Trading ideas: Affin Bank, Hong Leong Industries, MSC, Crescendo, Greatech, CelcomDigi, Marco, Tasco and Malaysian Genomics

TheStar Mon, Nov 20, 2023 08:51am - 5 months View Original


KUALA LUMPUR: Companies with recent headlines include Affin Bank, Hong Leong Industries, MSC, Crescendo, Greatech, CelcomDigi, Marco, Tasco and Malaysian Genomics, said Apex Securities Research.

Affin Bank Bhd’s net profit plunged 88% to RM100.45 million for 3QFY2023 due to the absence of a one-off gain of RM1.06 billion from the divestment of its asset management business same quarter last year.

Hong Leong Industries Bhd’s net profit for the first quarter ended Sept 30, 2023 (1QFY2024) rose 7.07% to RM87.67 million

Malaysia Smelting Corp Bhd swung back to the black in the third quarter ended Sept 30, 2023 (3QFY2023), with a net profit of RM11.82 million compared with a net loss of RM31.32 million a year earlier.

Crescendo Corp Bhd has announced its third land disposal in Pulai, Johor Bahru — this time involving three vacant pieces of land measuring 2.62 million sq ft for RM315.17 million, cash.

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