KUALA LUMPUR: Bermaz Auto, Poh Kong Holdings, UMW Holdings, Berjaya Land, BIMB Holdings and AirAsia Group are among the stocks to watch on Friday, JF Apex Research says. Bermaz Auto’s net profit for the second quarter ended Oct 31,2020 rose 22% year-on-year to RM24.79mil from RM20.39mil, boosted by an improvement in domestic sales. As for Poh Kong Holdings, its net profit jumped 81.1% to RM14.64mil in the first quarter ended Oct 31,2020, from RM8.08mil a year ago. JF Apex Research pointed out UMW Holdings Bhd’s automotive segment is on track to meet its full-year sales target, supported by strong sales in November 2020 by both subsidiary UMW Toyota and associate Perodua. Meanwhile, Berjaya Land, controlled by tycoon Tan Sri Vincent Tan, has continued to accumulate shares in convenience store chain operator 7-Eleven Malaysia Holding over the past three months. BIMB Holdings Bhd has obtained approval from the Minister of Finance and Bank Negara Malaysia for its proposed internal reorganisation and distribution and capital repayment, which will pave the way for the transfer of its listing to its subsidiary, Bank Islam Malaysia Bhd, Cymao Holdings Bhd responded to Bursa Malaysia's unusual market activity query saying the group is in the final stage of discussion with several parties on a potential new viable business venture to reduce the plywood maker's reliance on its core business and AirAsia Group Bhd group CEO Tan Sri Tony Fernandes was quoted as saying that the company is currently in discussion with India-based conglomerate Tata Group on the future of their joint venture, AirAsia (India) Ltd.
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