KUALA LUMPUR: IHH Healthcare Bhd, JHM Consolidation Bhd
and Ipmuda Bhd
are among the stocks to watch on Monday, according to JF Apex Research.
IHH Healthcare said it is ready to administer the coronavirus vaccine, once they are rolled out in the 10 countries it operates in.
Its managing director and CEO Dr Kelvin Loh Chi-Keon said the company has a trained staff count of 55,000 across 80 hospitals it runs from Turkey to Singapore, as well as cold-storage facilities required to store the shots.
JHM is acquiring a 5.59ha vacant leasehold land in Penang for RM27.06mil, cash, to expand its business into the manufacturing of telecommunication equipment.
Ipmuda, which was slapped with an unusual market activity query by the bourse earlier, highlighted recent changes in its board of directors, substantial shareholders’ shareholdings, as well as contract wins in its response to stock exchange.
Meanwhile, US stocks ended lower on Friday as the outlook for additional fiscal stimulus remained uncertain.
European stocks closed lower amid stalling US fiscal stimulus and the deadlock over Brexit talks.
“We expect profit taking activities to weigh on the local bourse today with our support level of 1,615 points and resistance level of 1,695 points,” JF Apex said.