Trading ideas: Plantation counters, MISC, IGB REIT, Lagenda, Bina Darulaman, Tek Seng, FGV

TheStar Mon, Nov 02, 2020 09:10am - 3 years View Original


KUALA LUMPUR: Plantation counters, MISC Bhd, IGB Real Estate Investment Trust, Lagenda Properties Bhd, Bina Darulaman Bhd, Tek Seng Holdings Bhd and FGV Holdings Bhd are among the stocks to watch on Monday, according to JF Apex Research.

The research house also expect CME Group Bhd, Focus Dynamics Group Bhd, Saudee Group Bhd, AE Multi Holdings Bhd and Notion VTEC Bhd to see trading interests following their last corporate news.

Plantation counters which have substantial business exposures in Indonesia as the government is looking at raising its export levy on crude palm oil (CPO).

Bloomberg reported that Indonesian authorities are looking to apply a progressively escalating levy when CPO prices have exceeded US$695, or around RM2,810, a tonne.

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