KUALA LUMPUR My EG Services Bhd, Dutch Lady Milk Industries Bhd, Eco World Development Group Bhd, VS Industry and Perak Corporation Bhd are among the stocks to watch on Friday after their corporate news, JF Apex Research says. MyEG cancelled 100 million of its treasury shares while Dutch Lady will invest RM340mil to construct new manufacturing facilities in Bandar Enstek, Negeri Sembilan. EcoWorld Malaysia and its 27%-owned World International Bhd (EWI) have set a combined sales target of RM5bil for the financial year ending Oct 31,2021. VS Industry’s net profit climbed 38.7% to RM66.68mil in the first quarter ended Oct 31,2020. Perak Corp proposed a debt restructuring with its creditors to uplift itself from its Practice Note 17 (PN17) status. Metronic Global Bhd plans to raise up to RM33.94mil — almost a quarter of its current market capitalisation of RM141.52mil — through a private placement of up to 373.74 million shares or 30% of its issued shares.
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