KUALA LUMPUR: JF Apex Research expects Country Heights Holdings Bhd, Ancom Bhd, NWP Holdings Bhd, Kim Loong Resources Bhd and SCGM Bhd to be among the stocks to watch on Wednesday.

       Country Heights has inked a licensing agreement and a collaboration agreement with Beijing Wodong Tianjun Information Technology Co Ltd (JD.com) as part of its digital transformation plan.

       With this collaboration, JDMines will build the first physical store of about 100,000 sq ft of retail space on the ground floor of Mines International Exhibition and Convention Centre.

       Ancom is diversifying into the manufacturing of chemical and animal health products.

       The group has proposed to acquire an 80% equity interest each in Shennong Animal Health (Malaysia) Sdn Bhd and Vemedim Sdn Bhd (collectively known as Shennong Group) for a total of RM23.92mil.

       The proposed acquisition comes with an earnings guarantee of RM4.6mil in profit after tax per year for 2022 and 2023.

       NWP Holdings has accepted letters of award from Pembinaan Bintang Baru Sdn Bhd appointing its wholly-owned subsidiary NWP Construction Sdn Bhd as the subcontractor to undertake the supply and installation of aluminium system formwork and scheme coating works for RM30.4mil.

       Kim Loong's 3Q net profit rose 42.49% year-on-year to RM41.09mil, from RM28.84mil a year ago, on higher crude palm oil prices.

       SCGM's 2Q net profit fell 18.6% year-on-year to RM7.83mil from RM9.61 million a year prior, due to higher resin prices.

       SMTrack has entered into an autonomous aerial vehicle agreement with Strong Rich Holdings Ltd to purchase an EHang 216 (EH216) AAV worth US$2.5mil (RM10.46mil).

       The rationale of the acquisition is to establish business integration with Strong Rich to enhance SMTrack's revenue.

       Meanwhile, the US market ended flat as traders continued to assess the threat of the omicron Covid-19 variant.

       Likewise, European stocks rose slightly on Tuesday amid thin trading volume.

       “The FBM KLCI is expected to extend its rally towards the resistance of 1,550 points on the back of year-end window dressing,” JF Apex said.