Trading ideas: Gamuda, Mudajaya, Yinson, AmFIRST REIT, DNeX and GCapital
KUALA LUMPUR: Stocks with recent corporate announcements will be in the spotlight including Gamuda, Mudajaya, Yinson, AmFIRST REIT, DNeX and GCapital, said JF Apex Research.
Gamuda Bhd has secured a RM1.96bil construction contract as the main contractor for the Sg Rasau water treatment plant in Selangor.
Mudajaya Group Bhd has won a RM104mil earthworks contract for a 1,200MW combined cycle gas power plant project in Gurun, Kedah.
Yinson Holdings Bhd’s 49:51 joint venture has bagged a 12-month extension for a bareboat charter contract for PTSC Lam Son valued at RM79.8mil.
AmFIRST Real Estate Investment Trust is selling of Menara AmFIRST in Petaling Jaya for RM62mil.,
Dagang Nexchange Bhd has taken delivery of the Sevan Hummingbird floating production storage and offloading (FPSO) vessel from marine energy transportation company Teekay Corp.
G Capital Bhd’s 70%-owned unit Solarcity Malaysia Sdn Bhd had completed the installation and commenced operation of a 7.0MW peak (MWp) solar photovoltaic electric power generation system for a power purchase agreement with Evergreen Fibreboard Bhd.
For Monday's trading sessions, JF Apex said the FBM KLCI could remain sideways above the support of 1,430 points following the ongoing uncertainty.
The US market rallied on Friday led by construction counters despite slower-than-expected manufacturing activity in June.
Meanwhile, European stocks ended mixed as the European Central Bank began its bond buying programme in southern Europe.