Trading ideas: Felda, Heineken, Berjaya Food, Syarikat Takaful, AME Elite, KPower and ATA IMS

KUALA LUMPUR: Stocks to watch for on Thursday include Felda, Heineken, Berjaya Food, Syarikat Takaful, AME Elite, KPower and ATA IMS, according to JF Apex Research.

Felda has exercised its put option to sell 37% stake in Eagle High to Rajawali.

Heineken's 1Q22 profit rose 54% YoY to RM113.4m, Berjaya Food 3QFY22 net profit more than doubled YoY to RM31.6mil.

Syarikat Takaful 1Q22 net profit dropped 14.2% YoY to RM86.8m.

AME Elite has secured shareholders’ approval for the listing of AME REIT on the Main Market.

KPower has won the bid to develop SEDA’s 40.4MW hydro power plants in Kelantan and ATA IMS appoints Dharma Rajan Nadarajah as COO.

Meanwhile, JF Apex said the FBM KLCI remains under pressure and could trend sideways above the support of 1,540 points.

The US market extended its losses overnight after April inflation data came above expectations and close to its 40-year high.

Earlier, European stocks climbed as investors shrugged off concerns over US' hot inflation data.

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 falls on uncertainty over fuel demand recovery
Asian shares bounce as China moves to boost housing
IMF urges Asia to be mindful of spillover risks from tightening
Shanghai economy hit on all sides in April by Covid lockdown
Sime Darby Plantation's 1Q net profit lifted to RM718mil on higher CPO, PK prices
Pharmaniaga posts net profit of RM27.72mil in 1Q, declares 0.8 sen div
FBM KLCI stays positive amid volatility in plantations stocks
MPIC in the midst of discussions with MoF to slash palm oil export tax
Khazanah partners SK ecoplant to help grow waste management services unit
Ringgit rebounds against US$ at opening

Others Also Read