Trading ideas: Yinson, SYF Resources, BAuto, Vortex, EIG, FGV

TheStar Tue, Mar 17, 2020 09:02am - 4 years View Original


KUALA LUMPUR: Stocks to watch on Tuesday include Yinson Holdings Bhd, SYF Resources Bhd, BERMAZ AUTO BHD (BAuto), Vortex Consolidated Bhd, ESTHETICS INTERNATIONAL GROUP Bhd (EIG) and FGV Holdings Bhd, according to JF Apex Research.

Yinson said its Vietnam joint venture (JV) PTSC Asia Pacific Pte Ltd (PTSC AP) has entered into a bareboat charter contract worth US$122.87mil (RM528.34mil) with Petrovietnam Technical Services Corp (PTSC) commencing from July 1,2017 to June 30,2021.

SYF Resources is selling a parcel of freehold land it owns in Semenyih via a wholly-owned subsidiary for RM33.65mil, which will book it an estimated net gain of RM1.37mil.

Bermaz Auto saw its net profit slump 66.5% year-on-year for its 3QFY20 largely due to lower profit contribution from domestic operations and lower share of profit contribution from its associate company, Mazda Malaysia Sdn Bhd (MMSB).

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