KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) said with market breadth likely to come in mixed, investors will be looking out for individual share price reactions arising from corporate developments on Tuesday, Jan 18.
It said there was no overnight lead from abroad as Wall Street was closed for a public holiday.
'Still, this may pave the way for the benchmark FBM KLCI on our Malaysian bourse to continue its sideways performance, possibly making its way slowly towards the immediate resistance line of 1,585,' it said.
HDBSVR said stocks which could see trading interest were Hing Yiap, following an unconditional takeover offer to buy the remaining company shares at a cash offer price of RM1.50 per share (which is below its current market price of RM1.79 and NAV per share of RM2.35 as of end-Sep 10.
Others which could be in focus were Malaysia Smelting Corp, as its shares would probably start trading on the Singapore stock exchange by end of this month under a secondary listing arrangement. Tambun Indah Land, a Penang-based property developer will be listed on the Main Market.
It said there was no overnight lead from abroad as Wall Street was closed for a public holiday.
'Still, this may pave the way for the benchmark FBM KLCI on our Malaysian bourse to continue its sideways performance, possibly making its way slowly towards the immediate resistance line of 1,585,' it said.
HDBSVR said stocks which could see trading interest were Hing Yiap, following an unconditional takeover offer to buy the remaining company shares at a cash offer price of RM1.50 per share (which is below its current market price of RM1.79 and NAV per share of RM2.35 as of end-Sep 10.
Others which could be in focus were Malaysia Smelting Corp, as its shares would probably start trading on the Singapore stock exchange by end of this month under a secondary listing arrangement. Tambun Indah Land, a Penang-based property developer will be listed on the Main Market.
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