Trading ideas: MAHB, Capital A, MISC, Ranhill Utilities, Hup Seng Industries, Pertama Digital, Green Packet and KPower


KUALA LUMPUR: Stocks that could come onto investors' radar screen on Thursday include MAHB, Capital A, MISC, Ranhill Utilities, Hup Seng Industries, Pertama Digital, Green Packet and KPower, said JF Apex Research.

Malaysia Airports Holdings Bhd and Capital A Bhd have both decided to drop legal proceedings against each other.

MISC Bhd announced that it has, via a consortium, been awarded liquefied natural gas (LNG) shipping charter contracts by QatarEnergy for seven new LNG carriers that will be built by Hyundai Heavy Industries Co Ltd.

Ranhill Utilities Bhd has obtained a four-year extension of a power purchase agreement (PPA) from Energy Commission (EC) to develop a 50 MW large scale solar plant under large scale solar phase in Perak.

Hup Seng Industries Bhd 2Q22 net profit dropped 15% YoY to RM3.04 million.

Pertama Digital Bhd shareholders have approved to dispose of its entire equity interest in China-based textile subsidiary BeTop to Gifted Investments Ltd for a total consideration of RM70 million.

Green Packet Bhd has disposed of its remaining shares in G3 Global Bhd for RM5.78 million.

KPower Bhd has received approval from the Terengganu government to develop affordable and mixed housing development on 18.959ha.

Meanwhile, JF Apex said the FBM KLCI could stage a rebound towards the resistance of 1,510 points following the rally on Wall Street.

The US market rallied overnight after slower-than-expected July inflation data.

Similarly, European stocks surged after slower US CPI could tame the US Federal Reserve's aggressive stance in rate hikes.

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