KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) said the FBM KLCI, after showing a positive performance on Wednesday, Dec 8, it would probably continue to range-bound with a marginal upward bias on Thursday.
The research house said technically, the immediate resistance level stands at 1,525 while the downside will be supported at 1,495 level.
Meanwhile, major U.S. equity barometers ended in the positive territory -- up between 0.1% and 0.4% at the closing bell ' lifted by optimism on a potential extension of tax cuts and AIG's planned repayment of the Fed's credit facilities extended in 2008 to bail out the insurer.
In terms of individual company developments, investors are expected to focus on: (a) DRB-HICOM as media reported that Tan Sri Syed Mokhtar is contemplating a privatization of the conglomerate with a potential offer price comparable to its net tangible asset of RM2.50 as at Sept 10; (b) Dayang following the announcement of the disposal of its 40% stake in Borcos for RM135 million cash.
The research house said technically, the immediate resistance level stands at 1,525 while the downside will be supported at 1,495 level.
Meanwhile, major U.S. equity barometers ended in the positive territory -- up between 0.1% and 0.4% at the closing bell ' lifted by optimism on a potential extension of tax cuts and AIG's planned repayment of the Fed's credit facilities extended in 2008 to bail out the insurer.
In terms of individual company developments, investors are expected to focus on: (a) DRB-HICOM as media reported that Tan Sri Syed Mokhtar is contemplating a privatization of the conglomerate with a potential offer price comparable to its net tangible asset of RM2.50 as at Sept 10; (b) Dayang following the announcement of the disposal of its 40% stake in Borcos for RM135 million cash.
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