KUALA LUMPUR: JF Apex Research expects Vivocom, Gabungan AQRS, Benalec, NTPM, LB Aluminum, SCGM and Magni-Tech to be among the stocks to see exchanging activity on Friday after their corporate news.
The exploration house said Vivocom got letters of recompense totalling RM37.8mil for development contracts in Sungai Buloh, Selangor, and Lorong Stonor, Kuala Lumpur.
Gabungan AQRS would offer 1,140 units of reasonable homes alongside 19.03 sections of land of a leasehold land situated in Putra Perdana, Sepang, on which they will be worked to PR1MA Corp Malaysia for RM314mil.
Benalec has gotten the Department of Environment's (DoE) endorsement for the recovery for stages 2 and 3 of its Tanjung Piai Integrated Petroleum and Petrochemical Hub and Maritime Industrial Park venture.
NTPM the gathering's 4QFY16 net benefit fell 23.7% on-year to RM10.05mil, as edge declined on higher vitality expenses and work related use.
LB Aluminum saw its 4QFY16's net benefit more than twofold to RM5.86mil, because of better edges emerging from less expensive crude material, and in addition lower charge procurement.
SCGM's 4QFY16 net benefit fell by 32.61% on-year to RM3.46mil because of weaker ringgit, higher deterioration charges, and greater account costs.
Magni-Tech, the gathering saw its 4QFY16 net profit expanded by 13.3% on-year to RM18.84mil mostly because of higher piece of clothing income on the back of valuation for the US dollar against the ringgit notwithstanding bring down deals orders got.
US markets hopped more than 1% overnight on desire that Britain will vote to stay in the EU. Thus, European stocks mobilized as British voters choose EU participation.
At Bursa, the FBM KLCI quit for the day focuses to 1,639.98. "Taking after the bullish execution in the US and Europe, the FBM KLCI is relied upon to develop its bounce back with backing and resistance at 1,610 and 1,665 individually," it said.
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