Trading ideas: Top Glove, Daibochi, Sapura Energy, Advancecon, UEM Sunrise

TheStar Fri, Sep 18, 2020 09:05am - 7 months ago

KUALA LUMPUR: JF Apex Research expects Top Glove Corp Bhd, Daibochi Bhd, Sapura Energy Bhd, Advancecon Holdings Bhd and UEM Sunrise Bhd to be among the stocks to watch on Friday.

Top Glove posted its best-ever quarterly net profit at RM1.29bil in the fourth quarter ended

Aug 31, 2020 against RM74.17mil posted last year.

The glove manufacturer is planning a listing in Hong Kong by 2021 to enhance the rubber glove manufacturer's investor reach and diversify its investor base.

Daibochi posted a net profit of RM47.67mil on revenue of RM619.28mil for the financial year ended July 31, 2020 (FY20).

Advancecon’s wholly-owned unit has been appointed to undertake the construction and completion of subgrade and related works for the East Coast Rail Link project for RM29.79mil.

UEM Sunrise achieved more than RM400mil in sales and bookings in less than two months after the launch of its ‘The Happy Chase’ campaign.

Overnight, US markets declined following selldown in technology counters.

Earlier, European stocks retreated after the Bank of England kept interest rates unchanged.

“Following the negative performances in the US and Europe, the FBM KLCI could remain lacklustre and trend lower towards its support of 1,475 points,” JF Apex said.

Related Stocks

ADVCON 0.400
APEX 0.960
SAPRES 0.575
UEMS 0.435


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