KUALA LUMPUR: Stocks to check out for on Monday pursuing corporate announcements incude Kossan, Caely, Axiata, Digi, TSR Funds and LKL International, explained JF Apex Study.
Kossan Rubber Industries Bhd founder Tan Sri Lim Kuang Sia experienced in latest times lifted his indirect stake in the rubber glove maker following acquiring 7.06 million shares.
Datuk Jovian Mandagie mentioned lingerie maker Caely Holdings Bhd produced a wrong announcement to Bursa Malaysia relating to his alleged appointment as the govt vice chairman.
Axiata Team Bhd and Digi.com Bhd are extending the deadline to fulfil disorders that have been established out in their merger arrangement from 22 June to 31 Dec this year.
TSR Funds Bhd is selling a house in Port Dickson to Malaysia’s McDonald’s licensee Gerbang Alaf Restaurants Sdn Bhd for RM6mil.
LKL Worldwide Bhd has proposed to undertake a renounceable rights issue with free warrants to raise up to RM58.3mil to fund its diversification into the pharmacy enterprise.
In the meantime, JF Apex explained the FBM KLCI could stay pressured with assistance at 1,450 details next the the latest uncertainty.
The US marketplace ended mixed on Friday with the Dow declining a bit when the S&P and Nasdaq climbed amid worries of an financial slowdown.
Similarly, European shares have been blended as central banks hiked curiosity fees in reaction to the US Federal Reserve’s price hike.