, Uzma, Affin Bank, Axiata, Tasco, Pavilion REIT, LKL International, Parlo and Westports, says JF Apex Research.Eita Resources has secured two contracts worth a total of RM58.35mil for substation extension and reinforcement of supply at Mambong and Entinggan substations in Sarawak.
Uzma has been awarded an RM30mil contract from EnQuest Petroleum Production Malaysia Ltd.
Affin Bank will be selling its asset management arm, Affin Hwang Asset Management Bhd, to private equity fund CVC Capital Partners for over RM2bil, according to a business news portal.
Axiata will be acquiring a 66.03% stake in Indonesia’s PT Link Net Tbk for a total cash consideration of 8.72 trillion rupiah (about RM2.55bil).
Tasco saw its 3QFY22 net profit fall by 24% yoy no thanks to non-operating expenses, despite a 87% jump in quarterly revenue.
Pavilion REIT saw its 4QFY21 net property income rise 20.78% yoy on lower operating expenses.
LKL International said its wholly-owned unit LKL Advance Metaltech Sdn Bhd is buying 60.2 million shares, representing a 13.78% stake, in travel management company Parlo at the price of 22 sen each, for a total cash consideration of RM13.24mil.
Westports’ 4QFY21 net profit rose 36% yoy due to higher container revenue and progressive insurance reimbursement for the vessel incident which damaged two ship-to-shore cranes and a berthing container vessel in 2019.
Meanwhile, the FBM KLCI is expected to consolidate above the support level of 1,500 points after it ended flat on Thursday, adding just 0.23 points to 1,515.99.
The US market ended lower overnight with the expectation of a rate hike as early as March.
European stocks meanwhile closed higher after a choppy trading session as global market reacted to the latest US Federal Reserve decision.