JF Apex Research expects Daibochi Plastic and Packaging Industry Bhd, Yong Tai Bhd, Cuscapi Bhd, Ho Wah Genting Bhd and SCGM Bhd to be among the stocks to watch on Thursday after their corporate news.
It said Daibochi’s second quarter FY16 net profit fell 15.5% year-on-year to RM6.08mil, on higher operating costs driven by the group’s revised wage policy in January, less favourable product mix and higher production wastage.
As for Yong Tai, the group was despatching a circular to its shareholders on its proposed corporate exercise to bring in Hong Kong-listed Sino Haijing Holdings Ltd as a new substantial shareholder.
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It said Daibochi’s second quarter FY16 net profit fell 15.5% year-on-year to RM6.08mil, on higher operating costs driven by the group’s revised wage policy in January, less favourable product mix and higher production wastage.
As for Yong Tai, the group was despatching a circular to its shareholders on its proposed corporate exercise to bring in Hong Kong-listed Sino Haijing Holdings Ltd as a new substantial shareholder.
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