As Malaysia transitions to the endemic phase of Covid-19, signs of economic recovery and growth have been apparent. According to the Knight Frank 1H2022 Real Estate Highlights report, the economy grew 5%, primarily supported by improved domestic and external demand, as well as continued policy support. Malaysia began moving to the endemic phase on April 1 this year, leading to the normalisation of economic activities.
Based on corporate announcements that made news on Friday, stocks in focus on Monday (Oct 3) may include Sarawak Cable Bhd, Cypark Resources Bhd, MISC Bhd, Malaysia Building Society Bhd, Mudajaya Group Bhd, Pestech International Bhd, Encorp Bhd, Ageson Bhd, Barakah Offshore Petroleum Bhd, Lion Industries Corp Bhd and Destini Bhd.
Here is a brief look at some corporate announcements and news flow on Thursday which include Axiata Group Bhd, Hextar Technologies Solutions Bhd, T7 Global Bhd, Fitters Diversified Bhd, Lion Industries Corp Bhd, Lion Posim Bhd, EA Technique (M) Bhd, CTOS Digital Bhd and Pos Malaysia Bhd.
AFTER a strong 2021, thanks to higher selling prices, many steel producers could be looking at compressed margins and a normalisation in selling prices this year.