Trading ideas: Sime Darby Plantation, Fraser & Neave, Tropicana Corp, KSL and Cypark Resources

KUALA LUMPUR: Stocks in focus on Tuesday include Sime Darby Plantation, Fraser & Neave, Tropicana Corp, KSL and Cypark Resources, said Apex Research.

Sime Darby Plantation Bhd said it is optimistic that it will soon be allowed to resume exports to the United States.

Fraser & Neave Holdings Bhd’s (F&N) net profit more than doubled.

Tropicana Corp Bhd is selling a 10.85-acre piece of land in Pontian, Johor, to KSL Holdings Bhd for RM21.27 million.

Cypark Resources Bhd will operate a solid waste modular advanced recovery and treatment waste-to-energy (SMART WTE) plant at Ladang Tanah Merah in Port Dickson.

Meanwhile, Apex said it expects the local market may see some selldown and profit-taking after it traded in positive territory in the previous week below the resistance of 1,500 points.

The US market ended lower as investors shifted gears after considering the possibility that the US Federal Reserve may stay the high interest rate environment for the longer time.

Similarly, European market close lower as investors gauge the economic outlook after assessed the latest economic data and interest rate outlook.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Scientex enters JV in foray into Indonesian property project
Bursa gains as bank stocks retrace losses
Khazanah Nasional records RM1.6bil profit in FY22
Singapore second most expensive business location in Asia - ECA International
Ringgit opens higher amid move to EM currencies
RHB's valuations, yields remain attractive
Bursa rallies as contagion risk subsides
Trading ideas: Revenue, Theta Edge, Fast Energy and Leform
Bank stocks fall as Credit Suisse sale fails to calm investors
MyEG’s Web-3 based technology seen to boost earnings

Others Also Read