KUALA LUMPUR: Genting Malaysia Bhd
, Capital A Bhd, AirAsia X Bhd (AAX), Critical Holdings Bhd, Exsim Hospitality Bhd and Fajarbaru Builder Group Bhd are among the stocks to watch on Tuesday.
Genting Malaysia’s US-incorporated subsidiary is being sued RM2.6bil (US$600mil) for alleged fraud by its joint venture (JV) partner.
Capital A has obtained approval from its shareholders for the proposed disposal of the group’s aviation business to AAX during its extraordinary general meeting.
Critical Holdings has secured a contract worth RM62.5mil from IJM Corp Bhd to undertake the supply, delivery and installation, testing, commissioning and maintenance of mechanical and electrical services, for a new semiconductor plant at the Batu Kawan Bandar Cassia Technology Park, Prai, Penang.
Exsim Hospitality, formerly Pan Malaysia Holdings Bhd has secured a RM47.4mil subcontract to provide interior design fit-out works to guest rooms at an office property in Damansara Perdana.
Fajarbaru will pay Penang Development Corp (PDC) RM111.45mil to undertake a joint development of a medical city and mixed development hub in Bandar Cassia, Batu Kawan.
Overnight, the S&P 500 gained 0.77%, to 5,859.85 points, while the Nasdaq Composite climbed 0.87% to 18,502.69. The Dow Jones Industrial Average rose 201.36 points, or 0.47%, to 43,065.22.
Apex Securities expects a potential recovery at the FBM KLCI today, taking cues from positive developments on Wall Street on Monday, as we approach the tabling of Budget 2025.
The research house added that the lower liners may remain in consolidation mode amid the absence of fresh leads, with trading activities simmering.
It added that investors will continue to keep an eye on US performance this week, with the release of key economic data serving as a core indicator of interest rate movements determined by the Fed.
The Middle East tension continues to escalate, keeping traders on edge. The ongoing corporate earnings releases in the US will be in focus.
“We expect the consumer sector to be buoyed by the potential deferment of RON95 subsidy rationalisation,” Apex said.
