Trading ideas: OCR, GDB, FGV, Ranhill Utilities, Muar Ban Lee

TheStar Mon, Jun 22, 2020 09:05am - 3 years View Original


KUALA LUMPUR: JF Apex Research expects Key Alliance Group Bhd, OCR Group Bhd, FGV Holdings Bhd, Ranhill Utilities Bhd, GDB Holdings Bhd and Muar Ban Lee Group Bhd to be among the stocks to watch on Monday.

Key Alliance has obtained first stage approval to be legally allowed to market, distribute and sell the Care Gene Covid-19 Polymerase Chain Reaction (PCR) test kits manufactured by Well Bio Inc, Korea.

OCR’s 40%-owned associate company Landasan Surimas Sdn Bhd has inked an agreement with Perbadanan Kemajuan Negeri Pahang to set up a 70:30 joint venture named Taraf Raya to provide mechanical and civil works relating to the East Coast Rail Link (ECRL) project within Pahang.

GDB's net profit for 1QFY20 fell 18.7% year-on-year, due to higher profit recognition from completed projects in the preceding financial period, lower interest income, and higher administrative and other expenses incurred for the current financial period under review.

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