Trading ideas: Scientex, MyEG, Nexgram, HCK Capital, Halex

analyst_report

KUALA LUMPUR: Scientex Bhd , My E.G. Services Bhd  (MyEG), Nexgram  Holdings Bhd, HCK Capital Group Bhd  and Halex Holdings Bhd  are among the stocks to watch on Thursday, according to JF Apex Research.

Scientex’s 1QFY18 net profit rose 39% year-on-year, lifted by better sales from both its manufacturing and property development segments.

MyEG has been granted a licence by the government to offer money lending services, which complements its existing business activities.

Nexgram has aborted its plan to jointly develop the Angkasa Icon City mixed commercial project in Cyberjaya, Selangor with Seychelles company China Asian Capital Holding Ltd.

HCK Capital is buying a plot of leasehold land in Mukim Sungai Buloh, Selangor, which has been earmarked for a mixed commercial development, for RM80mil from Perbadanan Kemajuan Negeri Selangor (PKNS).

Halex plans to buy Hextar Chemicals Ltd at an indicative price of RM550mil in a bid to eliminate business competition.

Meanwhile, US markets ended mixed with technology counters lifting Nasdaq while the Dow and S&P closed slightly lower as investors await new details on tax reform.

Similarly, European stocks ended flat following uncertainty in Brexit negotiations.

“Following the lacklustre performance, the FBM KLCI is expected to remain pressured and hover between 1700 and 1730 points,” JF Apex said.

 

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