KUALA LUMPUR: JF Apex Research expects Heineken Malaysia Bhd, Genting Bhd, Permaju Industries Bhd, Pintaras Jaya Bhd, Majuperak Holdings Bhd and BCM Alliance Bhd to be among the stocks to watch on Tuesday.
The government has revoked the permission given to Heineken to operate during the Movement Control Order (MCO) period.
Genting Singapore, a 52.7% subsidiary of Genting Bhd, will be temporarily suspending all guest offerings including Universal Studios Singapore, SEA Aquarium, Adventure Cove Waterpark and Dolphin Island, and casino from today until May 4, 2020, in line with the Singapore government’s directives.
Permaju Industries is looking into bottling and distributing a Hong Kong firm’s sanitiser product for the Southeast Asian market.
The product, Penalco, is one of the few solutions in the world that have successfully been tested to work against the Covid-19 virus.
Pintaras Jaya said its construction sites and office in Singapore will be temporarily closed, following the Singapore government’s announcement of closure of all workplaces from April 7 to May 4, except for those in essential services, due to the Covid-19 outbreak.
Majuperak, via its wholly-owned unit Majuperak Power Resources Sdn Bhd, will be partnering with United Solar Energy (Malaysia) Sdn Bhd through a joint-venture agreement to jointly venture into the Solar Photovoltaic Generating System project using the Net Energy Metering scheme in Perak.
BCM Alliance said its healthcare products such as thermometers and nebulisers sold under 51.03%-owned unit Cypress Medic Sdn Bhd have seen a spike in demand in the wake of the outbreak of the pandemic.
Meanwhile, US markets rallied over 7% following signs that the coronavirus outbreak is slowing down.
Earlier, European stock advanced over hopes that the pandemic is stabilising.
“Following the bullish performances in the US and Europe, the FBM KLCI could climb and test its resistance of 1,370 points,” JF Apex said.
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