Trading ideas: Poh Huat, Westports, DNex, Comfort Gloves

  • Business
  • Thursday, 21 Dec 2017

KUALA LUMPUR: JF Apex expects Poh Huat Resources Holdings Bhd, Westports Holdings Bhd, Dagang Nexchange Bhd (DNeX) and COMFORT GLOVES BHD to be among the stocks to watch on Thursday.

Poh Huat’s net profit fell 6.4% to RM17.84mil in the fourth financial quarter ended Oct 31, 2017, from RM19.06mil a year ago, due to lower contribution from its Vietnamese operations.

Westports has been slapped with several bills of demand totalling RM59.51mil from the Royal Malaysian Customs.

DNeX announced that the government has awarded it another year of extension to its contract for the National Single Window (NSW) for Trade Facilitation.

Comfort Gloves's 3QFY18 net profit jumped 44% year-on-year due to cost savings and capacity upgrades that mitigated impact from higher labour and energy costs.

Meanwhile, US markets ended flat after lawmakers approved a bill to reduce corporate taxes from 35% to 21%.

Earlier, European stocks declined, dragged by technology, healthcare, household goods and chemical counters as US Senate passed the tax bill.

“After yesterday's rebound, the FBM KLCI is expected to consolidate and hover between the support and resistance of 1,730 and 1,750 points respectively,” JF Apex said.

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