KUALA LUMPUR: There could be some trading interest in Country Heights, FGV, Tomypak, Zhulian
, Sealink and MYEG, said Apex Research.
Country Heights Holdings Bhd founder and largest shareholder Tan Sri Lee Kim Yew has been declared a bankrupt.
FGV Holdings Bhd’s subsidiaries are being sued over alleged fraudulent transactions and continuing trespass on lease agreements for 41 parcels of land.
Tomypak Holdings Bhd has received an offer for full insurance compensation payment of RM205 million for material damage resulting from a fire outbreak at its manufacturing plant in Senai, Johor in December 2021.
Zhulian Corp Bhd's 1QFY23 net profit dropped 71.4% to RM6.85 million.
Sealink International Bhd’s auditor Messrs Grant Thornton Malaysia PLT has issued an audit opinion with a material uncertainty related to the company’s ability to continue as a going concern.
My EG Services Bhd (MyEG) has won a tender from Penang Development Corporation to set up a workers village at the Batu Kawan Industrial Park 3 in Seberang Perai.
Meanwhile, Apex said the FBM KLCI could remain sideways below the support of 1,431 points following the decline on Wall Street.
The US market was lower overnight after lower-than-expected CPI and release of the Federal Reserve’s meeting minutes.
Earlier, European stocks advanced after US inflation data.
