KUALA LUMPUR: Shares that might entice investor curiosity on Tuesday embrace Ta Win, Gromutual, Greatech and Cycle & Carriage Bintang, says JF Apex Analysis.
Ta Win introduced that it secured a RM2.5bil contract from South Korea’s POSCO Worldwide Corp to produce copper rods and wires in addition to different copper-related merchandise.
The contract lasts for 3 years and Ta Win is anticipated to produce about 65,000 tonnes of the merchandise for the entire three years, beginning with 10,000 tonnes within the first yr.
Gromutual is planning to accumulate a 9.79-acre piece of land in Johor to additional broaden its enterprise within the improvement of ready-built industrial services (RBF) on the market or lease to the availability chain of multinational corporations working in Senai Airport Metropolis’s Free and Non-Free Zone for RM21.33mil.
Greatech reported a 24.75% improve in its 3QFY21 web revenue as a result of elevated international alternate acquire and decrease administrative and advertising expense.
This improve was additionally attributed to greater income recognised in manufacturing line programs and single automated gear which was contributed principally by the electrical automobile vitality storage trade.
Cycle & Carriage Bintang noticed its 3Q outcomes tumble 70.77% yoy as gross sales volumes had been hit by the Motion Management Order (MCO) 3.0 restrictions and supply-related challenges.
On the day’s market outlook, JF Apex mentioned the FBM KLC might consolidate aove the assist of 1,510 factors.
This comes after the blue-chip index plunged 31.29 factors or 2.01% to 1,530.92 factors yesterday amid negativity over the govenrment’s proposed Cukai Makmur initiative.
The US market ended slighty greater in a single day with the Dow Jones, S&P500 and Nasdaq inching to report highs because the bullish momentum continues forward of the eral Reserve coverage assembly on Wednesday.
