KUALA LUMPUR: Malaysian Resources Coporation Bhd (MRCB), Damansara Realty, NWP Holdings are among the stocks which could see trading action on Monday following their corporate announcements, says JF Apex Research.
Another company that could attract investors' interest include Wah Seong Corporation Bhd. StarBiz reported the oil and gas (O&G) services firm is positive it can handle the 600-million-euro (RM2.73bil) job it secured under the Nord Stream 2 Project without straining its balance sheet.
After cutting its stake in its loss-making oil palm plantation development in Congo, Central Africa, to 49% last year, Wah Seong is now looking to exit the business.
MRCB has received indication of interest from two parties in relation to the acquisition of the Eastern Dispersal Link (EDL) Expressway in Johor. The two parties, according to the construction outfit, are PLUS Malaysia Bhd and a client of ZJ Advisory Sdn Bhd.
Damansara Realty is teaming up with Country Garden Holdings Co Ltd, one of China’s largest property developers, to develop a 53.08-acre freehold land parcel in Johor Bahru into an integrated township to be known as Central Park.
NWP Holdings is venturing into the private charter air transport services business via the acquisition of a 30% stake in US-incorporated Aviation AI Inc (AAI).
Last Friday, US markets rose on Friday following comments from Federal Reserve officials, strong bank earnings and economic data. Similarly, European stocks rallied lifted by banking counters and higher-than-expected inflation data in China.
On the local front, the FBM KLCI dropped 6.05 points to close at 1,658.97.
“Following the bullish performance in the US and Europe, the KLCI could be positive today with support at 1,650,” it said.
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