KUALA LUMPUR: JF Apex Research expects WCT, Sapura Resources, George Kent and BHS Industries to generate some trading interest today after their corporate news and announcements.
The research house also expects HeiTech Padu, Mitrajaya and Cycle & Carriage Bintang to attract trading interest on Wednesday.
It said WCT, as Tan Sri Lim Siew Choon, the executive chairman of Malton Bhd
, has surfaced as the single largest shareholder of the group after acquiring a 19.67% stake from the private vehicle of WCT Holdings’ co-founder and managing director Peter Taing Kim Hwa.
As for Sapura Resources, the group has been granted the Air Operator Certificate licence by the Department of Civil Aviation Malaysia and the Air Service Permit by the Malaysian Aviation Commission.
George Kent has secured a RM277.2mil contract to design and build a 150-bed hospital in Tanjung Karang, Selangor.
JF Apex said BHS Industries was eyeing a partnership with China Nuclear Industry Huaxing Construction Co Ltd to develop the RM2bil Green Technology Park in Pekan, Pahang, as well as the parks biomass/solar power generation station.
HeiTech Padu bagged a two-year contract worth RM79.77mil from the Road Transport Department to maintain the MYSIKAP system while Mitrajaya secured a contract worth RM74.31mil for the superstructure works for Tower 3 at a mixed office block development at PJ Sentral.
As for Cycle & Carriage Bintang, the group’s 3QFY16 net profit fell 38.4% Year-on-year to RM8.29mil, due to change in sales mix in favour of lower-priced vehicles.
Meanwhile, US markets declined overnight following mixed economic data and political concerns on the election. European stocks tumbled after a slew of corporate earnings, concerns on US presidential election and potential rate hike from the US Federal Reserve.
On the local market, the FBM KLCI shed 1.53 points to 1670.93 points.
“Following the bearish performance in the US and Europe, the FBM KLCI is expected to remain lacklustre below the resistance of 1,678 points,” JF Apex said.
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