Trading ideas: Hartalega, Dufu, HB Global

KUALA LUMPUR: JF Apex Research expects Hartalega Holdings Bhd, Dufu Technology Corp Bhd and HB Global Ltd to be among the stocks to watch on Wednesday.

In its report, JF Apex said Hartalega’s net profit doubled to RM2.26bil for its 1QFY22 against RM1.12bil in 4QFY21 on the back of higher sales volume despite lower average selling price.

Dufu Technology’s net profit jumped 60.86% year-on-year, on strong hard disk drives components demand.

HB Global said its recently-acquired telecommunication unit has secured a contract worth RM10mil from Axiata Group Bhd’s subsidiary to provide full turnkey fibre implementation work.

Meanwhile, the US market advanced overnight with the S&P hitting a record high amid strong quarterly earnings and concerns over the coronavirus.

Similarly, European stocks climbed after corporate results announcements and eurozone producer prices accelerated in June.

“Following the political uncertainty, the FBM KLCI could remain sideways above the support of 1,475 points,” JF Apex said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Hartalega , Dufu , HB Global


Next In Business News

Ringgit trades lower on US asset tapering, Evergrande debt crisis
Malaysian online spending increases during 9.9 sale, says Lazada
Komark pivots into niche mask products
Quick take: BDB rises 3.4% on 30-year concession with LADA
FBM KLCI fails to extend bounce
Quick take: Tanco rises 4% in active trade
ADB lowers growth outlook for developing Asia as Covid weighs
Kenanga projects gradual recovery for KESM
Trading ideas: Southern Steel, Tanco, Bina Darulaman
China Evergrande inches close to default deadline, investors wait

Stories You'll Enjoy