KUALA LUMPUR: Stocks in focus on Monday include GIIB Holdings, Sunsuria, CTOS Digital, Fitters Diversified and Can-One, according to JF Apex Research.

       GIIB Holdings Bhd has engaged an independent consulting firm to help GIIB's investigative committee in its probe into suspended executive director Wong Weng Yew.

       Sunsuria Bhd is acquiring a 60.81-acre piece of land in Ijok, Selangor for RM74.17mil to accumulate strategic industrial land for property investment and/or development.

       CTOS Digital Bhd’s net profit soared 62.3% to RM12.48mil for 1Q22 from RM7.69mil last year.

       Fitters Diversified Bhd is selling its entire 72.27% stake in Molecor (SEA) Sdn Bhd and a 369,824 sq ft piece of land and an industrial premises in Gebeng II, Kuantan, Pahang for a combined RM30mil.

       Can-One Bhd is partnering with a local private developer to build factories and a hostel on two freehold plots of land it owns in Klang, Selangor, that will have an estimated gross development value of RM478.8mil.

       Meanwhile, the US market plunged on Friday with the Dow suffering its worst day since 2020 after disappointing corporate earnings and a hawkish stance from the Federal Reserve.

       Similarly, European stocks tanks after the Fed chairman commented on possible higher-than-expected rate hikes.