KUALA LUMPUR: Shares to look at on Monday embrace Sapura Vitality BhdPublic Financial institution BhdNTPM Holdings BhdMagni-Tech Industries BhdJF Know-how Bhd and Berjaya Corp Bhd, in line with JF Apex Analysis.
The analysis home famous that Sapura Vitality reported a staggering internet lack of RM6.61bil for its 4QFY22, in contrast with a lack of RM216.03mil a 12 months prior, because it booked an impairment on goodwill value RM3.29bil, and an impairment on property, plant and gear value RM2.1bil.
Public Financial institution and Carsome have inked a Memorandum of Understanding to collaborate on automotive financing.
NTPM Holdings reported an 81.08% year-on-year droop in its 3QFY22 no due to vital improve in prices of uncooked supplies, packaging supplies and freight, greater utility and vitality prices, decrease international trade acquire, and better promoting and distribution bills.
Magni-Tech’s 3QFY22 internet revenue dropped 45.5% year-on-year, on decrease contributions from its garment and packaging companies, in addition to the absence of a one-off disposal acquire on property of RM6.94mil in 3QFY21.
JF Know-how’s chief govt officer Dillon Atma Singh has resigned from his place within the high-performance check contacting options producer, “to pursue different alternatives”.
Eastland Fairness is planning to accumulate 92 industrial models in Bandar Tun Razak Enterprise Park in Jengka, Pahang, in addition to undertake a capital discount train and enterprise diversification to enhance its monetary place.
Berjaya Corp’s chief govt officer Abdul Jalil Abdul Rasheed shall be stepping down from his publish to pursue his private pursuits primarily based on a information report.
In the meantime, the US market rallied on Friday as equities continued to climb after the Federal Reserve’s price hike on Wednesday.
Equally, European shares rose after the Financial institution of England raised rates of interest as buyers proceed to observe the negotiations between Russia and Ukraine.
“Following the constructive efficiency in Wall Road, the FBM KLCI might climb in the direction of the resistance of 1,620 factors,” JF Apex mentioned.