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

KUALA LUMPUR: Stock with current company announcements that could see greater buying and selling action include State Heights, Malaysia Smelting Corp, LBS Bina Team, Sunway REIT, Cahya Mata Sarawak, Signature Intercontinental, Fiamma, MPHB Funds, Serba Dinamik, EA Approach and Zelan, reported JF Apex Study.

Region Heights Holdings Bhd was slapped with an Abnormal Current market Exercise (UMA) question by Bursa Malaysia right after its share rate hit limit down.

Malaysia Smelting Corp Bhd’s (MSC) web income for 1Q22 surged almost a few-fold or 190.86% YoY higher to RM64.34mil.

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

Sunway Serious Estate Expense Belief’s internet property income for 1Q22 jumped 77.4% YoY to RM118.9mil.

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

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

MPHB Money Bhd has agreed to offer its 51% equity interest in MPI Generali Insurans Bhd for RM485mil, 4 subsidiaries of Serba Dinamik Holdings Bhd are trying to find a restraining get and depart to convene a creditors’ meeting.

PN17 business EA Approach (M) Bhd’s external auditor has expressed a disclaimer of feeling in its audited fiscal statements for FY21.

Zelan Bhd’s exterior auditor has also expressed an unqualified feeling with materials uncertainty linked to going worry in its audited fiscal statements for FY21.

In the meantime, JF Apex stated the FBM KLCI could retrace toward the help of 1,540 details adhering to the bearish sentiment on Wall Street.

The US sector plunged overnight with the Dow submitting its worst one working day functionality because 2020 amid company earnings.

Similarly, European shares tumbled soon after Uk inflation hit the maximum in 40 several years.