Trading ideas: Aeon Credit Service, Citaglonal, SCIB, Censof and Fajarbaru Builder

KUALA LUMPUR: Companies with recent corporate announcements include Aeon Credit Service, Citaglonal, SCIB, Censof and Fajarbaru Builder, said Apex Research.

Aeon Credit Service (M) Bhd’s 1QFY24 net profit fell 39.07% to RM99.36 million.

Citaglobal Bhd’s director Ikhlas Kamarudin has ceased to be a substantial shareholder after disposing of a 5.5% stake.

Sarawak Consolidated Industries Bhd (SCIB)’s former chairman Datuk Mohd Abdul Karim Abdullah has ceased to be a shareholder in the company, after having his 139.67 million shares, or a 23.996% stake, disposed of due to force-selling.

Censof Holdings Bhd has secured a RM13.38 million contract from the Companies Commission of Malaysia (SSM) to develop a financial management system.

Fajarbaru Builder Group Bhd’s unit has won a RM7.36 million contract from the Australian Department of Defence in the planning phase of military facilities redevelopment.

The US market rose overnight in a rebound as investors look forward to June’s CPI and PPI data later this week.

Earlier, European markets also climbed after low inflation data from China.

On the local market, the FBM KLCI gained 5.39 points or 0.39% to 1383.06 points.

"Following yesterday’s rebound, the FBM KLCI could remain sideways above its support of 1,372 points until next month’s state elections," said Apex Research.

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