Trading ideas: Cape EMS, MYEG, Muhibbah, Green Packet, Mesiniaga, Eurospan, PetGas, MR DIY and XL

KUALA LUMPUR: Stocks to watch for on Tuesday include Cape EMS, MYEG, Muhibbah, Green Packet, Mesiniaga, Eurospan, PetGas, MR DIY and XL, said Apex Securities Research.

Cape EMS Bhd saw its third quarter net profit rise 47.01% to RM15.21 million, from RM10.38 million a year earlier.

MyEG Services Bhd’s third quarter net profit fell 20.38% to RM120 million, from RM150.71 million a year earlier.

Muhibbah Engineering (M) Bhd has bagged two contracts amounting to RM479 million, for the provision of construction works in Perak and Terengganu.

Green Packet Bhd said it is not proceeding with its proposed disposal of its entire 100% stake in Oasis Capital Investment Bank Ltd (OCIB) after the investment bank failed to obtain the required approval from the Labuan Financial Services Authority (LFSA).

Mesiniaga Bhd has secured a RM38 million contract with the Royal Malaysian Customs Department.

Eurospan Holdings Bhd’s proposed RM54.55 million sale of its furniture manufacturing unit and properties in Seberang Perai to its controlling shareholder for future leaseback has been deemed “fair and reasonable” by independent adviser.

Petronas Gas Bhd’s net profit rose 10.01% year-on-year (y-o-y) in the third quarter ended Sept 30, 2023 (3QFY2023).

MR DIY Group (M) Bhd has posted a 22.5% increase in its net profit for the third financial quarter ended Sept 30, 2023 (3QFY2023) to RM123.95 million.

XL Holdings Bhd is buying 25% equity interest in Sabah-based Samajutera Sdn Bhd to venture into seaweed cultivation activities through Samajutera’s 70%-owned subsidiary, WAF Holding Sdn Bhd.

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