Trading ideas: Icon Offshore, Coastal Contracts, MRCB, TMC Life
ICON (5255), COASTAL (5071), MRCB (1651), TMCLIFE (0101),
Thursday, 23 April 2015
KUALA LUMPUR: JF Apex Research expects Icon Offshore, Coastal Contracts, MRCB and TMC Life to see trading action following the latest corporate developments.
Icon Offshore announced to Bursa Malaysia its chief executive officer and chief operating officer have been remanded by the Malaysian Anti-Corruption Commission (MACC) to “facilitate and assist” investigations.
Coastal Contracts sold a jackup drilling rig for RM807mil while MRCB disposed of its 51% stake in Nu Sentral for RM120mil.
Bursa Malaysia and TMC Life posted positive quarterly results.
Overnight on Wall Street, US markets climbed on quarterly results and favorable reports on housing index price, mortgage application and existing home sales. European stocks were flat after mixed results from corporate earnings.
At Bursa Malaysia, the FBM KLCI dropped 8.03 points to 1,854.77 to buck regional trend as investors take profit from the index's recent rally.
“We expect the index to hover below the resistance of 1,860. Investors will be looking at China's flash PMI for April to be announced later this morning,” it said.
http://www.thestar.com.my
ICON (5255), COASTAL (5071), MRCB (1651), TMCLIFE (0101),
Thursday, 23 April 2015
KUALA LUMPUR: JF Apex Research expects Icon Offshore, Coastal Contracts, MRCB and TMC Life to see trading action following the latest corporate developments.
Icon Offshore announced to Bursa Malaysia its chief executive officer and chief operating officer have been remanded by the Malaysian Anti-Corruption Commission (MACC) to “facilitate and assist” investigations.
Coastal Contracts sold a jackup drilling rig for RM807mil while MRCB disposed of its 51% stake in Nu Sentral for RM120mil.
Bursa Malaysia and TMC Life posted positive quarterly results.
Overnight on Wall Street, US markets climbed on quarterly results and favorable reports on housing index price, mortgage application and existing home sales. European stocks were flat after mixed results from corporate earnings.
At Bursa Malaysia, the FBM KLCI dropped 8.03 points to 1,854.77 to buck regional trend as investors take profit from the index's recent rally.
“We expect the index to hover below the resistance of 1,860. Investors will be looking at China's flash PMI for April to be announced later this morning,” it said.
http://www.thestar.com.my
