KUALA LUMPUR: FGV Holdings, Federal International Holdings, Hong Seng Consolidated, NTPM, Analabs Resources and VS Industry are among the stocks to watch on Monday following their recent corporate news, JF Apex Research said.

       It said FGV Holdings is believed to be eyeing its maiden oil palm venture in India's State of Telangana after news reports indicated FGV representatives had met government officials there on Wednesday to propose the setting up of an oil palm processing unit in Sircilla, and other parts of the state.

       Federal International Holdings' 50%-owned joint venture has inked a MoU with SPIC Energy Malaysia Bhd to acquire a stake in some operating solar energy assets.

       Hong Seng Consolidated is selling its entire stake in subsidiary Hong Seng Priority Management Sdn Bhd to Robust Potential Sdn Bhd for RM34.5mil cash.

       NTPM's 1QFY22 net profit rose 7.82% on-year on the back of higher unrealised gain on foreign exchange of RM5.5mil.

       Analabs Resources' 1QFY22 net profit rose 49.24% on-year thanks to higher pipe laying and rehabilitation segment contribution.

       VS Industry saw its 4QFY21 net profit fall 24.21% on-year mainly due to a one-off (non-cash) impairment on the investment in associate amounting to RM25mil.