KUALA LUMPUR: Stocks that could be on investors' radar screens include KLK, Sapura Energy
, Yinson, Hiap Teck, Crest Builder, Astro, EcoWorld Malaysia, Scientex, Pestech and Ranhill Utilities, said Apex Securities Research.
Kuala Lumpur Kepong Bhd (KLK) and its Singapore-incorporated wholly-owned subsidiary, KLK Plantations and Trading Pte Ltd, are acquiring more than a 90% stake in two Indonesian oil palm companies for a combined RM276.55mil.
Sapura Energy Bhd has been granted a second extension till May 31 next year to submit its Practice Note 17 (PN17) regularisation plan, which was supposed to be due on Nov 30, 2023.
Yinson Holdings Bhd posted a record net profit of RM248 million or 7.3 sen per share for the third quarter ended Oct 31, 2023 (3QFY2024), up 60% from RM155 million or 4.2 sen per share a year earlier as revenue grew 62% to RM2.81 billion from RM1.74 billion.
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