KUALA LUMPUR: Vestland Bhd
, KNM Group Bhd, MI Technovation Bhd, Southern Steel Bhd, Sentral REIT, Westports Holdings Bhd and Samaiden Group Bhd are among the stocks to watch today.
Vestland has secured a RM240mil contract to undertake the main building works, mechanical and electrical and external works for two blocks of council homes in Taman Desa, Kuala Lumpur.
The Italian government has rejected the proposed disposal by KNM's wholly-owned subsidiary KNM Europa BV of its entire stake in FBM Hudson Italiana SpA.
KNM said the buyer, the United Arab Emirates' Petro MAT FZCO, had failed to obtain the Golden Power clearance from the Italian government.
Mi Technovation saw its net profit in the third quarter ended Sept 30, 2023 decline by 30.09% to RM14.16mil.
Southern Steel’s net loss narrowed by 38.5% to RM39.59mil for its first financial quarter ended Sept 30, 2023.
Sentral REIT’s net property income (NPI) rose 6.05% to RM30.12mil in the third quarter ended on Sept 30, 2023.
Westports saw its net profit increase by 29.66% in the third quarter ended Sept 30, 2023 to RM195mil.
Samaiden has been awarded by the Energy Commission with an individual export capacity of 13.42 megawatts (MWac) under the Corporate Green Power Programme (CGPP).
Overnight, Wall Street faltered following the hawkish tone delivered by US Federal Reserve President Jerome Powell over the central bank's lack of confidence in their efforts to combat inflation.
The Dow Jones Industrial Average fell 0.65% to 33,891.94, the S&P 500 lost 0.81 % to 4,347.35 and the Nasdaq Composite lost 0.94% to 13,521.45.
Apex Securities reckoned weakness on Wall Street may permeate towards the local stock market today.
It said investors may turn to the sidelines ahead of the extended weekend Deepavali festive break.
“Key economic data to be monitored include the University of Michigan (UoM) release of preliminary Consumer Sentiment Index for November 2023, along with the 5-year Consumer Inflation Expectations. We expect the technology sector to edge lower, taking cue from the weakness on Nasdaq,” it said.
