Trading ideas: Pharmaniaga, Bumi Armada, Gas Malaysia, Reservoir Link Energy, and Sarawak Plantation

TheStar Mon, Nov 22, 2021 08:26am - 6 months View Original


KUALA LUMPUR: Companies with recently announced corporate exercises and released their earnings results could see investor attention on Monday, said JF Apex Research.

In its daily highlights note, the research firm said the stocks included Pharmaniaga, Bumi Armada, Gas Malaysia, Reservoir Link Energy, Sarawak Plantation and IJM Plantations.

IJM Plantations Bhd was back in the black for its second quarter ended Sept 30, 2021 (2QFY22) with a net profit of RM101.04mil.

Oversea Enterprise Bhd said Lim Kon Lian, LKL International Bhd's co-founder and managing director, emerged as a substantial shareholder of the restaurant operator.

Khee San Bhd is now a Practice Note 17 (PN17) company after its wholly-owned subsidiary was placed under judicial management.

Muda Holdings Bhd's net profit for the third quarter ended Sept 30, 2021 (3QFY21) plummeted 93.64% to RM1.59mil.

JF Apex expects the FBMKLCI to remains sideways on Monday above the support of 1,515 points following the recent lacklustre performance.

Last Friday, the US market was mixed with the Dow Jones and S&P falling while the Nasdaq rose following concerns over Covid-19 as Austria announced a national lockdown.

Meanwhile, European stocks declined after Austria's lockdown and Germany announced more restrictions on unvaccinated people.

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