Trading ideas: CIMB, TNB, BIMB, KSL, Sunway, DRB-Hicom

KUALA LUMPUR: CIMB Group Holdings Bhd, Tenaga Nasional Bhd (TNB), BIMB Holdings Bhd, KSL Holdings Bhd, Sunway Bhd and DRB-Hicom Bhd are among the stocks to watch on Friday, according to JF Apex Research.

The research house said CIMB, TNB, BIMB, KSL, Sunway, DRB-Hicom, QL Resources, Time Dotcom as their net earnings improved year-on-year.

On the other hand, Sime Darby Plantation, Boustead, MAHB, PPB, Affin Bank, Masteel saw their quarterly results decline year-on-year.

Yinson bagged contracts worth US$901.79mil (RM3.67bil) for the charter, operations and maintenance of a floating production storage and offloading (FPSO) vessel by First Exploration & Petroleum Development Company Ltd (First E&P) for use at the Anyala & Madu fields in Nigeria.

Brahim’s Holdings has lapsed into Practice Note 17 (PN17) status, after its shareholder equity fell below the 25% threshold.

TRC Synergy’s civil servant housing development project in the administrative capital of Putrajaya has been axed by Perbadanan Putrajaya Corp on grounds of national interest.

Meanwhile, US markets ended slightly lower despite stronger-than-expected GDP growth as the US-North Korea summit in Vietnam ended abruptly.

Earlier, European stocks mixed amid geopolitical tension between India and Pakistan.

“Following the lacklustre performance in the US and Europe, the FBM KLCI could remain pressured and trend lower towards the support of 1,700 points,” JF Apex said.

Source : TheStar