KUALA LUMPUR: Petronas Dagangan Bhd
(PetDag), AMMB Holdings Bhd’s (AmBank), United Malacca Bhd, Poh Huat Resources Holdings Bhd, Kim Loong Resources Bhd and NTPM Holdings Bhd to be among the stocks to watch on Wednesday, according to JF Apex Research.
PetDag is disposing of working inventory and deadstock (un-pumpable inventory) in six fuel terminals to Petronas’ wholly-owned unit Petco Trading Labuan Co Ltd (PTLCL) in a related party transaction for RM132.93mil.
AmBank has received approval from the Minister of Finance (MoF) for the sale of its 100% stake in AmGeneral Insurance Bhd (AGIB) to Liberty Insurance Bhd (LIB) for RM2.29bil in cash and a 30% stake in LIB.
United Malacca’s 4QFY22 net profit dropped 38.1% quarter-on-quarter to RM18.72mil.
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