Trading ideas: Boustead Plantations, United Plantations, Velestro Energy, Datasonic, MI Technovation, MIche Capital Emas and Acme

KUALA LUMPUR: Stocks that could see increased investor attention following recent corporate announements include Boustead Plantations, United Plantations, Velestro Energy, Datasonic, MI Technovation, MIche Capital Emas and Acme, said Apex Research.

Boustead Plantations Bhd said it announced the resignation of its chief executive officer (CEO) Zainal Abidin Shariff effective.

United Plantations Bhd's net profit for 3Q22 jumped 27.62% YoY to RM196.72 million.

Velesto Energy Bhd has bagged a US$135 million (RM640 million) contract from Hess Exploration and Production Malaysia BV for the provision of integrated rig, drilling and completion (I-RDC) services.

Datasonic Group Bhd has clinched a contract worth RM140 million to supply foreign worker cards (i-Kads) to the Immigration Department for a period of three years.

MI Technovation Bhd’s net profit for the third quarter ended Sept 30, 2022 (3QFY2022) climbed 6.85% to RM20.25 million.

Niche Capital Emas Holdings Bhd has proposed a private placement to raise up to RM37.66 million to fund its mining business and working capital.

ACME Holdings Bhd is teaming up with Koperasi Kampung Melayu Balik Pulau Bhd (KKMBPB) to jointly develop seven parcels of land measuring about 178.34 acres in Penang with an estimated GDV of RM1.4 billion.

Meanwhile, Apex said the FBM KLCI could climb towards the resistance of 1,462 points following the positive performance on Wall Street.

The US market rallied overnight ahead of the midterm elections and Thursday's CPI data.

Similarly, European stocks advanced ahead of a busy week in US politics and inflation.

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