KUALA LUMPUR: Stocks to watch on Monday include Tenaga Nasional Bhd
(TNB), NCT Alliance Bhd, PBA Holdings Bhd, Top Glove Corp Bhd and Sunzen Biotech Bhd
TNB has inked an agreement with Singapore’s Keppel Electric Pte Ltd to supply up to 100MW of electricity to the island state.
NCT has inked a memorandum of understanding to acquire a 51% equity interest in Setara Juara Sdn Bhd as part of plans to expand its property development business.
Top Glove sees increased production opportunities as US tariffs on China-made gloves rise, according to managing director Lim Cheong Guan.
Sunzen is eyeing double-digit revenue growth for its financial year ending June 30, 2025 (FY2025), driven by strong demand for its bird's nest products and loan financing services.
PBA Holdings is undertaking three major pipeline projects in Penang, scheduled for completion in 2025 or 2026 at a total cost of RM189mil.
Meanwhile, Apex Securities expects a pullback in the local bourse during the interim as investors lock in recent gains.
Likewise, it said the lower liners may also brace for some weakness ahead, after enjoying a decent run over recent times.
Investors will be monitoring Malaysia’s inflation data to be released today.
“We reckon some weakness to prevail over the technology sector, mirroring the weakness on Nasdaq overnight. Also, gold-related stocks have turned appealing with gold price inching above US$2,600 per ounce, stem from expectations of further US interest rate cuts and safe-haven inflows from rising tensions in the Middle East,” it said.
