Among the issues which investors are hoping Najib will address are the revamp of the Foreign Investment Committee requirements and how the government is stepping up efforts to attract more foreign investors.

Corporate leaders will also be at Invest Malaysia to provide updates to the investing community, including fund managers and analysts.

Stocks to watch include Selangor-water related counters Puncak Niaga and KPS following the latest developments towards the State Government’s revised offer.

KPS told Bursa Malaysia that Konsortium Abass has accepted the Selangor government’s offer of RM946 million inclusive of liabilities to be assumed by the state government.

However, Puncak Niaga said it could not accept the offer price of RM1.93 billion for its unit.

Puncak’s 70% owned subsidiary, Syarikat Bekalan Air Sdn Bhd (Syabas), said the latter’s board and shareholders were unable to arrive on a decision on the offer price of RM3.36 billion.

AirAsia has proposed to place out 20% of its paid-up. Based on its paid-up of 2.375 billion shares, that could work out to 593.8 million shares.

Berjaya Corp Bhd registered a RM113.91 million loss in the fourth quarter ended April 30, 2009, versus a net profit of RM225.89 million in 4QFY08, mainly due to impairment losses amounting to RM90.4 million.

The impairment losses were in investments of jointly-controlled entities, and certain investments in associated companies and quoted securities which were impacted by the global stock market downturn.

JAKS, whose shares had rallied on expectations of new contracts including water-related jobs in the Selangor-Pahang Water Transfer, returned to the black in the second quarter ended April 30.

JAKS posted net profit of RM142,000 in the second quarter ended April 30, 2009 from RM202,000 a year ago due to lower selling price for steel and lower margins. Group turnover rose 24.5% to RM81.31 million due to higher recognition of works done for certain projects in the construction division. Pre-tax profit rose 187% to RM544,000.

Talam's long awaited debt restructuring is near completion. Its 1.287 billion redeemable convertible preference shares (RCPS) of 20 sen each will be listed and quoted on July 1. Talam’s 1.529 billion redeemable convertible secured loan stock (RCSLS) will also be listed on the same day.

Meanwhile, Kumpulan Europlus is acquiring financial instruments of Talam of a total nominal value of RM423.35 million from Abrar Discounts totalling at RM125 million.