Trading ideas: Eco World, Sasbadi, VSI, mTouche
ECOWLD (8206), SASBADI (5252), MTOUCHE (0092),
Friday, 17 April 2015
KUALA LUMPUR: JF Apex Research expects Eco World Development, book publisher Sasbadi, VS Industry and mTouche to be among the stocks to watch on Friday.
It said Eco World received a letter of award (LOA) from the Penang Development Corp (PDC) for the development of the proposed Eco Marina development in Penang.
The development will be carried out on 470 acres of land at Bandar Cassia in Batu Kawan.
As for Sasbadi, the research house said the group bagged a RM2.3mil contract from the Ministry of Education to publish, print and supply textbooks for the literature component for the Bahasa Malaysia subject for Form 5 (Komsas Bahasa Malaysia textbook for Form 5) to all national schools in the country.
VS Industry’s Hong Kong-listed subsidiary VS International Group Ltd is buying
Zhuhai Deyuan Energy Conservation Technology Co Ltd for RM11.8mil from Energy Ally Global Ltd. Zhuhai Deyuan is building a rooftop solar power plant.
JF Apex Research said mTouche teamed up with Celcom Axiata to provide the latter's mobile subscribers with mTouche's fully Malaysian developed encrypted and secured mobile communication application, with a range of features such as chat, e-mail and voice calls.
Overnight on Wall Street, US stocks closed marginally lower as higher oil prices failed to lift the market sentiment with investor focus is now on corporate earnings.
The Dow Jones Industrial Average closed down 6.84 points, or 0.04%, at 18,105.77, whilst the S&P 500 inched down 1.64 points, or 0.08%, at 2,104.99, with utilities the greatest of seven laggards and consumer sectors leading.
European markets closed lower after Greece credit rating was downgraded to "CCC+" from "B-" by S&P with its deteriorating economic situation.
At Bursa Malaysia, the FBM KLCI ended higher, up 7.81 points to 1,847.94 following a last minute surge.
“We expect some mild profit taking happening today as affected by dismal performance of overseas markets. However, the local benchmark index is expected to hover above its key support level of 1,830,” it said.
http://www.thestar.com.my
ECOWLD (8206), SASBADI (5252), MTOUCHE (0092),
Friday, 17 April 2015
KUALA LUMPUR: JF Apex Research expects Eco World Development, book publisher Sasbadi, VS Industry and mTouche to be among the stocks to watch on Friday.
It said Eco World received a letter of award (LOA) from the Penang Development Corp (PDC) for the development of the proposed Eco Marina development in Penang.
The development will be carried out on 470 acres of land at Bandar Cassia in Batu Kawan.
As for Sasbadi, the research house said the group bagged a RM2.3mil contract from the Ministry of Education to publish, print and supply textbooks for the literature component for the Bahasa Malaysia subject for Form 5 (Komsas Bahasa Malaysia textbook for Form 5) to all national schools in the country.
VS Industry’s Hong Kong-listed subsidiary VS International Group Ltd is buying
Zhuhai Deyuan Energy Conservation Technology Co Ltd for RM11.8mil from Energy Ally Global Ltd. Zhuhai Deyuan is building a rooftop solar power plant.
JF Apex Research said mTouche teamed up with Celcom Axiata to provide the latter's mobile subscribers with mTouche's fully Malaysian developed encrypted and secured mobile communication application, with a range of features such as chat, e-mail and voice calls.
Overnight on Wall Street, US stocks closed marginally lower as higher oil prices failed to lift the market sentiment with investor focus is now on corporate earnings.
The Dow Jones Industrial Average closed down 6.84 points, or 0.04%, at 18,105.77, whilst the S&P 500 inched down 1.64 points, or 0.08%, at 2,104.99, with utilities the greatest of seven laggards and consumer sectors leading.
European markets closed lower after Greece credit rating was downgraded to "CCC+" from "B-" by S&P with its deteriorating economic situation.
At Bursa Malaysia, the FBM KLCI ended higher, up 7.81 points to 1,847.94 following a last minute surge.
“We expect some mild profit taking happening today as affected by dismal performance of overseas markets. However, the local benchmark index is expected to hover above its key support level of 1,830,” it said.
http://www.thestar.com.my
