LKL International has inked an agreement with AT Systematization to market, sell and distribute natural rubber latex gloves and nitrile gloves.
Techfast announced that it has signed a letter of intent (LOI) to supply up to 6.45 million barrels of diesel gas oil worth an estimated RM1.14 billion.
Pentamaster’s 3QFY20 net profit fell 30% year-on-year, due to lower revenue.
In addition, JF Apex expects some stocks to be under investors’ interests following the Budget 2021 announcement last Friday.
“Overall, we deem the Budget to be a non-event for the market as there are not many positive and negative surprises.
“We are neutral on the market with our FBM KLCI year-end target of 1,470 points.
“Our top picks are Axiata (TP: RM3.93), Tasco (TP: RM2.52), CCK (TP: RM0.79), Wellcall (TP: RM1.21), AME (TP: RM2.21), Frontken (TP: RM4.33) and Foundpac (TP: RM1.30),” JF Apex said.
Meanwhile, US markets ended flat on Friday as the election rally takes a breather. Earlier, European stocks declined due to higher coronavirus infections and with more lockdowns being implemented.
“Following the mixed performances in the US and Europe, the FBM KLCI could take a breather from recent gains and consolidate below the resistance of 1,545 points,” JF Apex said.