KUALA LUMPUR: Apex Securities expects Skyworld Development Bhd
, Fiamma Holdings Bhd, Sapura Energy Bhd, MN Holdings Bhd, Destini Bhd, Pestech International Bhd, Fitters Diversified Bhd and Iqzan Holding Bhd to be among the stocks to watch today.
SkyWorld’s unit is buying 1.3 acres of land in Ho Chi Minh City, Vietnam.
Fiamma has paid RM109.65mil for an alienation land approval to develop a 1.88-acre land along Jalan Yap Kwan Seng in Kuala Lumpur.
Sapura Energy has secured a six-month extension from creditors.
MN Holdings has secured a RM23.8mil substation engineering contract from Tenaga Nasional Bhd (TNB).
Destini has secured a two-year contract worth RM19.04mil for the procurement and supply of FZ Rocket Motor to the Royal Malaysian Air Force.
Pestech said the High Court has dismissed its unit’s Erinford injunction application filed against Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd (SPYTL).
Fitters Diversified’s acquisition of shares and warrants in Computer Forms (M) Bhd is not reasonable and detrimental to non-interested shareholders, according to its independent advisor.
Iqzan will be suspended on Sept 15 before being delisted on Sept 19.
Overnight, the U.S. market was mixed with the Dow eking our small gains while the S&P and Nasdaq declined following renewed concerns of rate hikes after initial jobless claims came in below expectation. Earlier, European markets dropped following slower China trade data.
The Dow Jones Industrial Average added 57.54 points, or 0.17%, to settle at 34,500.73.
The tech-heavy Nasdaq sold off 0.89% to end at 13,748.83, while the S&P 500 slipped 0.32% to finish at 4,451.14.
“Following last week’s rebound, the FBM KLCI could take a breather and hover below the resistance of 1,465 points which has been capping the index since July,” Apex said.
