KUALA LUMPUR: Stocks that could be in focus on Monday include IWCity, Scientex, Aeon Co, Reservoir Link Energy, Hong Seng Consolidated, MGRC, Minda Global, Hua Yang and Pekat, said JF Apex Research.
Iskandar Waterfront City Bhd (IWCity) after it decided not to appeal against the rejection of the relief application by Bursa and is now an affected listed issuer.
Scientex Packaging Bhd’s 3QFY22 net profit was flat at RM10.31mil.
AEON Co (M) Bhd’s managing director and chief executive officer Shafie Shamsuddin will resign from the posts effective June 30.
Perak Corp Bhd has rejected the commercial crime allegations against the group by its former director Chong Zhemin.
Reservoir Link Energy Bhd's 60%-owned unit has secured a three-year contract from Hibiscus Petroleum Bhd to provide services in relation to identifying opportunities for wells production enhancement and rejuvenation.
Hong Seng Consolidated Bhd plans to establish a regional manufacturing centre in Malaysia to produce electric vehicle (EV) batteries.
Malaysian Genomics Resources Bhd (MGRC) has received a waiver from Bursa Malaysia Securities Bhd to exempt it from submitting its regularisation plan to the relevant authorities.
Minda Global Bhd, the company that runs University of Cyberjaya, has proposed to buy the properties it is operating from for RM180mil.
Hua Yang Bhd has proposed to undertake a renounceable rights issue of up to 88 million new shares coupled with free warrants to raise up to RM17.6mil.
Pekat Group Bhd has secured a contract to supply an 185.3kWp grid connected photovoltaic system in Port Klang.
Meanwhile, JF Apex said the FBM KLCI could extend its downtrend towards the support of 1,480 points following the bearish performance on Wall Street.
The US market plunged on Friday after inflation hit a 40-year high.
Similarly, European stocks tumbled after the European Central Bank's decision to hike interest rates and higher-than-expected US inflation.