Trading ideas: Frontken Corp, SLP Resources, Hartalega, Mesiniaga, Xin Hwa and CSH Alliance
KUALA LUMPUR: Shares that could see elevated trader interest on Wednesday include things like Frontken Corp, SLP Methods, Hartalega
, Mesiniaga, Xin Hwa and CSH Alliance, explained JF Apex Analysis.
Frontken Corp Bhd‘s 1Q22 net financial gain jumped 15.71% YoY to RM26.51mil.
SLP Sources Bhd’s 1Q22 net profit fell 25.12% YoY to RM4.51mil.
Hartalega Holdings Bhd posted its very first-ever quarterly decline of RM189.7mil for its 4QFY22.
Mesiniaga Bhd has secured a agreement really worth RM59.63mil from Telekom Malaysia Bhd (TM) to deliver upkeep and assistance solutions for telecommunication cloud main details centre.
Xin Hwa Holdings Bhd designs to diversify into the precision machining business just after obtaining a 79% stake in Micron Steel Engineering Sdn Bhd (Micron) for RM19.75mil in a income plus shares offer.
CSH Alliance Bhd’s electric automobile (EV) unit has inked a sale and invest in settlement (SPA) to purchase a few adjoining plots of industrial land measuring 55.32 acres in Tanjung Malim, Perak for RM12mil.
In the meantime, JF Apex said the FBM KLCI could consolidate above the aid of 1,540 factors pursuing the latest decline.
The US sector was combined with the S&P and Nasdaq rebounding even though the Dow was somewhat lower as buyers waited for April’s inflation information to be released afterwards nowadays.
European shares rebounded from a two-month reduced on discount hunting.