Trading ideas: SILK, Gadang, Country View, Diversified Gateway

KUALA LUMPUR: JF Apex Research expects SILK Holdings, Gadang, Country View and Diversified Gateway Solutions to see some trading interest on Thursday after their corporate news.

SILK Holdings’ concession asset will be sold to Permodalan Nasional Bhd for RM380mil cash.

Gadang was awarded the development rights of a 21.08 acre plot known as R3-1 by Kwasa Land Sdn Bhd with an estimated GDV of RM700mil. 

Mesiniaga bagged an RM20.73mil contract from Telekom Malaysia to design, supply and maintain a managed internet gateway service. 

As for Country view, its 4Q net profit increased 43% on-year to RM9.24mil on the back of new sales.

Diversified Gateway will be uplifted from its classification as a Guidance Note 3 company today;

JF Apex Research also pointed out US markets ended mixed overnight amid quarterly results, higher inflation and improved industrial production. Earlier, European stocks advanced after several corporate earnings announcement.
 
At Bursa Malaysia, the FBM KLCI added 1.99 points to close at 1,665.02 after coming off an intra-day high of 1,670.59. 

“Following the mixed performance in the US and Europe, the FBM KLCI could hover below the resistance of 1,680,” said the research house.