Trading ideas: AIRASIA (5099), AAX (5238), KLK (2445)
KUALA LUMPUR: JF Apex Research expects budget carrier AirAsia and its long-haul affiliate AirAsia X and KL Kepong to see trading interest on Thursday after the release of their financial results for the quarter ended Sept 30, 2014.
AirAsia announced a slight improvement in 3Q operating profit, which was up 8% on-quarter but down 13% on-year.
As for AirAsia X, the latter posted net loss of RM211mil as compared to net profit of RM26mil a year ago.
JF Apex Research said KL Kepong posted a lower-than-expected 4Q net profit no thanks to losses in downstream operation.
Overnight on Wall Street, US stocks were little changed on Wednesday, with benchmarks near all-time highs, as Wall Street took in stride minutes from the Federal Reserve's last policy meeting, which had some central bankers concerned prices are not increasing rapidly enough.
At Bursa Malaysia, the FBM KLCI closed 6.01 points higher to settle at 1,824.39.
“We expect the KLCI to remain range bound above the support of 1,800 and inclined to selling pressure, taking cues from a mostly lower close on Wall Street overnight,” JF Apex Research said.
KUALA LUMPUR: JF Apex Research expects budget carrier AirAsia and its long-haul affiliate AirAsia X and KL Kepong to see trading interest on Thursday after the release of their financial results for the quarter ended Sept 30, 2014.
AirAsia announced a slight improvement in 3Q operating profit, which was up 8% on-quarter but down 13% on-year.
As for AirAsia X, the latter posted net loss of RM211mil as compared to net profit of RM26mil a year ago.
JF Apex Research said KL Kepong posted a lower-than-expected 4Q net profit no thanks to losses in downstream operation.
Overnight on Wall Street, US stocks were little changed on Wednesday, with benchmarks near all-time highs, as Wall Street took in stride minutes from the Federal Reserve's last policy meeting, which had some central bankers concerned prices are not increasing rapidly enough.
At Bursa Malaysia, the FBM KLCI closed 6.01 points higher to settle at 1,824.39.
“We expect the KLCI to remain range bound above the support of 1,800 and inclined to selling pressure, taking cues from a mostly lower close on Wall Street overnight,” JF Apex Research said.
