According to the stock exchange filing, the project will be close to retail amenities such as Sunway Giza, Sunway Nexis and Ikea Damansara as well as education institutions including Sri KDU and SEGi University, and Thomson Hospital.
KUALA LUMPUR: Felda Gloal Ventures (FGV), SP Setia, GD Express, Daibochi, MISC and Maybulk are among the stocks to watch on Tuesday after the overnight corporate developments, says JF Apex Research.
FGV's 72%-owned Felda Palm Industries Sdn Bhd is planning to sell its 30% stake in Taiko Clay Chemical Sdn Bhd for RM145mil and record a net disposal gain of RM16.06mil.
GD Express's 3QFY18 net profit dropped 67% on-year due to higher operating expenses.
JF Apex Research said as for Daibochi, its new consumer packaging plant in Yangon, Myanmar, which commenced operation last July, helped lift its latest quarterly net profit by 12.3% on-year.
Maybulk’s 1QFY18 net loss more than halved to RM14.34mil from RM33.21mil a year ago, thanks to improved charter rates from the dry bulk segment, and reduced losses from its associate, PACC Offshore Services Holdings Ltd (POSH).
MISC saw its 1QFY18 net profit fall 54.1% on-year on lower contribution across all business segments.
JF Apex Research said US markets advanced for 8th consecutive days as concerns of a US-China trade war eased after President Trump agreed to help ZTE.
Earlier, European stocks ended mixed amid rebound in oil prices and development in Italian politics.
At Bursa Malaysia, the FBM KLCI ended 3.91 points higher at 1,850.42 after a volatile session which saw the benchmark index swinging between 1,797.14 and 1,876.62.
“The FBM KLCI is expected to remain choppy with support and resistance at 1,800 and 1,880 respectively,” said the research house.
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