Trading ideas: Econpile, Eco World, Bina Puri, VSI, TRC
KUALA LUMPUR: JF Apex Research expects Econpile, Eco World, Bina Puri, VS Industry and TRC Synergy to see trading interest on Friday following the fresh corporate news.
It said Econpile secured a RM54.5mil contract for the earthworks, piling and basement structure works of a proposed mixed use development in Selangor.
As for Eco World Development, the group plans to launch property projects with a gross development value (GDV) of about £1.15bil (RM6.28bil) in the UK by year-end.
Bina Puri received a letter of award from the Energy, Green Technology and Water Ministry, to undertake a sewerage treatment plant contract valued at RM291.16mil.
VS Industry’s 2QFY15 net profit surged 386.85% o-year to RM18.3mil, lifted by higher sales and better sales mix contributed by its Malaysian operations.
JF Apex Research said TRC secured a RM53.94mil contract to build houses in Precint 8, Putrajaya.
Overnight on Wall Street, US markets closed mildly lower following the war in Yemen and spike in oil price. Similarly, European stocks were also lower following the geopolitical tension in the Middle East.
At Bursa Malaysia, the FBM KLCI ended flat after shedding 0.68 of a point to 1,818.42.
“Following the lacklustre performance in the US, we expect the KLCI to remain sideways below the resistance of 1,830,” it said.
http://www.thestar.com.my
KUALA LUMPUR: JF Apex Research expects Econpile, Eco World, Bina Puri, VS Industry and TRC Synergy to see trading interest on Friday following the fresh corporate news.
It said Econpile secured a RM54.5mil contract for the earthworks, piling and basement structure works of a proposed mixed use development in Selangor.
As for Eco World Development, the group plans to launch property projects with a gross development value (GDV) of about £1.15bil (RM6.28bil) in the UK by year-end.
Bina Puri received a letter of award from the Energy, Green Technology and Water Ministry, to undertake a sewerage treatment plant contract valued at RM291.16mil.
VS Industry’s 2QFY15 net profit surged 386.85% o-year to RM18.3mil, lifted by higher sales and better sales mix contributed by its Malaysian operations.
JF Apex Research said TRC secured a RM53.94mil contract to build houses in Precint 8, Putrajaya.
Overnight on Wall Street, US markets closed mildly lower following the war in Yemen and spike in oil price. Similarly, European stocks were also lower following the geopolitical tension in the Middle East.
At Bursa Malaysia, the FBM KLCI ended flat after shedding 0.68 of a point to 1,818.42.
“Following the lacklustre performance in the US, we expect the KLCI to remain sideways below the resistance of 1,830,” it said.
http://www.thestar.com.my
