Trading ideas: WZ Satu, BAT, Gabungan AQRS, Kerjaya Prospek
KUALA LUMPUR: WZ Satu, BAT, Gabungan AQRS, Kerjaya Prospek and UOA Reit are among the stocks which could see trading action on Friday after their corporate news, says JF Apex Research.
WZ Satu’s 3Q net profit rose 42.9% year-on-year, mainly due to stronger performances registered by the oil and gas (O&G), mining and manufacturing segments.
As for BAT, its 2QFY17 net profit tripled year-on-year, largely thanks to increased domestic and duty-free volumes and a decline of illegal cigarette incidence.
The research house also pointed out that UOA REIT’s 2QFY17 net rental income fell 15% year-on-year, on lower gross rental.
It said Gabungan AQRS inked a memorandum of understanding with Singapore’s Tera Capital Pte Ltd to jointly develop its One Jesselton Waterfront mixed development in Kota Kinabalu, Sabah;
Kerjaya Prospek bagged a RM64.22mil contract to undertake foundation piling works and associated sub-structure works for a proposed mixed development on Jalan Puchong.
Overnight on Wall Street, US markets ended mixed overnight with the Nasdaq extending its winning streak to 10 days amid earnings season and investors’ concern on Trump’s growth policies.
Similarly, European stocks closed mixed after the European Central Bank kept interest rate unchanged.
At Bursa Malaysia, the FBM KLCI lost 1.64 points to 1,755.63.
Following the mixed performance in the US and Europe, the KLCI could extend its sideways trend above the support of 1,750.