Trading ideas: MyNews, Sapura Energy, Reach Energy, AAX, DNeX

KUALA LUMPUR: Stocks to watch on Tuesday include MyNews Holdings Bhd, Sapura Energy Bhd, Reach Energy Bhd, AirAsia X Bhd (AAX) and Dagang Nexchange Bhd (DNeX), according to JF Apex Research.

MyNews posted its ninth consecutive quarter in the red, with a net loss of RM10.22mil for 2QFY23.

Sapura Energy returned to the black in the 1QFY23 with a net profit of RM91.93mil.

MTD Capital Bhd has ceased to be a substantial shareholder of Reach Energy after disposing of a 10.36% stake or 114 million shares in the open market on June 24.

AAX announced the resignation of Tan Sri Rafidah Aziz as its chairman effective July 1.

DNeX signed a MoU with Saudi Arabia-based Ajlan & Bros Holding Group (Abilitii) to explore business synergy between the two companies.

Meanwhile, the US market was slightly lower overnight after last week's rebound as investors wait for June consumer confidence data to be released later today.

European stocks gained to extend their positive momentum.

“Following the recent uncertainty, the FBM KLCI could remain sideways above the support of 1,430 points,” JF Apex said.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

MyNews , Sapura Energy , Reach Energy , AAX , DNeX


Next In Business News

JCorp, Tiong Nam to develop logistics park in Sedenak Technology Valley
Glove counters slump, dominate active list on Bursa
Malaysia Airlines signs provisional deal for 20 Airbus A330neos
Oil sheds more than $1 as China data disappoints
Bursa Malaysia to launch voluntary carbon market exchange
Thai GDP notches fastest growth in a year on eased Covid curbs
Chinese developers in 'survival mode' slashes property investment
China stocks slip on slowdown fears despite surprise rate cuts
China unexpectedly cuts key rates as economic data disappoints
Blue chips continue to rise amid overall weaker market

Others Also Read