Trading ideas: Berjaya Food, Kimlun, Hibiscus Petroleum

KUALA LUMPUR: JF Apex expects Berjaya Food , Kimlun, Hibiscus Petroleum and Berjaya Corp to be among the stocks to see trading interests on Monday.

The research house also expects Daya Materials and Titijaya Land to attract trading interest following its latest corporate news.

Berjaya Food’s 1QFY18 rose 7% year-on-year mainly due to having more cafes in operation.

Berjaya Corp is disposing of its entire 100% equity interest in China-based Berjaya Green Resources Environmental Engineering (Foshan) Co Ltd for 78.5 million renminbi (RM50.87mil) and proceed will be used as working capital.

JF Apex said Kimlun has secured a RM214.76mil contract from Hillcrest Gardens Sdn Bhd to build two blocks of condominiums and ancillary buildings in Puchong, Selangor while Hibiscus Petroleum has been granted major project status for the West Seahorse Project in Australia.

Daya Materials has entered into an early agreement with MIMOS Semiconductor Sdn Bhd to work together to provide a crowd management and passenger system for rail as well as non-rail systems.

Titijaya Land is in an advance stage of negotiation with a few parties, the frontrunner being a large foreign property company, that are looking to buy a stake in the developer, based on a local media report.

Meanwhile, US markets rallied to record highs on Friday led by technology and financial counters.

However, European stocks tumbled after North Korea fired another missile over Japan and a terrorist attack in London.

“Following the mixed performance in the US and Europe, the FBM KLCI could remain sideways below the resistance of 1,800 points,” JF Apex said.