, Landmarks, Serba DinamikKUALA LUMPUR: Some stocks that could see investor interest on the back of corporate news flow last week include CTOS Digital, KPJ Healthcare, Landmarks, Serba Dinamik, T7 GLOBAL
, Hong Seng, Lysaght Galvanised Steel and Velesto Energy, said JF Apex Research.The research house said in its daily highlights note that these counters could see share price movement amid a bearish mood on the market following last Friday's decline.
CTOS Digital announced that Bank Negara Malaysia (BNM) has temporarily suspended the Central Credit Reference Information System (CCRIS) services to credit reporting agencies.
US private equity firm TPG Capital and Malaysian state-owned investment company Johor Corp are considering a plan to take KPJ Healthcare private, according to a news report.
Landmarks is selling its entire stakes in five of its subsidiaries to Singapore’s Blumont Group Ltd for a combined S$63.4mil (RM195.1mil), which would be fully satisfied via the issuance of new shares in Blumont.
These companies are involved in operations and/or own lands located in Chill Cove – a 52-hectare waterfront resort city located within Treasure Bay Bintan on the Indonesian island of Bintan.
Serba Dinamik is implementing an internal restructuring exercise which entails the appointment of Dr Mohamed Ackiel Mohamed as deputy CEO.
The restructuring exercise also includes the appointment of a few key management personnel as heads of regions where the global integrated oil and gas (O&G) service provider has a strong presence.
T7 Global said the memorandum of understanding (MoU) it entered into with Japanese's Mitsui E&S Shipbuilding Co Ltd, under which the groups planned to collaborate and explore opportunities for the supply of ships in Vietnam, has been mutually terminated.
Hong Seng announced that it will be acquiring a 51% stake in Covid-19 antibody testing kit distributor RZAC Immunesafe Sdn Bhd for RM20mil.
Lysaght Galvanised Steel said it has received a notice in writing from Ernst & Young PLT (EY) of the latter’s decision to resign effective Sept 29.
Velesto Energy has bagged a US$12.4mil contract from Petronas Carigali Sdn Bhd to provide jack-up drilling rig services to the latter.
For the coming session, JF Apex expects the FBM KLCI to retest its support of 1,520 points after a 13.32 points drop to 1,524.48 in the previous session.
This is despite a sharp rebound in US markets on Friday on the back of news of a new oral treatment for Covid-19, which boosted shares of companies tied to the economic recovery.
European stocks declined on the same day after economic data showed eurozone inlation jumped to a 13-year high.