Trading ideas: Top Glove, Kein Hing, Capital A, T7 Global, K-One and TM

KUALA LUMPUR: Stocks to watch for on Thursday include Top Glove, Kein Hing, Capital A, T7 Global, K-One and TM, said Apex Research.

In a report, the research firm said Top Glove Corp Bhd announced its second straight quarterly loss of RM168.24 million for 1QFY23.

Kein Hing International Bhd's net profit more than doubled to RM10 million for its 2QFY23.

Capital A Bhd’s logistics venture Teleport has raised new growth capital of RM220 million from large institutional credit investors to extend its delivery capabilities in Southeast Asia.

T7 Global Bhd and Siemens Logistics Pte Ltd have won a contract to update the baggage handling system at Terminal 1 of KLIA.

K-One Technology Bhd has secured approval from the Ministry of Health’s Medical Device Authority (MDA) to distribute acne patches.

Telekom Malaysia Bhd has announced an internal reorganisation, which involves the transfer of its business in Malaysia to a single operating entity named TM Technology Services Sdn Bhd.

Meanwhile, Apex said it expects the index to trend higher towards 1,500 as the year-end window-dressing approaches.

The US market tumbled overnight after the Federal Reserve signaled that more data was needed to show that inflation has peaked.

Earlier, European stocks were mixed after the Fed raised interest rate by 50 basis points. Investors will be looking forward to today's monetary policy decisions by central banks in England, Switzerland and Europe.

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Apex , Trading Ideas , Top Glove , Kein Hing , Capital A , T7 Global , K-One , TM


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