KUALA LUMPUR: Recent corporate announcements are shining the spotlight on Siab, Yong Tai, MAHB, OCR, GIIB, KIP REIT, Computer Forms and Jerasia Capital, said Apex Research.
Siab Holdings Bhd
has accepted a settlement arrangement from Yong Tai Bhd following their mutual agreement to terminate two high-rise property projects with a combined outstanding contract value of RM190.48 million.
Passenger traffic at the 39 airports operated by Malaysia Airports Holdings Bhd (MAHB) more than doubled to 6.66 million in March.
OCR Group Bhd’s units are being sued by their contractor over alleged payment default of RM30.93 million in relation to projects in Kuantan and Petaling Jaya.
GIIB Holdings Bhd is selling a 1.689ha parcel of industrial land in Kota Kinabalu for RM14 million cash.
KIP REIT’s net property income for 3QFY2023 grew 13.3% to RM16.4 million.
Computer Forms (M) Bhd's remaining substantial shareholder, Arena Evolusi Sdn Bhd, has reduced its stake in the group to 4.8% from 5.47%.
Jerasia Capital Bhd shares will be suspended next Tuesday.
Meanwhile, Apex said the FBM KLCI could remain sideways with support at 1,394 points following the flattish performance on Wall Street.
The US market was flat overnight as investors digest mixed corporate earnings announcements.
Earlier, European stocks declined after UK inflation was higher than expected.
