Trading ideas: LPI Capital, Wasco, Globetronics, AirAsia X, Atrium REIT, Privasia, Duopharma, Frontken and TDM

KUALA LUMPUR: Companies making headlines for corporate announcement include LPI Capital, Wasco, Globetronics, AirAsia X, Atrium REIT, Privasia, Duopharma, Frontken and TDM, said Apex Research.

PI Capital Bhd’s net profit in the third quarter ended Sept 30, 2023 (3QFY2023) climbed 22.96% to RM97.37 million.

Wasco Bhd's wholly-owned subsidiary has secured a RM161.86 million contract for the supply of prefabricated buildings for a project in Africa.

Globetronics Technology Bhd expects a decline in profitability for FY2023, after net profit slipped 25.43% to RM9.53 million for 3QFY2023.

AirAsia X Bhd (AAX) achieved a passenger load factor of 80% for the third quarter of 2023 (3Q2023), up 7% year-on-year (y-o-y) while seat capacity surged over nine times, hitting 1.01 million seats flown.

Atrium Real Estate Investment Trust's (REIT) net profit for 3QFY2023 fell 4.1% y-o-y to RM5.15 million.

Privasia Technology Bhd has clinched a RM42.09 million contract to provide information and communications technology (ICT) equipment rental services in school computer labs in Perlis, Kedah and Penang.

Duopharma Biotech Bhd has secured another six-month contract extension for the new approved products list (APPL) to supply pharmaceutical and non-pharmaceutical products to government hospitals and clinics.

Frontken Corp Bhd’s net profit fell 23% to RM26.75 million in 3QFY2023.

TDM Bhd is acquiring an entire stake in Hospital Bersalin Razif Sdn Bhd for RM15 million, cash.

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