KUALA LUMPUR: Stocks to watch on Tuesday include Apex Healthcare Bhd
, Eco World International Bhd, Teladan Setia Group Bhd, Dufu Technology Corp Bhd, Tex Cycle Technology (M) Bhd and AirAsia X Bhd, according to Apex Securities.
Apex Healthcare’s 40%-owned has proposed to sell its entire interest in Straits Apex Sdn Bhd (SA) for RM1.06bil.
Eco World International is proposing to reduce its share capital by RM1.5bil to eliminate its accumulated losses.
Teladan Setia is eyeing a move to the Main Market of Bursa Malaysia.
Dufu Technology’s net profit dropped 40.59% to RM10.88mil for 1QFY23.
Tex Cycle’s largest shareholder, Can Cycle Sdn Bhd, has disposed of its entire 31.57% stake.
Tropicana to issue new shares to founder-cum-vice-chairman to settle RM180mil debt.
AirAsia X carried 49% quarter-on-quarter more passengers in 1Q2023.
DXN eyes RM3.8 bil market cap upon its listing on the Main Market.
Meanwhile, the US market ended slightly lower after Treasury Secretary Janet Yellen warned that the US may hit its debt ceiling by June 1.
The Dow Jones Industrial Average fell 46.46 points, or 0.14%, to 34,051.7; the S&P 500 lost 1.61 points, or 0.04%, at 4,167.87; and the Nasdaq Composite dropped 13.99 points, or 0.11%, to 12,212.60.
European markets were closed for May Day holiday. Investors will be looking forward to the Federal Reserve’s two-day policy meeting later today.
“Following the flattish performance in Wall Street, the FBM KLCI could remain sideways above the support of 1,393 points,” Apex said.
