Trading ideas: Pharmaniaga, Kejuruteraan Asastera, Datasonic, KNM, Duopharma

KUALA LUMPUR: Stocks to watch on Friday include Pharmaniaga Bhd, Kejuruteraan Asastera Bhd, Datasonic Group Bhd, KNM Group Bhd and Duopharma Biotech Bhd, according to JF Apex Research.

Pharmaniaga will be supplying Sinovac Covid-19 vaccine booster doses to private clinics and hospitals.

Kejuruteraan Asastera has bagged three new solar projects in Thailand.

Datasonic received a letter of extension from the Home Ministry to extend three contracts related to the supply of Malaysian passports.

KNM said it has missed coupon payment on bond issued in Thailand worth RM352.57mil.

JF Apex noted that Duopharma, NCT Alliance, MISC, Sime Darby Plantation, UOA REIT, Tashin and showed strong year-on-year earnings results.

On the other hand, Berjaya Sports Toto, Mega First, ELK-Desa Resources, Formosa Prosonic, DRB-Hicom and Star Media Group posted lower year-on-year results.

Overnight, the U.S. market ended mixed with S&P 500 rises in choppy sessions given after strong earnings results from Nvidia.

Meanwhile, European stocks tumbled as inflation data hit sentiment.

“Following the recent sideways movement, the FBM KLCI is expected to remain flat above the support of 1,515 points,” JF Apex said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

US and UK should be welcoming talent, not driving it away
Short Position: Ringgit rebound, PETRONAS earnings
KWAP seeks stronger income growth
What’s in fashion
Brexiteers, no one wants your regulatory bonfire
EcoWorld redefines concept behind industrial parks
S’pore chips away at HK’s hedge fund dominance
Ringgit seen strengthening further
Hibiscus gets debt boost
Navigating a ‘perfect positive storm’

Others Also Read