KUALA LUMPUR: Stocks to watch for on the first trading day of 2023 include Poh Huat Resources, Crest Builder, MISC and Hextar Healthcare, said Apex Research.
The research house said Poh Huat Resources returned to the black with net profit of RM23.58 million for 4QFY22.
Cypark Resources Bhd
's net profit for 4QFY22 plunged 79% YoY to RM5.4 million.
Crest Builder Holdings Bhd's unit has secured a RM478.89 million contract to build two condominium blocks with a car park podium and retail units in Desa Parkcity, Kuala Lumpur.
The High Court has dismissed an application by MISC Bhd to set aside RM1.45 billion representing parts of an arbitration award against its subsidiary involved in the Gumusut-Kakap semi-floating production system (semi-FPS) project in 2014.
Hextar Healthcare Bhd's largest shareholder Datuk Eddie Ong Choo Meng is leaving his post as a non-independent non-executive director.
Meanwhile, Apex said some profit-taking could take place today with support at 1,460 points following last week's window dressing.
The US market was closed for New Year's Day holiday while European stocks rose following encouraging manufacturing data that showed optimism among factory managers.
