Trading ideas: ManagePay, Yee Lee, Matrix Concepts, GBH
Wednesday, 22 April 2015
KUALA LUMPUR: JF Apex Research expects ManagePay Systems, Yee Lee and Matrix Concepts to attract trading interest on Wednesday.
Also in focus could be Goh Ban Huat after announcing a special dividend of 12 sen per share.
JF Apex Research said ManagePay Systems has registered as a UnionPay third party service provider.
Yee Lee will take over the exclusive distributorship for “Red Bull” energy drinks in Malaysia from Aug 1, from beverage maker Fraser & Neave Holdings Bhd (F&N).
Matrix Concepts proposed to buy a 5.8-acre (2.3ha) site in Puchong, Selangor, for RM95mil
beside SetiaWalk. It intends to enhance the development project’s residential density, which has a gross development value (GDV) of more than RM500mil.
Overnight on Wall Street, US markets were mixed with the Dow and S&P falling on corporate earnings while Nasdaq climbed as biotech stocks advanced. Meanwhile, European equities rose despite concerns on Greece's debt crisis.
“The FBM KLCI surged 14.14 points to 1862.80, in line with Asian markets following China's stimulus plan.
“Following the lacklustre performance in the US, we expect the KLCI to be mild today after breaking its resistance of 1,860,” it said.
http://www.thestar.com.my
Wednesday, 22 April 2015
KUALA LUMPUR: JF Apex Research expects ManagePay Systems, Yee Lee and Matrix Concepts to attract trading interest on Wednesday.
Also in focus could be Goh Ban Huat after announcing a special dividend of 12 sen per share.
JF Apex Research said ManagePay Systems has registered as a UnionPay third party service provider.
Yee Lee will take over the exclusive distributorship for “Red Bull” energy drinks in Malaysia from Aug 1, from beverage maker Fraser & Neave Holdings Bhd (F&N).
Matrix Concepts proposed to buy a 5.8-acre (2.3ha) site in Puchong, Selangor, for RM95mil
beside SetiaWalk. It intends to enhance the development project’s residential density, which has a gross development value (GDV) of more than RM500mil.
Overnight on Wall Street, US markets were mixed with the Dow and S&P falling on corporate earnings while Nasdaq climbed as biotech stocks advanced. Meanwhile, European equities rose despite concerns on Greece's debt crisis.
“The FBM KLCI surged 14.14 points to 1862.80, in line with Asian markets following China's stimulus plan.
“Following the lacklustre performance in the US, we expect the KLCI to be mild today after breaking its resistance of 1,860,” it said.
http://www.thestar.com.my
