Trading ideas: Guan Chong, Apex Healthcare, Duopharma, Berjaya Food, GuocoLand, Swift Haulage, Dayang, MK Land, PLS Plantations and MAHB
KUALA LUMPUR: The trading spotlight could be on stocks with recent corporate newsflow including Guan Chong, Apex Healthcare, Duopharma, Berjaya Food, GuocoLand, Swift Haulage, Dayang, MK Land, PLS Plantations and MAHB, said JF Apex Research.
Guan Chong Bhd's net profit for the 2Q22 grew 22.6% YoY to RM44.61 million.
Apex Healthcare Bhd's net profit jumped 83% YoY to RM23.5 million in 2Q22.
Duopharma Biotech Bhd posted a 6% YoY increase in net profit for 2Q22.
Berjaya Food Bhd's (BFood) net profit soared 185% YoY to RM40.66 million in 4QFY22.
Guocoland (Malaysia) Bhd's net profit for 4QFY22 jumped over three times YoY to RM23.79 million.
Swift Haulage Bhd is selling a 4.816-hectare piece of land in Klang, Selangor for RM38.36 million.,
Dayang Enterprise Holdings Bhd won a contract from Sarawak Shell Bhd/Sabah Shell Petroleum Co Ltd (SSB/SSPC) for the provision of one unit landing craft tank.
The Energy Commission has granted MK Land Holdings Bhd a four-year extension to its power purchase agreement (PPA) for its 10.95 MW Large Scale Solar Photovoltaic Plant in Kerian, Perak.
PLS Plantations Bhd intends to invest RM50 million in a 51:49 joint venture with one Landasan Erajaya Sdn Bhd to undertake cash crops plantation activities in Pahang.
Malaysia Airports Holdings Bhd's (MAHB) total passenger movements soared 138% to 7.83 million in July 2022.
Meanwhile, JF Apex said the FBM KLCI could extend its gains towards the next resistance of 1,540 points after breaking the resistance of 1,510 points yesterday.
The US market was flat with the Dow and S&P rising but the Nasdaq declining ahead of July retail sales data later today and corporate earnings this week.
Similarly, European stocks were also mixed after UK real wages dropped.