KUALA LUMPUR: Stocks with recent corporate new flow that could come into focus on Wednesday include Betamek, Dagang Nexchange
, MyEG, Cuscapi, SCIB, Samaiden, MY DIY and Hup Seng, said Apex Research.
Betamek Bhd has secured contracts worth RM123.5 million to supply various electronics parts for a new Perodua model.
Dagang NeXchange Bhd’s largest shareholder Arcadia Acres Sdn Bhd has ceased to be a substantial shareholder in Theta Edge Bhd after selling its entire 16.53% stake.
MyEG Services Bhd’s largest single shareholder has an 8.811% stake in Cuscapi Bhd via a direct business transaction.
Sarawak Consolidated Industries Bhd (SCIB) has terminated a proposed engineering, procurement, construction and commissioning (EPCC) project worth RM55.59 million in Indonesia.
Samaiden Group Bhd has received two notices of arbitration from Ditrolic Sdn Bhd concerning claims for two work packages worth a combined RM12.21 million.
MR DIY Group (M) Bhd reported a marginal increase in net profit to RM136.08 million for 4Q22.
Hup Seng Industries Bhd’s net profit for 4Q22 rose 28.08% YoY to RM12.44 million.
Meanwhile, Apex aid the FBM KLCI could take a breather below the resistance of 1,500 points following the mixed performance on Wall Street.
The US market ended mixed with the Dow and S&P falling while the Nasdaq climbed after January CPI data was slightly higher than expected.
Earlier, European stocks rose after US inflation came in slightly above estimates.
