Stocks to watch & the bad guy!

Among stocks to watch are Allianz Malaysia Bhd after the group proposed an interim dividend of 63 sen per share for the financial year ended Dec 31, 2021 (FY21).

Land & General Bhd is buying a 3.55-acre leasehold land within the main commercial centre of Bandar Puchong Jaya for RM68.04 million.

Muhibbah Engineering (M) Bhd is planning to raise up to RM128.46 million through a rights issue for partial repayment of the group’s revolving credit facilities and its working capital.

Ecomate Holdings Bhd reported a net profit of RM2.62 million for its third quarter ended Nov 30, 2021.

The Bad Guy

Serba Dinamik Holdings Bhd‘s securities on Bursa Malaysia will remain suspended until further notice as it has not complied with Bursa Securities’ directive to make an announcement on the findings from the factual findings update on the special independent review.