Trading ideas: Public Bank, Padini, Axiata, Hong Leong Bank, Greatech


KUALA LUMPUR: Public Bank, Padini, Axiata, Hong Leong Bank and tech-related Greatech are among the stocks to watch on Monday after their stronger year-on-year quarterly results, JF Apex Research said.

However, it noted that Hibiscus, Sunway, Maybank, Alliance Bank, Affin Bank recorded weaker year-on-year performances.

JF Apex Research said KNM secured a US$23mil (RM93.63mil) contract for the supply of equipment, piping systems and process control, and the integration of an energy storage vessel, from Vattenfall Wärme Berlin AG.

Maxim Global, formerly known as Tadmax Resources Bhd, is disposing of its remaining 40% stake in Pulau Indah Power Plant Sdn Bhd to Worldwide Holdings Bhd for RM70mil.

The research house pointed out that TIME dotCom’s 3Q net profit fell 21%; Greatech's quarterly profit shoots up 80% while Ekovest returned to the black.

Other companies which performed better were Sunway, which returned to profitability in 3Q while for Hibiscus, it benefited from higher oil prices.

As for QL Resources, it sustained it quarterly earnings despite the Covid-19 pandemic

JF Apex Research pointed out CIMB recorded lower net profit of RM194mil in 3Q.

As for Top Glove, it spent RM21mil on 14th day of share buyback.

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