KUALA LUMPUR: GDB Holdings Bhd, Ho Hup Construction Bhd, TRC SYNERGY BHD, Top Glove Corp Bhd, Scientex Bhd and Poh Kong Holdings Bhd are among the stocks to watch on Friday, according to JF Apex Research.
GDB has secured a RM517mil contract to undertake construction works as the main contractor for the Park Regent residential development located at Desa Park City here.
Ho Hup Construction plans to raise up to RM17.79mil via a private placement of up to 10% of its total issued shares to third party investor(s) to be identified later.
TRC Synergy has been reinstated as the developer of a civil servant housing development project in Putrajaya by Perbadanan Putrajaya (PJC), from which it was axed seven months ago on the grounds of national interest.
Top Glove's net profit for the 4QFY19 fell 13.2% year-on-year mainly due to increased competition and a spike in natural rubber latex price.
Scientex's 4QFY19 net profit jumped 61% year-on-year, on improved sales performance achieved from both the manufacturing and property divisions.
Poh Kong’s 4QFY19 net profit rose 18% year-on-year thanks to higher gold prices.
Aeon Credit Service’s 2QFY20 net profit dropped 39.1% year-on-year on increased impairment losses.
Hai-O Enterprise's 1QFY20 net profit fell 30% year-on-year no thanks to lower contribution from its multi-level marketing (MLM) division.
Meanwhile, US markets declined overnight following concerns on trade war and Trump's impeachment inquiry.
Earlier, European stocks advanced after Germany's improved consumer sentiment and optimism over US-China trade talks.
JF Apex said the FBM KLCI could remain sideways above the support of 1,570 points following the mixed performances in the US and Europe.
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