KUALA LUMPUR: Hwang DBS Vickers Research said on Wednesday, Jan 19 that the FBM KLCI, after coming under selling pressure the previous day, could more than recover the 4.5-point loss.
It said lifting investors' morale would be the overnight rise on Wall Street. Key U.S. equity indices were up between 0.1% and 0.4% at the closing bell boosted by commodity stocks and initiatives taken by policy makers to contain the European debt crisis.
Hwang DBS Vickers Research said in terms of individual corporate developments, the focus will be on: (a) Pos Malaysia after its major shareholder Khazanah Nasional said it would be calling for bids to acquire its 32% stake in the company as early as this week;
(b) Dayang, which has just fixed its issue price for a rights issue at RM1.10 each, representing a steep discount of 48% to a theoretical ex-all price of RM2.12 (derived from yesterday's closing price of RM2.97); and
(c) K. Seng Seng, a manufacturer of secondary stainless steel products, is slated to make its debut listing on the Main Market.
Tenaga is scheduled to release its Sep ' Nov 10 quarterly results after 5pm.
It said lifting investors' morale would be the overnight rise on Wall Street. Key U.S. equity indices were up between 0.1% and 0.4% at the closing bell boosted by commodity stocks and initiatives taken by policy makers to contain the European debt crisis.
Hwang DBS Vickers Research said in terms of individual corporate developments, the focus will be on: (a) Pos Malaysia after its major shareholder Khazanah Nasional said it would be calling for bids to acquire its 32% stake in the company as early as this week;
(b) Dayang, which has just fixed its issue price for a rights issue at RM1.10 each, representing a steep discount of 48% to a theoretical ex-all price of RM2.12 (derived from yesterday's closing price of RM2.97); and
(c) K. Seng Seng, a manufacturer of secondary stainless steel products, is slated to make its debut listing on the Main Market.
Tenaga is scheduled to release its Sep ' Nov 10 quarterly results after 5pm.
No comments:
Post a Comment