Trading ideas: MRCB, Teo Seng, Pelikan, Tambun Indah, Genting
KUALA LUMPUR: JF Apex Research expects MRCB, poultry-based Teo seng Capital, Pelikan, Tambun Indah Land, Genting Bhd and Hong Leong Industries to see trading action on Wednesday.
It said MRCB was pre-qualified for the construction of RM800mil incinerator project in Kepong.
As for Teo Seng, the group has proposed a special dividend of 5 sen a share and bonus issue on a one-for-two basis.
JF Apex Research said Pelikan is streamlining its business by injecting its assets from Pelikan’s worldwide stationery business into its German unit, Herlitz and subsequently will raise up to RM390m for the group.
Tambun Indah terminated the sales and purchase agreement to acquire the 210 acres of landbank in Seberang Perai for RM150mil.
Hong Leong Industries reported net income rose 33% on-year foor the first quarter ended Sept 30, 2014 thanks to favourable sales mix and lower production costs coupled with a gain of redemption of unit trust.
Genting’s subsidiary Genting Singapore’s Q3 core profit slumped 27% on-year due to lower gaming revenue.
On Wall Street, US stocks closed around highs overnight as investors found little impetus to move decisively in one direction or the other. The movement was enough to push the Dow and S&P 500 up one point each to a record. Similarly, European stocks ended the day in the green after fluctuating throughout the day.
“On the local bourse, the FBM KLCI dropped 2.82 points to close at 1,825.11. Asian indices appear set for a mixed start today amid an absence of strong leads from Wall Street. We expect the KLCI to remain lacklustre, below the resistance of 1,830,” said JF Apex Research.
http://www.thestar.com.my
KUALA LUMPUR: JF Apex Research expects MRCB, poultry-based Teo seng Capital, Pelikan, Tambun Indah Land, Genting Bhd and Hong Leong Industries to see trading action on Wednesday.
It said MRCB was pre-qualified for the construction of RM800mil incinerator project in Kepong.
As for Teo Seng, the group has proposed a special dividend of 5 sen a share and bonus issue on a one-for-two basis.
JF Apex Research said Pelikan is streamlining its business by injecting its assets from Pelikan’s worldwide stationery business into its German unit, Herlitz and subsequently will raise up to RM390m for the group.
Tambun Indah terminated the sales and purchase agreement to acquire the 210 acres of landbank in Seberang Perai for RM150mil.
Hong Leong Industries reported net income rose 33% on-year foor the first quarter ended Sept 30, 2014 thanks to favourable sales mix and lower production costs coupled with a gain of redemption of unit trust.
Genting’s subsidiary Genting Singapore’s Q3 core profit slumped 27% on-year due to lower gaming revenue.
On Wall Street, US stocks closed around highs overnight as investors found little impetus to move decisively in one direction or the other. The movement was enough to push the Dow and S&P 500 up one point each to a record. Similarly, European stocks ended the day in the green after fluctuating throughout the day.
“On the local bourse, the FBM KLCI dropped 2.82 points to close at 1,825.11. Asian indices appear set for a mixed start today amid an absence of strong leads from Wall Street. We expect the KLCI to remain lacklustre, below the resistance of 1,830,” said JF Apex Research.
http://www.thestar.com.my
