KUALA LUMPUR: Stocks to watch on Thursday include AE Multi Holdings Bhd, Dayang Enterprise Holdings Bhd, Heitech Padu Bhd, Eco World Development Group Bhd, UEM Sunrise Bhd and Chin Hin Group Bhd, according to JF Apex Research.
The research house house also said WCT Holdings Bhd, Greatech Technology Bhd, AEON Credit Service (M) Bhd, Genting Malaysia Bhd and Wintoni Group Bhd could see trading interest following their latest corporate news.
AE Multi has bagged another project to set up the production facility for PNE PCB, a new entrant to the rubber glove industry.
Dayang Enterprise has won a contract extension from Sarawak Shell Bhd. The group said its wholly-owned subsidiary DESB Marine Services received the contract extension for the provision of an accommodation workboat, Dayang Opal.
The Inland Revenue Board has renewed a contract worth RM35.3mil for HeiTech Padu for supply, delivery and renewal of CA Gen software, Access Gen (TSO) and Composer Report for the mainframe system.
Eco World Development said the property developer’s board has decided not to pursue the proposed merger with rival UEM Sunrise following careful evaluation of the merger alongside EcoWorld’s own business plans and the current challenging environment with the re-implementation of the Movement Control Order (MCO).
Chin Hin Group Property has proposed to acquire a 1,943 sq metre piece of vacant land in Kuala Lumpur for RM20.91mil to develop office lots.
WCT said a judicial committee has upheld the Dubai Court of Appeal's decision that recognises a final award of RM1.2bil in favour of the company in its dispute with Meydan Group LLC over the Nad Al Sheba Dubai Racecourse project.
Greatech Technology is buying 5.9 acres of leasehold land in Penang for RM13.37mil from the Penang Development Corp.
Aeon Credit has been granted a renewal for its money-lending licence under the Moneylenders Act 1951 and Moneylenders (Control and Licensing) Regulations 2003 by the Ministry of Housing and Local Government.
Genting Malaysia’s Resorts World Genting (RWG) has issued a notice that it anticipates a decline in number of visitors following the implementation of the MCO, conditional MCO (CMCO) and recovery MCO (RMCO).
It said it will be operating at a lower capacity and that some of its offerings may not be available from Jan 13, 2021.
Wintoni has been granted a further extension of time to appoint a replacement sponsor and submit its regularisation plan.
Meanwhile, US markets ended mixed with the Dow falling while the S&P and Nasdaq posted gains after Federal Reserve officials said interest rates will not be raised.
Earlier, European stocks climbed amid vaccine rollout and lockdown measures in the region.
“Following the mixed performances in the US and Europe, the FBM KLCI could hover sideways below the resistance of 1,650 points,” JF Apex said.
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