Trading ideas: Maxis, Berjaya, Westports, KKNM, Muar Ban Lee and Green Packet

KUALA LUMPUR: Stocks in focus following the Lunar New Year holiday include Maxis, Berjaya, Westports, KKNM, Muar Ban Lee and Green Packet, said Apex Research.

In a note, the research firm said Maxis Bhd will postpone seeking its shareholders' approval on the entry into a 5G AA with Digital Nasional Bhd until the government finalises the 5G implementation policy.

Berjaya Corp Bhd (BCorp) founder and major shareholder Tan Sri Vincent Tan Chee Yioun has pared his stake.

Westports Holdings Bhd’s net profit rose 5.46% to RM235.04 million for the fourth quarter.

KNM Group Bhd has proposed a private placement to raise as much as RM18.38 million.

Muar Ban Lee Group Bhd has proposed to undertake a bonus issue of 113.77 million warrants on the basis of one warrant for every two existing ordinary shares.

Loss-making digital solutions company Green Packet Bhd is selling its entire 100% stake in software development company Xendity Sdn Bhd.

Meanwhile, Apex said it expects the FBM KLCI to take a breather with some profit-taking activities and consolidate below the resistance of 1,500 points.

The US market closed mixed with the Dow up but S&P and Nasdaq down after a raft of mixed earnings and a technical malfunction at the opening bell.

Earlier, European stocks declined even after flash PMI data showed return to growth for the eurozone.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Asia stocks up on high hopes for Nvidia, NZ dollar jumps
CIMB forecasts mid-June kickoff for fuel subsidy rationalisation
New Zealand dollar surges on surprisingly hawkish RBNZ
China's first batch of ultra-long special bonds surge on debut, triggering suspension
Targeted diesel subsidy to strengthen govt fiscal position, improve resource allocation - economist
Banks, mining stocks lift Australian shares higher
Fed officials urge patience on timing of initial rate cut
Ringgit ends lower against the greenback
Feytech makes strong debut on Main Market
KTI Landmark eyes broader horizon post-IPO

Others Also Read