KUALA LUMPUR: Stocks in focus on Monday include Revenue Group, Berjaya Corp
, Comintel, Pan Malaysia, Yong Tai and CSH Alliance, said Apex Research.
Revenue Group Bhd's suspended executive director Dino Ng Shih Fang has continued to sell down warrants, leaving him with only 1.75% or 2.74 million of the total warrants issued in the company.
Berjaya Corp Bhd (BCorp) chairman Tan Sri Vincent Tan Chee Yioun has divested 40 million shares or a 0.7% stake in the group to his son-in-law and Naza Group deputy group executive chairman SM Faliq SM Nasimuddin for RM10 million or 25 sen per share.
Comintel Corporation Bhd’s shareholders have rejected JT Conglomerate Sdn Bhd’s mandatory takeover offer to acquire the remaining 166.44 million Comintel shares (43.51% stake) worth 15 sen per share.
Pan Malaysia Holdings Bhd is selling its entire stake in PM Securities Sdn Bhd.
PCB Asset Management Sdn Bhd and Miranex Sdn Bhd for RM90 million, Yong Tai Bhd’is buying a piece of leasehold land measuring 57,171 square meters in Melaka for RM41.69 million.
CSH Alliance Bhd has obtained the manufacturing licence for the assembly of commercial electric vans.
Meanwhile, Apex said the FBM KLCI could rise towards its resistance of 1,500 points following the bullish performance on Wall Street.
The US market rallied on Friday after economic reports of better-than-expected non-farm payroll and slower services industry signals that the Federal Reserve's rate hikes are working well to slow the economy.
Similarly, European stocks surged after slower European inflation data.
