Stocks in focus on Monday include Top Glove, Kossan Rubber, MAHB, UMW, Nova MSC, Waja Konsortium and Jetson, said Apex Research.
Top Glove Corp Bhd, which posted its first-ever annual loss of RM926.64 million in the financial year ended Aug 31, 2023 (FY2023), is expecting to turn around its business in the next six to 12 months.
Kossan Rubber Industries Bhd’s founding Lim family appeared to have sold some of their direct shareholdings in the listed entity to one of the glove-making group’s executive director Tan Kong Chang.
Malaysia Airports Holdings Bhd (MAHB) announced that its managing director (MD) and group chief executive officer (group CEO) Datuk Seri Iskandar Mizal Mahmood will be stepping down from his role upon expiration of his two-year contract on Oct 24.
UMW Holdings Bhd is disposing of a 26% stake in an industrial equipment (IE) arm to Toyota Industries Corp (TICO) for RM260 million, as part of an agreement to collaborate in the IE business in Malaysia, Singapore, Vietnam and China.
NOVA MSC Bhd plans to undertake a private placement exercise of 10% of its share base to raise up to RM23.81 million for its working capital as well as for its web-based platform Vesalius, which helps healthcare groups implement a centralised system across multiple hospitals, to develop a healthcare solution.
Waja Konsortium Bhd has proposed to undertake a private placement of up to 30% of its issued shares to raise up to RM31.67 million, mainly to fund its construction business and working capital requirement.