KUALA LUMPUR: Companies with recent corporate announcements that could see share price movement include Genting Malaysia, Parkson, Sunview, Unisem, ViTrox, Titan, United Plantations, Kossan Rubber Industries, Guocoland, Ramssol, China Ouhua, IGB REIT, Kelington and TT Vision, said Apex Research.

Genting Malaysia Bhd (GenM) expects an estimated gain on disposal of RM4.289 billion from the disposal of four parcels of land in Miami for RM5.433 billion.

Parkson Holdings Bhd, said its wholly-owned unit Parkson Vietnam Co Ltd is filing for voluntary bankruptcy.

Sunview Group Bhd’s indirect wholly-owned unit, Vafe System Sdn Bhd, inked an agreement to acquire a 20% stake in Winstar Aluminium Manufacturing Sdn Bhd from Chua Nyok Chong for RM12 million.

Unisem (M) Bhd’s net profit plunged 80.56% to RM9.86 million for 1QFY23.

Vitrox Corp Bhd saw its net profit decline 34% year-on-year (y-o-y) to RM32.99 million for 1QFY23.

Lotte Chemical Titan Holding Bhd posted a net loss of RM224.76 million for 1QFY23.

United Plantations Bhd’s 1QFY23 net profit surged 87.78% to RM112.1 million.

Kossan Rubber Industries Bhd posted a net loss of RM24.25 million for 1QFY23.

Guocoland to dispose of land in Melaka for RM19 million.

Ramssol’s 1Q23 net profit doubles to RM2.1 mil, China Ouhua’s external auditor flags going concern over FY2022 financial statements.

IGB REIT’s 1Q23 property income up 10%, Kelington bags RM102 mil UHP jobs in Singapore.

TT Vision clinches RM6 mil contract from solar giant.

Meanwhile, Apex said the FBM KLCi could extend its gains above the support of 1,393 points

The US market rallied overnight led by technology counters following better-than-expected corporate results.

Earlier, European stocks also climbed after strong earnings by banking counters.

Investors will be looking forward to economic announcements today such as personal income and spending, core prices and consumer sentiment.