Trading ideas: Duopharma, Gadang, Comfort Gloves, Yinson, United Malacca, NTPM

TheStar Mon, Dec 20, 2021 08:40am - 2 years View Original


KUALA LUMPUR: Investors may be drawn to stocks with recent corporate newsflow including Duopharma Biotech, Dadang Holdings, Comfort Goves, Yisnon Holdings, United Malacca, NTPM Holdings, China Automobile Parts Holdings, Chin Hin Group and Solarvest Holdings, according to JF Apex Research.

Duopharma Biotech Bhd has secured a RM375.17mil contract to supply insugen-insulin recombinant human formulations to all Ministry of Health’s (MoH) hospitals, district health offices and clinics.

Gadang Holdings Bhd has been awarded a subcontract worth RM131.37mil from Binary Vista Sdn Bhd to undertake geotechnical, drainage and structural works for Package 2 of the Central Spine Road.

Comfort Gloves Bhd’s quarterly net profit shrank 69.2% to RM45.85mil.

Yinson Holdings Bhd reported a 22.2% decline in its quarterly net profit to RM98mil.

United Malacca Bhd’s net profit for the second quarter ended Oct 31, 2021 (2QFY22) soared 386% year-on-year to RM36.1mil.

Tissue paper maker NTPM Holdings Bhd’s net profit for the second quarter ended Oct 31, 2021 (2QFY22) fell 75.6% to RM3.35mil.

The external auditor of China Automobile Parts Holdings Ltd (CAP), CAS Malaysia PLT, has issued a disclaimer of opinion on the China-based group’s financial statements, and Chin Hin Group Bhd has raised its stake in Solarvest Holdings Bhd to 27.50%, from 25.48% previously.

Meanwhile, JF Apex Research said the FBM KLCI could stay above the support of 1,480 following a 17.37 points surge to 1,502.01 points last Friday.

The US market plunged at the close of the previous week amid concerns over tighter monetary policy and the worsened Covid-19 pandemic.

Similarly, European stocks declined as the Omicron variant spread at an alarming rate.

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