Hwang DBS Vickers Research said there could be rotational trading activity in CONSTRUCTION [] counters today following a news article speculating that Bina Puri (and its unlisted joint venture partner UEM Group) is on the verge of clinching the third package to build a new low cost carrier terminal valued at RM1.1 billion.
Bina Puri and its partner might have beaten other contenders such as Sunway Construction, MRCB, Fajarbaru and Gadang Holdings-PPC joint venture, it said.
Timber stocks were the gainers, with Cymao up 24 sen to 90 sen but with only 200 shares done, Subur Tiasa rose 24 sen also to RM2.52, Jaya Tiasa 17 sen to RM3.92, Lingui 16 sen to RM1.36, Ta Ann 15 sen to RM5.95 while WTK added 11 sen to RM1.34.
Ajinomoto rose 28 sen to RM4.22 as it is seen as a promising consumer stock. The Edge weekly reported the market had not recognized Ajinomoto as a as a growth consumer stock.
Proton added 21 sen to RM4.74 on expectations of a tie-up with Volkswagen. OSK Research kepts a Buy call on Proton with target price of RM5.90.
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