KUALA LUMPUR: Stocks that could attract investor interest on Tuesday include Ta Win, Gromutual, Greatech and Cycle & Carriage Bintang, says JF Apex Research.

       Ta Win announced that it secured a RM2.5bil contract from South Korea’s POSCO International Corp to supply copper rods and wires as well as other copper-related products.

       The contract lasts for three years and Ta Win is expected to supply about 65,000 tonnes of the products for the whole three years, starting with 10,000 tonnes in the first year.

       Gromutual is planning to acquire a 9.79-acre piece of land in Johor to further expand its business in the development of ready-built industrial facilities (RBF) for sale or lease to the supply chain of multinational companies operating in Senai Airport City’s Free and Non-Free Zone for RM21.33mil.

       Greatech reported a 24.75% increase in its 3QFY21 net profit due to increased foreign exchange gain and lower administrative and marketing expense.

       This increase was also attributed to higher revenue recognised in production line systems and single automated equipment which was contributed mostly by the electric vehicle energy storage industry.

       Cycle & Carriage Bintang saw its 3Q results tumble 70.77% yoy as sales volumes were hit by the Movement Control Order (MCO) 3.0 restrictions and supply-related challenges.

       On the day's market outlook, JF Apex said the FBM KLC could consolidate aove the support of 1,510 points.

       This comes after the blue-chip index plunged 31.29 points or 2.01% to 1,530.92 points yesterday amid negativity over the govenrment's proposed Cukai Makmur initiative.

       The US market ended slighty higher overnight with the Dow Jones, S&P500 and Nasdaq inching to record highs as the bullish momentum continues ahead of the eral Reserve policy meeting on Wednesday.