KUALA LUMPUR: JF Apex Research expects Pos Malaysia, Kronologi Asia, EcoFirst and Fajarbaru
are among the stocks to watch on Monday.
Pos Malaysia has partnered Singapore-based e-commerce logistics and selling platform Anchanto to strengthen its e-commerce warehousing facilities.
As for Kronologi Asia, its 2QFY17 net profit more than doubled to RM4.1mil from RM1.7mil a year ago on the back of higher revenue.
EcoFirst's net profit for the 4QFY17 surged 13 times to RM7.77mil from a year ago, boosted by the development of Upper East at Tiger Lane in Ipoh and Liberty project at Ampang Ukay.
Meanwhile, the research house pointed out Fajarbaru has secured a RM101.3mil contract to complete the remaining building works of a commercial development for TYL Land & Development Sdn Bhd.
Orion IXL was informed by its target acquisition ASAP Bhd that a suit has been filed against ASAP by Sporty Beans Sdn Bhd. Sporty Beans claimed ASAP had entered into a joint venture agreement with the former to design, develop, deploy and launch an e-portal for it, and ASAP had breached the agreement.
Last Friday, the Dow rose to a record high amid results season and US 2Q GDP met expectation. Earlier, European stocks closed lower dragged by technology and tobacco counters.
At Bursa, the FBM KLCI dropped 2.99 points to end at 1,767.08.
Following the mixed performance in the US and Europe, the KLCI is expected to remain sideways below the resistance of 1,770.
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