KUALA LUMPUR (May 27): Based on corporate news flows and announcements, stocks in focus on Tuesday (May 28) may include: GD Express Bhd (GDex), Hibiscus Petroleum Bhd, Malakoff Corp Bhd, Utusan Melayu (M) Bhd, Deleum Bhd, IHH Healthcare Bhd, Press Metal Aluminium Holdings Bhd, MGB Bhd, KNM Group Bhd and Nova Pharma Group Bhd. For the nine months ended March 31, 2019 (9MFY19), net profit rose 32.03% to RM22.58 million from RM17.11 million. Deleum Bhd’s 1QFY19 net profit doubled to RM2.81 million from RM1.4 million registered a year ago due to a lower tax expense. KNM Group Bhd has won three contracts in Vietnam, Belgium and Johor worth RM97.72 million in total. Nova Pharma Solutions Bhd (NPS) has entered a joint venture cum shareholders agreement (JVSA) with Acara Juara Sdn Bhd (AJ) to jointly invest in, establish, and operate a total engineering solutions business, under a special purpose vehicle (SPV) tentatively called Nova HiTech Solutions Sdn Bhd.

Source: The Edge Markets May 27, 2019 16:18 UTC