KUALA LUMPUR: Stocks to watch on Monday following recent corporate news announcements include Axiata, Maxis, Digi, Dialog, Cahya Mata Sarawak, MMHE, Tropicana Corp, Vizione , Icon Offshore and VS Industry, according to JF Apex Research.

       Axiata, Maxis and Digi said they have accepted offers from the Malaysian Communications and Multimedia Commission (MCMC) for spectrum assignments across five years from July 1, 2022.

       Dialog has accepted an engineering, procurement, construction, and commissioning (EPCC) contract with an estimated value of up to RM724mil for a melamine plant for Petronas Chemicals Fertiliser Kedah Sdn Bhd.

       Cahya Mata Sarawak said its wholly-owned subsidiary, CMS Cement Industries Sdn Bhd, will raise its price of cement by an average of 10% subject to product types and location.

       MMHE saw its net loss for the fourth quarter ended Dec 31, 2021, widen yoy to RM107.79mil versus RM8.56mil on higher operating losses and lower revenue from its heavy engineering and marine segments.

       Tropicana Corp has entered into an agreement with PowerChina International Group Ltd to develop a 308-acre integrated entertainment hub dubbed Tropicana Paradise in Genting Highlands.

       Vizione has bagged sub-contract works worth RM130mil from Permata Rebana Sdn Bhd to build a medical lab at Bandar Enstek, Seremban, Negeri Sembilan.

       Icon Offshore has secured a US$9.6mil (RM40.22mil) order from ConocoPhillips Sarawak Ltd and ConocoPhillips Sarawak Oil Ltd (collectively ConocoPhillips Sarawak) to supply a jack-up drilling rig.

       VS Industry has appointed PwC Consulting Associates (M) Sdn Bhd to conduct an independent review of the group’s migrant worker labour practices.

       Meanwhile, JF Apex expects the FBM KLCI to retrace to the support of 1,550 points as investors take profit from last week's rally.

       The index could track the US market, which plunged last Friday following the political tensions between Russia and Ukraine.

       European stocks similarly declined after higher-than-expected US inflation increased expectations of interest rate hikes.