KUALA LUMPUR: Guocoland, Symphony Life, Kanger and Handal Energy are among the stocks to watch on Wednesday following their corporate news, JF Apex Research said.
GuocoLand’s unit GLM Real Estate Holdings Sdn Bhd has received a notice of assessment for 2016 of RM82.6mil, comprising income tax of RM56.3mil and a penalty of RM26.3mil.
As for Symphony Life, it is planning to sell six parcels of industrial development land in Ulu Langat, Selangor to Perdana Park City Sdn Bhd for RM250mil. The disposal of the parcels is expected to result in a gain after tax of RM74.24mil for the group.
Kanger International has proposed to place out up to 386.97 million shares or 20% of its issued shares to raise RM68.88mil to third party investors.
...