KUALA LUMPUR: Stocks to watch on Monday include Toyo Ventures Holdings Bhd, Dagang Nexchange Bhd
(DNeX), PLS Plantations Bhd, SC Estate Builder Bhd and FGV Holdings Bhd, according to JF Apex Research.
Toyo Ventures has entered into an investment and development agreement with its wholly-owned subsidiary Toyo Ink Group Bhd and also China Energy Engineering Investment Corporation Ltd for the development of the Song Hau 2 Thermal Power Plant project in Vietnam.
DNeX is acquiring an additional 60% of the issued share capital in Ping Petroleum Ltd for US$78mil (RM314.3mil), as the group looks to further strengthen its presence in the upstream oil and gas (O&G) segment.
PLS Plantations has proposed to place out 19 million new shares in the durian planter to CIMB Group Holdings Bhd's ex-chairman Datuk Seri Nazir Razak at 95 sen each under a private placement of up to 10% of the total number of issued shares in the company to improve its public shareholding spread and raise money to finance the expansion of its existing business.
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