Trading ideas: AirAsia X, DRB-Hicom, Sports Toto, Nestle, Star Media Group, George Kent, MMAG and Nestcon

KUALA LUMPUR: Stocks that could see increased investor attention include AirAsia X, DRB-Hicom, Sports Toto, Nestle, Star Media Group, George Kent, MMAG and Nestcon, said Apex Research.

AirAsia X Bhd's net profit in 6QFP2022 rose by six folds QoQ to RM153.48 million.

DRB-Hicom Bhd slipped into the red with a net loss of RM100.06 million in 4Q22.

Sports Toto Bhd’s net profit grew 21.77% YoY to RM64.86 million for 2QFY23.

Nestlé (Malaysia) Bhd saw an 18.5% YoY rise in net profit to RM132.85 million.

Star Media Group Bhd returned to the black with a net profit of RM388,000 in 4Q22.

George Kent (Malaysia) Bhd slipped into the red for its 3QFY2023 with a net loss of RM2.66 million.

Sunway Construction Group Bhd's net profit for 4Q22 declined 29.48% YoY to RM45.65 million.

MMAG Holdings Bhd has suspended the executive functions of two directors of its 80%-owned air cargo logistics unit pending the outcome of a Malaysian Anti-Corruption Commission (MACC) investigation.

Nestcon Bhd has secured a RM154 million contract to build office suites and serviced apartments on Jalan Duta Kiara, Mont Kiara.

Meanwhile, Apex said the FBM KLCI could trend lower towards the support of 1,464 points following the negative performance on Wall Street.

The US market tumbled overnight amid underperforming corporate results and concerns over interest rates ahead of today’s release of the Federal Reserve’s meeting minutes.

Similarly, European stocks declined amid uncertainties over inflation and interest rates.

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