KUALA LUMPUR: Stocks in focus on Monday include Cengild, YNH Property, Hextar Global, Meta Bright, Malakoff, Axis REIT, Seremban Engineering, Kossan, Luxchem, Khee San and Southern Steel, said Apex Securities.
Cengild Medical Bhd said the information technology (IT) system used by its wholly-owned subsidiary Cengild Sdn Bhd was affected by a data breach that may have leaked patient data.
YNH Property Bhd
’s external auditor has issued a qualified opinion on the group’s financial statements for the 18-month period ended June 30, 2023, in relation to its joint venture (JV) and turnkey contracts for property development work.
Hextar Global Bhd said it is acquiring the entire equity interest in Propel Chemicals Sdn Bhd (PCSB) for RM16.5 million cash to further expand its oil and gas (O&G) specialty chemicals portfolio.
Meta Bright Group Bhd has proposed to diversify into the building materials trade through the acquisition of a 70% stake in a ready-mixed concrete manufacturing business in Sabah for RM28.04 million.
Malakoff Corp Bhd has proposed to acquire a 49% stake in a solid waste management company, E-Idaman Sdn Bhd, for RM133.2 million cash.
Axis Real Estate Investment Trust's (Axis REIT) net property income (NPI) for the third quarter ended Sept 30, 2023 increased marginally by 0.67% to RM61.9 million compared with RM61.49 million, on the back of higher property income.
Seremban Engineering Bhd (SEB) has secured a RM161.83 million contract for the construction of two apartment blocks near Genting Highlands.
Kossan Holdings (M) Sdn Bhd, the largest shareholder of Kossan Rubber Industries Bhd, has emerged as the substantial shareholder in Luxchem Corp Bhd, after acquiring 6.09 million shares, or a 0.569% stake.
Practice Note 17 (PN17) company Khee San Bhd has reported that its auditor has expressed doubts about the ability of the loss-making candy and sweets manufacturer to continue its operations as a going concern in its audited financial statements for the financial year ended June 30, 2023 (FY2023).
Southern Steel Bhd said that it is not aware of any agreement that its major shareholder Hong Leong Group whom is a conglomerate helmed by billionaire Tan Sri Quek Leng Chan had entered into that would need to be disclosed to Bursa Malaysia.
