KUALA LUMPUR: Denko Industrial, Titijaya, KKB Engineering and BAT are among the stocks to watch on Tuesday after they released their corporate announcements, says JF Apex Research.
Denko has proposed to acquire Integral Manufacturing Solutions Sdn Bhd for RM1.2bil in an all-share deal.
As for Titijaya, it will receive compensation of RM65mil for usage of its Shah Alam land for the LRT3 project.
It said KKB Engineering secured RM24mil of orders for mild steel casing and concrete-lined mild steel pipes.
Heitech Padu bagged a RM19.2mil contract for mechanical and electrical works for renewable energy stations in Perak.
As for BAT, its quarterly profit fell by one-third. Axis REIT's net profit was flat at RM35.9mil while TAS Offshore returned to the black with a profit of RM2.2mil.
Overnight on Wall Street, US markets fell from record high levels following a decline in industrial, telecommunication and technology counters amid the ongoing results season.
Earlier, European stocks ended slightly higher amid gains in technology amid gains in technology and losses in media and financial counters.
At Bursa Malaysia, the FBM KLCI added 0.82 point to 1,741.47.
“Following yesterday's flattish performance, the KLCI could consolidate above the 200-day moving average before staging a rebound,” said JF Apex Research.
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