Trading ideas: GFM Services, Ekovest, Sime Darby, A&M Realty

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KUALA LUMPUR: JF Apex Research expects GFM Services, Ekovest, Sime Darby and A&M Realty to be among the stocks which could see trading interest on Monday.

GFM Services is seeking a listing on the ACE Market of Bursa Malaysia at an offer price of 38 sen.

Ekovest and its partner Samling Resources Sdn Bhd bagged a RM2.11bil contract for package WPC-02 of Phase 1 works of the Pan Borneo Highway in Sarawak.

Sime Darby plans to sell a 50% stake in its port operator in Weifang, China, for RMB38.61mil (RM24.92mil) to secure a local partner for the business.

A&M Realty, the group is believed to benefit from a massive port-industrial city project in Carey Island with its key township project named Amverton Cove in the Island.

The research house added that Tenaga Nasional, the group is buying a 50% stake in Vortex Solar S.a.r.l. for £86mil (about RM477mil) as it makes its foray into the UK’s electricity-generation market.

Last Friday, US markets reached all-time highs on Friday led by tech counters as the Dow came close to hitting the psychological 20,000-point mark. Earlier, European stocks declined on disappointing US non-farm payroll data.

At Bursa Malaysia, the FBM KLCI extended its ascend after rising 15.67 points to 1675.49.

After last week's bullish momentum, the KLCI could extend its uptrend towards the resistance of 1,700.

 

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