Buying and selling concepts: Petronas Gasoline, Wegmans, TCS, Alam Maritim, Aneka Jaringan, Willowglen MSC, G Capital and Opensys

KUALA LUMPUR: Inventory to observe on Thursday embody Petronas Gasoline, Wegmans, TCS, Alam MaritimAneka Jaringan, Willowglen MSCG Capital and Opensys, in response to JF Apex Analysis.

Petronas Gasoline stated its incentive-based regulation (IBR) tariff for its Peninsular Gasoline Utilization (PGU) facility has been adjusted to RM1.128/GJ via 2022, from RM1.129/GJ.

This follows the approval by the Vitality Fee for the adjustment, which the group stated is an annual course of beneath the IBR framework in the course of the three-year Regulatory Interval 1 (RP1) from 2020 to 2022.

Wegmans has proposed to undertake a bonus challenge of as much as 168.76 million free warrants on the idea of 1 warrant C for each 4 current unusual shares.

TCS has bagged an RM255mil contract to assemble the inspiration and major constructing works of a mixed-use growth undertaking in Taman Desa, Kuala Lumpur.

Alam Maritim has obtained a Letter of Award for an RM52 million contract in respect to the Cendor Pipeline Undertaking by Petrofac Malaysia; Aneka Jaringan has secured an RM20.18mil contract to undertake piling and substructure works for a 45-storey condominium undertaking in Setapak.

Willowglen MSC has been awarded a contract value RM14.4mil for the supply of a programs package-integrated supervisory management system in respect of a fast transit system (RTS).

G Capital stated its 70%-owned unit Solarcity Malaysia Sdn Bhd has been awarded a photo voltaic photovoltaic power producing system contract by two subsidiaries of KSK Group Bhd.

OpenSys has rolled out its Good CIT safe logistics and money administration answer for Tenaga Nasional Bhd to boost course of efficiencies and cut back as much as 33% in total processing prices.

The group targets to finish the rollout of its Good CIT answer throughout all 114 TNB shops nationwide within the first quarter of 2022.

In the meantime, JF Apex expects the FBM KLCI to consolidate under the resistance of 1,615 factors following the current unstable buying and selling.

US markets rose sharply in a single day amid the continued battle between Russia and Ukraine, increased oil costs and the Federal Reserve’s touch upon inflation and the most recent non-public payrolls knowledge.

European shares superior following company earnings, February inflation and Germany’s unemployment knowledge.


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