Trading ideas: Vivocom, Gabungan AQRS, Benalec, SCGM, Magni-Tech

KUALA LUMPUR: JF Apex Research expects Vivocom, Gabungan AQRS, Benalec, NTPM, LB Aluminum, SCGM and Magni-Tech to be among the stocks to see exchanging activity on Friday after their corporate news.

The exploration house said Vivocom got letters of recompense totalling RM37.8mil for development contracts in Sungai Buloh, Selangor, and Lorong Stonor, Kuala Lumpur.

Gabungan AQRS would offer 1,140 units of reasonable homes alongside 19.03 sections of land of a leasehold land situated in Putra Perdana, Sepang, on which they will be worked to PR1MA Corp Malaysia for RM314mil.

Benalec has gotten the Department of Environment's (DoE) endorsement for the recovery for stages 2 and 3 of its Tanjung Piai Integrated Petroleum and Petrochemical Hub and Maritime Industrial Park venture.

NTPM the gathering's 4QFY16 net benefit fell 23.7% on-year to RM10.05mil, as edge declined on higher vitality expenses and work related use.

LB Aluminum saw its 4QFY16's net benefit more than twofold to RM5.86mil, because of better edges emerging from less expensive crude material, and in addition lower charge procurement.

SCGM's 4QFY16 net benefit fell by 32.61% on-year to RM3.46mil because of weaker ringgit, higher deterioration charges, and greater account costs.

Magni-Tech, the gathering saw its 4QFY16 net profit expanded by 13.3% on-year to RM18.84mil mostly because of higher piece of clothing income on the back of valuation for the US dollar against the ringgit notwithstanding bring down deals orders got.

US markets hopped more than 1% overnight on desire that Britain will vote to stay in the EU. Thus, European stocks mobilized as British voters choose EU participation.

At Bursa, the FBM KLCI quit for the day focuses to 1,639.98. "Taking after the bullish execution in the US and Europe, the FBM KLCI is relied upon to develop its bounce back with backing and resistance at 1,610 and 1,665 individually," it said.

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Markets fell as a substitute notably all through the path of the day on Tuesday, however having stated that the marketplace looks as if it's miles nevertheless consolidating with a bit of an upward bias to it. short-time period charts could provide promoting possibilities, but quite frankly we experience that it’s an awful lot simpler to shop for supportive candles or bounces off of every day charts to be able to take benefit of what has been a widespread grind better. keep in mind that grinding markets tend to be rather sluggish, and as a result it takes pretty a piece of patience as a way to profit.

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Oil Prices Fall For First Time In Three Days

Oil costs fell in early Asian exchange following a solid two-day rally that was encouraged by facilitating concerns Britain would leave the European Union following a choice this week, permitting market members to concentrate on supply issues.

Saudi Arabia's unrefined petroleum sends out likewise dropped in spite of high creation levels, recommending request stays in a deficiency to supply.

U.S. unrefined's terminating July front-month contract was down 18 pennies at $49.19 a barrel at 0046 GMT. The all the more effectively exchanged August get, the new front-month from Wednesday, was down 19 pennies at $49.77. That agreement settled up almost 3 percent at $49.96 on Monday.

Brent rough fates' August front-month contract was down 31 pennies at $50.34 a barrel.

On Monday it rose $1.48, or 3 percent, to $50.65 a barrel. The agreement has ascended around 7 percent since Thursday's settlement, in the wake of falling 10 percent in six past sessions.

Saudi Arabia's unrefined fares in April tumbled to 7.444 million barrels for each day from 7.541 million bpd in March, official information appeared on Monday.

The world's biggest oil exporter and OPEC heavyweight created 10.262 million bpd in April, contrasted and 10.224 million bpd a month prior, the information appeared.

Possibly adding to supply, Iran has expanded its unrefined fares limit at its principle terminal on Kharg Island to permit eight tankers to stack at the same time, the oil service's news organization Shana gave an account of Monday.

Taking after moves up to framework in the course of recent years eight tankers can billet at the terminal's eastern harbor, with one more vessel ready to load boat to-boat payload in the meantime. - Reuters.

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