Trading ideas: Kossan, Maxis, Kelington, Inta Bina, Carimin and AirAsia X


KUALA LUMPUR: Stocks that could see increased investor attention on Thursday include Kossan, Maxis, Kelington, Inta Bina, Carimin and AirAsia X, said Apex Research.

In its news round-up, the research firm reported that Kossan Rubber Industries Bhd's net profit for 3Q22 plummeted 95.6% YoY to RM23.26 million.

Maxis Bhd will seek the consent of its shareholders to enter into the 5G access agreement with Digital Nasional Bhd (DNB).

Kelington Group Bhd has secured new contracts with a combined value of RM262 million.

Inta Bina Group Bhd has won a RM87.92 million contract from Eco Sanctuary Sdn Bhd to construct apartments in Kuala Langat district in Selangor.

Carimin Petroleum Bhd’s unit has obtained a contract extension from Petronas Carigali Sdn Bhd for the provision of offshore maintenance, construction and modification services.

AirAsia X Bhd (AAX) has been granted an extension of time up to April 28, 2023 to submit its PN17 regularisation plan to the regulatory authorities.

Meanwhile, Apex said the FBM KLCI could pull back and hover below the resistance of 1,462 points following the decline on Wall Street.

The US market plunged overnight after the Federal Reserve hiked interest rates by 75 basis points and signals intent to continue raising rates.

Earlier, European stocks declined ahead of the Fed's decision.



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