Trading ideas: Sasbadi, Matrix Concepts, Berjaya Assets


KUALA LUMPUR: Investor interest may be turned towards Sasbadi, Matrix Concepts, Berjaya Assets, MSM, BOX-PAK, Tune Protect, GDB, Freight Management, Amway, Jaks Resources and RCE Capital, according to JF Apex research.

In its daily highlights, the research house noted that RCE Capital 1Q profit inched up 4% on higher net interest income.

Jaks Resources’ 2Q net profit tripled on higher Vietnam EPC contribution.

Amway 2Q net profit jumped 148% and it declared a five sen dividend.

GDB Holdings posted lower net profit in 2Q.

MSM posted a third straight loss-making quarter amid lower sugar prices and higher costs.

BAssets's 4Q net loss widened following a higher deferred tax bill.

Freight Management 4Q net profit fell 74% and it declared 2.5 sen dividend.

Tune Protect's earnings slip to RM10.7 mil in 2Q Box-Pak 2Q loss widens four-fold amid operational loss in Myanmar and impairments.

On Wall Street overnight, the Dow Jones jumped over 200 points with Target and Lowe's surging on strong earnings results.

The European markets meanwhile also closed higher as investors awaited the minutes of the US Federal Reserve's recent meeting.

JF Apex research noted that the FBM KLCI could be buoyed above the support of 1,590 points today following the positive performance in the US and Europe.


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