Trading ideas: Revenue, MAHB, SCIB, Hextar Industries, EcoFirst and LYC

KUALA LUMPUR: Stocks that could see increased trading activity on Monday include Revenue Group, MAHB, SCIB, Hextar Industries, Ecofirst Consolidated and LYC Healthcare, said Apex Research.

The research firm reported that two of Revenue Group Bhd directors have been arrested by the MACC.

Malaysia Airports Holdings Bhd (MAHB) saw monthly passenger movements reaching a record high in December 2022 with 6.8 million passengers.

Sarawak Consolidated Industries Bhd (SCIB) said it has withdrawn from proposed contracts involving a specialist hospital project in Johor Bahru.

Hextar Industries Bhd’s net profit grew 30% YoY to RM4.01 million in the three months ended Nov 30, 2022.

EcoFirst Consolidated Bhd’s net loss widened to RM4.1 million in 2QFY2023.

LYC Healthcare Bhd expects the listing of its subsidiary, LYC Medicare (Singapore) Pte Ltd (LYCSG), on the Catalist Board of the Singapore Exchange Securities Trading Ltd to be completed by the first half of 2023 with gross proceeds of S$11.2 million (RM36.1 million).

Meanwhile, Apex said the FBM KLCI could retest its resistance of 1,500 points following the gains in the US market.

The US market climbed on Friday following corporate earnings while stronger-than-expected 4Q GDP could influence next week’s Federal Reserve policy meeting.

Earlier, European stocks advanced after the US’ economic growth beat expectations.

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