KUALA LUMPUR: JF Apex Research expects Gamuda Bhd, UEM Edgenta Bhd, KKB Engineering Bhd, FGV Holdings Bhd, Nexgram Holdings Bhd and M3 Technologies (Asia) Bhd to be among the stocks to watch on Tuesday.
A joint venture (JV) between Gamuda and BMD Constructions Pty Ltd has been invited to tender for a motorway connecting to the south of Sydney, Australia, costing about A$2.6bil (RM7.27bil).
UEM Edgenta has teamed up with Kaodim Sdn Bhd — a regional e-marketplace services provider — to kick-start a collaboration between them, with an immediate pilot roll-out to a client of UEM Edgenta with a nationwide presence.
Under the collaboration, Kaodim will provide an enterprise platform solution for UEM Edgenta’s vendor procurement and delivery of services, the first-of-its-kind in the asset management and infrastructure solutions space.
FGV Holdings has voluntarily ceased operations at five palm oil mills within the Sahabat region in Lahad Datu, Sabah, after police enhanced the Movement Control Order (MCO) in the area following the detection of 11 Covid-19 cases.
KKB Engineering has bagged a contract worth RM15mil from Sarawak Energy Bhd for the supply and delivery of steel poles for one year.
Nexgram has teamed up with Indonesia’s PT Mitra Abadi Propertindo Utama (MAPU) to sell medical test kits in Indonesia and other Southeast Asian markets.
MAPU has estimated that it will require 500,000 sets of detection and diagnostic kits and 500,000 sets of rapid test kits this year.
M3 Technologies and AT Engineering Solutions Sdn Bhd, a unit of AT Systematization, have inked a Memorandum of Collaboration for the supply, provision enhancements and value additions to the anti-epidemic integrated disinfection chambers in the fight against Covid-19.
Ajiya’s 1QFY20’s net profit almost tripled to RM3.1mil from RM1.05mil on higher interest and other income received, despite recording lower revenue.
Meanwhile, US markets tumbled overnight as oil futures plunged and the Senate failed to agree on the next economic stimulus.
Earlier, European stocks gained slightly following developments in the coronavirus outbreak and lower oil prices.
“Following the negative performances in Wall Street and oil prices, the FBM KLCI could retrace its recent gains with support at 1,370 points,” JF Apex said.
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