Among the stocks to watch are Axiata Group, PLANTATIONs, Favelle Favco and SILK Holdings.
Axiata's PT Excelcomindo Pratama Tbk plans to undertake a rights issue to raise about US$300 million.
Axiata said the main factor for the capital raising was to reducing the gearing of XL's balance sheet in order to maintain financial flexibility and maintain a strong balance sheet and credit profile
Meanwhile, crane maker FAVELLE FAVCO BHD [ FAVCO 0.985 0.000 (0.000%) ], which had fallen below investors' radar screens for more than a year, could see some interest again.
Its units Favelle Favco Cranes (M) Sdn Bhd and Favelle Favco Cranes Pte Ltd bagged four contracts with a combined value of RM54 million.
Highway concessionaire SILK Holdings could be in focus also after the disposal of about 14 million SILK shares by Cerah Sama Sdn Bhd late last month.
PANTECH GROUP HOLDINGS BHD [ PANTECH 0.905 0.035 (4.023%)
]'s unit received the requisite approvals from the European Union Commission to export its steel products to the European Union (EU).
The country's first Special Economic Zone (SEZ) in Pekan, Pahang was launched on Aug 4 by the Prime Minister to generate investments of RM90 billion by 2020 and creating 220,000 new jobs.
This could see rising interest in CONSTRUCTION [ CONSTRUCTION 226.470 -0.330 (-0.146%) ] companies, especially those which are based in the east coast, in expectations they could be bidding for projects.
The SEZ, which is part of the East Coast Economic Region (ECER), is an integrated development zone with special incentives to attract investments and boost economic activities. The SEZ stretches from Kertih, Chukai, Kuantan Port City, Kuantan, Gambang to Pekan.
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