KUALA LUMPUR: Investors could be keeping an eye on stocks with recent corporate announcements including EcoWorld International, Scientex, LYC Healthcare, JF Technology and Alam Maritim , said JF Apex Research.

       EcoWorld International narrowed its net loss to RM14.66mil in its 1QFY22 from RM56.26mil in 4QFY21, mainly due to lower share of losses in its joint venture.

       On a year-on-year basis, the group sank into the red compared with a net profit of RM56.03mil in 1QFY21, mainly due to lower revenue and profit recognition from Yarra One and West Village, as fewer sold units were handed over during the period.

       Scientex’s 2QFY22 net profit fell 16.5% yoy due to higher raw material prices and freight costs for its consumer packaging business.

       LYC Healthcare's Singapore unit LYC Medicare (Singapore) Pte Ltd is buying the remaining 49% stakes it does not hold in two Singapore-based healthcare companies via cash and share deals, ahead of the unit's proposed listing on the Singapore Exchange (SGX).

       JF Technology has set up its Test Contacting Centre of Excellence in Kota Damansara, Selangor with an investment of RM40mil, in a bid to further expand its business and capture immense opportunities in the semiconductor industry.

       Alam Maritim announced it has received a notice from Messrs.

       Al Jafree Salihin Kuzaimi PLT to voluntarily resign as auditors of the company.

       Meanwhile, JF Apex said the FBM KLCI is expected to extend its gains towards the resistance of 1,615 points following a positive performance on Wall Street.

       The US market rallied overnight after the Federal Reserve raised interest rates for the first time in three years and signalled six more hikes this year.

       European stocks also advanced on hopes of a ceasefire between Russia and Ukraine.