KUALA LUMPUR: Hwang DBS Vickers Research said key U.S. equity bellwethers shed between 0.1% and 0.9% at the closing bell on Thursday, Jan 13 due to the higher-than-expected initial jobless claims.
It said on Friday, Jan 14 the FBM KLCI will probably take the cue from the Wall Street's performance last night with some profit taking activities after seeing a two-day rally.
'The benchmark index may range-bound with a slight downside bias. Nevertheless, we think the index will remain firm above its support level of 1,550,' it said.
The stocks to watch'' are Suria Capital, after its wholly owned subsidiary and consortium partners have been awarded a RM1 billion EPCC contract for a power plant project in Sabah.
Alsoin focus will be water CONSTRUCTION [] specialists such as George Kent, Ranhill, Gamuda and MMC as the federal government is expected to call for tenders for the construction of Langat 2 water treatment plant in Selangor after the state government has agreed to the project.
It said on Friday, Jan 14 the FBM KLCI will probably take the cue from the Wall Street's performance last night with some profit taking activities after seeing a two-day rally.
'The benchmark index may range-bound with a slight downside bias. Nevertheless, we think the index will remain firm above its support level of 1,550,' it said.
The stocks to watch'' are Suria Capital, after its wholly owned subsidiary and consortium partners have been awarded a RM1 billion EPCC contract for a power plant project in Sabah.
Alsoin focus will be water CONSTRUCTION [] specialists such as George Kent, Ranhill, Gamuda and MMC as the federal government is expected to call for tenders for the construction of Langat 2 water treatment plant in Selangor after the state government has agreed to the project.
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