KUALA LUMPUR: Investors could have their sights trained on stocks with recent corporate announcements including Bursa Malaysia, Lotte Chemical Titan Holdings, Luxchem, Pavilion REIT, Maxis, Vortex Consolidated, Fraser & Neave Holdings and Digi.com, according to JF Apex Research.

       Bursa Malaysia Bhd’s net profit for 1Q22 dropped 44.% YoY to RM67.97mill.

       Lotte Chemical Titan Holdings Bhd posted a 76% YoY drop in 1Q22 net profit to RM104mil.

       Luxchem Corp Bhd saw its net profit for 1Q22 decline 21.7% YoY to RM16.09mil.

       Pavilion Real Estate Investment Trust (REIT)’s net property income (NPI) rose 59.7% YoY to RM93.99mil for 1Q22.

       Maxis Bhd’s 1Q22 net profit declined slightly to RM298mil from RM334mil a year ago.

       Vortex Consolidated Bhd is buying 187 units of serviced apartments in an on-going property development at Genting Highlands for RM246.35mil cash.

       Fraser & Neave Holdings Bhd (F&N) will raise prices of its food and beverage products due to rising global commodity costs amid the ongoing war between Russia and Ukraine which cost them an additional RM200mil cost of goods in 1HFY22.

       Digi.com Bhd’s CEO Albern Murty will be taking a temporary leave of absence effective immediately due to family health reasons and is expected to return in the second half of 2022.

       Meanwhile, JF Apex said the FBM KLCI could remains sideways below the resistance of 1,620 points following this week's choppy performance.

       The US markets surged overnight with gains led by technology stocks despite 1Q GDP coming in below expectations.

       Similarly, European stocks rose following corporate earnings despite concerns of Russia cutting gas supplies.