KUALA LUMPUR: SP Setia, Mitrajaya, PRG and Ancom could see trading interest on Monday after their corporate announcements and news reports, says JF Apex Research.
It said SP Setia, PNB and Amanahraya Trustees Bhd had last Friday signed a non-binding memorandum of intent to start talks on SP Setia’s proposed acquisition I&P Group.
I&P has 4,263 acres of landbank and the indicative price is between RM3.5bil and RM3.75bil.
Mitrajaya won a RM273.8mil contract to build a centre of excellence along Jalan Dato’ Onn in Kuala Lumpur.
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returned to the black in 3QFY17 with a net profit of RM152,000, against a net loss of RM513,000 a year earlier;
PRG’s unit Premier International Marketing Sdn Bhd is tapping into international halal markets.
Ikhmas Jaya bagged a RM33.81mil sub-contract for a residential development project in Shah Alam.
A news report said media advertising outfit Redberry Sdn Bhd, a unit of Ancom Bhd, could be injected into Ancom Logistics Bhd as part of a group-wide restructuring exercise.
JF Apex Research said Asian markets fell on Friday after the US bombed ISIS forces in Afghanistan. The United States, its allies and China are working together on a range of responses to North Korea's latest failed ballistic missile test.
At Bursa, the FBM KLCI dropped 7.19 points to end at 1,730.99. Following the negative sentiment, the KLCI is expected to remain under pressure with support at 1,725 with escalating tensions in Korean peninsula.
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