Trading ideas: AirAsia X, Malayan United Industries, HPP, Globaltec, Global Oriental, Minho, Pantech, Maybank, Reneuco and TNB

TheStar Fri, Oct 20, 2023 08:42am - 4 months View Original


KUALA LUMPUR: Companies that may see increased trading interest include AirAsia X, Malayan United Industries, HPP, Globaltec, Global Oriental, Minho, Pantech, Maybank, Reneuco annd TNB, said Apex Securities.

Bursa Malaysia has rejected AirAsia X Bhd’s (AAX) application for proposed relief and Practice Note 17 (PN17) upliftment.

Malayan United Industries Bhd (MUI Group) has signed a partnership agreement with local data technology provider Fusionex Group to launch a Metrojaya online marketplace that is set to go live in early December.

Packaging services provider HPP Holdings Bhd saw its net profit fall by 46.5% year-on-year for the first quarter ended Aug 31, 2023 (1QFY2024) amid lower sales in the corrugated and non-corrugated packaging segments as well as the rigid box segment.

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