KUALA LUMPUR: JF Apex Research expects Glomac, highway concessionaires, Parkson, Icon Offshore and Metrod to be among the stocks which could see trading interest on Tuesday.
It said Glomac is selling 16.9ha of freehold land in Ulu Langat, Selangor to Perbadanan PR1MA Malaysia for RM145.59mil cash.
Highway concessionaires such as Silk, Litrak, Gamuda, IJM, Ekovest, MTD ACPI will continue to see trading interest after toll rates along several major highways will go up between 10 sen and RM4.70 from Thursday.
Meanwhile, Parkson failed to get shareholders’ nod for its proposed reorganization exercise while Icon Offshore's subsidiary terminated a shipbuilding contract.
Metrod is buying a five-star hotel in India for RM331mil while Lay Hong scrapped its private placement and it is mulling a fund raising exercise.
JF Apex Research said overnight US markets ended slightly higher as investors await the quarterly earnings season to begin on Wednesday. European stocks closed mixed as oil price declined.
At Bursa Malaysia, the FBM KLCI added 3.32 points to close at 1,709.86 after recovering from intraday losses.
“Following the slower ascend in US markets, we expect the index to consolidate below the resistance of 1,740,” it said.
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