KUALA LUMPUR: UMW Holdings Bhd , Serba Dinamik Holdings Bhd, Petronas Dagangan Bhd and Taliworks Corp Bhd are among the stocks to watch, according to JF Apex Research.
The research house also expects Vertice Bhd and Eita Resources Bhd to see trading interest following their latest news.
UMW has aborted the proposed acquisition of a 50.07% stake in MBM Resources Bhd (MBMR) and the resultant proposed mandatory takeover offer (MGO).
Serba Dinamik is acquiring a 42.26% stake in loss-making E&E Gas Sdn Bhd (EGSB), together with 10.45 million redeemable convertible preference shares (RCPS), for a combined RM26.44mil.
The group was awarded an engineering, procurement, construction and commissioning (EPCC) contract worth RM332.8mil by EGSB for onshore LNG distribution infrastructure facilities in Lumut, Perak.
Petronas Dagangan has cancelled the implemented price hike on its Gas Petronas Home Delivery (GPHD) service, after acknowledging the public's concerns.
Taliworks has bagged a RM42.36mil contract from Setia Haruman Sdn Bhd to build a reservoir called 76ML R.C. Reservoir R4 and to undertake related ancillary works at Cyberjaya, Selangor.
Vertice has secured a sub-contract job worth RM25mil, involving modification works at the musical amphitheatre Arena of Stars in Genting Highlands, Pahang.
Eita Resources has bagged its fourth contract from Tenaga Nasional Bhd to carry out a double circuit 132 kilovolt (kV) underground cable project in Melaka worth RM48.94mil.
Meanwhile, US markets rallied overnight to extend its rebound following positive corporate earnings.
Similarly, European stocks enjoyed sharp gains amid stronger-than-expected quarterly results.
“Following the bullish performance in the US and Europe, the FBM KLCI is expected to rise further with resistance at 1,750 points,” JF Apex said.