Trading ideas: Hartalega, KLCC Stapled Group, Texchem Resource, Leong Hup, ILB, Green Packet and G3 Global


KUALA LUMPUR: Investors could be eyeing stocks with recent corporate announcements including Hartalega, KLCC Stapled Group, Texchem Resources, Leong Hup, ILB, Green Packet and G3 Global, said JF Apex Research.

Hartalega Holdings Bhd's 1QFY23 net profit slumped to RM88.28 million from RM2.26 billion a year earlier.

KLCC Stapled Group Bhd's net profit for 2Q22 rose 14.69% to RM165.18 million.

Texchem Resources Bhd’s 2Q22 net profit jump about 16 times to RM6.73 million.

MyCC has proposed to impose a financial penalty of RM157.47 million on Leong Hup International Bhd's unit Leong Hup Feedmill Malaysia Sdn Bhd.

ILB Group Bhd has filed an application to strike out a suit filed by minority shareholder BT Investment Capital Ltd, which wants to block ILB from acquiring commercial property in Petaling Jaya.

Green Packet Bhd further reduced its stake in G3 Global Bhd to 4.67%, after selling 40 million shares for RM20 million.

Meanwhile, JF Apex said the FBM KLCI could take a breather and remain sideways below the resistance of 1,510 points following the recent pullback.

The US market declined overnight as investors were cautious ahead of July's CPI data to be announced later tonight.

Earlier, European stocks also declined amid corporate earnings and investors waiting for the US inflation figures.

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