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KUALA LUMPUR: Sunway Bhd, Pertama Digital Bhd, Malton Bhd, KNM Group Bhd, Aeon Co (M) Bhd, G Capital Bhd, Jentayu Sustainables Bhd and Johor Plantations Group Bhd are among the stocks to watch today.
Sunway has sealed a deal worth more than RM380mil, with Equalbase Pte Ltd acquiring two parcels of land spanning 64 acres in Sunway City Iskandar Puteri (SCIP), Johor, for the development of data centres.
Pertama Digital’s subsidiary, Dapat Vista (M) Sdn Bhd has secured a four-month contract from My Digital ID Sdn Bhd to provide digital identification (ID) onboarding registration services.
Malton is acquiring four parcels of Genting land from Sering Manis Sdn Bhd, a 51%-owned subsidiary of Global Oriental Bhd, in Bentong, Pahang for RM65mil.
KNM is considering fresh options to sell its Italian subsidiary, FBM Hudson Italiana SpA (FBMHI), following a third failed attempt.
Department store and mall operator Aeon is planning to raise up to RM2bil via two separate sukuk programmes that it is setting up, to fund its capital expenditure, working capital, investments and refinance existing debts.
G Capital has decided to scrap its planned rights issue of redeemable convertible unsecured loan stocks due to unfavourable market conditions.
Shares of Jentayu Sustainables plunged to their lowest in nearly six months on Tuesday’s morning trade, prompting Bursa Securities to suspend the counter’s intraday short selling (IDSS).
Johor Plantations’ net profit for the first quarter ended March 31, 2024 (1QFY2024) more than doubled to RM49.97mil from RM23.4mil a year earlier. Revenue for the quarter rose to RM294.91mil against RM251.98mil previously.
Overnight, the Dow Jones Industrial Average rose 0.41% to close at 39,331.85, the S&P 500 gained 0.62% to 5,509.01 and the Nasdaq Composite gained 0.84% to 18,028.76.
Apex Securities said the FBM KLCI may attempt to re-claim the 1,600 pts, taking a cue from the positive developments on Wall Street overnight.
It noted that the lower liners are enjoying a better run, taking advantage onto the improved market sentiment.
Economic-wise, investors will be keeping a close tab on the release of services and composite data across major economies alongside the FOMC minutes later tonight to gather hints over the timing of the interest rate cut.
“We continue to favour the technology sector which might mirror the overnight positive performance on Nasdaq that surpassed the 18,000 pts. The plantation sector may come into the spotlight with CPO prices for five consecutive sessions and settled above RM4,000 per tonne,” it said.
