Trading ideas: Carlsberg, Pharmaniaga, SEntral REIT, AirAsia X, Inari Amertron, Hong Leong Industries, TCS, Advancecon, Tenaga, UEM Sunrise and Sapura Energy
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KUALA LUMPUR: Stocks to watch for on Monday include Carlsberg, Pharmaniaga, Sentral REIT
, AirAsia X, Inari Amertron, Hong Leong Industries, TCS, Advancecon, Tenaga, UEM Sunrise and Sapura Energy, said JF Apex Research.
Carlsberg Brewery Malaysia Bhd after its net profit for 2Q22 more than doubled YoY to RM88.95 million.
Pharmaniaga Bhd’s net profit for 2Q22 slumped 94.7% YoY to RM722,000.
Sentral REIT’s net property income for 2Q22 slipped 3.8% YoY to RM27.94 million.
AirAsia X Bhd (AAX) slipped back into the red in its 4QFY22 with a net loss of RM652.52 million.
Inari Amertron Bhd’s net profit for 4QFY22 declined slightly to RM86.22 million.
Hong Leong Industries Bhd‘s net profit for 4QFY22 rose 82.43% YoY to RM72.68 million.
TCS Group Holdings Bhd has won a RM108.38 million contract for the construction of Moxy Putrajaya Hotel.
Advancecon Holdings Bhd has obtained a four-year extension from the Energy Commission to the 21-year power purchase agreement with Tenaga Nasional Bhd (TNB) that it was awarded for the development of a large scale solar photovoltaic plant of 26 MW in Kuala Langat.
UEM Sunrise Bhd is selling its 80.4% stake in South Africa-based Roc Union-Proprietary Ltd for RM38 million.
Sapura Energy Bhd is selling three drilling rigs to UK-based NKD Maritime Ltd for RM35.14 million.
Meanwhile, JF Apex said the FBM KLCI could extend its pullback towards the support of 1,483 points.
The US market plunged on Friday after signs of the Federal Reserve continuing its aggressive stance on interest rate hikes.
Earlier, European stocks declined after the announcements of UK’s retail sales and Germany’s producer prices.
