Trading ideas: Gamuda, Astro Malaysia, United Malacca, Infomina, Samaiden, Beshom and Ireka


KUALA LUMPUR: Stocks with recent corporate news flow include Gamuda, Astro Malaysia, United Malacca, Infomina, Samaiden, Beshom and Ireka, said Apex Research.

Gamuda Bhd, together with its partner Castleforge Partners Ltd, has bought the eight-storey commercial building Winchester House London for RM1.39 billion.

Astro Malaysia Holdings Bhd’s 4QFY23 net profit climbed almost 9 times to RM54.75 million.

United Malacca Bhd’s net profit dropped 57.97% to RM12.71 million in 3QFY23.

Infomina Bhd has secured a contract worth RM23.9 million from the Philippine National Bank (PNB) for the provision of technology application and infrastructure operations.

Samaiden Group Bhd has received Bursa Malaysia’s approval to transfer of its listing from the ACE Market to the Main Market.

Beshom Holdings Bhd’s net profit fell by 66.28% to RM2.60 million in 3QFY23.

Ireka Corp Bhd was served with a writ from AmBank (M) Bhd, claiming RM4.24 million from the group.

Meanwhile, Apex said the FBM KLCI could remained buoyed above the support of 1,384 points following gains on Wall Street.

The US market was mixed overnight with the Dow and S&P rising due to a rebound in banking stocks while the Nasdaq declined.

Similarly, European stocks climbed, led by bargain hunting in banks as investor sentiment improved.

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