KUALA LUMPUR: Stocks to watch on Thursday include EP Manufacturing Bhd, Omesti Bhd, Transocean Holdings Bhd, Iconic Worldwide Bhd and Pimpinan Ehsan Bhd, according to JF Apex Research.

       EPMB has entered into a two-year memorandum of understanding (MOU) with the Ministry of International Trade and Industry (MITI) agency Malaysia Automotive Robotics and IoT Institute (MARii) to explore areas of collaboration in the production of two- and four-wheel electric vehicles and establishment of an electronic payment system, which will be part of a "super delivery ecosystem".

       Transocean named Tan Sri Surin Upatkoon as the second largest shareholder with an 18.43% stake in the company on Wednesday.

       Omesti has increased its investment in the Bemed Group of companies with the acquisition of a 70% shareholding in each of nine other Bemed pharmaceutical businesses for a total cash consideration of RM15.8mil.

       Iconic Worldwide is planning to raise RM38.25mil from a private placement to fund the working capital of its glove and medical face mask venture.

       Pimpinan Ehsan will see Thai-listed B.Grimm Power Public Co Ltd emerge as a 40.6% shareholder, after renewable energy (RE) firm reNIKOLA Holdings Sdn Bhd was slated to emerge as the largest shareholder in Pimpinan Ehsan in May earlier this year.

       AwanBiru said Serba Dinamik is unable to complete the purchase of an eight-storey office building in Cyberjaya from the group for RM24.2mil.

       In accordance with the terms of the sale and purchase agreement inked in February, the deposit of RM2.42mil paid by Serba Dinamik is forfeited.

       Responding to an unusual market activity (UMA) query from Bursa Malaysia on Wednesday, TAFI said it is considering a bonus issue.

       Hup Seng’s 3QFY21 net profit shrank by 65.94% year-on-year on lower biscuit sales, as well as increase in costs of main raw materials.

       Hibiscus Petroleum’s 1QFY22 net profit fell 16.28% quarter-on-quarter as it sold fewer barrels of oil.

       Meanwhile, on a year-on-year basis, the group’s net profit was up four-fold due to higher oil prices.

       Overnight, the US market declined with major averages coming off their record highs following concerns over the latest inflation data raising bond yields.

       Earlier, European stocks climbed despite hotter-than-expected US inflation.

       “Following the decline since last Monday, the FBM KLCI could retest the support of 1,515 points,” JF Apex said.