Trading ideas: Benalec, Advance Synergy, Sime Darby, Brahim's
BENALEC (5190), ASB (1481), SIME (4197), BRAHIMS (9474)
KUALA LUMPUR: JF Apex Research expects Benalec, Advances Synergy, Sime Darby and Brahim’s Holdings to see trading interest on Wednesday following the fresh corporate news.
It said Benalec has disposed of nine pieces of reclaimed land in Melaka for RM107mil.
As for Advance Synergy, it plans to buy a 50% stake in South Korea based company for RM2.8mil to venture into travel and tour packages and products.
Meanwhile, Sime Darby is selling a controlling 55% stake in China-based palm oil refining unit for RM45mil.
Brahim's plans to develop an abattoir, designed to meet all China, European Union and the US Halal requirements, in partnership with Australia's Carpenter Beef Pty Ltd (CB).
Overnight on Wall Street, US stocks rose on Tuesday, with the Dow striking another peak, as investors cheered better-than-expected November automobile sales..
“We continue to see bargain hunting to lift the local bourse today following yesterday’s surge of 7.70 points to 1,785.97.
“This is also in line with improved sentiment in overseas markets. Hence, the local benchmark index could retest our resistance level of 1,800,” it said.
http://www.thestar.com.my
BENALEC (5190), ASB (1481), SIME (4197), BRAHIMS (9474)
KUALA LUMPUR: JF Apex Research expects Benalec, Advances Synergy, Sime Darby and Brahim’s Holdings to see trading interest on Wednesday following the fresh corporate news.
It said Benalec has disposed of nine pieces of reclaimed land in Melaka for RM107mil.
As for Advance Synergy, it plans to buy a 50% stake in South Korea based company for RM2.8mil to venture into travel and tour packages and products.
Meanwhile, Sime Darby is selling a controlling 55% stake in China-based palm oil refining unit for RM45mil.
Brahim's plans to develop an abattoir, designed to meet all China, European Union and the US Halal requirements, in partnership with Australia's Carpenter Beef Pty Ltd (CB).
Overnight on Wall Street, US stocks rose on Tuesday, with the Dow striking another peak, as investors cheered better-than-expected November automobile sales..
“We continue to see bargain hunting to lift the local bourse today following yesterday’s surge of 7.70 points to 1,785.97.
“This is also in line with improved sentiment in overseas markets. Hence, the local benchmark index could retest our resistance level of 1,800,” it said.
http://www.thestar.com.my
