KUALA LUMPUR: Stocks that could see increased trading on Monday include Kitacon, Hong Seng, Revenue, Teladan Setia, SFP Tech, Econpile, PJBUmo, Southern Cable and Tomei, said Apex Research.
Kumpulan Kitacon Bhd
has won a RM101.5 million contract for construction work pertaining to a residential development in Gombak, Selangor.
Hong Seng Consolidated Bhd is selling a 51% stake in Innov8tif Holdings to Revenue Group for RM36 million with a gain of RM5.15 million.
Teladan Setia Group Bhd’s 1Q23 net profit fell 12.28% to RM8.31 million.
SFP Tech Holdings Bhd's 1Q23 net profit rose 16.47% to RM10.1 million.
Econpile bags RM20.8 million foundation and basement job in Bangsar.
PJBumi was hit with an UMA query after 28% share price surge.
Southern Cable clinches RM90.4 million contract from TNB.
Tomei Consolidated Bhd’s 1Q23 net profit declined 24.75% to RM11.87 million.
Meanwhile, Apex said the FBM KLCI could remains sluggish below the resistance of 1,431 points following the negative performance on Wall Street.
The US market declined on Friday following disappointing consumer sentiment data.
Earlier, European markets climbed after UK GDP was in line with expectations.
