Trading ideas: Advanced Packaging Technology, Artroniq, Kim Loong, SCGM

KUALA LUMPUR: Shares to observe on Wednesday involve Highly developed Packaging Technology (M) Bhd, Artroniq Bhd, Apollo Meals Holdings Bhd, Kim Loong Assets Bhd and SCGM Bhd, in accordance to JF Apex Study.

Superior Packaging Know-how has proposed a reorganisation less than which a recently fashioned corporation — Increased Bay Holdings Bhd — will get more than its issued share funds and presume its listing standing.

The group has also proposed a share break up involving the subdivision of each individual one current share into four subdivided shares.

Artroniq reported it is in the midst of conversations to acquire an ICT company and monetise its production enterprise, responding to an uncommon market action (UMA) query by Bursa Securities.

Apollo Food’s net income for the third quarter ended Jan 31, 2022 just about doubled by 44.73% to RM5.08mil from RM3.51mil very last year due to better sales.

Kim Loong Resources’ net gain for the fourth quarter finished Jan 31, 2022 jumped much more than threefold to RM31.55mil from RM10mil a year ago, driven by bigger palm oil selling prices.

SCGM posted a 22.46% decline in internet earnings for the third quarter finished Jan 31, 2022 to RM6.28mil from RM8.1mil a yr in the past, predominantly dragged by increased rates of resin, additives, chemical substances and packaging.

Meanwhile, the US marketplace surged overnight subsequent optimism of a ceasefire in Ukraine though an inverted yield curve raised problems of a economic downturn.

The Dow Jones Industrial Common rose .97%, to 35,294.19, the S&P 500 received 1.23%, to 4,631.6 and the Nasdaq Composite included 1.84%, to 14,619.64.

Equally, European shares sophisticated immediately after a further round of Russia-Ukraine talks began yesterday

“Following Wall Street’s gains, the FBM KLCI could rebound nowadays but continues to be sideways down below the resistance of 1,620 factors,” JF Apex reported.