KUALA LUMPUR: Gunung Capital Bhd, Country View Bhd, Rubberex Corp Bhd, LYC Healthcare Bhd, Fraser & Neave Holdings Bhd (F&N) and Alam Maritim Resources Bhd are among the stocks to watch on Tuesday, according to JF Apex Research.
Gunung Capital’s board of directors has not deliberated on any proposed investment into a financial institution in Cambodia, although the company has commenced exploring investment opportunities there.
Country View has accepted RM31mil in Islamic financing from AmBank Islamic Bhd for working capital purpose.
Rubberex is planning to undertake a private placement to raise RM31mil, at RM1.23 apiece, to expand its production lines for nitrile gloves.
LYC Healthcare said it is acquiring a 51%-stake in Singapore-based T&T Medical Group Pte Ltd for S$7.29mil (RM22.27mil).
T&T is principally involved in the provision of clinics and other general and specialised medical services.
JF Apex said plantation counters could come under spotlight as Malaysia criticised the World Health Organization for advising adults to avoid palm oil in their diet during the COVID-19 outbreak and use alternatives such as olive oil.
F&N saw its 2QFY20 net profit decline 2.16% year-on-year, as revenue was affected by the Covid-19 pandemic and the subsequent Movement Control Order that was implemented.
Alam Maritim has received a work order for underwater services from SapuraOMV Upstream (PM) Inc for RM6.49mil.
KKB Engineering has bagged an approximately RM53mil contract from the Kuching Water Board (KWB) for the proposed construction, completion and commission of water supply from Jalan Kawa/Matang to the Matang Mid-Level Reservoir for stressed areas under the Sarawak Water Supply Grid Programme.
Ageson’s wholly-owned subsidiary Esa Pile Sdn Bhd has accepted a purchase order from Guangzhou Kaishengda Industrial Co Ltd (GKI) for river sand and sea sand for a period of 15 years, a contract valued about Chinese Renminbi 44.8 billion (approximately RM27.5bil).
LPI Capital's 1QFY20 net profit rose slightly to RM77.92mil, from RM77.16mil, on the back of profit from the general insurance segment.
Overnight, US markets rose overnight amid the government reopening the economy and rising tension between the US and China.
Earlier, European stocks declined amid lower oil prices and declined manufacturing activity.
“Following the mixed performances in the US and Europe, the FBM KLCI retest its support of 1,370 points,” JF Apex said.
Did you find this article insightful?