KUALA LUMPUR : UMW Oil and Gas, Sasbadi, Perisai Petroleum, TH Heavy Engineering (THHE) and Destini are among the stocks which could see exchanging activity on Friday after their corporate news, says JF Apex Research.
UMW Oil and Gas secured an agreement from vitality firm Hess Exploration and Production Malaysia BV of the Netherlands to give boring apparatus administrations.
With respect to Sasbadi, the examination house said the gathering has secured an agreement from the Ministry of Education to supply Lego Education apply autonomy sets to schools.
JF Apex Research said Perisai Petroleum’s backup has defaulted on its financing office of US$20.5mil (RM85.97mil) from OCBC Al-Amin Bank Bhd.
THHE and Destini have collaborated to seek after a shipbuilding contract involving the supply of three seaward watch vessels for the Malaysian Maritime Enforcement Agency.
Overnight on Wall Street, US markets finished lower overnight after a huge number of corporate profit and monetary information and in addition selloff in worldwide sovereign securities.
European stocks were blended in the midst of higher oil costs and national banks in Norway and Sweden kept loan fees unaltered.
At Bursa, the FBM KLCI lost 4.89 focuses to 1,669.03, turning around the post-Budget picks up on Monday.
“Taking after the dreary execution in the US and Europe, the FBM KLCI could proceed with its slide with support at 1,650,” it said.
Our Recommendations for KLSE Trader.
KLSE INTRADAY SIGNALS : BUY DRBHCOM AT 1.40 TARGET 1.44, 1.49 SL 1.34
1.40 TO 1.50TAK UP.