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Trading ideas: HLFG, Sasbadi, UEM Edgenta, ECS ICT, Kronologi

TheStar Fri, Nov 03, 2017 08:55am - 2 years ago

KUALA LUMPUR: Hong Leong Financial Group Bhd (HLFG), Sasbadi Holdings Bhd , UEM Edgenta, ECS ICT and Kronologi Asia Bhd are among the stocks to watch on Friday, according to JF Apex Research.

The research house also expects Digi.Com Bhd , Ranhill, Rev Asia, Lustre Industries, Cuscapi, G Neptune and Daya Materials to generate trading interest following their latest corporate news.

HLFG plan to raise up to RM25bil via multi-currency perpetual note and RM3bil of commercial papers.

Sasbadi signed a distribution agreement with MCE the right to market and sell certain title published by MCE in Malaysia.

UEM Edgenta's shareholders may receive a special dividend from the disposal of its New Zealand Unit

ECS ICT post a net profit drop of 20.5% in 3Q while Knonologi Asia 3QFY17 net profit jump 66.5% year-on-year due to full consolidation of Quantum Storage (India).

Digi has appointed MOLPay and iPay88 as partners for its mobile payment called "vcash".

Ranhill's unit Ranhill Water Technologies has been summon to court due to unpaid fees of RMB19.94mil.

Rev Asia largest shareholder has reduce stake by 44.2% Luster Industries entered a joint venture agreement to develop a 3.6725 hectare price of land in Hulu Langat.

Cuscapi plan to cut its proposed share issue by one-third to RM53.2mil.

G Neptune share will be suspended on Wednesday if failed to submit FY17 annual report and Daya material entered a MoU with Huawei for future project collaboration.

Meanwhile, US markets climbed overnight to extend their record highs after Republican release tax-reform plan and Powell nomination to be seat for the next Fed chair.

Earlier, European stocks ended mixed following BOE raise interest rate for the first time since 2007.

“Following the mixed performance in the US and Europe, the FBM KLCI could remain sideways above the support of 1,740 points,” JF Apex said.

Related Stocks

APEX 1.030
DAYA 0.015
DIGI 4.150
GNB 0.055
HLFG 12.840
KRONO 0.670
LUSTER 0.125
REV 0.190
VSTECS 2.420


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