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.

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