KUALA LUMPUR: Stocks to watch on Tuesday include Rubberex Corp (M) Bhd
, Magni-Tech Industries Bhd, Supercomnet Technologies Bhd, MUHIBBAH ENGINEERING (M) BHD, Techbond Group Bhd and YNH Property Bhd.
Hextar Rubber Sdn Bhd and Hextar Global Bhd executive director Datuk Ong Choo Meng are obliged to extend a mandatory takeover offer to acquire all the remaining 138.21 million Rubberex shares which are not already owned by them for a cash offer price of RM1.80 per share.
Magni-Tech’s net profit rose to RM121.81mil for its FY20, from RM102.63mil in FY19. Revenue jumped to RM1.21bil from RM1.07bil year-on-year, driven by garment revenue which grew 15.2%, mainly due to higher sale orders and a positive forex impact.
Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to Supercomnet, as its share price jumped 36 sen or 29.03% yesterday.
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