KUALA LUMPUR: IGB Bhd. BERMAZ AUTO BHD
, Pavilion Real Estate Investment Trust (Pavilion REIT), Pantech Group Holdings Bhd and Top Glove Corp Bhd are among the stocks to watch on Friday, according to JF Apex Research.
IGB Bhd announced that its proposed commercial REIT will be established by the end of this year, with the group set to raise up to RM1.23bil through the disposal of 10 properties to the trust.
Meanwhile, the group posted a 64.25% decline in its 1QFY20 net profit as it faced a weak property market while its hotel business was hit by the COVID-19 outbreak.
Bermaz Auto’s 4QFY20 net profit shrank by 96.6% year-on-year on lower vehicle sales in Malaysia and Philippines.
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