KUALA LUMPUR: Stocks in focus on Thursday include APB Resources
, Ewein, Hong Leong Industries, K Seng Seng and JAG, said Apex Research.
APB Resources Bhd hit limit-up after Press Metal Aluminium Holdings Bhd’s co-founder and executive director Datuk Koon Poh Tat emerged as its new substantial shareholder.
Ewein Bhd has received notice of an unconditional mandatory takeover offer (MTO) at 60 sen per share from the managing director and major shareholder of Nationgate Holdings Bhd Ooi Eng Leong.
Hong Leong Industries Bhd (HLI) is selling its wholly-owned fibre cement products manufacturing subsidiary at an indicative price of RM79.5 million.
K Seng Seng Corp Bhd (KSSC) plans to raise up to RM41.47 million from a private placement to finance the acquisition of a majority stake in a precision machined parts manufacturer.
JAG Bhd has been appointed as the service partner of Atreon Holdings Sdn Bhd for spent catalyst treatment processing and reworking at JMI’s facilities in Malaysia with a minimum contract value of RM27.6 million.
Meanwhile, the US market ended mixed with the Dow slipping while the S&P and Nasdaq inched higher after the Federal Reserve paused interest rate hikes but hinted two more rate hikes later this year.
Earlier, European markets rose after UK GDP came within expectation.
On the local market, the FBM KLCI gained 4.81 points or 0.35% to 1385.42 points.
"Following the recent rebound, the FBM KLCI could retest its resistance of 1392 points," said Apex.
