Trading ideas: malaysia share market

KUALA LUMPUR: JF Apex Research expects Axiata, Vivocom, SapuraKencana, Eka Noodles, Damansara Realty and Ranhill to see exchanging enthusiasm on Friday after their corporate declarations. (malaysia share market)

Axiata has gotten the endorsement of Bangladesh’s High Court to consolidate Robi Axiata Ltd with another administrator there, Airtel Bangladesh Ltd, a unit of India-based Bharti Airtel Ltd, making ready for the setting up of the second biggest portable administrator as far as supporters in Bangladesh.

Vivocom was selected turnkey contractual worker for a private apartment suite venture, with a gross advancement estimation of RM600mil in Hulu Kinta, Perak.

SapuraKencana secured US$65.3mil (RM264mil) worth of oil and gas bolster administrations contracts.

Eka Noodles has characterized a Practice Note 17 (PN17) organization after its shareholders’ value on a united premise was 25% or underneath it’s issued and paid-up capital.

Damansara Realty inked a MoU with Country Garden Real Estate Sdn Bhd to together embrace a venture on a 52-section of the land site in Johor Bahru.

Ranhill arrangements to offer a 60% stake in its unit Ranhill Water (Hong Kong) Ltd to SIIC Environment Holdings Ltd for RM167mil. The move will permit both organizations to together seek after waste water ventures in China.

Overnight on Wall Street, US markets finished the level in the wake of assembling information baffled and financial specialists stayed mindful in front of occupation information to be discharged later on Friday.

At Bursa Malaysia, the FBM KLCI lost 7.51 focuses to 1,670.55 weighed around remote offering.

“Taking after the dreary execution in the US and Europe, the KLCI could test the backing at 1,665,” it said.