KUALA LUMPUR: Stocks in focus on Tuesday include Guan Chong, CSC Steel, Jaya Tiasa, Ta Win, Focus Lumber, Boustead Plantations , PLS Plantations, Hextar Global, Inta Bina, BP Plastic, Tashin, Wellcall, Karex, T7 GLOBAL , ARB, Perdana Petroleum, Tiong Nam, Lii Hen, KPower, AirAsia X and TM, according to JF Apex Research.

       Guan Chong, CSC Steel, Jaya Tiasa, Ta Win, Focus Lumber, Boustead Plantations, PLS Plantations, Hextar Global, Inta Bina, BP Plastic, Tashin achieved better y-o-y quarterly net earnings.

       Meanwhile, Wellcall, Karex, T7 Global, ARB, Perdana Petroleum, Tiong Nam, Lii Hen recorded weaker y-o-y net profit on their quarterly results.

       KPower, in a consortium with a China company, has bagged a RM70mil contract to undertake engineering, design, procurement, construction, and commissioning (EPCC) works of small hydro power plants in Kota Marudu, Sabah.

       AirAsia X will raise RM116mil in a one-for-one rights issue of 414 million shares to existing shareholders and RM50mil via a share subscription from new investors, as part of an effort to shore up its balance sheet.

       TM announced that it is part of a consortium for the latest Southeast Asia-Middle East-Western Europe (SEA-ME-WE 6) submarine cable system that connects Malaysia with multiple countries, namely Singapore, Bangladesh, India, Sri Lanka, Maldives, Pakistan, Oman, Djibouti, Saudi Arabia, Egypt and France.

       In the day ahead, JF Apex expects the FBM KLCI to remain under pressure and test the support of 1,570 points.

       The US futures market tumbled overnight due to the ongoing geopolitical tensin between Russia and Urain and expectation of rate hikes by the Federal Reserve.

       Meanwhile, European stocks tanked following the Russia-Ukraine situation despite strong economic growth in the UK and Europe.