Trading ideas: Widad, AMMB, Skyworld, Dutch Lady, Taliworks, Maybank, Sunway, MST Golf, MFM, Pos, Supercomnet and Boustead Plantations

KUALA LUMPUR: Recent companies making headlines that could spark trading interest include Widad, AMMB, Skyworld, Dutch Lady, Taliworks, Maybank, Sunway, MST Golf, MFM, Pos, Supercomnet and Boustead Plantations, said Apex Securities Research.

Widad Group Bhd’s unit has secured a RM116.8 million contract to build Phase 1A of the Tok Bali Industrial Park in Gong Kulim, Kelantan for the East Coast Economic Region Development Council.

AMMB Holdings Bhd’s net profit rose 10.06% to RM469.78 million in the second quarter ended Sept 30 (2QFY2024).

SkyWorld Development Bhd has declared its first interim dividend of RM12.5 million or 1.25 sen per share for the second quarter ended Sept 30 (2QFY2024), after posting a net profit of RM19.1 million or 2.53 sen per share.

Dutch Lady Milk Industries Bhd’s net profit for the third quarter ended Sept 30, 2023 (3QFY2023) dropped 31.18% to RM16.79 million.

Taliworks Corp Bhd’s net profit rose to RM13.54 million or 0.68 sen per share for the third quarter ended Sept 30, 2023 (3QFY2023) from RM12.51 million or 0.62 sen per share a year earlier.

Malayan Banking Bhd’s (Maybank) net profit rose 12.29% to RM2.36 billion for the third quarter ended Sept 30, 2023 (3QFY2023).

Sunway Bhd’s net profit in the third quarter ended Sept 30, 2023 (3QFY2023) grew by 8.76% to RM180.3 million.

MST Golf Group Bhd posted a net profit of RM1.63 million for the third quarter ended Sept 30, 2023 (3QFY2023), a 59.41% decline from RM4.01 million in the previous quarter.

Malayan Flour Mills Bhd (MFlour) posted a net profit of RM24.21 million in the third quarter ended Sept 30, 2023 (3QFY2023) that was 47.62% lower than the RM46.21 million posted a year ago.

Pos Malaysia Bhd continued to bleed in its third quarter ended Sept 30, 2023 (3QFY2023) with a net loss of RM33.34 million.

TIME Dotcom Bhd’s net profit dropped 10.2% to RM106.6 million or 5.78 sen per share in the third quarter ended Sept 30, 2023 (3QFY2023).

Supercomnet Technologies Bhd registered a net profit of RM7.4 million for the third quarter ended Sept 30, 2023 (3QFY2023), a 26.74% decline from RM10.1 million a year prior due to lower revenue.

Boustead Plantation Bhd (BPlant) returned to the black in the third quarter ended Sept 30, 2023 (3QFY2023) with a net profit of RM15.22 million.

Genting Plantations Bhd’s (GenP) net profit rose 6.7% in the third quarter ended Sept 30, 2023 (3QFY2023) to RM80.52 million.