Trading ideas: Top Glove, DRB-Hicom, EP Manufacturing, Seremban Engineering, KESM Industries and UWC


KUALA LUMPUR: Investors might be actively buying and selling in shares with latest company information announcement together with Top Glove, DRB-Hicom, EP Manufacturing, Seremban Engineering, KESM Industries and UWC, mentioned JF Apex Research.

Top Glove has postponed a plan to boost US$347mil in a Hong Kong itemizing as a result of elevated market uncertainty, after Russia’s invasion of Ukraine.

DRB-Hicom mentioned an arbitration tribunal has determined in favour of its subsidiary Proton Holdings Bhd and Lotus Group International Ltd (LGIL) in relation to the 860.61 million yuan (RM570mil) civil grievance filed by Goldstar Heavy Industries Co Ltd.

EP Manufacturing is venturing into the manufacturing and distribution of two-wheeled electrical autos (EVs) for Malaysia and different Southeast Asian markets.

Dutch Lady Milk Industries Bhd has appointed Seremban Engineering as the principle contractor to construct its new manufacturing plant in Techpark, Bandar Enstek, Negeri Sembilan.

KESM Industries slipped into the pink with a internet lack of RM1.01mil for the second quarter ended Jan 31, 2022, towards a internet revenue of RM6.33mil posted a 12 months in the past, as a result of decrease different revenue coupled with weaker income, -5.38% yoy;.

UWC posted a 7.94% drop in internet revenue for the second quarter ended Jan 31, 2022 to RM25.08mil, from RM27.24mil a 12 months prior, as a result of increased depreciation bills and employees prices.

Meanwhile, JF Apex mentioned the FBM KLCI might pattern decrease in the direction of the help of 1,515 factors following the latest bearish momentum.

Overnight, the US market declined amid considerations of slower financial development and inflation as commodity costs rose on account of the Russia-Ukraine battle

European shares additionally ended decrease as a result of ongoing warfare.

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