Trading ideas: Astro, VS Industry, Comfort Gloves, Advancecon, AirAsia


  • Business
  • Wednesday, 27 Mar 2019

KUALA LUMPUR: JF Apex Research expects Astro Malaysia Holdings Bhd, VS Industry Bhd, COMFORT GLOVES BHD, Advancecon Holdings Bhd and AIRASIA Group Bhd to be among the stocks to watch on Wednesday.


Astro’s net profit fell 34.9% to RM118.4mil for the fourth financial quarter ended Jan 31, 2019 (4QFY19) from RM181.79mil a year ago.


VS Industry’s net profit fell 14% to RM37.94mil for the second quarter ended Jan 31, 2019 (2QFY19), from RM44.24mil a year earlier.


Comfort’s net profit for the fourth quarter ended Jan 31, 2019 (4QFY19) almost doubled to RM9.39mil, from RM4.78mil a year ago.


Avancecon is venturing into solar energy while AirAsia is asking Kathmandu's airport to waive RM4.8mil of outstanding fee.


Meanwhile, US markets climbed overnight following easing concerns of a economic slowdown.


Earlier, European stocks advanced after fears of a recession faded.


“Following the positive performance in the US and Europe, the FBM KLCI could stage a rebound with support at 1,625 points,” JF Apex said.


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Astro , Advancecon , VS Industry

   

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