A-Rank's 4Q net profit fell 24.0% year-on-year mainly on higher provision for income tax due to the effect of certain expenses not deductible for tax purposes.
Sinotop has terminated its agreement with executive director and major shareholder Datuk Justin Soo Sze Ching for the fabric manufacturer's planned acquisition of builder Asianmax Corp Sdn Bhd under a cash and share deal worth RM96mil.
Handal Energy has bagged a contract to provide offshore crane operations and maintenance services;
LB Aluminium posted a 70.4% increase in its 1QFY20 net earnings.
Meanwhile, US markets rose overnight led by technology counters amid optimism over USA-China trade negotiations.
Earlier, European stocks advanced following developments in the US-China trade war.
“Following the positive performance in the US and Europe, the FBM KLCI could remain buoyed above the support of 1,570 points, ” JF Apex said.