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KUALA LUMPUR: Stocks to watch on Tuesday include Leong Hup International Bhd, Jiankun International Bhd, TRC Synergy Bhd, ILB Group Bhd, Malaysian Resources Corp Bhd (MRCB), Capital A Bhd and Sunview Group Bhd.
Leong Hup International has reiterated its stand that its wholly owned subsidiary Leong Hup Feedmill Malaysia Sdn Bhd (LFM) was not involved in price-fixing practices involving poultry feed as part of a “chicken feed cartel”, as alleged by the Malaysia Competition Commission (MyCC).
Jiankun is acquiring 99.99% equity interest in Penang-based Oriental Link Properties (M) Sdn Bhd (OLPSB) from the privately held property development company’s two directors Lee Khoon Eng and Lee Phaik Choo for RM9.5mil.
TRC Synergy has secured a RM23.8mil contract from the Department of Irrigation and Drainage (DID) to design and build a flood mitigation dam in Gombak, Selangor.
A month after a fertiliser group became a substantial shareholder of ILB Group, Vestland Bhd managing director Datuk Liew Foo Heen has also emerged as a substantial shareholder of the rooftop solar power system provider.
MRCB has proposed to acquire the rights to carry out the development of an office tower in the PJ Sentral commercial development from the Selangor State Development Corp (PKNS), for RM270mil.
Capital A is requesting another extension to submit its regularisation plan, originally due on Dec 31, 2023, now aiming for June 30, 2024.
Sunview said its unit is buying Mestron Holdings Bhd’s 10% stake in Winstar Aluminium Manufacturing Sdn Bhd, raising the group’s interest in the aluminium firm to 30%.
Meanwhile, Apex Securities expects window dressing activities to take place, particularly among blue chip stocks.
“The lower liners, however, may consolidate with trading activities likely to simmer with trading activities to remain thin on a holiday-shortened trading week.
“Healthcare sector may also see improved trading interest following the resurgence of Covid-19 cases. Also, we reckon the resurgence in gold prices may present some trading opportunities within gold-related stocks,” it said.
