KUALA LUMPUR: Stocks to watch on Monday include CTOS Digital Bhd, Privasia Technology Bhd, SCOMI GROUP BHD, Pestech International Bhd, Willowglen MSC Bhd and Pharmaniaga Bhd, according to JF Apex Research.
CTOS Digital makes its listing debut today on the Main market of Bursa Malaysia. Meanwhile, the group posted a 64% jump in its 2QFY21 normalised net profit.
The group also declared a first interim single tier dividend of 0.533 sen per share for FY21, which will be paid on Sept 3, 2021.
Privasia Technology has secured two contracts worth RM46.49mil in total from Westports Malaysia Sdn Bhd to provide IT network, security, outsourcing and management services.
Scomi Group is expanding its portfolio of services for the rail industry via a joint-venture agreement (JV) signed with railway track specialist and rail infrastructure and maintenance contractor, RC Asia Engineering Sdn Bhd.
Pestech has signed an agreement with Sarawak Energy to work together on a research project to explore clean alternative energy solutions to replace diesel generators or other chemical-based energy storage solutions predominantly used in rural electrification.
Willowglen MSC has secured a three-year contract worth about RM41.55mil from Singapore's Public Utilities Board for the Security System and Facility Enhancement at various PUB Waterworks and Desalination Plants.
Kim Loong Resources’ net profit for its 1QFY22 rose nearly 24% yoy, as higher selling prices more than offset lower production in the period.
Pharmaniaga clarified in a statement that the discontinuation is actually due to the company meeting its obligation to supply a total of 12 million doses amid news reports on the government's plan to stop administering Sinovac Covid-19 vaccines in Malaysia once its supplies end.
Berjaya Corp said the strategic plans mentioned by its chief executive officer Abdul Jalil Rasheed at a virtual event on Thursday were merely personal ideas and strategies, and that its board is not aware of them and has not deliberated on any of them.
Following the recent flattish trend, JF Apex said the FBM KLCI could remain sideways above the support of 1,500 points.
The research house said after the selldown in March 2020, the FBM KLCI hit
the lowest since May 2010 but staged a sharp rebound to almost 1,700 points in December.
“Since January, the index has been trending sideways but last month’s decline broke the support of 1,550 points. Following this month’s selldown, the benchmark index trended sideways above the support of 1,500 points and could stage a rebound soon,” it added.