KUALA LUMPUR: JF Apex Research expects MISC Bhd , Chemical Co of Malaysia Bhd (CCM), Malaysia Steel Works (KL) Bhd (Masteel), Power Root Bhd and Sime Darby Bhd to be among the stocks to watch on Monday. JF Apex said CCM, Masteel posted better year-on-year quarterly net profits whilst Power Root, Brahim’s, Pestech, E&O, Sime Darby, Ann Joo , IHH, Perisai recorded weaker year-on-year net earnings. CCM’s net profit rose 21.3% to RM9.98mil in the first quarter ended March 31, 2018 (1QFY18) from RM8.23mil a year ago. Masteel saw a 25.8% increase in net profit for the first quarter ended March 31, 2018 to RM17.72mil, compared with RM14.08mil a year ago. Power Root slipped into the red in its fourth quarter ended March 31, 2018 (4QFY18) with a net loss of RM9.51mil.

Source: The Star May 28, 2018 01:30 UTC