KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFirst REIT), Telekom Malaysia Bhd (TM) and Raya International are among the stocks which could see exchanging enthusiasm on Tuesday, as indicated by JF Apex Research.JF Apex likewise expects Southern Steel, Hup Seng and Samchem Holdings to see exchanging enthusiasm after their corporate news and budgetary results.
AmFIRST REIT saw its net property pay in second quarter FY17 rose 23.6% year-on-year primarily determined by extra income from the recently gained Mydin Hyper Mall in Penang and in addition higher inhabitance and rental inversion in Menara AmBank. TM has marked a 15-year contract worth RM916.1mil to give computerized earthbound TV broadcasting foundation, organize offices and related administrations to MYTV Broadcasting Sdn Bhd.
Raya International arrangements to get two oil tankers for RM6mil to bolster its bunkering administration business by means of the issuance of shares, and money raised through continues from a proposed right issues with warrants. In the interim, Southern Steel came back to the dark in its 1QFY17 with a net benefit of RM19.3mil against a net loss of RM51.91mil a year prior, because of higher offering cost and lower cost Hup Seng, the gathering’s 3QFY16 net benefit slid 14% year-on-year, for the most part because of higher information costs, and quickening working costs. Samchem’s 3QFY16 net benefit grew 2.7 times to RM3.2mil because of higher deals and overall revenue.