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Trading ideas: WCT, Lafarge, Gabungan AQRS, Kumpulan Jetson

TheStar Fri, Jul 13, 2018 09:05am - 1 year ago

KUALA LUMPUR: WCT Holdings Bhd , Lafarge Malaysia Bhd , Gabungan AQRS Bhd and Kumpulan Jetson Bhd are among the stocks to watch, according to JF Apex Research.

WCT Holdings has bagged a RM555mil contract from Lendlease Projects (M) Sdn Bhd for a proposed mixed development in the Tun Razak Exchange (TRX) Lifestyle Quarter.

Lafarge Malaysia’s RM270mil supply contract for proposed ECRL project has been suspended by China Construction (ECRL) Sdn Bhd.

Gabungan AQRS 2QFY18’s profit doubled to RM19.1mil from RM7.23mil a year ago. Its quarterly revenue jumped 134% year-on-year to RM187.19mil from RM79.83mil previously.

Kumpulan Jetson’s wholly-owned subsidiary Jetson Construction Sdn Bhd has bagged a contract worth RM88.03mil to build four blocks of serviced apartment at Jalan Yap Kwan Seng.

Meanwhile, US markets rebounded overnight with tech-heavy Nasdaq index surged to its all time high.

European stocks also rebounded and closed higher as investor consolidated steep losses from the previous session.

JF Apex expects profit taking activities to kick in today following the recent rally.


Related Stocks

APEX 0.890
JETSON 0.135
WCT 0.895


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