Trading ideas: AMMB, Public Bank, Press Metal, Frontken, MPI, Masteel, MBM Resources

KUALA LUMPUR: Corporate earnings results could be shining the spotlight on certain stocks on Bursa Malaysia on Monday following last Friday's announcements, according to JF Apex Research.

AMMB, Public Bank, Press Metal, Frontken, MPI, Masteel, MBM Resources, MyEG, Paramount, Samchem, Time dotCom, UMW, MFCB, Sunway, Able Global, Kelington, JHM achieved better y-o-y quarterly net earnings whilst TM, IOI Properties, Bumi Armada, Unisem, Greatech, KNM, Kimlun, KPower, Uzma, PIE recorded weaker y-o-y net profit on their quarterly results.

Pharmaniaga has inked Memoranda of Understanding with two biotechnology companies based in Thailand for vaccine research and development and bioequivalence solutions as well as pharmaceutical product development innovation.

Sime Darby Property said it does not rule out the possibility of establishing a real estate investment trust “down the road” ahead as part of the group’s transformation journey from a pure-play property developer into a real estate company.

SIAB Holdings is making its listing debut today on the ACE Market of Bursa Malaysia.

Meanwhile, the FBM KLCI could be extending its rebound towards the resistance of 1,615 points following the positive performance on the US market last Friday.

The US market rallied in its previous session as sentiment improved after Russia said it was ready to have negotiations with Ukraine.

European stocks also rebounded sharply amid the ongoing development in the Russia-Ukraine crisis.