Trading ideas: DNeX, MISC, SunREIT, Mega First, Inari Amertron, Gas Malaysia, SP Setia, Dayang, Kelington and YNH Property

KUALA LUMPUR: Stocks to watch for on Monday include DNeX, MISC, SunREIT, Mega First, Inari Amertron, Gas Malaysia, SP Setia, Dayang, Kelington and YNH Property, said Apex Research.

Dagang Nexchange hit limit down on Thursday, after its 60% investment in SilTerra Malaysia Sdn Bhd got stuck in limbo.

MISC's net profit for 3Q22 more than doubled YoY to RM820.6 million.

Sunway REIT's net property income jumped 81.8% YoY to RM128.24 million in 3Q22.

Mega First’s net profit grew 34.4% YoY to RM119.46 million for 3Q22.

Inari Amertron’s net profit eased 0.6% YoY to RM106.25 million for 1QFY23.

Gas Malaysia's 3Q22 net profit surged 53.4% YoY to RM95.66 million, SP Setia's net profit surged more than six times YoY to RM70.18 million in 3Q22.

Dayang Enterprise’s 3Q22 net profit surged 178.6% YoY to RM52.9 million.

Kelington saw its net profit doubled YoY to RM15.7 million for 3Q22.

YNH Property is disposing two retail malls to raise RM422.5 million to pare down bank borrowings and for working capital requirements.

Meanwhile, Apex said the local market could face negative sentiment following the outcome o the general election, which resulted in a hung parliament.

"Due to the political uncertainty, the FBM KLCI could test its immediate and second support levels at 1420 and 1370 points respectively," it said.

It added that sin-stocks like Genting, Genting Malaysia, Heineken and Carlsberg could be under selling pressure following concerns of PAS forming the federal government.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Hong Kong's cenbank raises interest rate after Fed hike, HSBC keeps rate unchanged
Maybank’s financial literacy programme reaches out to over 37,000 students in 2022
Oil climbs as dollar slumps, OPEC+ keeps output cut policy
Shell makes record US$40bil annual profit
Sony Q3 profit down 7.8%, but beats analysts' estimates
Adani group's market losses hit US$100bil as stocks sink after botched share sale
DNeX secures maintenance job for IRB tax system
Oil climbs as dollar slumps, Opec+ keeps output cut policy
Kerjaya Prospek subsidiary bags RM135.41mil design-and-build job
Tech counters surge on Bursa

Others Also Read