KUALA LUMPUR: Recent corporate announcements could see investors turn their sights on Boustead Plantations, Sarawak Oil Palms, Ta Ann Holdings, Innoprise Plantations, Hextar Global, SP Setia, KPower, Destini, SCIB, EUPE Corp, Serba Dinamik, Hock Seng Lee and Petron M Refining & Marketing, said JF Apex Research.

       Boustead Plantations Bhd, Sarawak Oil Palms Bhd, Ta Ann Holdings Bhd, Innoprise Plantations Bhd, Sports Toto Bhd, and Hextar Global Bhd reported quarterly earnings growth while S P Setia Bhd and KPower Bhd saw their quarterly results decline.

       Destini Bhd has won a four-and-a-half-year Level 4 maintenance, repair and overhaul (MRO) contract for 35 train sets operated by Keretapi Tanah Melayu Bhd (KTMB) worth RM531.39mil.

       Sarawak Consolidated Industries Bhd (SCIB) has received a letter of award and acceptance for a RM38mil engineering, procurement, construction and commissioning contract in Sarawak.

       Eupe Corp Bhd is buying a 4.812-acre parcel of land located along Jalan Damansara and Jalan Belfield for RM125mil cash.

       Serba Dinamik Holdings Bhd group managing director Datuk Dr Mohd Abdul Karim Abdullah's stake in the oil and gas service provider has slipped to 20.826% after a forced selling.

       Hock Seng Lee Bhd will be officially removed from Bursa Malaysia effective Thursday following its privatisation.

       Petron M Refining & Marketing Bhd has received a notice of arbitration from MTC Engineering Sdn Bhd, seeking RM50.5mil for alleged outstanding additional costs from a project.

       Meanwhile, JF Apex said the FBM KLCI could bounce off its support of 1,540 points following the rebound on Wall Street.

       The US market rallied overnight after a strong rebound.

       Similarly, European stocks rebounded sharply despite concerns over inflation.