KUALA LUMPUR: There could be increased trading in Pesona Metro, BHIC, Pharmaniaga
, Supermax, CJ Century, MPI, Pos Malaysia, Kawan Food, Berjaya Food, Time dotCom, Magnum, Dialog, Itmax and Malaysian Flour Mills, said Apex Research.
Pesona Metro Bhd has bagged a construction contract worth RM242.2 million for the main building works of a mixed development project in Kuala Lumpur.
Boustead Heavy Industries Corp Bhd (BHIC) has won two contracts with a combined value of RM140.06 million from the Ministry of Defence.
Pharmaniaga Bhd’s 1Q23 net profit dropped to RM2.65 million.
Supermax Corp Bhd’s 3QFY23 net loss narrowed to RM39.92 million.
CJ Century Logistics Holdings Bhd’s 1Q23 net profit more than halved to RM3.75 million.
Malaysian Pacific Industries Bhd (MPI) fell into the red with a net loss of RM17.83 million for 3QFY2023.
Pos Malaysia Bhd’s 1Q23 net loss narrowed to RM27.66 million.
Kawan Food Bhd's 1Q23 net profit shrank 8.37% to RM7.88 million.
Berjaya Food Bhd (BFood)’s 3QFY23 net profit dropped 49.5% to RM15.94 million.
TIME Dotcom Bhd’s 1Q23 net profit rose 26.32% to RM114.51 million.
Gas Malaysia Bhd’s 1Q23 net profit grew 4.2% to RM95.1 million.
Magnum Bhd's 1Q23 net profit dipped 5.28% to RM15.78 million.
Dialog Group Bhd’s 3QFY23net profit slipped 1.7% to RM130.81 million.
ITMax System Bhd's 1Q23 net profit jumped 127.4% to RM15.19 million.
Malayan Flour Mills Bhd’s 1Q23 net profit shrank 48.6% to RM10.44 million.
Overnight, the US market rose overnight to its highest since August following optimism that the debt ceiling could be resolved next week.
Similarly, European markets climbed after progress in the US’ debt ceiling negotiations.
"Following the positive performance on Wall Street, the FBM KLCI could retest its resistance of 1431 points," said Apex.
