KUALA LUMPUR: Investors could have an eye trained on the following stocks after recent corporate announcements: AirAsia X , Barakah Offshore, Pentamaster, Genting Malaysia, KNM and Maxis.

       JF Apex Researh said in its daily highlights that these counters could see price movement amid expectations of a soft market with the FBM KLCI declining to test the support of 1,550 points after the windfal tax announcement during Budget 2022 last Friday.

       AirAsia X is now classified as a Practice Note 17 (PN17) company after its external auditor Messrs Ernst & Young PLT (EY) expressed a disclaimer of opinion on its audited financial statements for the 18-month FPE21.

       Barakah Offshore's external auditor Messrs HLB AAC PLT has expressed a qualified opinion in the company’s audited financial statements for its FY21, as well as flagged the existence of material uncertainty related to its ability to continue as a going concern.

       MI Tech’s net profit fell 27.39% yoy no thanks to higher fixed costs arising from the group's expansions in Taiwan, Korea and China, and lower sales revenue generated by its semiconductor equipment business unit (SEBU) pursuant to the capex spending cycle and the purchasing timing of its customers, and a less favourable product mix.

       Pentamaster's 3QFY21 net profit surged 29.47% yoy, helped by a revenue growth at its automated test equipment (ATE) division.

       Genting Malaysia’s 49%-owned associate Empire Resorts Inc has issued US$300mil (RM1.2bil) bonds due 2026 on the Singapore Exchange (SGX).

       KNM announced its indirect wholly-owned subsidiary FBM Hudson Italiana SpA had accepted a purchase order from Saudi Aramco’s subsidiary Saudi Basic Industries Corp (SABIC) for the supply of a reactor gas-gas exchanger, amounting to approximately RM17.7mil.

       Maxis’s net profit for its 3QFY21 fell 10.7% yoy, on higher depreciation and amortisation charges, despite an increase in revenue.