KUALA LUMPUR: There is a long list of stocks to watch for on Monday following the announcement of corporate earnings and activities in the previous week, according to JF Apex Research.
Hai-O’s net profit grew 41.5% year-on-year to RM10.35 million in its 2QFY21 from RM7.32 million last year, thanks to higher sales from its multi-level marketing division.
NTPM returned to the black in the second quarter ended Oct 30, 2020 with a net profit of RM13.74 million from a net loss of RM1.36 million a year earlier.
Reservoir Link Energy has bagged a contract worth US$11.5 million (RM46.3 million) for the provision of perforation and wash for abandonment and decommissioning of Chinguetti and Banda Fields, offshore Mauritania.
KUALA LUMPUR (Dec 21): The FBM KLCI today marked its third straight day of decline, on the absence of fresh catalysts on the local bourse. It gave up 0.28% or 4.6 points to settle at 1,647.89 on market close.
Across Bursa Malaysia, 8.09 billion securities were traded for RM3.66 billion, compared to 8.06 billion securities worth RM4.4 billion last Friday. Market breadth was negative, with 848 counters ending the day in the red, versus 392 gainers and 437 that were unchanged.
Of the KLCI constituents, losers were led by Nestle (M) Bhd, which fell RM3.5 or 2.5% to close at RM137.4. This was followed by Axiata Group Bhd (down 13 sen or 3.4% to RM3.74), and Hong Leong Financial Group Bhd (down 42 sen or 2.3% to RM18.14).
KUALA LUMPUR (Dec 18): Mi Technovation Bhd today proposed the acquisition of a 99% stake in the Taiwanese firm Accurus Scientific Co Ltd for RM217.01 million.
This follows the group’s signing a memorandum of understanding with Accurus and its shareholders in early October for the purpose of due diligence and negotiations related to its proposed acquisition of all or part of the equity interest in Accurus.
In a filing today, Mi Technovation said the purchase of the 99% stake will be satisfied via the issuance of 74.25 million new shares at RM3.65 per share.
Accurus is involved in the manufacturing of solder spheres which are widely used in advanced packaging such as ball grid array and wafer level packaging in the semiconductor industry. The principal markets for Accurus is Taiwan and China.