Trading ideas: Aeon Credit, Eonmetall, Press Metal, Alcom and LB Aluminium


KUALA LUMPUR: Some stocks that may attract investor attention on Friday include Aeon Credit Eonmetall, Press Metal, Alcom and LB Aluminium, says JF Apex Research.

Aeon Credit announced that its 2QFY19 net profit rose 13% as its total transactions and financing volume grew.

Eonmetall has secured the exclusive rights from a unit of FGV Holdings Bhd to build palm fibre oil extraction plants at six selected mill locations, then own and operate them for a concession period of 10 years, before transferring their ownership to the FGV unit.

Meanwhile, aluminium-related counters such as Press Metal, Alcom and LB Aluminium gained amid supply worries as the closure of the world's largest alumina refinery run by Norsk Hydro in Brazil pushed aluminium prices up to their highest in about three months.

On Wall Street overnight, US equities took a hit as 10-year US Treasury notes soared to their highest in seven years. 

The Dow Jones Industrial Average shed 200 points or 0.75%. The S&P500 lost 0.8% but the Nasdaq took the biggest hit, falling 1.8%.

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