KUALA LUMPUR: Investors may very well be eyeing Datasonic, Asia Poly
, Bintai Kinden, CTOS, British American Tobacco, Carlsberg, Hibiscus Petroleum, Kobay Technology and Kossan, mentioned JF Apex Research.
Datasonic has bagged an RM50.12mil contract to provide the National Registration Department with MyKad, MyTentera and MyPOCA uncooked playing cards and consumables.
Asia Poly mentioned it had spent 5.2% or RM7.52mil of its web property to amass 51.1 million shares or a 1.5% fairness curiosity in Ta Win Holdings Bhd, bringing the previous’s stake to 191 million shares or 5.59% of the latter’s whole issued shares.
The firm mentioned that it had acquired Ta Win shares for the aim of funding.
Bintai Kinden has emerged as a considerable shareholder in Malaysian Genomics Resource Centre Bhd with a 5.03% stake, after buying 6.25 million shares.
CTOS plans to lift RM270 million through a personal placement of as much as 166.67 million new shares at an indicative RM1.62 every to fund its acquisition of Juris Technologies Sdn Bhd and Business Online Public Co Ltd in addition to different investments to additional develop its enterprise.
British American Tobacco will probably be within the limelight following a brand new regulation will probably be launched to ban smoking and possession of tobacco merchandise, together with vape, for the technology born after 2005.
Carlsberg noticed its 4Q21 web revenue rise 88.21% yoy underpinned by increased revenue contributions from its operations in Malaysia.
Hibiscus Petroleum’s 2QFY22 web revenue quadrupled to RM48.49 million, on the again of improved operational efficiency and increased crude oil costs.
Kobay Technology’s 2QFY22 web revenue greater than doubled to RM14.52 million from RM5.95mil a 12 months prior, on the again of its manufacturing section’s sturdy efficiency.
Kossan has reported a 60% yoy plunge in its 4Q21’s web revenue on decrease gross sales and normalisation of the typical promoting worth (ASP) throughout its glove.
Meanwhile, JF Apex expects profit-taking on Bursa Malaysia to kick in with the FBM KLCI retreat to 1,570 factors following a bearish efficiency on Wall Street.
The US market plunged in a single day amid ongoing geopolitical pressure between Russia and Ukraine in addition to considerations over the Federal Reserve’s upcoming price hikes.
Similarly, European shares tumbled over considerations of Russia invading Ukraine and a slew of company earnings.
