Trading ideas: Lafarge, MRCB, Hartalega, Benalec
LAFMSIA (3794), MRCB (1651), HARTA (5168), BENALEC (5190)
KUALA LUMPUR: JF Apex Research expects cement producer Lafarge, Malaysian Resources Corp Bhd (MRCB), glove maker Hartalega and reclamation speciaoist Benalec to see trading interest on Wednesday.
It said Lafarge’s third quarter net profit slumped 54% on-year because of lower revenue and higher operating cost arising from the increase in electricity tariff and fuel price.
As for MRCB, the group posted net profit of RM158mil in the nine months ended Sept 30, 2014 against a net loss of RM111mil a year ago on the back of contributions from newly acquired property development subsidiaries and disposal gain of DUKE highway. MRCB also announced that it has bagged a RM141m construction job.
JF Apex Research said Hartalega posted lower-than-expected net profit in the second quarter ended Sept 30, 2014.
Benalec made a turnaround with net profit of RM12.02mil against a RM4.65mil loss a year ago mainly due to recognition of land sales.
Overnight on Wall Street, US market ended at record highs with the S&P 500 up 0.51% to 2,051.80 and DJIA surged 0.23% to settle at 17,687.82.
Similarly, European market closed in positive territory as German ZEW indicator of economic sentiment beat expectations.
At Bursa Malaysia, the FBM KLCI surged 11.9 points or 0.66% to close at 1,818.38 on the back of bargain hunting on blue chips.
“The benchmark index is expected to trade positively today but any gains will be followed by profit taking and pull the index below our immediate resistance level of 1,830,” said JF Apex Research.
http://www.thestar.com.my
LAFMSIA (3794), MRCB (1651), HARTA (5168), BENALEC (5190)
KUALA LUMPUR: JF Apex Research expects cement producer Lafarge, Malaysian Resources Corp Bhd (MRCB), glove maker Hartalega and reclamation speciaoist Benalec to see trading interest on Wednesday.
It said Lafarge’s third quarter net profit slumped 54% on-year because of lower revenue and higher operating cost arising from the increase in electricity tariff and fuel price.
As for MRCB, the group posted net profit of RM158mil in the nine months ended Sept 30, 2014 against a net loss of RM111mil a year ago on the back of contributions from newly acquired property development subsidiaries and disposal gain of DUKE highway. MRCB also announced that it has bagged a RM141m construction job.
JF Apex Research said Hartalega posted lower-than-expected net profit in the second quarter ended Sept 30, 2014.
Benalec made a turnaround with net profit of RM12.02mil against a RM4.65mil loss a year ago mainly due to recognition of land sales.
Overnight on Wall Street, US market ended at record highs with the S&P 500 up 0.51% to 2,051.80 and DJIA surged 0.23% to settle at 17,687.82.
Similarly, European market closed in positive territory as German ZEW indicator of economic sentiment beat expectations.
At Bursa Malaysia, the FBM KLCI surged 11.9 points or 0.66% to close at 1,818.38 on the back of bargain hunting on blue chips.
“The benchmark index is expected to trade positively today but any gains will be followed by profit taking and pull the index below our immediate resistance level of 1,830,” said JF Apex Research.
http://www.thestar.com.my
