New high for Dagang NeXchange Bhd
KUALA LUMPUR: JF Apex Research expects Sunway Construction, Superlon, Astino
, GDex, Brahim’s to see some trading interest on Monday after their recent corporate news.
It said Sunway Construction secured RM186mil worth of contracts for construction works.
Superlon's 3QFY17 net profit grew 45.3% on-year to RM6.25mil ago, thanks to increased sales of copper pipes.
Astino’s 2QFY17 net profit soared 74.7% on-year to RM12.09mil on better overseas sales and profit margin.
GDex has proposed a three-for-one bonus issue of 4.71 billion shares.
Brahim’s will be operating five cafeterias in National University of Malaysia (UKM), and provide training and consultancy services for other cafeterias in the Bangi-based tertiary education institution.
Last Friday, US markets ended mixed as key healthcare bill vote was rejected by the House. Earlier, European stocks declined over uncertainty on US President Donald Trump's healthcare bill.
On the local front, the FBM KLCI shed 1.25 points to 1,745.75 as investors took profit from the recent rally.
“Following the mixed performance in the US and Europe, the FBM KLCI could remain sideways around 1,750 points as the recent bull run would take a breather,” it said.
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