Trading ideas: George Kent, Dayang, Handal, Zecon
GKENT (3204), DAYANG (5141), HANDAL (7253), ZECON (7028)
KUALA LUMPUR: George Kent, Dayang Enterprise, Handal Resources and Zecon could see trading interest on Tuesday following the fresh corporate results but investor sentiment will be cautious after the selldown on Bursa Malaysia and overnight fall on Wall Street.
Sarawak-based Zecon Bhd has taken a RM595mil syndicated term loan facility for the RM606m Hospital Kanak-kanak Permata it is building and operating in Cheras, Kuala Lumpur.
George Kent's net profit for the third quarter ended Oct 31, 2014 (3QFY15) rose 2.26% to RM7.23m from RM7.07m in the previous corresponding quarter, largely due to the steady progress of the Ampang LRT line extension project.
For the nine-month period (9MFY15) net profit rose 11.66% to RM19.8mil from RM17.7mil in the previous corresponding period. Revenue for the period, however, slipped 1.49% to RM235.9m compared to RM239.5m in 9MFY14.
JF Apex Research expects Dayang to attract interest after the group won a RM280mil from Petronas Carigali to provide major modification works for the Bardegg-2 and Baronia EOR development.
Handal Resources bagged a contract extension from from Petronas Lubricants International Sdn Bhd worth RM4.5mil.
Overnight on Wall Street, US stocks finished lower overnight, topping off a wild ride that had the DJIA trading in a more than 300-point range on either side of neutral as investors monitored the price of oil.
http://www.thestar.com.my
GKENT (3204), DAYANG (5141), HANDAL (7253), ZECON (7028)
KUALA LUMPUR: George Kent, Dayang Enterprise, Handal Resources and Zecon could see trading interest on Tuesday following the fresh corporate results but investor sentiment will be cautious after the selldown on Bursa Malaysia and overnight fall on Wall Street.
Sarawak-based Zecon Bhd has taken a RM595mil syndicated term loan facility for the RM606m Hospital Kanak-kanak Permata it is building and operating in Cheras, Kuala Lumpur.
George Kent's net profit for the third quarter ended Oct 31, 2014 (3QFY15) rose 2.26% to RM7.23m from RM7.07m in the previous corresponding quarter, largely due to the steady progress of the Ampang LRT line extension project.
For the nine-month period (9MFY15) net profit rose 11.66% to RM19.8mil from RM17.7mil in the previous corresponding period. Revenue for the period, however, slipped 1.49% to RM235.9m compared to RM239.5m in 9MFY14.
JF Apex Research expects Dayang to attract interest after the group won a RM280mil from Petronas Carigali to provide major modification works for the Bardegg-2 and Baronia EOR development.
Handal Resources bagged a contract extension from from Petronas Lubricants International Sdn Bhd worth RM4.5mil.
Overnight on Wall Street, US stocks finished lower overnight, topping off a wild ride that had the DJIA trading in a more than 300-point range on either side of neutral as investors monitored the price of oil.
http://www.thestar.com.my
