Trading ideas: KSL, Bermaz Auto, Mah Sing, Aneka Jaringan, Chin Teck Plantations, Widad, Uzma, Magni-Tech, Reservoir Link Energy and Boustead Heavy Industries
KUALA LUMPUR: Stocks that could be in the spotlight on Tuesday include KSL, Bermaz Auto, Mah Sing, Aneka Jaringan, Chin Teck Plantations, Widad, Uzma, Magni-Tech, Reservoir Link Energy and Boustead Heavy Industries, said Apex Research.
Bermaz Auto Bhd posted a 388.5% YoY jump in net profit to RM50.16 million in the 1QFY23.
Chin Teck Plantations Bhd is buying Kelantan-based planter Fauzi-Lim Plantation Sdn Bhd for RM45 million cash.
Boustead Heavy Industries Corp Bhd (BHIC) has secured a RM15.72 million worth of contract from the Ministry of Defence.
Meanwhile, Apex said the FBM KLCI could extend it rebound towards the psychological level of 1,500 points following gains on Wall Street.
The US market surged overnight as investors expect a lower August CPI data later today.
Similarly, European stocks ended higher, led by retail stocks, ahead of the US inflation data.