KUALA LUMPUR: Hwang DBS Vickers Research said investors may be cautious with limited news flows on Wednesday, Dec 15.
'We expect our benchmark index FBM KLCI to trade within a tight range towards a slight negative bias. However, we expect the FBM KLCI barometer to stay above the psychological mark of 1,500,' it said.
On Wall Street, the key indices extended their resilience rising between 0.1% and 0.4%. This was supported by better-than-expected retail sales and after the U.S. Federal Reserve said it will maintain the US$600 billion programme of debt purchases to support economic recovery during the Federal Reserve's Open Market Committee (FOMC) meeting on Tuesday night.
Hwang DBS Vickers Research said selective counters that may attract interest are:
(a) YTL Power, which has acquired a 30% stake (costing US$5b) in Estonian state oil company Eesti Energia's oil shale project in Jordan;
(b) TIME dotCom, which has won a 10-year contract worth RM139m from DiGi.Com to provide high-speed backhaul capacity and maintain the links between its aggregation wireless towers and its mobile switching centres; and
(c) Hiap Teck Venture as it unveiled its plan to raise about RM800 million to build a blast furnace in Terengganu.
'We expect our benchmark index FBM KLCI to trade within a tight range towards a slight negative bias. However, we expect the FBM KLCI barometer to stay above the psychological mark of 1,500,' it said.
On Wall Street, the key indices extended their resilience rising between 0.1% and 0.4%. This was supported by better-than-expected retail sales and after the U.S. Federal Reserve said it will maintain the US$600 billion programme of debt purchases to support economic recovery during the Federal Reserve's Open Market Committee (FOMC) meeting on Tuesday night.
Hwang DBS Vickers Research said selective counters that may attract interest are:
(a) YTL Power, which has acquired a 30% stake (costing US$5b) in Estonian state oil company Eesti Energia's oil shale project in Jordan;
(b) TIME dotCom, which has won a 10-year contract worth RM139m from DiGi.Com to provide high-speed backhaul capacity and maintain the links between its aggregation wireless towers and its mobile switching centres; and
(c) Hiap Teck Venture as it unveiled its plan to raise about RM800 million to build a blast furnace in Terengganu.
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