BeritaKini.biz Berita Viral Terkini di Malaysia
KUALA LUMPUR: Stocks in focus on Monday include Top Glove, Kossan Rubber, MAHB, UMW, Nova MSC, Waja Konsortium and Jetson, said Apex Research.
Top Glove Corp Bhd, which posted its first-ever annual loss of RM926.64 million in the financial year ended Aug 31, 2023 (FY2023), is expecting to turn around its business in the next six to 12 months.
Kossan Rubber Industries Bhd’s founding Lim family appeared to have sold some of their direct shareholdings in the listed entity to one of the glove-making group’s executive director Tan Kong Chang.
Malaysia Airports Holdings Bhd (MAHB) announced that its managing director (MD) and group chief executive officer (group CEO) Datuk Seri Iskandar Mizal Mahmood will be stepping down from his role upon expiration of his two-year contract on Oct 24.
UMW Holdings Bhd is disposing of a 26% stake in an industrial equipment (IE) arm to Toyota Industries Corp (TICO) for RM260 million, as part of an agreement to collaborate in the IE business in Malaysia, Singapore, Vietnam and China.
NOVA MSC Bhd plans to undertake a private placement exercise of 10% of its share base to raise up to RM23.81 million for its working capital as well as for its web-based platform Vesalius, which helps healthcare groups implement a centralised system across multiple hospitals, to develop a healthcare solution.
Waja Konsortium Bhd has proposed to undertake a private placement of up to 30% of its issued shares to raise up to RM31.67 million, mainly to fund its construction business and working capital requirement.
Kumpulan Jetson Bhd announced a slew of boardroom changes, including the appointment of Datuk Tengku Ibrahim Farihaddin Datuk Tengku Feissal, the treasurer of Koperasi Kerabat D’Raja Kelantan Al-Muhammadi Bhd, as its independent and non-executive chairman with immediate effect, on the resignation of the group’s executive chairman Datuk Teh Kian An, 75, due to health issues.
On Friday, Wall Street advanced after US treasuries yields retreated, while unemployment rate held steady at 3.8% in September 2023.
Elsewhere, European stock markets advanced, while Asia markets ended broadly positive.
The FBM KLCI (+0.1%) was nudged marginally higher, on the back of bargain hunting activities. The lower liners also advanced with the FBM Small Cap inching above 16,000 level, while the Construction sector (+0.9%) outperformed.
“With the key index attempting to find stability and the calmer market condition on Wall Street, we expect further recovery to take charge.
“The lower liners are expected to notch higher with investors bargain hunting recent beaten down stocks with a focus towards the construction sector ahead of the tabling of Budget 2024 later this week,” said Apex.
