KUALA LUMPUR: JF Apex Research expects Felda Global Ventures Holdings Bhd (FGV), Halex, Uzma, Poh Huat and Leon Fuat to be among the stocks to watch on Monday following the latest corporate news.
The research house noted that FGV was in talks with several companies, including Chinese firms, to establish partnerships to expand its distribution networks and finance facilities.
Halex has received a conditional mandatory general offer from Waras Dinamik Sdn Bhd and Datuk Ong Soon Ho to acquire all the remaining ordinary shares in Halex not held by them at 64 sen per share in cash.
Uzma has been awarded a contract for the provision of fishing equipment and services by Petronas Carigali Sdn Bhd while Poh Huat recorded a 25% growth in its 1QFY17 net profit thanks to higher turnover, besides a one-off gain from investment disposal and a recognised forex gain.
Leon Fuat has been offered a total of RM45.84mil by the government for the compulsory acquisition of the plots of land it owns in Sungai Besi.
Meanwhile, US equities closed mixed on Wednesday as Wall Street eagerly awaited a vote on the House's health care proposal.
European markets ended lower amid increasing concerns regarding U.S. President Donald Trump’s economic growth agenda and following a terrorist incident in London.
On the local market, the FBM KLCI lost 6.37 points to 1748.30 points yesterday.
“We expect the local bourse to remain muted amid policy uncertainty in the US,” JF Apex said.
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