Trading ideas: Country Heights, Malaysia Smelting Corp, LBS Bina Group, Sunway REIT, Cahya Mata Sarawak

Catrina P. Smith

KUALA LUMPUR: Stock with new corporate announcements that could see amplified investing motion contain Nation Heights, Malaysia Smelting Corp, LBS Bina Team, Sunway REIT, Cahya Mata Sarawak, Signature International, Fiamma, MPHB Money, Serba Dinamik, EA Procedure and Zelan, claimed JF Apex Research.

Nation Heights Holdings Bhd was slapped with an Strange Marketplace Action (UMA) query by Bursa Malaysia following its share price strike restrict down.

Malaysia Smelting Corp Bhd’s (MSC) net income for 1Q22 surged pretty much 3-fold or 190.86% YoY increased to RM64.34mil.

LBS Bina Group Bhd’s internet revenue for the 1Q22 rose 20% YoY to RM30.16mil.

Sunway Actual Estate Expense Have confidence in’s web assets revenue for 1Q22 jumped 77.4% YoY to RM118.9mil.

Cahya Mata Sarawak Bhd posted a 7.42% YoY drop in 1Q22 internet profit to RM72.02mil.

Signature International Bhd and its most significant shareholder-cum-chairman Datuk Seri Chiau Beng Teik have emerged as the most significant shareholders of Fiamma Holdings Bhd.

MPHB Funds Bhd has agreed to market its 51% fairness desire in MPI Generali Insurans Bhd for RM485mil, four subsidiaries of Serba Dinamik Holdings Bhd are in search of a restraining order and go away to convene a creditors’ assembly.

PN17 firm EA System (M) Bhd’s exterior auditor has expressed a disclaimer of view in its audited economic statements for FY21.

Zelan Bhd’s exterior auditor has also expressed an unqualified viewpoint with product uncertainty relevant to going issue in its audited economical statements for FY21.

In the meantime, JF Apex said the FBM KLCI could retrace in direction of the assist of 1,540 factors next the bearish sentiment on Wall Road.

The US market place plunged right away with the Dow putting up its worst solitary day general performance given that 2020 amid company earnings.

Similarly, European stocks tumbled right after United kingdom inflation strike the best in 40 decades.

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