Trading ideas: Top Glove, UWC, Datasonic, Mirolink Solutions, MGB, TT Vision, Pasdec and Inta Bina

KUALA LUMPUR: There could be increased investor interest in Top Glove, UWC, Datasonic, Mirolink Solutions, MGB, TT Vision, Pasdec and Inta Bina, said Apex Research.

Top Glove Corp Bhd posted a third loss-making quarter in 2QFY23 with a net loss of RM164.67 million.

UWC Bhd's net profit dropped 24% YoY to RM19.1 million in 2QFY23.

Datasonic Group Bhd has secured a three-month extension contract from the Ministry of Home Affairs for the supply worth RM12.53 million.

Microlink Solutions Bhd’s unit has secured a five-year contract worth RM17.79 million from the Public Sector Home Financing Board (LPPSA).

MGB Bhd has bagged a RM46.8 million contract to build 155 double-storey terrace houses at the D’Island Residence township in Puchong.

TT Vision Holdings Bhd has secured purchase orders totalling RM23.6 million for its solar cell inspection equipment.

Pasdec Holdings Bhd has decided to sell its subsidiary that is developing the 5MW mini hydro power plant project in Bentong, Pahang, for RM1.2 million.

Inta Bina Group Bhd has secured a RM79.9 million contract to build houses near Bandar Puncak Alam in Ijok, Selangor.

Meanwhile, Apex said the FBM KLCI could hover above the support of 1,384 points following the positive performance on Wall Street.

The US market rallied overnight following confidence in the banking system after a group of banks provided aid to First Republic.

Earlier, European stocks surged after the European Central Bank raised interest rates by 50bps and pledged to supply liquidity to banks amid the current turmoil in the banking sector.