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

KUALA LUMPUR: There could be enhanced investing curiosity in MN Holdings, Yinson, Magni-Tech, Seremban Engineering, MGRC and Tuju Setia on Friday, reported JF Apex Exploration.

MN Holdings Bhd gained four new contracts for its substation engineering and underground utilities expert services and solutions company segments worthy of a blended RM27mil.

Yinson Holdings Bhd’s net earnings for 1QFY23 rose 7.14% YoY to RM120mil.

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

Seremban Engineering Bhd bagged a contract worth RM172.6mil to undertake civil, structural and architectural, as nicely as mechanical, electrical and plumbing performs for Dutch Woman Milk Industries Bhd’s production plant in Nilai, Negeri Sembilan.

Malaysian Genomics Source 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 worth of tasks to build high-increase and industrial buildings, as properly as hospitals and healthcare services.

In the meantime, JF Apex stated the FBM KLCI could consolidate previously mentioned the aid of 1,415 next the earlier session’s modest drop.

The US sector rallied overnight to rebound sharply as buyers hold out for new home income and consumer sentiment facts to be introduced afterwards today.

Before, European stocks tumbled amid worries of economic downturn.