KUALA LUMPUR: Stocks that could come on investors’ radar screen include Seacera, MAHB, S P Setia, MMHE, Sam Engineering, SeGi, Eversendai and Velesto Energy, said Apex Research.
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Seacera Group Bhd will exit from its PN17 status after it was granted a waiver by Bursa from having to submit a regularisation plan.
Malaysia Airports Holdings Bhd has terminated the RM742.95 million contract awarded to Pestech International Bhd to undertake the new aerotrain project at KLIA.
S P Setia Bhd’s 2Q23 net profit declined 46% to RM43.06 million.
Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) fell into the red with a net loss of RM388.7 million in 2Q23.
Sam Engineering & Equipment Bhd’s 1QFY23 net profit fell 12.73% to RM20.53 million.
SEG International Bhd’s (SEGi) 2Q23 net profit tumbled 80% to RM2.39 million.
Eversendai Corp Bhd secured RM188 million worth of projects in Saudi Arabia and India for structural steel works.
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Velesto Energy Bhd’s units were awarded a RM28.3 million job for its jack-up rig.
Meanwhile, the US market declined for a second consecutive day after the Federal Reserve’s July meeting minutes noted that more interest rate hikes could come due to the sticky inflation.
Earlier, European markets ended slightly lower after UK’s CPI was in line with economist expectations.
On the local market, the FBM KLCI gained 3.23 points or 0.22% to 1463.51 points.
“Following the state elections which saw status quo, the FBM KLCI could remain sideways below the resistance of 1,465 points,” said Apex.
– The Star