Trading Ideas: Fitters Diversified, Datasonic, Cypark, Benalec, CCK - JF Apex Research expects Fitters Diversified Bhd, Datasonic Group Bhd, Cypark Resources Bhd, Benalec Holdings
Bhd and CCK Consolidated Holdings Bhd to be among the stocks to watch on Thursday.
Fitters Diversified has been appointed the strategic supplier of specialiSed pipes for Felda Water Sdn Bhd’s RM57.9mil project involving Orang Asli villages in Pahang.
Datasonic has proposed the issuance of up to 675 free warrants on the basis of one warrant for every two shares held.
Cypark Resources is tying up with German-based 21st Century Clean Energy GmbH & Co KG to collaborate and cooperate in energy storage projects and to jointly expand their business opportunities in the area of renewable energy in Malaysia.
CCK has proposed to split its shares on a one-to-two (1-to-2) basis, followed by a bonus issuance of warrants on the basis of one free warrant for every two split shares held (1-for-2).
Meanwhile, US markets tumbled overnight due to concerns of a possible missile strike on Syria after President Trump taunted Russia on Twitter.
The Dow Jones industrial average closed 218.55 points lower at 24,189.45 while the S&P 500 declined 0.6% to 2,642.19.
European also ended lower after declines in chemicals, banking and travel and leisure counters as investors welcome the beginning of the reporting season.
“Following the negative performance in the US and Europe, the FBM KLCI is expected to take a breather from its rebound rally and consolidate below the resistance of 1,880 points,” JF Apex said.
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