KUALA LUMPUR: JF Apex Research expects Nationwide Express, HeiTech Padu, Ekovest, Titijaya Land and Amcorp Properties to be among the stocks to watch on Wednesday.
Nationwide Express plans to merge its courier business with Airpak Express (M) Sdn Bhd by acquiring the latter's entire issued share capital for RM33.16mil.
HeiTech Padu bagged a RM48.23mil contract to integrate the Foreign Workers Medical Examination Monitoring Agency’s (Fomema) foreign worker medical examination system with the Immigration Department's myIMMs immigration system.
JF Apex Research pointed out Ekovest secured a RM157.25mil contract from Kuala Lumpur City Hall (DBKL) to undertake improvement and beautification works.
Titijaya Land partnered China Railway Engineering Ltd to undertake a mixed development on a 6.06-acre piece of leasehold land at Embassy Row, Jalan Ampang here, with a gross development value (GDV) of RM2.1bil.
Amcorp Properties’s 2QFY17 net profit plunged 88.9% on-year to RM1.83mil despite a 28.8% on-year increase in revenue.
JF Apex Research said Hartalega
’s net profit rose 17.9% yoy to RM71.22mil in line with its continuous expansion in production capacity and increase in demand.
At Wall Street, US markets climbed overnight led by utility counters as investors wait for the outcome of the election.
European stocks edged higher ahead of the US election amid contraction in German industrial production.
At Bursa Malaysia, the FBM KLCI jumped 13.23 points to 1,663.82.
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