Trading ideas: OSK Holdings, Gas Malaysia, MMHE, Eversendai
KUALA LUMPUR: JF Apex Research expects OSK Holdings Bhd , Gas Malaysia Bhd , Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) and Eversendai Corp Bhd to be among the stocks to watch following their latest corporate news.
OSK Holdings has permanently scrapped the listing of its indirect subsidiary OCC Cables Ltd on the Main Board of The Stock Exchange of Hong Kong Ltd (HKEx), citing "continuous adverse global market conditions".
Gas Malaysia will raise the average natural gas base tariff for the non-power sector in Peninsular Malaysia to RM32.69 per million british thermal units (MMBtu) from Jan 1 to June 30 next year, up from the current RM31.92 per MMBtu.
MMHE in a consortium with UK-based TechnipFMC plc, has bagged a six-year contract from Saudi Arabian Oil Co (Saudi Aramco) to undertake engineering, procurement, fabrication, transportation, and installation of offshore facilities within Saudi Arabia waters.
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