KUALA LUMPUR: Westports, MWE, WZ Satu and Paramount are among the stocks which could see some trading interest on Monday, says JF Apex Research.
It said Westports 4QFY16 net profit rose 16.9% on-year to a record high of RM155mil, on the back of an increase in container throughput.
As for MWE Holdings as the group disposed of its entire stake in US-based medical mobile monitoring company, Integrity Tracking, for US$10.26mil (RM44.83mil). The cash proceeds from the sale will be used to pare down the group’s debt and as future working capital.
JF Apex Research added WZ Satu was buying a construction company which is involved in a PR1MA housing project for RM30mil to be satisfied via issuance of shares.
As for Paramount Corp, the group's 4QFY16 net profit doubled on-year to RM30.26mil on stronger sales across most of its property developments.
Last Friday, US markets rose to new record highs after President Donald Trump said he would come up with new tax plans. Earlier, European stocks ended mixed amid quarterly earnings.
At Bursa Malaysia, the FBM KLCI surged 10.44 points to 1,698.94.
“Following the mixed performance in the US and Europe, the KLCI could climb above the resistance of 1,700 following its positive momentum,” it said.
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