It said Axiata is set to gain entry into Nepal's telecommunications market with the purchase of a controlling stake in Nepal’s number one mobile operator Ncell Private Ltd for US$1.37bil (RM5.9bil).
JF Apex Research said KKB Engineering bagged a job for the manufacturing of steel pipes and obtained an additional purchase order for cylinders worth a collective value of RM31.8mil.
SMTrack is expecting an order book of 250mil renminbi (RM165.78mil) by FY18, after forming a strategic partnership with Guangdong RFID Technology Service Centre (GDRC) to provide tracking and traceability services for Malaysian and Southeast Asian food exporters.
DRB-Hicom, the group will dispose of its 90% stake in property investment firm Corwin Holding Pte Ltd for S$317mil (RM964.6mil), with an estimated gain of RM427.47mil, which is expected to reduce DRB-Hicom's gearing ratio.
Sasbadi plans to raise up to RM31.75mil via a private placement and also undertake a share split exercise.
Overnight on Wall Street, US stocks closed higher Monday with DJIA rebounding 123.07 points, as investors eyed oil prices in the shortened holiday week.
European markets came under selling pressure to close lower, as Spanish stocks took a tumble and the rout in oil prices continued to trouble investors.
At Bursa Malaysia, the FBM KLCI slid 14.81 points or 0.90% on Monday to close at 1,629.09.
“Following the mixed performance in overseas markets, the local benchmark index is expected to hover above our immediate support level of 1,620 with no sign of meaningful recovery,”JF Apex Research said.
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