Trading ideas: MyEG, Chin Teck, AirAsia X, MPI
KUALA LUMPUR: JF Apex Research expects MyEG Services, Chin Teck Plantations, AirAsia X and MPI to be among the stocks to watch on Thursday following the fresh corporate news.
It said MyEG clarified that the government would bear the RM35 fee charged by the company for online renewal of foreign workers’ permit.
Chin Teck Plantations posted weaker earnings partly because its harvesting activities were affected by the unrest in the villages near its plantations in Indonesia.
AirAsia X fixed the issue price of 22 sen apiece for the rights shares at an entitlement basis of three rights share for every four existing AAX shares. The exercise price of the warrants was fixed at 46 sen each at an entitlement basis of one warrant for every two rights shares subscribed by the entitled shareholders.
JF Apex Research said MPI’s 3QFY15 net profit rose 187.6% on-year on higher sales of smartphones, strong US dollar and lower material costs.
Overnight on Wall Street, US markets ended lower following a weaker first quarter GDP of 0.2%, below the estimate of 1.0%. Similarly, European equities tumbled after a sharp gain in the Euro currency.
“Back home, the FBM KLCI lost 12.13 points to 1,842.93 to extend its losing streak.
“The decline broke the uptrend since March and we expect the index to find support at 1,830,” it said.
http://www.thestar.com.my
KUALA LUMPUR: JF Apex Research expects MyEG Services, Chin Teck Plantations, AirAsia X and MPI to be among the stocks to watch on Thursday following the fresh corporate news.
It said MyEG clarified that the government would bear the RM35 fee charged by the company for online renewal of foreign workers’ permit.
Chin Teck Plantations posted weaker earnings partly because its harvesting activities were affected by the unrest in the villages near its plantations in Indonesia.
AirAsia X fixed the issue price of 22 sen apiece for the rights shares at an entitlement basis of three rights share for every four existing AAX shares. The exercise price of the warrants was fixed at 46 sen each at an entitlement basis of one warrant for every two rights shares subscribed by the entitled shareholders.
JF Apex Research said MPI’s 3QFY15 net profit rose 187.6% on-year on higher sales of smartphones, strong US dollar and lower material costs.
Overnight on Wall Street, US markets ended lower following a weaker first quarter GDP of 0.2%, below the estimate of 1.0%. Similarly, European equities tumbled after a sharp gain in the Euro currency.
“Back home, the FBM KLCI lost 12.13 points to 1,842.93 to extend its losing streak.
“The decline broke the uptrend since March and we expect the index to find support at 1,830,” it said.
http://www.thestar.com.my
