KUALA LUMPUR: Stocks to watch on Monday include Yinson Holdings Bhd, MTD ACPI Engineering Bhd, KTG Bhd, Komarkcorp Bhd, Johan Holdings Bhd, Wegmans Holdings Bhd and Lambo Group Bhd, according to JF Apex Research.
Yinson's wholly-owned subsidiary, Yinson Renewables (S) Pte Ltd, has completed its acquisition of an additional 57.5% equity interest in Rising Sun Energy Pvt Ltd (RSE).
The group said RSE is an India-incorporated company with two operational solar plants in the Bhadla Solar Park, Rajasthan.
MTD ACPI Engineering said its unit MTD Construction Sdn Bhd has won a tender for the proposed pavement rehabilitation and associated works at East Coast Expressway 2.
The RM3.85mil contract commences on Dec 29 and is due for completion on March 28, 2021.
KTG is planning to venture into the glove manufacturing business. KTG’s wholly-owned unit APPI Sdn Bhd has entered into a memorandum of understanding with Howellcare Industries Sdn Bhd, a company involved in latex and nitrile examination glove manufacturing.
KTG said the contract price is RM54.8mil, and it will be satisfied in cash.
Komarkcorp has proposed to undertake a share split involving the subdivision of every 10 existing shares in the company into 18 shares.
Johan is disposing of its loss-making credit card business in Singapore for S$103.59mil (RM313.98mil).
Wegmans is acquiring a 90% stake in screws, nuts and spare parts manufacturer Wison Screw Industries Sdn Bhd (WSI) forRM16.2mil, as part of its expansion strategy.
The purchase consideration will be settled via issue of new shares.
Lambo has proposed to undertake a private placement of up to 775.06 million shares to raise as much as RM24.8mil, which will mainly be used for its wine business.
Plywood products maker Cymao has proposed to diversify into the construction and project management business.
Meanwhile, US stocks posted slight gains in thin trading on Thursday to wrap up the holiday-shortened week.
European stocks closed mixed after a light trading session Thursday, as traders grew optimistic a Brexit trade deal would be reached.
“We expect the local bourse to be muted this week, hovering between the support level of 1,615 points and the resistance level of 1,695 points, as investors away for year-end holidays,” JF Apex said.
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