Trading ideas: CIMB, Hong Leong Bank, PPB, IHH, Capital A, Guan Chong, Ekovest, Takaful and Leong Hup

KUALA LUMPUR: Stocks in focus on Thursday include CIMB, Hong Leong Bank, PPB, IHH, Capital A, Guan Chong, Ekovest, Takaful and Leong Hup, said Apex Research.

CIMB Group Holdings Bhd’s 1Q23 net profit grew 15.27% to RM1.64 billion.

Hong Leong Bank Bhd’s 3QFY23 net profit rose 18.5% to RM929.96 million.

PPB Group Bhd's 1Q23 net profit jumped 24.53% to RM377.54 million.

IHH Healthcare Bhd posted a net profit of RM1.39 billion in 1Q23 thanks to disposal gain.

Capital A Bhd posted its second straight quarterly net profit of RM57.1 million in 1Q23.

Guan Chong Bhd's 1Q23 net profit fell 55.4% to RM23.76 million.

Ekovest Bhd’s net loss doubled to RM15.86 million in 3QFY23.

Syarikat Takaful Malaysia Keluarga Bhd's 1Q23 net profit rose 21.13% to RM93.44 million.

Leong Hup International Bhd’s 1Q23 net profit rose 8.67% to RM22.14 million.

Meanwhie, the US market declined overnight ahead of the final vote to raise the debt ceiling deal.

Earlier, European markets declined as US lawmakers prepare to vote ahead of the US debt ceiling deadline.

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