Trading ideas: Matrix Concepts, Vizione, Affin Bank, PetDag, TM, Media Prime, Genting Plantations, Hap Seng Plantations


KUALA LUMPUR: Stocks that may come on to investors' radar screen on Thursday include companies with recent corporate and earnings announcements, said JF Apex Research.

Matrix Concepts Holdings Bhd as it is buying 1,382.2 acres of land in Malaysia Vision Valley 2.0 (MVV2.0), Negeri Sembilan from NS Corporation (NS Corp), the State’s development arm, for RM460 million.

Vizione Holdings Bhd is buying property development company Midlands City Sdn Bhd from its managing director for RM38 million cass.

Companies with improved quarterly earnings include Affin Bank, Petronas Dagangan, Telekom Malaysia, Media Prima, Genting Plantations, Hap Seng Plantations Holdings, Innoprise Plantations, Sunway, UEM Sunrise, Amway (Malaysia) Holdings, Hibiscus Petroleum, Far East Holdings and Sam Engineering.

Companies with lower quarterly profit were Allianz Malaysia, ATA IMS, Farm Fresh and Muda Holdings.

Meanwhile, JF Apex said the FBM KLCI could bounce off the 50-day moving average at 1,465 points following the recent decline.

The US market was slightly higher overnight as investors look to the Federal Reserve chairperson's Jackson Hole speech tomorrow for hints on interest rate hikes.

Similarly, European stocks climbed after hawkish comments from the Minneapolis Federal Reserve president.



Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Waz Lian founder Tan Sri Ta Kin Yan passes away at 72
Oil posts weekly gain on solid 2024 demand outlook
Prabowo aims to raise Indonesia debt-to-GDP ratio toward 50%
Laundry Care ventures into linen rental business
Oriental Kopi files for Bursa IPO
BHIC wins RM1bil govt job
MI Technovation prepares for chip recovery
Local furniture export outlook hinges on US housing market
Luxury labels slash prices to attract wary shoppers
Delay in rate cuts but bonds rally

Others Also Read