KUALA LUMPUR: Stocks that might be the main focus of buyers on Wednesday embody IHH Healthcare, Supermax, Unisem, United Malacca Plantations, Wah Seong and Kejuruteraan Asastera, mentioned JF Apex Research.
IHH Healthcare has submitted a confidential, conditional, non-binding and indicative proposal to accumulate 100% of Ramsay Sime Darby Health Care Sdn Bhd for RM5.67bil.
Supermax mentioned manufacturing of its first ever manufacturing plant within the US is now anticipated to start someday within the second quarter of 2023, as an alternative of the fourth quarter of 2022 as indicated earlier.
Unisem held a groundbreaking ceremony to commemorate the beginning of building of its new semiconductor manufacturing facility on a chunk of business land in Gopeng, Perak.
Unisem mentioned Phase 1 of the brand new Gopeng Plant with an combination constructed up space of about 57,000 sq m with cleanroom services, is predicted to be accomplished in April 2023 at an approximate price of RM300mil.
United Malacca’s web revenue within the third quarter ended Jan 31, 2022 virtually doubled to RM30.24mil in comparison with RM13.73mil in the identical interval final 12 months, on the again of upper crude palm oil costs.
Wah Seong is promoting its remaining 30% stake in pipe manufacturing unit Spirolite (M) Sdn Bhd to Lesso Malaysia Holdings Sdn Bhd for RM30.8mil, money, as a part of its plan to divest non-core companies throughout the group to streamline its operations and assets.
Kejuruteraan Asastera has inked 5 Rooftop Solar Power Generating System Construction and Power Purchase Agreements price RM46.8mil with an estimated combination capability of 4,284 kilowatt-peak (kWp) in Thailand.
Meanwhile, JF Apex mentioned the FBM KLCI might climb in the direction of the resistance of 1,620 factors following the constructive efficiency on Wall Street.
The US market continued to rise after the Federal Reserve chairman’s touch upon inflation and rate of interest hikes.
Similarly, European shares superior with banks main the beneficial properties following potential fee hikes.
