Trading ideas: MN Holdings, Yinson, Magni-Tech, Seremban Engineering, MGRC and Tuju Setia

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KUALA LUMPUR: There could possibly be elevated buying and selling curiosity in MN Holdings, Yinson, Magni-Tech, Seremban Engineering, MGRC and Tuju Setia on Friday, mentioned JF Apex Research.

MN Holdings Bhd received 4 new contracts for its substation engineering and underground utilities companies and options enterprise segments price a mixed RM27mil.

Yinson Holdings Bhd’s web revenue for 1QFY23 rose 7.14% YoY to RM120mil.

Magni-Tech Industries Bhd’s web revenue for 4QFY22 fell 12.18% YoY to RM26.89mil.

Seremban Engineering Bhd bagged a contract price RM172.6mil to undertake civil, structural and architectural, in addition to mechanical, electrical and plumbing works for Dutch Lady Milk Industries Bhd’s manufacturing plant in Nilai, Negeri Sembilan.

Malaysian Genomics Resource Centre Bhd (MGRC) is buying a 51% stake in Aquahealth Sdn Bhd, a kidney dialysis operator and Tuju Setia Bhd is tendering for RM2.8bil price of initiatives to construct high-rise and industrial buildings, in addition to hospitals and healthcare amenities.

Meanwhile, JF Apex mentioned the FBM KLCI may consolidate above the help of 1,415 following the earlier session’s modest decline.

The US market rallied in a single day to rebound sharply as buyers wait for brand spanking new house gross sales and shopper sentiment information to be introduced later right now.

Earlier, European shares tumbled amid considerations of recession.



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