KUALA LUMPUR: Stocks in focus on Thursday incude Berjaya Corp
, Ranhill Utilities, Comintel, Techbond, United Malacca, G Capital and Infomina, said Apex Research.
Berjaya Corp Bhd's (BCorp) major shareholder and chairman Tan Sri Vincent Tan Chee Yioun has trimmed his stake at the diversified group, which is in the midst of evaluating a potential acquisition involving a licensed entity governed by Bank Negara Malaysia under the Financial Services Act 2013.
Ranhill Utilities Bhd, via its unit Ranhill Water Services Sdn Bhd, has secured a RM38.5 million contract from the Public Works Department, Minority shareholders of Comintel Corp Bhd have been advised to reject a mandatory takeover offer launched by the company's largest shareholder Datuk Jackson Tan Kak Seng.
Techbond Group Bhd is spending RM57.25 million cash to acquire a company that produces adhesives and its related chemicals under the business empire of tycoon Robert Kuok.
United Malacca Bhd's net profit for its second quarter financial year ended Oct 31, 2022 fell 56.5% to RM15.71 million from RM36.1 million.
G Capital Bhd's 96%-owned Gunung Hydropower Sdn Bhd has signed a 21-year renewable energy power purchase agreement with Tenaga Nasional Bhd (TNB).
Infomina Bhd's subsidiary Infomina (Thailand) Co Ltd has received a purchase agreement from Siam Commercial Bank Public Co Ltd (SCB).
Meanwhile, Apex said the FBM KLCI could have an optimistic performance on the back of bargain-hunting activities with the easing of China's Covid containment measures.
The US market faced a sell down in the technology sector as bond yields rose with investors weighing the economic outlook for 2023.
Earlier, European stocks closed higher as positive sentiment continued in the final trading week of 2022.
