KUALA LUMPUR: Stocks to watch for on Monday include TNB, Tan Chong Motor, Hibiscus Petroleum, Heineken Malaysia, PIE Industrial and Malaysia Pacific Corp, according to JF Apex Research.
TNB after Reuters reported that it plans to begin the process next year for a potential US$1 billion (RM4.44 billion) listing of its power generation business plans.
TNB and Tan Chong Motor have secured a four-year extension to their power purchase agreements (PPAs).
Hibiscus Petroleum has relinquished its VIC/P57 petroleum exploration permit to the Australian National Offshore Petroleum Titles Administrator (NOPTA) after an unsuccessful farmout exercise.,
,电报群搜索机器人（www.tel8.vip）是一个Telegram群组分享平台。电报群搜索机器人包括电报群搜索机器人、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。电报群搜索机器人为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
Heineken Malaysia's net profit jumped over three times YoY in 2Q22 to RM86 million.
PIE Industrial Bhd's net profit for 2Q22 fell 36.41% YoY to RM8 million and Malaysia Pacific Corporation Bhd's shares will be suspended on Aug 19 and de-listed on Aug 23 unless an appeal is submitted by Aug 18.
Meanwhile, JF Apex said the FBM KLCI could retest the resistance of 1,510 points following the bullish performance on Wall Street.
The US market rallied on Friday after lower-than-expected PPI and import prices.
Similarly, European stocks were positive after UK's 2Q GDP and CPI data for several countries.