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

Hassan Carrin

KUALA LUMPUR: There could be improved investing fascination in MN Holdings, Yinson, Magni-Tech, Seremban Engineering, MGRC and Tuju Setia on Friday, said JF Apex Investigate.

MN Holdings Bhd received 4 new contracts for its substation engineering and underground utilities services and methods company segments worth a put together RM27mil.

Yinson Holdings Bhd’s internet profit for 1QFY23 rose 7.14% YoY to RM120mil.

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

Seremban Engineering Bhd bagged a contract worthy of RM172.6mil to undertake civil, structural and architectural, as effectively as mechanical, electrical and plumbing works for Dutch Girl Milk Industries Bhd’s producing plant in Nilai, Negeri Sembilan.

Malaysian Genomics Source Centre Bhd (MGRC) is acquiring a 51% stake in Aquahealth Sdn Bhd, a kidney dialysis operator and Tuju Setia Bhd is tendering for RM2.8bil worthy of of assignments to develop large-rise and industrial buildings, as effectively as hospitals and healthcare services.

In the meantime, JF Apex reported the FBM KLCI could consolidate earlier mentioned the guidance of 1,415 pursuing the earlier session’s modest decrease.

The US industry rallied overnight to rebound sharply as investors wait for new house sales and customer sentiment details to be declared later these days.

Earlier, European stocks tumbled amid fears of economic downturn.

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