KUALA LUMPUR: Stocks that will be in focus on Thursday include YTL Power International
, Sapura Energy, Comintel, Dutch Lady, TA Global, Pecca, QES and TDM, said JF Apex Research.
YTL Power International Bhd has completed the purchase of Tuaspring Pte Ltd’s 396MW combined cycle gas turbine power plant in Singapore for RM862.31 million cash.
Sapura Energy Bhd has appointed former Velesto Energy Bhd president Rohaizad Darus and Lim Fu Yen as directors.
Comintel Corp Bhd’s white knight JTC will subscribe to a smaller stake of 56.49% in the company from 72.47% envisioned previously.
Dutch Lady Milk Industries Bhd has warned that more price hikes could be on the horizon for consumers as cost inflation leaps.
TA Global Bhd has received the construction approval for the Sri Damansara Sentral MRT link bridge, Pecca Group Bhd has appointed Foo Ken Nee as its chief executive officer.
QES Group Bhd has proposed a transfer of listing to the Main Market and TDM Bhd is exploring a new development of cash crops, namely chilli.
Meanwhile, JF Apex said the FBM KLCI could remains sideways below the resistance of 1,615 points following the decline on Wall Street.
The US market fell overnight amid ongoing inflation concerns, higher PMI and lower job openings.
Similarly, European stocks dropped after lower PMI from Europe and the UK.
