KUALA LUMPUR: Stock to watch on Thursday include Petronas Gas, Wegmans, TCS, Alam Maritim , Aneka Jaringan, Willowglen MSC , G Capital and Opensys, according to JF Apex Research.

       Petronas Gas said its incentive-based regulation (IBR) tariff for its Peninsular Gas Utilisation (PGU) facility has been adjusted to RM1.128/GJ through 2022, from RM1.129/GJ.

       This follows the approval by the Energy Commission for the adjustment, which the group said is an annual process under the IBR framework during the three-year Regulatory Period 1 (RP1) from 2020 to 2022.

       Wegmans has proposed to undertake a bonus issue of up to 168.76 million free warrants on the basis of one warrant C for every four existing ordinary shares.

       TCS has bagged an RM255mil contract to construct the foundation and main building works of a mixed-use development project in Taman Desa, Kuala Lumpur.

       Alam Maritim has received a Letter of Award for an RM52 million contract in respect to the Cendor Pipeline Project by Petrofac Malaysia; Aneka Jaringan has secured an RM20.18mil contract to undertake piling and substructure works for a 45-storey condominium project in Setapak.

       Willowglen MSC has been awarded a contract worth RM14.4mil for the provision of a systems package-integrated supervisory control system in respect of a rapid transit system (RTS).

       G Capital said its 70%-owned unit Solarcity Malaysia Sdn Bhd has been awarded a solar photovoltaic energy generating system contract by two subsidiaries of KSK Group Bhd.

       OpenSys has rolled out its Smart CIT secure logistics and cash management solution for Tenaga Nasional Bhd to enhance process efficiencies and reduce up to 33% in overall processing costs.

       The group targets to complete the rollout of its Smart CIT solution across all 114 TNB retail outlets nationwide in the first quarter of 2022.

       Meanwhile, JF Apex expects the FBM KLCI to consolidate below the resistance of 1,615 points following the recent volatile trading.

       US markets rose sharply overnight amid the ongoing war between Russia and Ukraine, higher oil prices and the Federal Reserve's comment on inflation and the latest private payrolls data.

       European stocks advanced following corporate earnings, February inflation and Germany's unemployment data.