KUALA LUMPUR: Stocks that may be in focus on Wednesday include Ibraco, NCT Alliance, Ramssol, Impiana, MR DIY, Dufu Technology , Hartalega and PRG, says JF Apex Research.

       Ibraco has secured a construction contract worth RM375mil in Kuching, Sarawak.

       NCT Alliance has been appointed to revive two phases of an abandoned project involving 168 bungalow units on 80 acres of freehold land, in Batang Kali, Selangor, that carry an estimated gross development value of RM500mil.

       Ramssol and Impiana announced that they have entered into a two-year partnership to provide Human Resources Development Corporation (HRD Corp) certified training programmes for Malaysia’s workforce to support post-pandemic economic recovery through upskilling and reskilling.

       MR DIY posted a lower net profit of RM90.35mil for its 3QFY21 down 20.36% yoy, despite higher revenue as it saw higher operating expenses from higher store count, while outlets remained closed during the Covid-19 movement restriction measures.

       Dufu Technology's net profit jumped 57.51% yoy in its 3QFY21 as it enjoyed higher revenue, economies of scale and a favorable product mix.

       Hartalega's 2QFY22 net profit shrank 59.55% qoq on the back of lower revenue, -48.5% qoq.

       PRG’s 54.19%-owned subsidiary Furniweb Holdings Ltd has entered into a Sale and Purchase Agreement with Energy Solution Global Ltd (ESGL) to acquire 37.25% of the latter’s issued and paid-up capital for approximately RM5.11mil.

       Through the acquisition, the group is making its first foray into the energy efficiency industry.

       JF Apex said in its daily highlights note that the FBM KLCI cold consolidate above the support of 1,510 points following yesterday's 6.71 points rebound to 1,537.63.

       Overnight, major US indices hit fresh record high as companies continue to deliver strong corporate earnings.

       The European markets were mixed amid quarterly results.