Trading ideas: Itmax, Dayang, Citaglobal, Megafirst and Sunview

KUALA LUMPUR: Companies with recent corporate announcements include Itmax, Dayang, Citaglobal, Megafirst and Sunview, said Apex Research.

ITMax System Bhd's subsidiary bagged a contract entailing the provision of video surveillance services for the Johor Bahru City Council (MBJB) worth RM105.32 million for a 15-year period.

Dayang Enterprise Holdings Bhd’s pan-Malaysia contract from PTTEP Sarawak Oil Ltd and PTTEP Sabah Oil Ltd to provide maintenance, construction and modification has been extended until Dec 31, 2024.

Citaglobal Bhd has entered into a MOU with China government-linked Shanghai SUS Environment Co Ltd (SUS), with a RM15 billion investment commitment from SUS for joint collaboration and development of waste-to-energy (WTE) projects in Malaysia.

Mega First Corp Bhd has teamed up with Lao Green Power Corp Co Ltd and Enemax Trading Ltd to jointly explore new business investment opportunities in Laos.

Sunview Group Bhd has entered into an agreement with UOB Malaysia to provide installation and management services of solar power systems for local businesses and consumers.

Meanwhile, the US stock market was flat overnight ahead of the Federal Reserve’s interest rate decision tomorrow as investors expect rates to be unchanged.

Earlier, European stocks plunged ahead of a series of central bank decisions this week, namely Australia, Switzerland, Japan and China.

On the local market, the FBM KLCI was flat after shedding 1.04 points or 0.07% to 1457.99 points.

"The FBM KLCI may continue to trade sideways and remain below the resistance level of 1,465 points, which has been a barrier for the index since July," said Apex.