KUALA LUMPUR: Stocks to watch on Tuesday include Cypark Resources Bhd, Minetech Resources Bhd, Pasukhas Group Bhd, Serba Dinamik Holdings Bhd, Cahya Mata Sarawak Bhd and Carlsberg Brewery Malaysia Bhd, according to JF Apex Research.
Cypark said it has been appointed by International Islamic University Malaysia (IIUM) to construct and operate its solar photovoltaic (PV) system.
Minetech plans to broaden its horizon into renewable energy (RE) and the oil and gas (O&G) sectors.
The group’s shareholders approved Minetech’s resolution on a proposed private placement, amendments to the constitution, reduction of share capital to fund the business expansion, as well as diversifications into the new sectors.
Pasukhas has secured a RM46.2mil deal to develop Fintec Global's medical grade nitrile glove manufacturing facility in Chepor, Perak.
Ernst & Young Consulting Sdn Bhd (EY) has accepted its appointment as Serba Dinamik's independent reviewer to assess the veracity and accuracy of the matters highlighted by the oil and gas services provider's former external auditor, KPMG PLT.
CMSB, which has hired KPMG Management & Risk Consulting Sdn Bhd to conduct an independent review of the financial management of certain investments and contracts, has reshuffled the members of its audit committee as well as nomination and remuneration committee.
Carlsberg Brewery, which has temporarily suspended the operations of its brewery in Shah Alam from June 2, will continue to close the brewery until further notice following the government’s announcement that Phase One of the National Recovery Plan will be extended.
Meanwhile, the US market was flat with the S&P inching to a record high as the bulls took a breather from recent gains.
Earlier, European stocks declined after Portugal imposed quarantine on unvaccinated arrivals from the UK.
“After breaking the support of 1,550 points yesterday, the FBM KLCI could extend its decline towards the next support at 1,530 points,” JF Apex said.