KUALA LUMPUR: JF Apex Research expects Hovid, KKB Engineering, Wintoni, PDZ, Parkson and Kumpulan Jetson to be trading action on Tuesday after the latest corporate news.It said Hovid’s plant in Chemor, Perak was reissued the manufacturing licence by the government after a two-month halt.As for KKB Engineering, it bagged two contracts worth RM100.7m. Meanwhile, Techway Engineering plans a backdoor listing through Wintoni. The research house said PDZ has proposed to raise RM43.5mil through a rights issue and free warrants. Overnight on Wall Street, US markets closed lower, dragged by banking and materials counters as the Federal Reserve is expected to raise the interest rate this month. In Europe, European stocks also ended lower following China's expected slower growth.

Source: The Star March 07, 2017 00:57 UTC