Trading ideas: LKL International, PIE Industrial, Evergreen Fibreboard

KUALA LUMPUR: Stocks with news flow that are expected to see active trading on Tuesday include LKL International, PIE Industrial, Evergreen Fibreboard, Tan Chong Motor Holdings, AirAsia Group, Deleum and Ranhill Utilities, said JF Apex Research.

LKL International Bhd’s non-executive chairman Datuk Seri Dr Chen Chaw Min, who was appointed just less than a month ago, has resigned from his post, citing other personal commitments.

PIE Industrial Bhd had temporarily closed its factories in Penang until April 2, after some of its employees were tested positive for Covid-19.

Evergreen Fibreboard Bhd’s net loss for the fourth quarter ended Dec 31, 2020, widened to RM78.49 million, from RM14.36mil a year ago.

Tan Chong Motor Holdings Bhd said it will be settling its RM180 million Royal Malaysian Customs Department bill out of court.

AirAsia Group Bhd posted a bigger-than-expected net loss of RM2.44bil for the fourth quarter ended Dec 31, 2020 (4QFY20).

Deleum Bhd reported that its fourth quarter net profit fell 12.5% to RM7.5mil from RM8.57mil a year ago.

Ranhill Utilities Bhd booked its first quarterly net loss in two years at RM9.98 million in the quarter ended Dec 31, 2020, from a net profit of RM8.02mil a year ago.
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