KUALA LUMPUR: Stocks with reent corporate news flow that could see increased trading interest include TDM, Lion Industries, Affin, Yinson
, Aemulus, SKB Shutters, Maybank, Ecofirst Consolidated, Tower REIT and Vizione, said JF Apex Research.
TDM Bhd after selling its entire stake in two Indonesian plantation firms for a total of RM115mil.
CVC Capital Partners has completed the acquisition of a 68.35% stake in Affin Hwang Asset Management Bhd (Affin Hwang AM) from Affin Bank Bhd for RM1.54bil.
Lion Industries Corporation Bhd is buying a land together with buildings erected thereon worth RM47.13mil in Klang from Yinson.
Aemulus Holdings Bhd has won new orders worth approximately RM37.9mil for the automotive test systems.
SKB Shutters Corporation Bhd has proposed to buy a 9.81-acre piece of land in Eco World Development Group Bhd's business park for RM36mil cash.
Malayan Banking Bhd’s 98.54%-owned PT Bank Maybank Indonesia Tbk reported a 30% increase in PATAMI of 663 billion rupiah (about RM198.57mil) for 1HFY22.
EcoFirst Consolidated Bhd slipped into a net loss of RM4.38mil or 0.39 sen per share in 4QFY22.
Tower REIT's net property income (NPI) dipped 4% to RM4mil for the 4QFY22.
Vizione Holdings Bhd slipped into the red in the 2QFY22 with a net loss of RM2.37mil.
Meanwhile, JF Apex said the FBM KLCI could extend its positive trend towards the resistance of 1,510 points.
On Friday, the US market rose for a third consecutive day as strong corporate earnings overshadowed concerns of inflation and recession.
Similarly, European stocks were positive after Europe posted positive GDP growth in 2Q.
