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Trading ideas: NTPM, Yinson, Fintec Global, PetChem, Scientex

TheStar Thu, Jun 27, 2019 09:07am - 5 months ago

KUALA LUMPUR: Stocks on investors' radar screens today include NTPM, Yinson , Fintec Global, Petronas Chemicals and Scientex, said JF Apex research in its daily highlights report. 

NTPM plunged into the red with a net loss of RM4.85mil  for the fourth quarter ended April 30, 2019, compared to a net profit of RM1.18mil a year earlier.

Yinson’s net profit in 1QFY20 fell 17.5% yoy due to a higher portion of profit to non-controlling interests coupled with lower quarterly revenue, -11.13% yoy.

Fintec Global has axed its plan to acquire a 75% stake in Zouk Club KL for RM28.95 million.

Petronas Chemicals has inked a Memorandum of Understanding with Plastic Energy Ltd to jointly perform a feasibility study to establish a facility to convert plastics waste into feedstock to create recycled virgin-quality plastics from low quality, mixed plastics waste.

Scientex's net profit for the third quarter ended April 30, 2019 rose 19.2% y-oy-, on the back of better sales performance achieved from both the manufacturing and property divisions.

Meanwhile, US markets declined overnight ahead of a meeting between the US and Chinese presidents at the G20 Summit in Japan.

According to JF APex research, the weak performance in the US and China in the previous session could see the FBM KLCI remain flat below the resistance of 1,690.

Related Stocks

APEX 0.800
FINTEC 0.055
NTPM 0.550
YINSON 6.450


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