KUALA LUMPUR: Stocks to watch on Monday include MMC Corp Bhd, Gamuda Bhd, FGV Holdings MRCB-QUILL REIT (MQREIT), ATTA Global Group Bhd and Heng Huat Resources Group Bhd, according to JF Apex Research.
MMC and Gamuda have formalised their roles in the Mass Rapid Transit Sungai Buloh-Serdang-Putrajaya (SSP) line (MRT2) as joint turnkey contractor, from project delivery partner (PDP) previously.
The supplemental agreement is to formalise the role of MMC-Gamuda to deliver and be responsible for the design, execution and completion of the entire SSP Line (for both above ground and underground) on a turnkey basis.
FGV Holdings said the decision by the complaints panel (CP) of the Roundtable on Sustainable Palm Oil (RSPO) to re-suspend its Kompleks Serting and put on hold the ongoing new certification processes at 23 other complexes would not have any material impact on the group and its subsidiaries.
MRCB-Quill REIT's fourth quarter net loss stood at RM24.38mil versus a net profit of RM8.05mil a year earlier, as it registered lower gross revenue and net property income, besides a RM36.73mil fair value loss for its investment properties across the Klang Valley and Penang.
The Securities Commission Malaysia (SC) said it has directed Bursa Malaysia to suspend Atta Global and Heng Huat's securities trade after the Royal Malaysia Police seized trading accounts belonging to several key individuals involved in these companies.
Meanwhile, US markets climbed on Friday to record high levels following strong economic data and quarterly results.
Similarly, European stocks advanced after China's GDP came in within expectations.
“Following the bullish performances in the US and Europe, the FBM KLCI could extend its rebound towards the resistance of 1,615 points, ” JF Apex said.
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