Trading ideas: IHH Healthcare, Gadang, Kelington, Datasonic
KUALA LUMPUR: Stocks that may pop up on investors’ radar screens on Thursday include IHH Healthcare, Gadang, Kelington, Datasonic, Pestech, Varakah and London Biscuits, says JF APex research.
IHH Healthcare is reportedly in talks to sell two of its major assets in India back to their original founder-promoters.
The healthcare group has initiated discussions to cash out of its 62% stake in Hyderabad-based Continental Hospitals and 74% in Global Hospitals.
Gadang’s 1QFY20 net profit fell 10% yoy, dragged by lower property contribution; IGB REIT’s 3QFY19 net property income (NPI) rose 4.3% yoy due to higher rental income and lower property operating expenses.
Kelington said that its operations commenced for its liquid carbon dioxide (LCO2) plant in Kemaman, Terengganu.
Datasonic has inked a shareholders agreement with South Korea’s Digent Co Ltd to form a joint venture company (JV Co) to jointly develop and market next generation biometric applications.
Pestech is exploring opportunities to provide roof top solar power solutions and establish a green renewable energy initiative programme in the free commercial and industrial zone in Port Klang.
Barakah said the Export-Import Bank of Malaysia Bhd has terminated loan facility agreements with the company.
London Biscuits, which is set to be wound up, has pledged cooperation in the interim liquidation process after the High Court today approved the appointment of an interim liquidator.
JF Apex expects the FBM KLCI to remain above the 1,550 support level in Thursday trade following positive performances in the US and Europe.
US markets advanced overnight with the S&P500 approaching a recrod high amid quarterly earnings announcements. European stocks were slightly improved following another hiccup in the UK’s Brexit plan.
Source: TheStar