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Trading ideas: UMW, Coastal Contracts, Kimlun
by hlk Wed 24 Apr 2013, 08:52
KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects UMW, Coastal Contracts and Kimlun
to be among the stocks which could see trading interest on Wednesday as
the market gets a lift from the firmer Wall Street performance.
It said UMW's contract to provide a drilling rig was extended and the value was at US$130mil.
Coastal Contracts secured contracts for the sale of offshore support vessels and oil barges for an aggregate value of RM434mil.
HDBSVR said Kimlun secured a RM64mil job to build houses in Johor.
It said US and European markets closed higher as sentiment was boosted by strong corporate earnings and better economic reports.
Major
benchmark indices on Wall Street were up between 1.0% and 1.1% after
France (+3.6%), Italy (+2.9%) and UK (+2.0%) posted robust gains. “The
positive external vibes could give a lift to our local bourse today.
From a technical perspective, the key FBM KLCI may bounce up from the
psychological mark of 1,700 ahead,” it said.
to be among the stocks which could see trading interest on Wednesday as
the market gets a lift from the firmer Wall Street performance.
It said UMW's contract to provide a drilling rig was extended and the value was at US$130mil.
Coastal Contracts secured contracts for the sale of offshore support vessels and oil barges for an aggregate value of RM434mil.
HDBSVR said Kimlun secured a RM64mil job to build houses in Johor.
It said US and European markets closed higher as sentiment was boosted by strong corporate earnings and better economic reports.
Major
benchmark indices on Wall Street were up between 1.0% and 1.1% after
France (+3.6%), Italy (+2.9%) and UK (+2.0%) posted robust gains. “The
positive external vibes could give a lift to our local bourse today.
From a technical perspective, the key FBM KLCI may bounce up from the
psychological mark of 1,700 ahead,” it said.
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