Trading ideas: Yinson, Carlsberg, Dialog, Gas Malaysia, Sunway Reit
15 February 2019
KUALA LUMPUR: Yinson Holdings Bhd , Carlsberg Brewery Malaysia Bhd , Dialog Group Bhd , Gas Malaysia Bhd and Sunway Real Estate Investment Trust (REIT) are among the stocks to watch on Friday, according to JF Apex Research.
Yinson said its wholly-owned subsidiary has secured a contract worth US$578mil (RM2.357bil) from JX Nippon Oil & Gas Exploration (Malaysia) Ltd.
Carlsberg’s fourth quarter net profit rose 34.9% to RM67.45mil from RM50mil a year ago.
Dialog Group Bhd’s second quarter net profit rose 18.15% to RM136.7mil, from RM115.7mil a year earlier.
Gas Malaysia’s net profit in the fourth quarter ended Dec 31, 2018 (4QFY18) fell 16.7% on-year to RM51.08mil from RM61.35mil the year before, on lower gas contribution margin due to the Gas Cost Pass Through (GCPT) adjustment set for the July-December 2018 period.
Sunway REITposted net property income of RM104.23mil for its second quarter ended Dec 31, 2018 (2QFY19) from RM103.37mil a year ago.
Overnight, US markets ended a 4-day winning streak after its worst monthly retail sales data since September 2009.
The 30-stock Dow pulled back 103.88 points to 25,439.39 while the S&P 500 dipped 0.27% to 2,745.72.
Earlier, European stocks declined after weaker-than-expected US retail sales.
“Following the bearish performance in the US, the FBM KLCI is expected to be negative today with support at 1,650 points.” JF Apex said.View article at source