KUALA LUMPUR: Stocks that could be in focus on Monday include Maxis, Texchem, PIE Industrial, Hextar Gobal, Sarawak Oil Palm, MSC, FIMA, SEGi, Borneo Oil and Suria Capital, said Apex Research.
Maxis Bhd’s 1Q23 net profit grew 7.4% to RM320 million.
Texchem Resources Bhd fell into the red with a net loss of RM242,000 in 1Q23.
PIE Industrial Bhd’s 1Q23 net profit dropped 26.7% to RM14 million.
Hextar Global Bhd’s 1Q23 net profit dropped 44.85% to RM8.63 million.
Sarawak Oil Palms Bhd’s 1Q23 net profit plunged 77.35% in 1QFY2023 to RM44.17 million.
Malaysia Smelting Corporation Bhd’s 1Q23 net profit 45% dropped to RM35.4 million.
Kumpulan Fima Bhd’s 1Q23 net profit declined 38.4% to RM63.22 million.
SEG International Bhd’s 1Q23 net profit fell 46.9% to RM4.6 million.
Borneo Oil Bhd (BOB) is acquiring a 22% stake, or 27.74 million shares, in Sabah-based clinker and cement products manufacturer Makin Teguh Sdn Bhd (MTSB) for RM40 million cash.
Suria Capital Holdings Bhd’s 1Q23 net profit declined 23.5% to RM10.63 million.
Meanwhile, Apex said the FBM KLCI could trend sideways below its resistance of 1,431 points following the negative performance on Wall Street.
The US market declined on Friday after negotiators halted ongoing debt ceiling talks.
Earlier, European markets climbed due to optimism in the US’ debt ceiling negotiations.