KUALA LUMPUR: Stocks to watch on Monday include Widad Group Bhd , Alam Maritim Resources Bhd , ATA IMS Bhd , IOI Corp Bhd and Pharmaniaga Bhd , according to JF Apex Research. Alam Maritim and its wholly-owned subsidiary Alam Maritim (M) Sdn Bhd secured the required court orders to facilitate the group's restructuring plan by way of a scheme of arrangement with its creditors. IOI Corp, Pharmaniaga, PIE, Pecca, Inari, JAKS Resources, Choo Bee, Excel Force , Pintaras Jaya , New Hoong Fatt recorded better year-on-year quarterly results. IOI’s net profit surged to RM401.3mil in its latest financial quarter ended March 31, 2021 (3QFY21), from RM100,000 in the corresponding financial quarter last year. On the other hand, Advancecon, Perdana Petroleum, Only World posted weaker year-on-year quarterly results.

Source: The Star May 24, 2021 01:15 UTC