KUALA LUMPUR: There could be an increase in trading activity in stocks with recent corporate news flow including Carlsberg, MQ Technology, CocoaLand, F&N, SKP Resources, Supermax, Boustead, MR DIY and Serba Dinamik, said JF Apex Research.
Carlsberg Brewery Malaysia Bhd will increase the prices of its beer, stout and cider from July 1 due to rising input costs.
MQ Technology Bhd has appointed Datuk Nurul Hidayah Ahmad Zahid — the daughter of UMNO president Datuk Seri Dr Ahmad Zahid Hamidi — as its vice-chairman, Cocoaland Holdings Bhd and its second-largest shareholder Fraser & Neave Holdings Bhd (F&N) will be suspended today pending an announcement.
SKP Resources Bhd said an independent consultant has found out that the company’s practices do not amount to systemic forced labour after it took steps to address allegations of such practices.
Supermax Corporation Bhd has completed refurbishment work to upgrade dormitories to provide better living conditions to workers.
Boustead Holdings Bhd said its unit Boustead Naval Shipyard Sdn Bhd (BNS) and the Ministry of Defence have entered into a supplementary contract to remobilise the RM9bil contract for delivery of six littoral combat ships.
MR DIY Group (M) Bhd’s substantial shareholder Creador has disposed of 86.65 million shares on May 31.
Serba Dinamik Holdings Bhd has entered into a settlement with six lenders with regards to the scheme of arrangement and restraining order.
Meanwhile, JF Apex said the FBM KLCI could stage a rebound with support at 1,530 points following the gains in the US market.
The US market surged overnight ahead of the nonfarm payroll report later today.
European stocks also climbed as investors monitor the European Central Bank for any interest rate hike.