KUALA LUMPUR: Stocks to watch on Friday include Hextar Global Bhd, Dialog Group Bhd, Frasers & Neave Holdings, Symphony Life Bhd, Sarawak Consolidated Industries Bhd and Ecomate Holdings Bhd, according to JF Apex Research.
In a report, JF Apex said Hextar Global is buying TufBond Technologies Sdn Bhd, a synthetic latex polymers manufacturer for RM13mil in cash.
Dialog Group’s engineering, procurement, construction and commissioning (EPCC) segment secured another contract with an estimated value of RM248mil in Pengerang, Johor,
Frasers & Neave Holdings announced its fourth quarter ended Sept 30, 2021 (4QFY21) results with revenue dropping by 6% to RM896.26mil from RM953.7mil a year ago.
Symphony Life is proposing a private placement to raise up to RM38.18mil to fund its property development projects and working capital.
Sarawak Consolidated Industries has been given an ultimatum today by regulator Bursa Malaysia to submit its annual report by Monday, Nov 8 or it will face suspension.
Ecomate Holdings Bhd reported its first quarterly results as a public-listed company for the first time, with topline figures at RM6.45mil while suffering a net loss of RM1.81mil for its second quarter ended August 31, 2021 (2QFY22).
Meanwhile, the US market ended mixed overnight with the Dow falling while the S&P and Nasdaq extended their record highs after the Federal Reserve's plan to start tapering and the latest jobs report.
Earlier, European stocks advance after the Bank of England kept interest rates unchanged.
“After Monday's selldown, the FBM KLCI could consolidate above the support of 1,515 points,” JF Apex said.