KUALA LUMPUR: Gabungan AQRS Bhd , Country Heights Holdings Bhd , JAKS Resources Bhd , Bioalpha Holdings Bhd and PUC Bhd are among the stocks to watch on Friday, according to JF Apex Research.
Gabungan AQRS posted a 80.7% year-on-year spike in its third quarter net profit, in tandem with higher revenue as its projects moved to more advanced stages of construction.
Country Heights’s wholly owned subsidiary Mines International Exhibition Centre Sdn Bhd (MIEC) has roped in a partner as it looks to develop an auto lifestyle centre, as well as conduct other auto industry-related businesses.
JAKS Resources is looking to renewable energy as a new source of revenue for the group, which currently has businesses in power generation, construction and property development.
Bioalpha aims to increase its export sales to China by partnering with Jinrui Fortune Holding Group.
PUC has scrapped a joint venture (JV) with GreenTech Malaysia Alliances Sdn Bhd (GTMA) to jointly bid for renewable energy (RE) projects in government or government-linked corporations.
Also, its memorandum of understanding with point-of-sale services provider Bersian Technology (M) Sdn Bhd to implement a cross-marketing collaboration, has lapsed.
Meanwhile, US stocks fell yesterday after minutes from the Fed’s September meeting showed that the central bank remains convinced for more rate hikes ahead.
Similarly, European stocks closed lower Wednesday following the news of decline in European car sales for the month of September.
Investors are tracking closely on the Brexit talks and corporate earnings for future direction.
“Following the weak market sentiment in the US and European markets, the FBM KLCI is expected to trend lower today with support at the 1700-point level,” JF Apex said.