KUALA LUMPUR: AEON CREDIT SERVICE (M) BHD, Icon Offshore Bhd, MAH SING GROUP BHD, UNITED MALACCA BHD, Berjaya Corp (BCorp) and VS Industry Bhd are among the stocks to watch, according to JF Apex Research.
Aeon Credit's 1QFY19 net profit jumped 30.9% year-on-year mainly due to an increase in financing receivables.
Icon Offshore has bagged contracts valued at RM275mil from oil and gas companies to provide offshore support vessels (OSVs) for their production operations in Malaysian waters.
Mah Sing, which plans to roll out projects carrying a combined gross development value (GDV) of RM2.2bil this year, has deferred most of their launches until later in the year.
United Malacca’s 4QFY18 net profit sank 71% year-on-year on lower revenue, higher cost of sales and lower investment income incurred.
BCorp fell into the red with a net loss of RM95.19mil for its 4QFY18, from a net profit of RM3.24mil a year ago, following a significant drop in profit from operations.
VS Industry’s 3QFY18 net profit tumbled 58% year-on-year mainly due to lower gross margin caused by higher raw materials and labour costs.
OKA plans to undertake a bonus issuance on the basis of one bonus share for every two existing shares held (one-for-two basis) to reward its shareholders.
Meanwhile, US markets rose overnight following rebound in financial and technology counters.
Earlier, European stocks were negative as concerns on trade war continue to linger.
“Following the rebound in Wall Street, the FBM KLCI is expected to climb towards 1,700 points as window dressing kick in,” JF Apex said.