KUALA LUMPUR: DBE Gurney, CSC Steel, Ekovest, Dnex, Multi Sports and Tecnic are amng the companies which could see some trading interest on Tuesday, says JF Apex Research.
It said D.B.E. Gurney, the group will open two new HARUMi fast food restaurants in Sabah this year, as part of its plan to expand the local fried chicken brand across Southeast Asia, Taiwan, and China.
As for CSC Steel, the group's 4QFY16 net earnings fell 78% on-year due to a substantial rise in production cost, higher raw materials cost that was exacerbated by the rapid weakening of the ringgit against the greenback.
Ekovest, which completed the sale of a 40% stake in the Duta-Ulu Kelang Expressway (DUKE) concession to the Employees Provident Fund Board (EPF) will paying a 25 sen special dividend to shareholders.
JF Apex Research said DneX was appointed the exclusive project consultant for the road charge vehicle entry permit (RC VEP) system for the Thailand-Malaysia border and other borders with Thailand.
Multi Sports will miss another fiscal reporting due date tomorrow, as it has received details of alleged unreported transactions and litigation involving its operating unit in China and the company's senior management.
Tecnic’s minority shareholders have been told to reject the mandatory takeover offer at 63 sen per share by Rohas-Euco Holding Sdn Bhd.
Overnight on Wall Street, US markets extended their records high due to optimism on President Donald Trump's tax plan. Earlier, European stocks advanced after the European Commission's growth forecast for the region.
At Bursa Malaysia, the FBM KLCI rallied 11.30 points to end at a 10-month high of 1,710.24.
“Following the bullish performance in the US and Europe, the KLCI could extend its uptrend towards the resistance of 1,730,” it said.
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