KUALA LUMPUR: Stocks to look at on Monday following latest company information bulletins embody Axiata, Maxis, Digi, Dialog, Cahya Mata Sarawak, MMHE, Tropicana Corp, Vizione
, Icon Offshore and VS Industry, in response to JF Apex Research.
Axiata, Maxis and Digi mentioned they’ve accepted provides from the Malaysian Communications and Multimedia Commission (MCMC) for spectrum assignments throughout 5 years from July 1, 2022.
Dialog has accepted an engineering, procurement, building, and commissioning (EPCC) contract with an estimated worth of as much as RM724mil for a melamine plant for Petronas Chemicals Fertiliser Kedah Sdn Bhd.
Cahya Mata Sarawak mentioned its wholly-owned subsidiary, CMS Cement Industries Sdn Bhd, will increase its value of cement by a mean of 10% topic to product varieties and location.
MMHE noticed its web loss for the fourth quarter ended Dec 31, 2021, widen yoy to RM107.79mil versus RM8.56mil on increased working losses and decrease income from its heavy engineering and marine segments.
Tropicana Corp has entered into an settlement with PowerChina International Group Ltd to develop a 308-acre built-in leisure hub dubbed Tropicana Paradise in Genting Highlands.
Vizione has bagged sub-contract works price RM130mil from Permata Rebana Sdn Bhd to construct a medical lab at Bandar Enstek, Seremban, Negeri Sembilan.
Icon Offshore has secured a US$9.6mil (RM40.22mil) order from ConocoPhillips Sarawak Ltd and ConocoPhillips Sarawak Oil Ltd (collectively ConocoPhillips Sarawak) to produce a jack-up drilling rig.
VS Industry has appointed PwC Consulting Associates (M) Sdn Bhd to conduct an impartial overview of the group’s migrant employee labour practices.
Meanwhile, JF Apex expects the FBM KLCI to retrace to the help of 1,550 factors as traders take revenue from final week’s rally.
The index might monitor the US market, which plunged final Friday following the political tensions between Russia and Ukraine.
European shares equally declined after higher-than-expected US inflation elevated expectations of rate of interest hikes.
