KUALA LUMPUR: Affin Holdings
, Green Packet, Dolomite, Naim Indah and Plastrade are among the stocks which could see trading interest on Tuesday after their corporate announcements and news reports.
Affin is “comfortable” with the bank’s current common equity tier (CET) 1 ratio of 12.8%. Affin Holdings is not looking to raise capital for now as it is comfortable with the bank’s current common equity tier (CET) 1 ratio of 12.8%, StarBiz reported.
Mobile broadband and networking solutions provider Green Packet Bhd’s back-to-the-basics strategy appears to be paying off. The company, which returned to the black in the third quarter of the financial year ended Dec 31, 2016 (FY16) after years of bleeding red ink, had two years ago refocused its efforts on beefing up its original operations, namely, the solutions and communications segments, StarBiz reported.
JF Apex Research said Dolomite’s Hong Kong unit defaulted on a RM30mil loan while Seacera is issuing 70 million to 80 million new shares to raise RM70mil.
Naim Indah and Cycle & Carriage reported a decline in quarterly profits tumbled. As for Plastrade, it is undertaking a 10% private placement to raise RM5.56mil for working capital.
On Monday, European markets rallied to multi-year highs after centrist Emmanuel Macron won the first round of the French election. Subsequently, US stocks also jumped following the French election result.
Last Friday, the FBM KLCI rallied 14.44 points to close at 1,756.05.
“After the bullish performance in the US and Europe, the KLCI could follow suit and test its resistance of 1,770,” it said.
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