KUALA LUMPUR: Stocks that could see increased investor attention on Thursday include Crest Builder, Cypark Resources, Coastal Contracts
, Revenue, Stella Holdings and Destini, said Apex Research.
Crest Builder Holdings Bhd has been awarded a contract by Sime Darby Property (Bukit Raja) Sdn Bhd worth RM250.2 million to build three condominium blocks with a car park podium in Putra Heights.
Jakel Group has emerged as Cypark Resources Bhd’s single largest shareholder with a 27.33% stake after a private placement exercise.
Coastal Contracts Bhd’s joint venture has secured a price hike for the provision of gas sweetening services in Mexico bumping up the contract value of RM258.7 million by RM113.1 million to the maximum contract value of RM371.8 million.
Revenue Group Bhd has suspended the executive functions of executive directors Brian Ng Shih Chiow and his younger brother Dino Ng Shih Fang with immediate effect, pending an investigation over certain complaints.
Stella Holdings has been awarded a RM41.22 million contract to construct a new in Serendah, Selangor.
The Ministry of Finance has taken over the offshore patrol vessel (OPV) project from Destini after discovering significant problems.
Meanwhile, Apex said the FBM KLCI could remain buoyed above the support of 1,460 points following the gains on Wall Street.
The US market rose overnight despite the Federal Reserve meeting minutes stating its intention to remain aggressive in raising interest rates to combat inflation.
Earlier, European stocks climbed after slower inflation data from France and Germany.
