Trading ideas: DNeX, Maxis, Pasukhas, Leong Fuat


KUALA LUMPUR: Companies which could see trading interest on Friday include DNeX, Maxis, Pasukhas and Leong Fuat after their corporate announcements, JF Apex Research says.

DNeX said it has been notified by the Malaysian Anti-Corruption Commission (MACC) of the arrest of several key management personnel of its semiconductor subsidiary SilTerra Malaysia Sdn Bhd for possible graft.

Maxis has offered a performance share grant involving 10.5 million ordinary shares in the telecommunications group for its eligible employees, under its long-term incentive plan (LTIP).

Pasukhas inked an MoU with Porto Three Sixty Sdn. Bhd and Perbadanan Ketua Menteri Melaka to set up a consortium to jointly take part in the bidding process for the Public-Private Partnership Project for construction and operation of waste treatment plant waste to energy at Sungai Udang, Melaka.

Leon Fuat’s 2QFY21 net profit surged to RM32.1mil from RM2.7mil a year ago thanks to higher steel prices.

JF Apex Research also pointed out the US market declined for a fourth straight day despite better-than-expected jobless claims as investors seek more clarity on the Federal Reserve's next move.

Earlier, European stocks were mixed after the European Central Bank kept its monetary policy unchanged.

At Bursa, the FBM KLCI tumbled 18.74 points to 1578.89. Following yesterday's selldown, the FBM KLCI could remain sideways below the resistance of 1,600.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

32 companies awarded FiT quotas, set to generate RM1.14bil investments
Bursa Malaysia gives up earlier gains to end lower
Bonia unit to acquire KL property for RM35.51mil
Sunview unit undertakes EPCC of solar energy facility for RM122mil
Gamuda to acquire 30% stake in ERS Energy for RM200mil
China stocks fall on profit-taking following new Covid easing measures
Bank Negara's international reserves rise to US$109.7bil as at Nov 30
CIMB launches sustainability-linked Treasury programme with pioneering clients Farm Fresh and Sunway
India central bank raises key rate, says inflation battle not over
Taiwan seeks to reassure on TSMC commitment to island despite US investment

Others Also Read