KUALA LUMPUR: BERMAZ AUTO BHD, FGV Holdings Bhd, CUSCAPI BHD, OSK HOLDINGS BHD, Securemetric Bhd, Pestech International Bhd and Pantech Group Holdings Bhd are among the stocks to watch on Thursday, according to JF Apex Research.
Bermaz Auto launched the new Mazda CX-30, a new compact crossover SUV that sits between the CX-3 and CX-5 on the sizing scale.
The Roundtable on Sustainable Palm Oil (RSPO)'s complaints panel has suspended principles and criteria certification processes for all of FGV Holdings' uncertified units, while re-imposing its suspension of FGV's mill unit Kilang Sawit Serting.
RSPO said its complaints panel had reviewed six audit reports on the FGV units and found the results to be unsatisfactory.
Cuscapi is collaborating with Indonesian-based PT Cartenz Inti Utama for the supply and implementation of 20,000 point-of-sale (POS) system units in Indonesia.
OSK Holdings and its Japanese partner Marubeni Corp have been unsuccessful in their joint bid for a large scale solar photovoltaic plant in Peninsular Malaysia under the Government’s third cycle of the scheme.
Securemetric has invested in a 5% stake in Indonesian digital startup PrivyID for a cash consideration of 20.25 billion Indonesian rupiah (RM6.03mil).
The company signed a conditional share subscription agreement with PT Privy Identitas Digital.
Pestech is expanding its business in Cambodia by acquiring a 94% stake in a Cambodian company.
The group said its unit Astoria Solar Farm Sdn Bhd is investing US$4mil (about RM16mil) to acquire from two individuals, a 94% stake in Green Sustainable Ventures (Cambodia) Co Ltd.
Pantech’s third quarter net profit slipped to RM10.3mil compared with RM11.2mil made a year a year ago mainly due to weaker contribution from its trading division amid new shipment of carbon steel products to the US boosted its revenue during the quarter.
Meanwhile, US markets rose overnight after the US and China signed the phase one trade agreement.
Earlier, European stocks ended mixed prior to the signing of the trade agreement as well as weak German GDP and UK inflation.
“Following the positive performance in Wall Street, the FBM KLCI could extend its rebound towards the resistance of 1,615 points, ” JF Apex said.
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