KUALA LUMPUR: Investors could have their sights trained on KESM, PTT Synergy, Boustead Heavy Industries, Sapura Energy and Fitters Diversified, according to JF Apex Research.
KESM Industries Bhd has declared an interim dividend of 1.5 sen per share for the financial year ending July 31, 2022.
PTT Synergy Group Bhd has won an RM53.8mil contract from Tropicana Corp Bhd to undertake construction work in Pontian, Johor.
Boustead Heavy Industries Corp Bhd (BHIC) gets a nine-month contract extension worth RM79.32mil from the Ministry of Defence (Mindef).,
Two of debt-ridden Sapura Energy Bhd’s units, Sapura Pinewell Sdn Bhd (SPSB) and Sapura Fabrication Sdn Bhd (SFSB), have been served with winding-up petitions for failing to settle RM906,194 in outstanding amounts.
Fitters Diversified Bhd has emerged as a new substantial shareholder of Metronic which currently holds a 13.255% indirect stake.
Meanwhile, JF Apex said the FBM KLCI could trend lower to change the support of 1,394 points.
The US market decline overnight after big banks earnings kicked off with disappointing results and the fears of recession lingered.
Similarly, European stocks ended lower as global market assessed the recent US inflation data.