Trading ideas: CTOS, MAHB, Bursa Malaysia, GDB, Minetech, Kimlun, Lambo, Mah Sing and UMW

TheStar Fri, Feb 02, 2024 08:25am - 2 months View Original


KUALA LUMPUR: There could be increased investor attention in companies with recent corporate announcements including CTOS, MAHB, Bursa Malaysia, GDB, Minetech, Kimlun, Lambo, Mah Sing and UMW, said Apex Securities Research.

CTOS Digital Bhd saw its net profit surge fourfold to RM56.28 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM14 million in the previous year’s corresponding quarter, largely due to the recognition of a tax credit and higher revenue.

Malaysia Airports Holdings Bhd’s (MAHB) said its total passenger movement surpassed the 100 million mark in 2023 — marking the first time since 2020 — at 120 million passengers.

Bursa Malaysia Bhd reported a 21.5% year-on-year growth in net profit for the fourth quarter ended Dec 31, 2023 (4QFY2023), driven by trading revenue from the securities market amid higher average daily trading value (ADV).

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