KUALA LUMPUR: Stocks that could see price action on Tuesday after recent corporate announcements include Sapura Energy , Bermaz Auto , Evergreen Fibreboard, Pertama Digital, Ramssol Group and BTM Resources , according to JF Apex Research.
Sapura Energy narrowed its net loss by 56% to RM669.34mil for 3QFY22, from RM1.52 billion in the previous quarter of 2QFY22, as 2QFY22 saw higher project costs recognised for certain projects and a provision for foreseeable losses.
Bermaz Auto’s net profit was up 5.04% yoy from RM24.79mil in 2QFY21, despite revenue declining 19.34% from RM599.84mil due to reduction in sales volume.
Evergreen Fibreboard said a fire broke out at its wholly-owned subsidiary's wood fibre storage bin in Segamat, Johor, on Saturday (Dec 11) morning, which killed two people.
Pertama Digital has inked a memorandum of understanding with CGS-CIMB Securities Sdn Bhd to develop and bring to market, digital financial services that empower investors in post-pandemic Malaysia.
Ramssol Group has partnered with training and advisory services company Elmu V Sdn Bhd to expand its IT-related training business.
BTM Resources’ wholly-owned subsidiary, BTM Biomass Products Sdn Bhd has signed a proposed lease of leasehold industrial land with Perbadanan Memajukan Iktisad Negeri Terengganu (PMINT) for a 30-year term lease of 8.09 hectares (20 acres) in Teluk Kalong, Kemaman , Terengganu.
Meanwhile, JF Apex expects the FBM KLCI to remains sideways over the coming sessions above the support of 2,480 as it maintains a flattish trend.
This comes on the back of the benchmark index's 5.98-point advance to 1,494.86 points in the previous session.
Overnight, the US market had plunged following renewed concerns over the Omicron variant.
The UK had warned of a tidal wave of Covid cases due to the new variant, which triggered a fall in European stocks.
Investors will have their eyes peeled for monetary policy decisiosn by central banks in the US, England, Japan and Europe later this week.