KUALA LUMPUR: Investors could be keeping an eye on stocks with recent corporate announcements including Pharmaniaga , Sunway, Luster Industries, Aimflex, Willowglen MSC and Genetec Technology, said JF Apex Research.

       Pharmaniaga's unit Pharmaniaga Logistics Sdn Bhd has received a letter from the Ministry of Health, agreeing in principle for the continuation of medical supply logistics services to the ministry's facilities for a period of 10 years.

       HLT Global has proposed a private placement of between RM66.5mil and RM76.84mil to fund its rubber glove business expansion and for working capital requirements.

       Sunway plans to launch a tertiary medical centre as well as a shopping mall in the 1,350-acre integrated Sunway City Ipoh township by 2025.

       Luster Industries has said it will subscribe for 81.58 million shares or a 5.55% stake in Aimflex, at 12.67 sen per share or a total sum of RM10.34mil.

       Willowglen MSC has been awarded a RM7.7mil contract by Prasarana Malaysia Bhd, for works relating to a supervisory control and data acquisition (SCADA) and closed-circuit television (CCTV) system.

       Genetec Technology has inked a memorandum of understanding (MoU) with Thailand-based Asia Precision Public Company Ltd (APCS) to study the feasibility of jointly developing factory automation for energy storage system business in Thailand.

       Meanwhile, JF Apex expects the FBM KLCI to extend its rebound towards the resistance of 1,600 points following the 14.12-points climb to 1,564.29 yesterday.

       The US market rose overnight following a five-day decline after bond yields started to stabilise.

       European stocks were also higher as investors awaited US inflation data and comments from the US Federal Reserve.