Trading Ideas: E&O, Petra Energy, Apex Healthcare, Paramount

Trading Ideas: E&O, Petra Energy, Apex Healthcare, Paramount - Eastern & Oriental Bhd (E&O), Petra Energy Bhd, Apex Healthcare Bhd

,Paramount Corp, Lay Hong and Sunway Construction are among stocks to watch on Wednesday, according to JF Apex Research.

E&O’s 2QFY18 net profit jumped more than five times year-on-year thanks to its property segment's earnings which more than doubled.

Petra Energy has won a contract from Petronas Carigali Sdn Bhd to provide maintenance, construction and modification services offshore of Sabah.

Apex Healthcare’s 3QFY17 net profit grew 29% year-on-year, on stronger contributions from its consumer products division as well as pharmaceutical sales to Malaysia and Singapore’s public sector.

Paramount’s 3QFY17 net profit grew over seven times year-on-year, mainly on the disposal of its Sri KDU campus.

Lay Hong's 2QFY18 net profit up over three times year-on-year on the back of better topline with higher quantity and higher priced eggs and frozen products.

Sunway Construction’s joint venture with Taisei Corp of Japan has bagged a RM139.83mil contract from Nippon Express (M) Sdn Bhd to build a new warehouse in Shah Alam.

Meanwhile, US markets declined overnight due to concerns on tax reform and lower-than-expected economic data from China.

Earlier, European stocks tumbled following a sharp decline in commodities prices.

JF Apex said the FBM KLCI was expected to test its support of 1,730 points given its bearish momentum.