Trading ideas: Kejuruteraan Asastera, Perdana Petroleum, TM, Digi, Tune Protect, Econpile

KUALA LUMPUR: Stocks to watch on Friday include Kejuruteraan Asastera Bhd (KAB), Perdana Petroleum Bhd, TELEKOM MALAYSIA BHD, Digi Telecommunications Sdn Bhd and TUNE PROTECT GROUP BHD, according to JF Apex Research.

The research house also expects Econpile Holdings Bhd, Benalec Holdings Bhd and GuocoLand (M) Bhd to see trading interest today.

Kejuruteraan Asastera has secured an RM19mil contract to provide electrical services to the Trion @ KL serviced apartment and hotel project at the intersection of Jalan Sungai Besi and Jalan Dua here.

Perdana Petroleum has bagged four time charter contracts worth RM50.1mil from its major shareholder DAYANG ENTERPRISE HOLDINGS BHD to charter two units of accommodation workbarge and two units of anchor handling tug and supply vessels.

TM and Digi have agreed to work together in testing the capabilities, possibilities and limitations of 5G network sharing between multiple network service operators under Malaysian Communications and Multimedia Commission’s 5G Demonstration Project.

Tune Protect’s unit is disposing of its stake in Laka Ltd, a London-based insurance technology startup offering non-conventional insurance targeted at high-end bicycle owners, for 555,369.36 pounds (about RM3mil).

Econpile has bagged an RM45mil contract to undertake piling and raft foundation works for Phase 2 of Kuchai Sentral mixed development.

GuocoLand has dropped even deeper into the red for its 2QFY20, due to lower sales of completed units, as well as higher marketing costs. It posted a widened loss of RM14.85mil in 2QFY20 compared with RM12.65mil in the previous corresponding quarter.

Benalec has called off plans to sell the remaining five of seven plots of land in Pekan Klebang, Melaka, to Titanium Hallmark Sdn Bhd. It inked an agreement in October 2017 to sell all seven plots, measuring 216,427 sq metre, for RM100.17mil.

Source: TheStar