Trading ideas: Ekovest, GDEx, Telekom, MPI, IJM Corp


KUALA LUMPUR: Ekovest, GD Express Carrier, Telekom Malaysia, Malaysian Pacific Industries and IJM Corp are among the stocks which could see trading interest following their corporate announcements, TA Securities Research said on Thursday.

Ekovest clarified it is the sole subscriber for the RM180mil junior bonds issued by highway concession owner Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd.

It pointed out the deferment for the unpaid portion of the securities’ coupon is allowed under the trust deed for the junior bonds.

GD Express is expanding its warehouses, distribution centres and transportation fleet to cater to the increase in order volumes following to the booming of Malaysia's e-commerce market.

TA Research said Telekom Malaysia’s net profit for 3QFY20 rise 26% to RM329.4mil from RM261.3mnil a year ago amid the Covid-19 shift to working from home.

Meanwhile, Sime Darby Property posted a net loss of RM355.3mil in 3Q due to an RM377.1mil impairment charge for its 40% share in the Battersea Power Station project in London.

Genting Plantations Bhd 3QFY20 net profit surged to RM61.4mil from RM18.0mil a year ago driven by higher palm oil prices.

UMW Holdings Bhd’s net profit narrowed to RM101.3mn in 3QFY20 from RM110.3mn in the same period last year, mainly pressured by lower sales in all business segments.

Malaysian Pacific Industries’ net profit for the 1QFY21 was 50.3% higher at RM55.3mil from RM36.8mil a year ago.

Parkson Holdings’s net losses reduced to RM21.7mil in 1QFY21, from RM44.6mil in 1QFY20, due to better operating profits from the group’s Malaysia and China operations.

IJM Corp saw its 2QFY21 net profit jump to RM99.5mil from RM1.3mil in 1QFY21 on business recovery from the Movement Control Order.

Cahya Mata Sarawak’s net profit improved substantially to RM46.7mil in the 3QFY20, up 180% from RM16.7mil in 3Q as it resumed full operations.

Aeon Co. (M) posted net profit of RM16.4mil in 3QFY20, after the retailer slipped into net loss of RM9.6mil in 2Q.

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