KUALA LUMPUR: Stocks with recent corporate new flow include Scomi, UWC, Poh Kong, Opcom, JAKS Resources, TDM and GIIB, said Apex Research.
The research firm said Scomi Group Bhd's proposed scheme of arrangements with its creditors has received the High Court’s approval.
UWC Bhd
’s net profit surged 27% YoY to RM29.25 million for 1QFY23.
Poh Kong Holdings Bhd’s net profit almost tripled YoY to RM15.67 million for 1QFY23.
Opcom Holdings Bhd’s shareholders have approved the purchase of the entire equity interest in T&J Engineering Sdn Bhd for RM90 million.
JAKS Resources Bhd has a private placement of up to 292.2 million new shares to raise up to RM74.4 million for debt repayment and working capital.
TDM Bhd’s 3.75%-owned Indonesian unit has failed in its appeal against Indonesia’s government in relation to a fire incident in 2019 at its land in West Kalimantan province and was ordered to pay a compensation of RM53.5 million.
GIIB Holdings Bhd said three shareholders with a combined stake of more than 10% in the group, have requisitioned for an EGM to remove Wong Weng Yew as a non-executive director of the group.
Meanwhile, Apex said the FBM KLC could remain above the support of 1,465 points following the positive performance on Wall Street.
The US market rose overnight ahead of a slew of economic data such as existing home sales, home loan applications, and consumer confidence.
Earlier, European stocks declined after Japan kept interest rates unchanged and widened its cap on 10-year Japanese government bond yields.
