Trading ideas: Mudajaya, Parkson, Persona, Halex, Kuantan Flour Mills
Monday, 23 March 2015
KUALA LUMPUR: JF Apex Research expects Mudajaya, Parkson Holdings, Persona, Halex and Kuantan Flour Mills to see trading interest on Monday.
It said Mudajaya has announced that it has uncovered irregular transactions in its books involving a former employee, which led to enlarged costs incurred on a specific project.
Parkson Holdings has issued a statement to calm investors, after the company’s shares came under selling pressure over the last few days.
Persona is tipped to be the frontrunner for a contract worth RM250mil in the Klang Valley.
JF Apex Research pointed out Halex is acquiring the remaining shares it does not own in its 25%-owned associate company Kensington Development Sdn Bhd, to diversify into property development.
Kuantan Flour Mills’ proposed reverse takeover (RTO) exercise of water filtration systems provider NEP Holdings (M) Bhd (NEP) has been terminated, as both parties were not able to execute the definitive agreement by the agreed deadline.
JF Apex Research also said MRCB, Gamuda, MMC, Sunway, WCT could see trading interest on news these groups are being shortlisted for the PDP role in LRT 3.
On Wall Street last Friday, US markets were volatile as stocks rallied following the dollar's depreciation. Similarly, European equities jumped with UK's FTSE100 hitting record high on hopes of positive development in Greece's bailout.
“On the local market, the FBM KLCI lost 5.48 points to 1,803.65. Following the bullish performance in the US, we expect the FBM KLCI to remain buoyant above 1,800,” JF Apex Research said.
http://www.thestar.com.my
Monday, 23 March 2015
KUALA LUMPUR: JF Apex Research expects Mudajaya, Parkson Holdings, Persona, Halex and Kuantan Flour Mills to see trading interest on Monday.
It said Mudajaya has announced that it has uncovered irregular transactions in its books involving a former employee, which led to enlarged costs incurred on a specific project.
Parkson Holdings has issued a statement to calm investors, after the company’s shares came under selling pressure over the last few days.
Persona is tipped to be the frontrunner for a contract worth RM250mil in the Klang Valley.
JF Apex Research pointed out Halex is acquiring the remaining shares it does not own in its 25%-owned associate company Kensington Development Sdn Bhd, to diversify into property development.
Kuantan Flour Mills’ proposed reverse takeover (RTO) exercise of water filtration systems provider NEP Holdings (M) Bhd (NEP) has been terminated, as both parties were not able to execute the definitive agreement by the agreed deadline.
JF Apex Research also said MRCB, Gamuda, MMC, Sunway, WCT could see trading interest on news these groups are being shortlisted for the PDP role in LRT 3.
On Wall Street last Friday, US markets were volatile as stocks rallied following the dollar's depreciation. Similarly, European equities jumped with UK's FTSE100 hitting record high on hopes of positive development in Greece's bailout.
“On the local market, the FBM KLCI lost 5.48 points to 1,803.65. Following the bullish performance in the US, we expect the FBM KLCI to remain buoyant above 1,800,” JF Apex Research said.
http://www.thestar.com.my
