KUALA LUMPUR: Pharmaniaga Bhd, Microlink Solutions Bhd, Hap Seng Consolidated Bhd, and Zhulian Corp Bhd are among the top stocks to keep an eye on this Thursday, according to Apex Securities.
Pharmaniaga has recently secured a lucrative seven-year concession agreement with the Ministry of Health (MOH) to offer comprehensive medical supply logistics services.
Microlink Solutions has been awarded a contract worth RM28.97 million by the National Audit Department. The contract entails the development of a data warehouse, audit analytics application, audit dashboard, as well as hardware and other supporting infrastructure.
Hap Seng Consolidated is involved in a related party transaction where they will be selling Richmore Development Sdn Bhd, a hotel operator, for a cash sum of RM51 million.
Zhulian Corp Bhd experienced a slight decline of 4.32% in net profit for the second quarter of FY24, settling at RM9.45 million.
On the global front, the Dow Jones Industrial Average closed 0.25% higher at 34,347.43 points, while the S&P 500 gained 0.74% to reach 4,472.16 points. The Nasdaq saw a significant jump of 1.15% to settle at 13,918.96 points.
According to Apex Securities, following the recent rebound, the FBM KLCI is expected to consolidate below the resistance level of 1,437 points.
Credit: The Star : Business Feed
