KUALA LUNPUR: Stocks that may see increased investor attention on Wednesday include CSH Alliance, Brahim's Holdings, Scomi Group, LYC Healthcare, GIIB Holdings and Kejuruteraan Asastera, said JF Apex Research.
CSH Alliance Bhd has been appointed as distributor for commercial electric vans for China’s BYD Co Ltd.
Artroniq Bhd
has proposed to acquire the remaining 49% stake in Artroniq Innovation Sdn Bhd (AISB) for RM14.7mil to be paid by issuance of new shares.
Shares of PN17 companies Brahim’s Holdings Bhd and Scomi Group Bhd plunged following concerns of delisting.
LYC Healthcare Bhd has proposed a private placement of up to 10% of its issued shares to raise as much as RM10.3 million to finance its business expansion and working capital.
GIIB Holdings Bhd said the recent suspension of its director Wong Weng Yew was to facilitate an investigation into his management and handling of its glove business and accounts.
Kejuruteraan Asastera Bhd (KAB) has signed a power purchase agreement for a solar photovoltaic (PV) system at Mydin Tunjong Hypermarket in Kelantan.
Meanwhile, JF Apex said the FBM KLCI could decline towards its support of 1,570 following the recent negative performance on Wall Street.
The US market declined for a third straight day after March inflation data came in above expectations, raising expectations of a tighter monetary policy which could slow the economy down.
Similarly, European stocks dropped with banking counters leading the losses after the US CPI hit its highest since 1981.
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