KUALA LUMPUR: Daibochi Bhd, Komarkcorp Bhd, Scientex Bhd, KESM Industries Bhd, Serba Dinamik Holdings Bhd and MMAG Holdings Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.
Daibochi’s 2QFY21 net profit rose 3.2% year-on-year. Operating profit, however, was down 22.1% year-on-year mainly due to higher raw material prices and surge in freight costs which depressed the overall group’s margin.
Komarkcorp said it has received a letter of intent from Poland-based Robayu Corp to export 48 million pieces of three-ply medical-grade masks to the US.
The order is expected to be valued at US$4.8mil to mirror European pricing counterparts, and will be carried out over 12 months, the group said in a bourse filing.
Scientex said its latest quarterly net profit rose 15.07% year-on-year, on robust property sales and construction progress, as well as stable packaging segment contributions.
KESM saw its net profit grew 239% year-on-year or 3.4 times to RM6.33mil in its 2QFY21 due to higher other income - gain on disposal of machinery and test equipment of RM3.1mil, and fair value gain on investment in securities of RM2.8mil.
Serba Dinamik said its indirect wholly-owned subsidiary Serba Dinamik Sdn Bhd has secured a term contract involving rotating equipment maintenance services for the Petronas LNG Complex Malaysia from Malaysia LNG Sdn Bhd.
The company has also secured an operations and maintenance (O&M) contracts and three information, communication & technology (ICT) jobs worth US$99.6mil (RM408.80mil) in India and Indonesia.
MMAG, the owner of Line Clear Express & Logistics Sdn Bhd, has invested RM8.17mil for a 9.92% in builder Dynaciate. MMAG told Bursa Malaysia that it had acquired 65.88 million new Dynaciate shares at 12.4 sen each via a private placement exercise.
Complete Logistic Services saw businessman Datuk Eddie Ong Choo Meng emerging as its largest shareholder, after acquiring 29.18% or 37.45 million shares from Dolphin Assets Sdn Bhd in an off-market transaction.
Vizione has inked a memorandum of collaboration with Negeri Sembilan government agency NS Corp for the development of Malaysia Vision Valley 2.0 (MVV 2.0).
Meanwhile, US markets advanced overnight with the Nasdaq staging a sharp rebound following gains in technology counters.
Earlier, European stocks climbed amid easing US bond yields, progress in US covid relief bill and corporate earnings.
“Following the bullish performance in Wall Street, the FBM KLCI could extend its gains towards the resistance of 1,645 points,” JF Apex said.