KUALA LUMPUR : Chin Hin, Magni-Tech Industries, and Bintai Kinden could see some exchanging enthusiasm on Monday after their late corporate news, says JF Apex Research.
Button Hin’s unit Sage Evergreen Sdn Bhd arrangements to purchase a bit of freehold area in Kota Tinggi, Johor for RM22mil to extend its generation limit.
Concerning Magni-Tech Industries, the gathering’s 1QFY17 net benefit rose 51.1% on-year to RM23.5mil as its piece of clothing division’s benefit before expense rose 54.2% for the most part because of higher income and remote trade pick up. It was additionally supported by higher income and lower working costs from the bundling division.
Bintai Kinden, the gathering acknowledged a letter of aim from Riverview Company Ltd for a RM32.56mil subcontract including mechanical, electrical, pipes and putting out fires works in Vietnam.
Last Friday, US markets shut lower drove by money related and vitality counters as swelling surpassed desire. Likewise, European stocks were hit by saving money counters.
Last Thursday, the FBM KLCI lost 8.40 focuses too close at 1,652.99. After a week ago’s negative execution, the FBM KLCI could combine over the backing of 1,650.
Financial specialists will likewise be taking a gander at the result of US Federal Reserve meeting this week on any rate trek. The meeting begins on Wednesday.