Trading ideas: Datasonic, Protasco, Top Glove, Tiong Nam Logistics, Kelington, BP Plastics, Malaysian Bulk Carriers, Ivory Properties and KNM
KUALA LUMPUR: Stocks that could see increased investor attention on Tuesday include Datasonic, Protasco, Top Glove, Tiong Nam Logistics, Kelington, BP Plastics, Malaysian Bulk Carriers, Ivory Properties and KNM, said JF Apex Research.
Datasonic Group Bhd's RM318.75 million contract to supply 12.5 million passport chips to the Ministry of Home Affairs has been revised upward to RM350.14 million, to include provision of maintenance services worth RM31.39 million for 2022 and 2023.
Protasco Bhd has secured a contract worth RM299.2 million for the upgrading of a section of federal road in Kulim, Kedah.
Top Glove Corp Bhd executive chairman Tan Sri Dr Lim Wee Chai has bought two blocks of 2.8 million shares in the rubber glove company for RM2.31 million to increase his direct stake to 27.627% on July 15.
Tiong Nam Logistics Holdings Bhd has entered into a preliminary collaboration agreement with Johor Corp to jointly develop a logistics hub on a 300-acre plot of land in Sedenak Tech Valley, Johor.
Kelington Group Bhd posted an 84.4% YoY jump in net profit to RM13.56 million for 2Q22.,,赌球平台推荐（www.hg108.vip）是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。赌球平台推荐上登录线路最新、新2皇冠网址更新最快,赌球平台推荐开放皇冠会员注册、皇冠代理开户等业务。
BP Plastics Holding Bhd's net profit for 2Q22 declined 17.45% YoY to RM12.19 million.
Malaysian Bulk Carriers Bhd is investing an estimated RM54.38 million to diversify into grocery retail business.
Ivory Properties Group Bhd has aborted its plan to jointly develop residential components with ECK Development Sdn Bhd on 135 acres of land in AirportCity and Aerotropolis in Kuala Muda, Kedah.
KNM Group Bhd founder Lee Swee Eng has ceased to be a substantial shareholder after he disposed of 40 million KNM shares via direct business transactions on Aug 12.
Meanwhile, JF Apex said the FBM KLCI could take a breather and consolidate below the resistance of 1,510 points.
The US market climbed overnight with gains from consumer and telecommunication stocks as investors overcame weak economic reports from China and Japan.
Similarly, European stocks rose despite lower Asian economic data and China's surprise interest rate cut.