Trading ideas: Alam Maritim, KNM, Protasco, Zelan
KUALA LUMPUR: JF Apex Research expects Alam Maritim Resources Bhd , KNM Group Bhd , Protasco Bhd and Zelan Bhd to be among the stocks to watch on Tuesday.
Alam Maritim has secured an RM40mil four-year contract to provide underwater inspection services for Carigali Hess Operating Co Sdn Bhd facilities.
KNM has launched arbitration proceedings against Lukoil Uzbekistan Operating Company LLC for over US$96mil in unpaid works it carried out as a contractor in gas-condensate fields in Uzbekistan since Dec 3, 2010.
Protasco has filed a law suit against its former sub-contractor Kuasatek (M) Sdn Bhd for a breach of contract.
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