KUALA LUMPUR: There could be increased trading in stocks with recent corporate announcements including Harn Len, Ireka, Serba Dinamik
, Destini and JAKS Resources, said Apex Research.
According to the research firm, Harn Len Corp Bhd is buying 4,052.6 acres of plantation land in Rompin, Pahang, from textile giant Jakel group for RM54.7 million in cash-plus-shares.
Ireka Corp Bhd gave a profit warning that its financials are expected to be dragged by the huge losses in its wholly owned unit Ireka Engineering & Construction Sdn Bhd (IECSB) in 3QFY2023.
Serba Dinamik Holdings has finally submitted its 2022 annual report and audited consolidated financial statements for FY2022 to Bursa Malaysia.
The Ministry of Defence has increased the ceiling value of a contract awarded to Destini Bhd in July 2020 for the supply of non-proprietary aircraft parts to the Royal Malaysian Air Force (RMAF) by RM60.5 million to RM181.5 million.
JAKS Resources Bhd’s joint venture (JV) is filing an application to stay and set aside the adjudication decision to pay RM11.49 million to GUH Holdings Bhd's unit.
Meanwhile, Apex said the FBM KLCI could remain buoyed with resistance at 1,500 points following the positive performance on Wall Street.
The US market rose overnight after December CPI data showed slower inflation and increased hopes that the Federal Reserve will reduce its rate hikes.
Similarly, European stocks advanced after US inflation data came within expectations.
