Trading ideas: Unisem, Vitrox, F&N, IGB REIT, CapitaLand Malaysia Turst, Kossan Rubber Industries, GIIB, Petronas Gas, Shin Yang Shipping, Top Glove Corp and Anzo Holdings


KUALA LUMPUR: Stocks in focus on Thursday could include Unisem (M) Bhd, Vitrox Corp, Fraser & Neave Holdings, IGB Real Estate Investment Trust (REIT), CapitaLand Malaysia Turst, Kossan Rubber Industries, GIIB Holdings, Petronas Gas, Shin Yang Shipping Corp, Top Glove Corp and Anzo Holdings, according to JF Apex Research.

Unisem (M) Bhd's net profit for 1Q22 rose 11.63% YoY to RM50.69mil.

Vitrox Corporation Bhd’s net profit in 1Q22 jumped by almost 63% to RM50.02mil.

Fraser & Neave Holdings Bhd’s (F&N) net profit fell 9.32% YoY to RM93.87mil for the second quarter ended March 31, 2022.

IGB Real Estate Investment Trust (REIT) saw its net property income for 1Q22 soar 72.7% to RM107.71mil.

Capitaland Malaysia Trust (CLMT) posted a 45% rise in net property income to RM36.1mil for the quarter ended March 31, 2022.

Kossan Rubber Industries Bhd posted a 91% plunge in net profit to RM90.1mil in the 1Q22.

From RM1.04bil a year ago, GIIB Holdings Bhd announced a further 14-day suspension of its executive director Wong Weng Yew pending investigation by an external independent auditor.

Petronas Gas Bhd (PetGas) plans to allocate RM1.4bil in capital expenditure for the current year, compared with RM1.2bil last year.

Shin Yang Shipping Corporation Bhd has proposed to acquire 100% of Piasau Gas Sdn Bhd for RM22.8mil cash.

Top Glove Corp Bhd will cancel RM40mil worth of Islamic bonds under the its subsidiary’s RM3 billion perpetual sukuk programme pursuant to its buy-back transaction notification.

Anzo Holdings Bhd was served a show-cause notice by Bursa Securities over the suspension and delisting of its securities.

Meanwhile, JF Apex said the FBM KLCI could remains flat below the resistance of 1,620 points following the recent sideways movement.

The US market ended mixed overnight with the Dow Jones and the S&P rising but the Nasdaq declining following quarterly earnings announcement.

European stocks climbed amid the corporate earnings season and ongoing war in Ukraine.

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