KUALA LUMPUR: Stocks to look at for on Tuesday embody AirAsia
Group, Supermax, Yinson, Hap Seng Consolidated, Opcom, Advancecon and Pantech, says JF Apex Research.
AirAsia Group has proposed to alter its title to Capital A Bhd, topic to shareholders’ approval at a basic assembly to be convened at a date to be introduced later.
Supermax, which has been prohibited from exporting items to the US following allegations of compelled labour, has rolled out a brand new and complete overseas employee administration coverage together with adopting an equal pay and profit construction for overseas employees in Malaysia after the US import ban.
Along with the implementation of those new insurance policies, Supermax identified that it has proactively raised its minimal wage to RM1,400 to be utilized throughout all classes.
Yinson has obtained a six-month extension for the bareboat constitution contract for its FPSO PTSC Lam Son.
The worth of the contract extension is estimated at US$9 million (RM37.5mil).
Hap Seng Consolidated is shopping for a parcel of vacant industrial land in Jalan Duta right here for RM868.8 million to construct a blended growth with an estimated gross growth worth of RM8.7bil.
Opcom has accepted a two-year contract from Celcom Networks Sdn Bhd price as much as RM25.97mil.
The job includes the survey, development and implementation of civil infrastructure, fibre optic cabling system and associated works of fibre optic infrastructure.
Advancecon mentioned its 30%-owned affiliate, Advancecon Sarawak Sdn Bhd, has secured a RM32.38mil contract to undertake earthwork and website clearing on the Salak Land District in Kuching; Pantech has acquired a steel precision machining, engineering and turnkey options firm that serves the oil and gasoline and different industries.
The acquisition of Unity Precision Engineering Sdn Bhd for RM13mil will contribute in direction of Pantech changing into a excessive value-added manufacturing group.
Meanwhile, JF Apex mentioned the FBM KLCI may consolidate beneath the resistance of 1,600 factors following its 18.48-point decline yesterday to 1,549.05 poiints as traders took revenue after final week’s window-dressing.
Overnight, the US market rose with the Dow and S&P500 hitting report highs attributable to optimism over world financial progress and earnings momentum amid issues over the Omicron variant.
