The research house also also expects Petronas Chemicals, AirAsia X, MISC, SP Setia, Malayan Flour Mills and KKB Engineering to see trading interest following their latest quarterly results.
KNM has bagged an additional purchase order worth US$5.18mil (RM21.51mil) from PSS Netherlands B.V. Sharjah Branch, which will last till Oct 10,2020.
MFCB's 51% indirect unit Serudong Power Sdn Bhd is planning to sell its power plant in Tawau and all related assets, which will contribute a profit increase of RM9.65mil to the group's financial year ending Dec 31,2019.
NetX Holdings has inked a Memorandum of Understanding with PUC to explore a potential collaboration to jointly expand, promote and strengthen their presence in the e-commerce and financial technology (e-payment) industry.
BTM Resources, which is principally involved in the wood-based industry, is partnering with Markmore Energy (Labuan) Ltd (MELL), which is controlled by Tan Sri Halim Saad, to participate in the proposed production of liquefied petroleum gas (LPG) using natural gas supplied from the Rakushechnoye Oil and Gas Field.
JF Apex noted that Petronas Chemicals, AirAsia X, MISC saw their quarterly earnings decline year-on-year, whilst SP Setia, Malayan Flour Mills, KKB Engineering posted better year-on-year quarterly net profits.
Meanwhile, US markets ended mixed overnight with the Dow and S&P extending their record highs while the Nasdaq was slightly lower following trade uncertainty and the Federal Reserve chairman's comment that rates will be unchanged.
Earlier, European stocks declined following concerns over US-China trade talks and the Fed chairman's remarks.
“Following the uncertainties in the US and Europe, the FBM KLCI could remain lackluster with support at 1,570 points, ” JF Apex said.
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