KUALA LUMPUR: Recent corporate developments could increase trading interest in Aeon Credit Service
, FSBM, Country Heights, Bintai Kinden and Pelikan, said Apex Research.
Aeon Credit Service (M) Bhd’s net profit for 4QFY2023 jumped more than four times to RM95.34 million.
Bursa Malaysia has approved FSBM Holdings Bhd’s PN17 proposed regularisation plan.
Country Heights Holdings Bhd (CHHB) has appointed Datuk Mircle Yap Ching Chai as its new managing director.
Bintai Kinden Corp Bhd said it is working towards reaching an amicable solution after the company was sued by MBSB Bank Bhd for allegedly defaulting on a RM109 million Islamic financing facility.
Pelikan International Corp Bhd clarified it had received several "expressions of interest" related to the acquisition of its assets and businesses.
Meanwhile, Apex said the FBM KLCI broked the resistance of 1,431 points and could extend its positive momentum towards the next resistance of 1,450 points.
The US market was flat overnight with the Dow eking out slight gains while the Nasdaq declined as investors anticipate key inflation data of CPI and PPI this week.
Earlier, European stocks advanced after the long Easter weekend.
