KUALA LUMPUR: Ancom Bhd , Zhulian Corp Bhd , Dataprep Holdings Bhd and Johan Holdings Bhd are among the stocks to watch on Thursday following their latest corporate news, according to JF Apex Research.
The research house said a consortium comprising Ancom and three other firms has bagged the advertising service concession for phase one of the Mass Rapid Transit (MRT) in Jakarta.
Zhulian’s net profit in the third quarter ended Aug 31, 2017 (3QFY17) rose 138% to RM14.58mil, from RM6.11mil a year ago, as it recorded higher revenue and a 2.9-times jump in other comprehensive income during the quarter.
Johan’s chairman and chief executive officer Tan Sri Tan Kay Hock, who owns 48.17% stake, has launched a mandatory takeover offer at 25 sen a share.
Dataprep received an unconditional mandatory takeover offer of 16 sen per share after Wardah bought over a 64.2% stake from VXL Holdings.
Meanwhile, US markets jumped overnight to extend record highs minutes of the Federal Reserve meeting pointed to an interest rate hike in December.
Earlier, European stocks ended mixed amid the political uncertainty in Spain.
“Following the lacklustre performance, the FBM KLCI could remain pressured and trend lower towards the support of 1,750 points,” JF Apex said.