KUALA LUMPUR: Stocks that saw recent corporate news flow include Top Glove Corp Bhd , Serba Dinamik Holdings Bhd , TSH Resources Bhd , Chin Hin Group Property Bhd (CHGP) and Velesto Energy Bhd , according to JF Apex Research.

       Top Glove Corp Bhd’s after quarterly net profit shrank 69.45% quarter-on-quarter to RM185.72mil.

       Serba Dinamik Holdings Bhd's indirect wholly-owned subsidiary SD International Sukuk Ltd is reported to have defaulted on its US$7mil (RM29.53mil) semi-annual coupon payment on the outstanding US$222mil senior Islamic bond.

       TSH Resources Bhd's 90%-owned subsidiary PT Bulungan Citra Persada (BCAP) has proposed to dispose of seven pieces of agricultural land in Kalimantan, Indonesia for RM678.97mil cash.

       Chin Hin Group Property Bhd (CHGP) said its 65%-owned subsidiary Kayangan Kemas Sdn Bhd is buying a 60% stake in Makna Setia Sdn Bhd for RM9mil to diversify into the infrastructure construction industry.

       Velesto Energy Bhd said Rohaizad Darus will be retiring as its president and executive director on Feb 25 next year, after helming the offshore oil and gas rig operator for 10 years.

       Meanwhile, JF Apex expects the FBM KLC to remain sideways above the support of 1,480 points following the recent lacklustre performance.

       The benchmark index dropped 12.91 points last Friday to 1,488.points.

       Laer that night, the US market rose with the S&P500 hitting a record high despite concerns over high inflation.

       European stocks declined amid ongoing concerns over the Omicron variant.