KUALA LUMPUR: Stocks to watch on Monday include United Malacca Bhd
, NTPM Holdings Bhd, Sanichi Technology Bhd, Gamuda Bhd, Parlo Bhd, Serba Dinamik Group Bhd and Destini Bhd, according to JF Apex Research.
United Malacca is halting the operations of its 60%-owned Indonesian joint venture PT Wana Rindang Lestari (WRL) in Sulawesi to address environmental issues highlighted by non-government organisations (NGOs).
NTPM's net profit for the first quarter ended July 31, 2020 skyrocketed to RM14.64mil, from RM503,000 a year earlier mainly due to lower raw material costs, such as virgin pulp and waste paper prices, and overhead costs.
Sanichi is raising RM31.91mil to fund its maiden property development in Melaka. It will be placing 524.82 million shares or 30% of its issued share capital to third-party investors.
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