KUALA LUMPUR: The spotlight could be on companies with recent announcements, including Ranhill Utilities, Carlsberg Malaysia, Heineken Malaysia
Farm Fresh, MST Golf, Dialog and Samchem, Apex Research said.
Ranhill Utilities BhdNet profit for 2Q23 jumped 72.22% to RM12.06 million.
Carlsberg Brewery Malaysia Bhd posted a slightly lower net profit of RM88.24 million in 2Q23.
Heineken Malaysia Bhd’s 2Q23 net profit increased 5.11% to RM90.47 million.
Abrdn plc became Fresh Farm Bhdmajor shareholder of after the purchase of 93.84 million shares or a stake of 5.013%.
MST Golf Group Bhd recorded a net profit of RM4.01 million on revenue of RM75.94 million for 2Q23.
Bhd Dialogue GroupNet profit for 4QFY23 increased 7.21% to RM126.78 million.
Samchem Holdings Bhd2Q23 net profit fell 70% to RM5.4 million.
The US market plunged overnight, dragged down by bank stocks after Fitch warned it could downgrade the credit ratings of dozens of banks.
Earlier, European markets also fell after higher wage data in the UK, lower-than-expected retail sales and industrial production in China and Russia raising interest rates to stabilize its currency.
In the local market, the FBM KLCI index remained stable after gaining 3.28 points or 0.23% to 1,460.28 points.
“After the national elections which saw the status quo, the FBM KLCI may remain below the resistance of 1,465 points in search of a new direction,” Apex said.
