KUALA LUMPUR: TSR Capital Bhd , Cahya Mata Sarawak Bhd (CMSB), FGV Holdings Bhd, PBA Holdings Bhd and Ranhill Holdings Bhd are among the stocks to watch on Tuesday, according to JF Apex Research.
TSR Capital has secured an RM307mil earthwork sub-contract for the Gemas-Johor Bahru electrified double-track project from Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd.
The group will be undertaking site clearance and embankment earthwork for the project.
Cahya Mata Sarawak is taking majority control in associate company Malaysian Phosphate Additives (Sarawak) Sdn Bhd (MPAS), raising its stake from 49.94% to 60% for RM64.24mil cash.
FGV Holdings has identified RM350mil worth of non-core assets for disposal, as well as several areas for partnerships to capitalise its strengths and plug capacity gaps.
PBA is seeking a water tariff revision to raise RM501mil to invest in five water supply projects in the State between 2019 and 2021.
Ranhill’s 26.7%-owned associate, Tawau Green Energy Sdn Bhd (TGE), has failed in its appeal against a revocation of its feed-in approval for the development of Malaysia’s first geothermal power plant with a capacity of 37MW in Tawau, Sabah.
Meanwhile, US markets closed lower overnight following concerns on corporate earnings.
Earlier, European stocks tumbled as lower Chinese export spark fears of an economic slowdown.
“Following the bearish performance in the US and Europe, the FBM KLCI could trend lower towards the support of 1,650 points,” JF Apex said.