Trading ideas: DNeX, KPS, MRCB-George Kent, Gas Malaysia, Press Metal
KUALA LUMPUR: Dagang Nexchange Bhd (DNeX), Kumpulan Perangsang Selangor Bhd (KPS), MRCB-George Kent, Gas Malaysia Bhd and Press Metal Aluminium Holdings Bhd are among the stocks to watch, according to JF Apex Research.
DNeX said its unit has won two contracts worth an aggregate sum of US$2.78mil or RM11.55mil to repair submarine cables laid in the Philippines and Indonesian water.
Kumpulan Perangsang Selangor said its 51%-owned subsidiary Aqua-Flo Sdn Bhd has bagged a RM162.5mil contract from Pengurusan Air Selangor Sdn Bhd to supply and deliver chemicals.
MRCB- George Kent said the Government has agreed to continue with the Light Rail Transit Line 3 (LRT3) project at a cost of RM16.6bil — just slightly more than half of the earlier cost of RM31.45bil in July.
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