KUALA LUMPUR: JF Apex Research expects DRB-Hicom, Choo Bee, CBIP, Protasco and Pintaras Jaya to be among the stocks to watch on Monday after their corporate news.
DRB-Hicom assumed control Malaysian Resources Corp Bhd's stake in a joint wander firm that was set up to construct the new coordinated, custom, isolate and security (ICQS) complex at Bukit Kayu Hitam, Kedah, for RM7mil.
In the mean time, StarBizWeek announced that French PSA Group (PSA) is probably going to be picked as the remote key accomplice for Proton – a unit of DRB-Hicom - as it displayed the best proposition to save and extend Proton's operations in Asean. PSA arrangements to raise Proton's ability from 150,000 units a year to between one million and two million units a year.
With respect to Choo Bee Metal, its 4QFY16 profit hopped eightfold on the back of enhanced normal offering cost.
It additionally said CBIP secured two contracts totalling RM67mil from PT Lifere Agro Kapuas, an auxiliary of United Malacca Bhd, for the import of materials and gear and in addition to assemble a palm oil process in Kalimantan, Indonesia.
JF Apex Research said Protasco packed away a RM90.1mil contract to keep up the rural streets in Perak.
Pintaras Jaya's 2QFY17 net benefit hopped by three folds, due to a great extent to a noteworthy change in commitment by its development division and higher venture pay;
With respect to Sterling Progress, the gathering is wandering into the inn administration business to look for interchange income streams and to decrease reliance on its ICT business.
Sumatec Resources, the gathering will leave on a huge number of corporate proposition identified with its Kazakhstan ventures, with arrangements to raise some RM400mil by means of private position, impart issuance and rights issues to warrants.
Last Friday, US markets crawled up on Friday to close at record highs in the midst of instability in France's presidential decision. European values were blended in the wake of sitting down from a week ago's rally.
At Bursa Malaysia, the FBM KLCI shut scarcely higher by 0.09 indicate 1,707.68.
"Taking after the impartial execution in the US and Europe, the FBM KLCI could keep on hovering beneath the resistance of 1,730," it said.
Live Updates:
No comments:
Post a Comment