Trading ideas: Ranhill, Hua Yang, Ikhmas Jaya, Tek Seng
KUALA LUMPUR: JF Apex Research expects Ranhill Holdings Bhd , Hua Yang Bhd , Ikhmas Jaya Group Bhd and Tek Seng Holdings Bhd to be among the stocks to watch following their latest news.
Ranhill Holdings, via its associate Perunding Ranhill Worley Sdn Bhd (PRW), has won a contract from Kebabangan Petroleum Operating Co Sdn Bhd (KPOC) to provide engineering support and design services to the KPOC-Kebabangan northern hub platform in Sabah.
Hua Yang’s 1QFY19 net profit declined 45.5% year-on-year, owing to higher finance costs.
Ikhmas Jaya has bagged a subcontract worth RM78mil for the construction of a marine bridge under the Seri Tanjung Pinang development in Penang.
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