Trading ideas: Genting, Genting Malaysia, Bina Puri, AirAsia, Press Metal


KUALA LUMPUR: Genting Bhd, Genting Malaysia Bhd, Bina Puri Holdings Bhd, AirAsia Group Bhd, Press Metal Aluminium Holdings Bhd and KPJ Healthcare Bhd are among the stocks to watch, according to JF Apex Research.

S&P Global Ratings has downgraded the Genting group of companies as its recovery prospects are expected to be sluggish.

The long-term issuer ratings on Genting Bhd and Genting Malaysia were lowered to “BBB-” from “BBB”.

Bina Puri has proposed to undertake a private placement of up to 10% of its total number of issued shares to raise an estimated RM7.74mil for working capital.

AirAsia has finally launched AirAsia Ride, the latest offering under the group’s super app, an e-hailing service that will be rolled out in other states by the end of the year.

JF Apex said Press Metal, IOI Corp, Sunway, Hap Seng Plantations, TSH Resources, IJM Corp, Wellcall, Kelington, JF Technology, Leong Hup recorded higher year-on-year quarterly earnings whilst KPJ Healthcare, IJM Plantations, Foundpac posted weaker year-on-year quarterly results.

Meanwhile, the US market advanced overnight with the S&P and Nasdaq extending their record highs ahead of the Federal Reserve's Jackson Hole symposium later this week.

Earlier, European stocks ended mixed after Germany's 2Q GDP grew 1.6%.

“Following yesterday's rally, the FBM KLCI could extend its rebound towards the resistance of 1,580 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
   

Next In Business News

Oil steadies, paring gains as rising COVID cases spur demand worries
Omicron-fuelled volatility deals hedge funds worst monthly return since March 2020
US-listed Chinese shares take a hit as Didi to exit NYSE
Didi shares plunge more than 20% on plan to delist from NYSE
Wall St ends lower on Omicron worries, Fed taper angst
Micro impact of new variant?
Mixed views on FGV despite Q3 comeback
EG Industries prepares for increased higher-margin orders
Malaysia’s e-commerce gaining momentum
Phillip Futures to offer stockbroking services

Others Also Read


Vouchers