Trading ideas: Alliance Bank Malaysia, UWC, Taliworks Group, Southern Steel, Jayacorp


KUALA LUMPUR: Stocks to observe for on Monday embrace Alliance Bank Malaysia, UWC, Taliworks Group, Southern Steel and Jayacorp, stated JF Apex Research in a report.

Alliance Bank Malaysia Bhd is disposing of its stockbroking enterprise to stockbroking agency Phillip Futures Sdn Bhd.

UWC Bhd registered a internet revenue of RM23.04mil for its first quarter ended Oct 31, 2021.

Taliworks Corp Bhd has bagged an RM293.86mil contract from Pengurusan Air Selangor Sdn Bhd.

Southern Steel Bhd is disposing of two parcels of land in Sungai Tiram, Johor for RM65mil money to repay the group’s borrowings.

Jayacorp Bhd stated it’s implementing a seven-day closure of operation at its Air Tawar manufacturing unit in Merlimau, Melaka after 47 workers have been examined optimistic for Covid-19.

Meanwhile, the FBM KLCI is anticipated to stay lacklustre with assist at 1,480 factors.

This is following the US’s unfavorable efficiency on Friday over the Covid Omicron variant and November’s nonfarm payroll coming beneath expectation.

European shares have been additionally unfavorable on account of uncertainty over the Omicron variant.

Source link