KUALA LUMPUR: Stocks that could see increased investor interest include GFM Services, Berjaya Food, Datasonic, Eco World International, Scomi and Citaglobal, said JF Apex Research.
GFM Services Bhd has received a letter of acceptance from the Public Works Department to provide facilities management services for Istana Negara in Kuala Lumpur for RM367.2mil contract over five years.
Berjaya Food Bhd is expected to announce a joint venture with international bakery operator Paris Baguette Singapore.
Datasonic Group Bhd has won a RM9.66mil contract from Pertubuhan Keselamatan Sosial (Perkeso) to provide services for the development of a data *** ytics hub for the Employment Insurance System.
Eco World International Bhd posted a net loss of RM67.35mil for the second quarter ended April 30, 2022.
Bursa has granted a further five-month extension of time to SCOMI GROUP BHD to submit its regularisation plan for approval.
Citaglobal Bhd plans to buy the entire equity interest in Citaglobal Engineering Services Sdn Bhd for RM140mil in new share issuance.
Meanwhile, JF Apex said the FBM KLCI could bounce off the support of 1,540 points following a rebound on Wall Street.
The US market rebounded sharply overnight after the Federal Reserve raised interest rates by 75 basis points, in line with market expectations.
Similarly, European stocks surged after the European Central Bank held an unscheduled monetary policy meeting.