KUALA LUMPUR: Companies with recent corporate news flow could see their shares more actively traded today, including Pesona Metro, KKB, Favelle Faveco, Minetech, GUH and JAKS Resources, said Apex Research.
The research firm said Pesona Metro Holdings bagged a RM349 million for the construction of two 44-storey luxury condominium buildings in Kuala Lumpur.
KKB Engineering Bhd
has received two contracts worth RM351.7 million, consisting of an engineering, procurement and construction (EPC) contract and a steel pipe purchase order.
Favelle Favco Bhd’s subsidiaries have secured three purchase orders, totalling RM45.5 million.
Minetech Resources Bhd’s unit has secured a RM36.71 million contract to build a mini-hydro power plant in Besut, Terengganu.
GUH Holdings filed an originating summons at the High Court against a joint venture (JV) of JAKS Resources Bhd for failing to pay GUH RM11.67 million in outstanding sum owed.
Meanwhile, Apex said the FBM KLCI could remain buoyed and restest the resistance.
The US market rose overnight as investors are confident that the upcoming CPI data will show slower inflation and prompt the Federal Reserve to scale back its rate hikes.
Similarly, European stocks advanced ahead of the US December CPI.
