KUALA LUMPUR: There could be cost movement in Unisem (M) Bhd, Pekat Team Bhd, Bintai Kinden Bhd, TDM Bhd, Transocean Holdings Bhd and Brahim’s Holdings Bhd, according to JF Apex Research.
Unisem (M) Bhd has proposed the disposal of its land and making in Batam town in Indonesia’s Riau province for RM143.31mil.
Pekat Group Bhd has gained a agreement worthy of RM38.3mil to acquire a substantial-scale photo voltaic photovoltaic (PV) farm.
Bintai Kinden Corp Bhd secured an RM2.62mil contract to undertake mechanical and electrical get the job done involving the replacement of the existing transformer at the Petronas Twin Towers.
TDM Bhd has signed a Heads of Agreement (HoA) for the proposed development and leasing of a specialist hospital constructing in Kota Bharu, Kelantan.
Transocean Holdings Bhd, in reply to an unconventional sector exercise query from Bursa Malaysia, stated “a major shareholder” had explored “proposals” that could facilitate the push of its company segments.
Brahim’s Holdings Bhd’s application for a time extension to post its PN17 regularisation plan has been turned down by Bursa and its shares will be suspended from investing efficient April 15 and de-stated on April 20, unless of course an enchantment is submitted by April 14.
Meanwhile, JF Apex expects the FBM KLCI to keep on being down below the resistance of 1,620 details provided the ongoing sideways pattern.
The US market place was a little bit greater right away as investors assessed the Federal Reserve’s tighter monetary policy to beat inflation.
European shares experienced shut reduce on the back again of the Fed’s minutes and more sanctions towards Russia.