Trading ideas: Press Metal, Inari Amertron, IOI Properties, Padini, Dutch Lady, Farm Fresh and Karex

KUALA LUMPUR: Stocks that could see trading action on Monday include Press Metal, Inari Amertron, IOI Properties, Padini, Dutch Lady, Farm Fresh and Karex, said Apex Research.

Press Metal Aluminium Holdings Bhd has achieved a record high revenue and net profit for the second consecutive year.

Inari Amertron Bhd’s net profit fell 12.76% to RM93.61 million for 2QFY2023.

IOI Properties Group Bhd saw its net profit surge by more than three folds to RM401.98 million in 2QFY23.

Padini Holdings Bhd’s net profit increased 20.1% to RM73.14 million for its 2QFY23.

Dutch Lady Milk Industries Bhd slipped into the red after posting a net loss of RM20.23 million for 4Q22.

Farm Fresh Bhd’s net profit for 3QFY23 jumped 63.8% to RM18.77 million.

Karex Bhd returned to the black with a net profit of RM2.03 million in 2QFY23.

Meanwhile, Apex said the FBM KLCI could trend lower towards the support of 1,451 points following the bearish performance on Wall Street.

The US market plunged on Friday over inflation concerns after personal consumption expenditures price index was higher than expected.

Similarly, European declined after Germany GDP declined.

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