KUALA LUMPUR: Stocks to watch for on Monday include Boustead, Bumi Armada, UMW, Kumpulan Perangsan Selangor, Mulpha, CSC Steel, Senheng, Keck Seng, Paramount, Sunsuria, Maybulk, Padini, among others, said JF Apex Research.
Stocks to watch for with improved quarterly results include Boustead, Bumi Armada, UMW, Kumpulan Perangsan Selangor, Mulpha, CSC Steel, Senheng, Keck Seng, Paramount, Sunsuria, Maybulk, and Padini.
Companies with lower quarterly profit namely, Axiata, Petronas Gas, Capital A, Greatech, Yong Tai, AME Lite, Ranhill, Cahya Mata Sarawak, Ann Joo, and IWCity.,
Meanwhile, Caely Holdings is suing its former managing director and his wife to recover alleged misappropriated funds amounting to RM30.55 million.
JF Apex said the FBM KLCI could retrace towards its suport 1,475 points following the bearish sentiment on Wall Street.
The US market plummeted on Friday after the Federal Reserve chairperson's speech reiterated a tough stance against inflation, signaling higher interest rates.
Similarly, European stocks declined sharply after the Fed's aggressive stance against inflation.