KUALA LUMPUR: Westports Holdings Bhd, Seacera Group Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, LFE Corp Bhd, Gadang Holdings Bhd and DWL Resources Bhd are among the stocks to watch on Monday, according to JF Apex Research.
Westports' 1Q net profit rose 13% year-on-year thanks to a container tariff hike, effective from March 1, 2019.
Seacera has been classified as a Practice Note 17 (PN17) company as it has defaulted on the payment of principal and profits to AmBank Islamic Bhd and not being able to provide a solvency declaration to Bursa Malaysia Securities.
MMHE posted a higher net loss of RM29.37mil in the first quarter ended March 31, 2019 versus a net loss of RM25.27mil a year earlier, as work order materialisation has been slower than expected especially in the offshore-fabrication segment.
LFE has bagged two contracts worth RM50.2mil for sub-contract works in Johor.
Gadang has purchased 20 million shares in DWL Resources for RM18mil in cash or 90 sen per share, in a bid to build and strengthen the business relationship between both companies.
Gadang said the acquisition of the shares, which represented a 10.07% stake in DWL Resources, was done via a direct business transaction.
Kumpulan Perangsang Selangor Bhd has declared a special one-off dividend of 32.6 sen per share, following its divestment of its 30%-stake in Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash).
Meanwhile, US markets rose to record highs on Friday after better-than-expected 1Q GDP data.
European stocks edged higher amid corporate earnings.
“Following the positive performances in the US and Europe, the FBM KLCI could remain buoyed with an eye on the resistance of 1,655 points,” JF Apex said.
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