KUALA LUMPUR (June 11): Based on corporate announcements and news flows today, the stocks that are expected to be in focus tomorrow (Wednesday, June 12) might be as follows: Malaysia Building Society Bhd (MBSB), Ikhmas Jaya Group Bhd, Xin Hwa Holdings Bhd and E.A. Technique BhdMalaysia Building Society Bhd (MBSB) will restructure itself so that wholly-owned subsidiary MBSB Bank Bhd will be the group’s holding company in the next two years. Separately, for FY19, the group is targeting more than 5% loan growth, with non-performing loan (NPL) ratio to be 1.2% to 1.3%. Ikhmas Jaya Group Bhd won a RM405 million subcontract for the construction and completion of LRT 3 from Bandar Utama to Johan Setia, Package GS09 — Guideway, Stations, Park and Ride, Ancillary Buildings and Other Associated Works. Xin Hwa Holdings Bhd external auditors KPMG revealed that the company’s funds were used to settle its executive directors’ personal expenses over the past two years.

Source: The Edge Markets June 11, 2019 14:37 UTC