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Trading ideas: PDZ, SP Setia, GHL, Alcom, Zhulian

by April 13, 2017 General

KUALA LUMPUR: JF Apex Research expects PDZ Holdings, SP Setia, GHL Systems, Alcom and Zhulian to be among the stocks which could see trading interest on Thursday.

It said PDZ had announced it would take steps to defend the arrest of its PDZ Maju vessel, which had received a warrant of arrest from Continental Platform (M) Sdn Bhd (CPSB). CPSB has sought RM563,311 for the non-payment of supply of bunkers to PDZ Mewah in December last year.

SP Setia is said to be the highest bidder for a residential project in Toh Tuck Road in Singapore with an estimated bid of S$265mil (RM837.66mil).

MNC Wireless will team up with M3Tech to develop an inclusive e-commerce platform with integrated payment gateway solutions and end-to-end logistics support, to operate in the newly-launched Malaysia Digital Free Trade Zone (DTFZ).

GHL Systems is purchasing a licence from Mastercard that will help the group offer electronic payment services and enhance card acceptance infrastructure for Mastercard products and solutions.

Alcom has proposed a capital reduction and repayment exercise to improve its capital structure.

Zhulian’s 1QFY17 net profit more than doubled to RM14.56mil due to an improvement in operating activities. The group incurred some RM3.5mil of separation employment benefit expenses in its 1QFY16, which was absent in this quarter.

Overnight on Wall Street, US markets closed lower after rising geopolitical concern and lower US dollar after US President Donald Trump said the currency was getting too strong. 

European stocks fell amid increased geopolitical tension and corporate earnings. 
At Bursa, the FBM KLCI jumped 8.24 points to end the day at 1,744. 

“Despite the lacklustre display in the US and Europe, the KLCI could remain buoyant and extend yesterday’s rebound with support at 1,730,” JF Apex Research said.