KUALA LUMPUR: Stocks to watch on Monday include Tenaga Nasional Bhd, FGV Holdings Bhd, Guan Chong Bhd, Malaysia Airports Holdings Bhd, Maxis Bhd, Alliance Bank Malaysia Bhd and AMMB Holdings Bhd, according to JF Apex Research.
TNB, FGV, MMC, Guan Chong, Gas Malaysia, IHH, Serba Dinamik, Hengyuan, MFM, BIMB, GDB, Pecca achieved better year-on-year quarterly results.
On the other hand, MAHB, Maxis, Alliance Bank, Padini, RHB Bank, CIMB, Hong Leong Bank, Affin Bank, 7-Eleven, Paramount, I-Bhd recorded weaker year-on-year net profits.
Komarkcorp plans to become the country’s largest face mask manufacturer by the middle of the year, after subsidiary Komark Mask (M) Sdn Bhd received full FDA and Ce certification for its suite of medical masks, which will allow it to export globally.
AMMB has agreed to pay RM2.83bil to the government as a global settlement on all outstanding claims and actions in relation to the AmBank Group's involvement in the 1Malaysia Development Bhd corruption scandal, announced the Ministry of Finance.
Top Glove is planning to float new shares in Hong Kong to raise up to RM7.7bil.
DNex has been slapped with a penalty of RM10.3mil for infringement against the Malaysia Competition Commission (MyCC).
Vivocom announced a US$934.7mil (RM3.79bil) sand contract awarded by the joint-venture contractor undertaking the main reclamation works for the Hong Kong International Airport Three Runway System project.
Datasonic has bagged a contract worth RM4.33mil from the Ministry of Home Affairs.
Meanwhile, US markets ended mixed on Friday with the Dow and S&P falling but the Nasdaq rose as bond yields came off 1 one-year high.
Earlier, European stocks declined following concerns over the 10-year US Treasury yield.
“Following the mixed performance in Wall Street, the FBM KLCI could remain sideways below the resistance of 1,615 points,” JF Apex said.