa Malaysia opened the week higher after a long weekend, bolstered by window-dressing activity.
Supportline
MALAYSIAN Resources Corp Bhd made a challenge to the immediate resistance yesterday as it attempted to resume an uptrend.
Gadang’s earnings forecast cut on fewer projects ahead
PETALING JAYA: Gadang Holdings Bhd’s weaker-than-expected first quarter results, coupled with a challenging outlook, have prompted TA Securities to trim its earnings forecasts for the construction and property development company.
Trading ideas: Kerjaya Prospek, Mah Sing, Kumpulan Powernet, Ekovest, Hua Yang
KUALA LUMPUR: Stocks to watch on Thursday include Kerjaya Prospek Group Bhd, Mah Sing Group Bhd, Kumpulan Powernet Bhd, Ekovest Bhd and Hua Yang Bhd, accrording to JF Apex Research.
Eye on stock - Gadang Holdings
GADANG Holdings Bhd (stock code: 9261) bounced higher on Thursday in a positive reversal of momentum to halt the correction phase
Gadang expected to secure more contracts
KUALA LUMPUR: As construction activities pick up gradually following the easing of the lockdown, Gadang Holdings Bhd is expected to secure more contracts
Short Position - More provisions from Bumi Armada?
BUMI Armada Bhd, the service provider to oil and gas companies, has provided for no less than RM5.8bil as impairments for its assets since the financial year 2016. The bulk of the provisioning was taken up at the group level.
