Trading ideas: KomarkCorp, Gets Global, Handal, Greatech, Managepay

TheStar Wed, Oct 21, 2020 09:05am - 6 months ago

KUALA LUMPUR: JF Apex Research expects Komarkcorp Bhd, GETS Global Bhd, Handal Energy Bhd, Greatech Technology Bhd, Managepay Systems Bhd, Sime Darby Bhd and Astral Asia Bhd to be among the stocks to watch on Wednesday.

Komarkcorp has received its ISO accreditation from the regulators, confirming its premises, facilities and manufacturing standards are in accordance with the requirements of the International Quality Management System for Medical Devices.

The group will now be a fully accredited manufacturer of disposable surgical face masks, and will look to accelerate its rollout plan to increase production and launch its own brand.

Gets Global, whose share price surged over 35% in active trading today, said it is unaware of the reason behind the sudden jump in the price and trading volume of its shares after receiving an unusual market activity query from Bursa Malaysia.

Handal Energy has secured a new contract from Mubadala Petroleum’s entity MDC Oil & Gas Ltd for the provision of offshore pedestal crane maintenance services and spare parts.

Greatech Technology has proposed a one-for-one bonus issue, to reward its shareholders and provide greater equity participation.

ManagePay Systems’ peer-to-peer (P2P) financing platform is set to provide floor stocking financing for used-car dealers.

Sime Darby is weighing a separate listing for its health care unit that could raise at least RM500mil, based on a news report.

The company has held discussions with potential advisers for an initial public offering of Ramsay Sime Darby Health Care Sdn Bhd.

Astral Asia has proposed to diversify its core businesses to include e-commerce and related activities with a total estimated initial investment of RM500,000.

SMTrack has proposed to issue up to RM120mil in debt notes and to diversify its business, to include commercial air transport operations.

Meanwhile, US markets advanced overnight following progress in the coronavirus stimulus talks.

Earlier, European stocks declined as new infections hit record high in Europe.

“Following the positive performance in Wall Street, the FBM KLCI could stage a rebound but in the medium term remain sideways below the resistance of 1,550 points,” JF Apex said.

Related Stocks

AASIA 0.145
APEX 0.905
BURSA 8.280
GETS 2.650
HANDAL 0.235
KOMARK 0.150
MPAY 0.190
SIME 2.220


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