KUALA LUMPUR: Stocks that could see increased investor attention include MyEG Services, KAB, PETRONAS Gas, Kobay Technology, Iqzan, Ta Win, Khee San and Cypark Resources, said Apex Research.
MyEG Services Bhd bought back an additional two million shares at 72 sen each and their Philippine unit recorded a three-fold increase in the value of annual transactions.
Kejuruteraan Asastera Bhd has acquired a 10% stake in a unit of Petronas Gas Bhd
(Petgas) which is responsible for a power plant project in Sabah.
Kobay Technology Bhd’s net profit tumbled 37.8% to RM9.03 million in its 2022 2QFY2023.
Iqzan Holdings Bhd said Bursa Malaysia Securities has granted the PN17 company a further extension of four months, up to March 31.
Ta Win Holdings Bhd’s managing director Datuk Seri Ngu Tieng Ung has emerged as Khee San Bhd’s largest substantial shareholder.
Socso has increased its stake in Cypark Resources Bhd from 5.494% to 6.216%.
Meanwhile, Apex said the FBM KLCI could see bargain-hunting activities pick-up and trade and below the resistance of 1,500 points following three straight days of losses.
The US market ended in the red after giving up early intraday gains as investors’ concerns over the Federal Reserve’s future moves on monetary policy offset excitement over the latest batch of corporate earnings.
Earlier, European markets closed higher as the earnings season is about to end and investors weighed the economic outlook and corporate earnings.
