KUALA LUMPUR: Stocks that could see investor interest on Wednesday following recent corporate news flow include Capital A, Dialog, Duopharma and Sime Darby Plantation , says JF Apex Research.
Capital A is raising more than RM400mil in capital for its engineering arm, Asia Digital Engineering, which plans to build maintenance, repair and overhaul facilities at the Kuala Lumpur International Airport.
Dialog managed to post a 4.98% improvement in its net profit to RM127.88mil for its second quarter ended Dec 31, 2021, from RM121.81mil a year earlier, amid higher project cost.
Duopharma’s net profit for the fourth quarter ended Dec 31, 2021 slipped 2.94% to RM15.72mil from RM16.19mil a year ago because of higher costs.
Sime Darby Plantation announced several changes and improvements to its governance structures, policies and procedures, which include the planned reimbursement of recruitment fees to the oil palm plantation group's current foreign workers and establishment of an improved responsible recruitment procedure to ensure that SDP's operations are free of the scourge of forced labour.
JF Apex said the FBM KLCI could face profit-taking in the coming session and retrace to the support of 1,580 points following the recent rally.
This is despite the US market climbing overnight to break a three-day losing streak following recent developments between Russia and Ukraine.
SImilarly, European stocks advanced after Russia said some troops has withdrawn to their bases.