KUALA LUMPUR: Stocks on investors’ radar screens following recent corporate news flow include Bermaz Auto
, Solarvest, Capital A, Sapura Energy, MyEG Services and Resintech, says JF Apex Research.
Bermaz Auto’s net profit for 3QFY22 jumped 56.35% qoq on improved domestic sales volumes of Mazda and Kia cars.
Solarvest has bagged three engineering, procurement, construction, and commissioning contracts worth a combined RM154.4mil to develop large-scale solar photovoltaic plants in Perak under the large-scale solar 4 (LSS4) scheme.
Capital A is unable to obtain the RM500mil club facility under Danajamin Nasional Bhd’s Prihatin Guarantee Scheme as its founders, Tan Sri Tony Fernandes and Datuk Kamarudin Meranun, have refused to become guarantors.
The High Court has granted Sapura Energy and 22 of its wholly-owned subsidiaries two orders under Section 366 and 368 of the Companies Act 2016 to restructure its debts and settle outstanding payments.
MyEG Services has launched the global non-fungible token (NFT) marketplace, known as NFT Pangolin, to support the issuance and trading of NFTs.
Resintech plans to buy a 30% stake in Bionutricia Holding Sdn Bhd, which is mainly engaged in the retail and wholesale of healthcare products and nutritional supplements, for RM8.69mil to expand its business.
Meanwhile, JF Apex expects the FBM KLCI to fluctuate between the support and resistance of 1,540 and 1615 points respectively following volatile trading.
The US market declined overnight as February inflation hit a 40-year high, oil prices continued to decline and the war in Ukraine continued.
European markets fell sharply as the European Central Bank kept interest rates unchanged and negotiations between Russia and Ukraine for a ceasefire saw little progress.