Trading ideas: MISC, SP Setia, Gas Malaysia, Mega First Corp, Dayang, Sunway REIT, Magnum, Dialog, Kobay and AME Elite
KUALA LUMPUR: Stocks on investors radar screen on Friday include MISC, SP Setia, Gas Malaysia, Mega First Corp, Dayang, Sunway REIT, Magnum, Dialog, Kobay and AME Elite, said JF Apex Research.
MISC Bhd after it slipped into the red, with a net loss of RM19.1 million, for 2Q22.
S P Setia Bhd's net profit for 2Q22 rose 6.95% YoY to RM80.09 million, Gas Malaysia Bhd posted a 72.19% YoY jump in its net profit for 2Q22 to RM107.34 million.
Mega First Corp Bhd's net profit for 2Q22 rose 15.49% YoY to RM100.84 million.
Dayang Enterprise Holdings Bhd returned to the black in 2Q22, with a net profit of RM42.02 million.
Sunway Real Estate Investment Trust's (REIT) net profit more than doubled YoY to RM74.51 million in 2Q22.,
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Magnum Bhd's net profit for 2Q22 jumped over 12 times YoY to RM26.4 million, Dialog Group Bhd's net profit fell 14.65% YoY to RM118.25 million for 4QFY22.
Kobay Technology Bhd's earnings rose in 4QFY22 by 40.34% YoY to RM11.94 million.
AME Elite Consortium Bhd and Majestic Builders will jointly develop a RM1 billion gross development value integrated industrial park in Seberang Perai Tengah, Penang.
Meanwhile, JF Apex said the FBM KLCI could remain sideways above the support of 1,510 points following the flattish performance on Wall Street.
The US market ended slightly higher overnight despite lower July home sales data.
Similarly, European stocks posted slight gains amid corporate earnings announcements.