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GRAB, the ride-hailing firm that started its business in Malaysia nine years ago, announced a plan on Tuesday to list on Nasdaq in New York. The US$40bil deal involved a merger with special purpose acquisition company Altimeter Growth Corp.
KUALA LUMPUR: Stocks that may see price movement on Tuesday include Lion Industries, Bintai Kinden, Reservoir Link Energy, Komarkcorp, Comfort Gloves, Luster Industries, Gets Global and GDB, says JF Apex Research.
KUALA LUMPUR: Comfort Gloves Bhd has proposed to issue free warrants to its shareholders. The warrants, convertible into new shares, would enable the glove maker to raise as much as RM452.7mil for capital expenditure.
KUALA LUMPUR: Trading interest in the local telco sector single-handedly drove the FBM KLCI higher in the morning session, despite profit-taking in other sectors.
KUALA LUMPUR: The FBM KLCI extended its over lead over the 1,600 psychological level in early morning trade as foreign buying support return to the market.
KUALA LUMPUR: The overall sentiment on Bursa Malaysia remained weak following a negative performance on Wall Street overnight and as shares in Top Glove continues to drag following the recent seizures by US Customs.
KUALA LUMPUR: Stocks to watch on Tuesday include Ekovest Bhd, GHL Systems Bhd, Comfort Gloves Bhd, Airasia Group Bhd, MMC Corp Bhd, Lay Hong Bhd and Pharmaniaga Bhd, according to JF Apex Research.
The prospects for Comfort Gloves Bhd are positive, supported by growing demand for gloves, particularly from developing countries, according to RHB Research
KUALA LUMPUR: Comfort Gloves Bhd’s shares rose in early trade Tuesday after posting highest-ever quarterly net profit in the fourth quarter ended Jan 31, 2021.
KUALA LUMPUR: Stocks to watch on Tuesday include BCM Alliance Bhd, Kelington Group Bhd, Cypark Resources Bhd, Xin Hwa Holdings Bhd, Axis Real Estate Investment Trust, Techfast Holdings Bhd and FGV Holdings Bhd, according to JF Apex Research.