KUALA LUMPUR: Stocks on investors' radar screens today may include Axiata Group Bhd
, Axis Reit, Ecobuilt, AWC, Dayang and Avillion, according to JF Apex research.
Axiata Digital Sdn Bhd, the digital arm of Axiata Group Bhd, has inked an agreement to sell its digital ventures portfolio at a valuation of US$140 million (about RM579 million) to Singapore-based investment fund, Pegasus 7 Ventures Pte Ltd.
Axis REIT, which is targeting to acquire RM200 million worth of property assets in the industrial space, has accepted a few offer letters, namely to acquire two freehold manufacturing facilities in Nusajaya, Johor for RM55.8 million and a leasehold manufacturing facility in Bayan Lepas, Penang which will be announced later.
Ecobuilt is buying the entire stake of construction firm Rexallent construction Sdn Bhd (RCSB) from Kilau Makmur Sdn Bhd (KMSB) for RM45 million by issue of new shares and cash.
AWC has secured a contract worth RM17.1 million to supply the Harsco Model RGH 10C Rail Grinding Vehicle (RGV) works for the Mass Rapid Transit 2 project.
Dayang has been awarded a five-year contract by SEA Hibiscus Sdn Bhd for the provision of maintenance, construction and modification (PM-MCM) works.
Avillion has inked a hotel management agreement (HMA) with R&R Sky Group Sdn Bhd (R&R Sky) for a fixed 10-year lease to operate and manage a new four-storey hotel located in Pulau Pangkor, Perak.
Globetronics’ 1QFY19 net profit plunged 80% yoy as some customers reduced shipments pursuant to subdued demand for smartphones.
OVer on Wall Street overnight, US markets fell as the US Federal Reserve chairman hinted there might not be a rate cut.
Meanwhile, European markets were closed for the May Day public holiday while the FTSE 100 ended lower ahead of the Fed policy decision.
JF Apex suggested that the FBM KLCI could be under pressure and hover below the resistance of 1,655 points following the slide in US markets.
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