Trading ideas: Genting, Genting Malaysia, UMW, Padini, AirAsia
KUALA LUMPUR: Genting Bhd , Genting Malaysia Bhd , UMW Holdings Bhd , Padini Holdings Bhd , AirAsia Group Bhd are among the stocks to watch on Thursday, according to JF Apex Research.
The research house said Genting, Genting Malaysia, UMW, Padini, Thong Guan, Aeon, Serba Dinamik, Velesto Energy , Pentamaster as their net earnings improved year-on-year.
On the other hand, Mitrajaya, AirAsia, Pos Malaysia, Hengyuan, Eita Resources, Engtex, DNex, Protasco saw their quarterly results decline year-on-year.
Genting Bhd’s net profit jumped nearly five times to RM655.16mil in the fourth quarter ended Dec 31, 2018 (4QFY18) from RM132.1mil a year ago. Its quarterly revenue grew 2.63% to RM5.4bil from RM5.26bil in 4QFY17.
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