Trading ideas: KLCCP Stapled Group, Lambo, Teladan Setia, Lotte Chemical Tital, CTOS Digital and Pasukhas

KUALA LUMPUR: Stocks that could see increased trading interest in Thursday include KLCCP Stapled Group, Lambo, Teladan Setia, Lotte Chemical Tital, CTOS Digital and Pasukhas, said Apex Research.

KLCCP Stapled Group Bhd has recorded a near four-fold rise in net profit to RM279.47 million for 4QFY2022 from RM70.33 million a year earlier, boosted by strong recovery in the retail and hotel segments.

Lambo Group Bhd’s external auditor has expressed a disclaimer of opinion in the group’s financial statement due to lack of audit evidence on financials relating to its subsidiary Fujian Accsoft Technology Development Co Ltd.

Teladan Setia Group Bhd has entered into a sales and purchase agreement to purchase a piece of vacant commercial land in Melaka Tengah for RM48.54 million.

Lotte Chemical Titan Holding Bhd (LCT) posted a net loss of RM317.22 million.

CTOS Digital Bhd’s net profit rose 13.1% to RM13.7 million in 4QFY2022 compared with RM11.9 million it earned in the same period in 4QFY2021.

Pasukhas has won a RM21m construction job in Kulai.

Meanwhile, Apex said there could be some bargain-hunting activities below the resistance of 1,500 points following the FBM KLCI's retreat in the previous trading day.

The US market closed higher overnight in an intraday turnaround as investors shook off a 0.25% rate hike from the Fed.

Earlier, European market close slightly lower as the FED’s latest interest rate decision loomed.

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