KUALA LUMPUR: Fraser & Neave Holdings Bhd
(F&N), Sunway Bhd, Ge-Shen Corp Bhd, Lingkaran Trans Kota Holdings Bhd (Litrak) and AWC Bhd and Kumpulan Kitacon Bhd are among the stocks to watch on Friday, according to Apex Securities.
F&N 3QFY23 net profit increased 1.9% to RM99.37mil.
Sunway’s property arm, Sunway Property, acquired a 245-acre land in Kuang, Rawang for RM115mil.
Ge-Shen is buying a controlling 60% equity interest in Kedah-based Kibaru Manufacturing Sdn Bhd (KMSB) for RM16.8mil cash.
Litrak shares on the Main Market will be suspended with effect from Aug 9.
AWC secures RM10mil sub-contract works from Crest Builder unit.
Kumpulan Kitacon bags RM62mil contract from KL Kepong to build cluster houses.
Overnight, the U.S. market declined overnight amid corporate earnings season. Earlier, European markets dropped after the Bank of England raised interest rates.
The S&P 500 fell 0.25% to finish at 4,501.89, while the Dow Jones Industrial Average lost 66.63 points, or 0.19% to end at 35,215.89. The Nasdaq Composite inched down 0.1% to 13,959.72.
“Following the recent pullback, the FBM KLCI could take a breather and consolidate between the support of 1,410 points and the resistance of 1,460 points,” Apex said.
