Trading ideas: Yinson, Astino, DXN, EcoFirst, Velesto, Nestcon, Maxim, Teladan and Steel Hawk

TheStar Mon, Mar 25, 2024 08:14am - 1 month View Original


KUALA LUMPUR: Companies making headlines include Yinson, Astino, DXN, EcoFirst, Velesto, Nestcon, Maxim, Teladan and Steel Hawk, said Apex Securities Research.

Yinson Holdings Bhd's net profit for the financial year ended Jan 31, 2024 (FY2024) jumped 63% to RM964 million, from RM589 million a year earlier, on the back of a surge in revenue to RM11.65 billion versus RM6.32 billion.

Flat steel product manufacturer Astino Bhd reported a fourfold surge in its net profit for the second quarter ended Jan 31, 2024 from a year earlier, on stronger sales and profit margin.

Health supplement firm DXN Holdings Bhd expects its Brazil operations to turn profitable by 2025, with potential to become its main market by revenue in the next five years.

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