Trading ideas: Celcom-Digi, MAHB, Capital A, Public Bank, CIMB, AMMB, FGV, BCorp


KUALA LUMPUR: Stocks to watch on Thursday include Celcom Axiata Bhd, Digi.com Bhd, Malaysia Airports Holdings Bhd (MAHB), Capital A Bhd, Public Bank Bhd, CIMB Group Holdings Bhd, AMMB Holdings Bhd, FGV Holdings Bhd, Berjaya Corp Bhd and Pesona Metro Holdings Bhd, according to Apex Research.

Celcom and Digi have completed the merger of their telco operations.

MAHB recorded 8.34 million passengers across its network of airports in October 2022.

Capital A posted a wider net loss of RM901.31mil for 3Q22.

Public Bank’s net profit for 3Q22 rose 16.8% year-on-year (YoY) to RM1.59bil.

CIMB returned to the black in 3Q22 with a net profit of RM1.41bil.

FGV registered a near 40% YoY fall in net profit in 3Q22 to RM241.67mil.

AMMB’s net profit for 2QFY23 rose 35.6% YoY to RM435.40mil.

Bank Islam’s net profit for 3Q22 jumped 40.57% YoY to RM142.86mil.

Serba Dinamik's net loss swelled to RM104.6mil for 1QFY23.

Mah Sing's net profit grew 17% YoY to RM47.06mil for 3Q22.

Berjaya Corp narrowed its net loss to RM16.42mil for the 1QFY23.

Pesona Metro has received a takeover offer from major shareholder Wie Hock Kiong to acquire 278.03 million shares or a 40.01% stake in the group at a price of 19 sen per share.

Overnight, the US market rallied overnight after the Federal Reserve Chair Jerome Powell signalled slower interest rate hikes going forward.

The Dow Jones Industrial Average closed up 737.24 points, or 2.18%, to 34,589.77. Meanwhile, the tech-heavy Nasdaq Composite jumped 4.41% to 11,468.00. The S&P 500 added 3.09% to 4,080.11.

Earlier, European stocks gained after November inflation data was lower than expected as investors hope that the European Central Bank will slow interest rate hikes next month.

“Following the rally in Wall Street, the FBM KLCI could extend its rebound towards the resistance of 1,500 points,” Apex said.

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Digi , MAHB , Capital A , Public Bank , CIMB , AMMB , FGV , BCorp , Pesona Metro

   

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