Trading ideas: Frontken Corp, SLP Resources, Hartalega, Mesiniaga, Xin Hwa and CSH Alliance

KUALA LUMPUR: Stocks that could see elevated trader curiosity on Wednesday include things like Frontken Corp, SLP Assets, Hartalega, Mesiniaga, Xin Hwa and CSH Alliance, reported JF Apex Study.

Frontken Corp Bhd‘s 1Q22 net financial gain jumped 15.71% YoY to RM26.51mil.

SLP Methods Bhd’s 1Q22 internet profit fell 25.12% YoY to RM4.51mil.

Hartalega Holdings Bhd posted its to start with-ever quarterly decline of RM189.7mil for its 4QFY22.

Mesiniaga Bhd has secured a agreement worth RM59.63mil from Telekom Malaysia Bhd (TM) to supply upkeep and help products and services for telecommunication cloud main information centre.

Xin Hwa Holdings Bhd strategies to diversify into the precision machining enterprise immediately after attaining a 79% stake in Micron Metallic Engineering Sdn Bhd (Micron) for RM19.75mil in a funds as well as shares offer.

CSH Alliance Bhd’s electric car (EV) unit has inked a sale and purchase agreement (SPA) to purchase 3 adjoining plots of industrial land measuring 55.32 acres in Tanjung Malim, Perak for RM12mil.

Meanwhile, JF Apex explained the FBM KLCI could consolidate over the aid of 1,540 points following the latest drop.

The US marketplace was blended with the S&P and Nasdaq rebounding while the Dow was a bit lessen as buyers waited for April’s inflation facts to be released afterwards these days.

European shares rebounded from a two-month small on bargain looking.