KUALA LUMPUR: JF Apex Research expects Handal Resources, SEG International, Borneo Aqua and Anzo to be among the stocks which could see some trading action on Friday.
Handal Resources has bagged a contract from ExxonMobil Exploration and Production Malaysia Inc to provide offshore crane maintenance services.
The research house pointed out SEG International has proposed a five-for-seven bonus issue of up to 516.82 million shares.
As for Borneo Aqua Harvest, it plans to issue up to 325.67 million free warrants on the basis of one free warrant for every two existing shares to reward its shareholders.
Anzo is close to bagging a RM1.21bil contract from KL Northgate Sdn Bhd to build parts of a mixed-use commercial development that includes a five-storey shopping mall in Selayang.
Major US stock indexes fell on Thursday for a third straight day as investors weighed earnings reports from big U.S. banks and geopolitical tensions, while the tech sector fell for a tenth consecutive session, Reuters reported.
The Dow Jones Industrial Average fell 0.67% to 20,453.25, the S&P 500 lost 0.68%, to 2,328.95 and the Nasdaq Composite dropped 0.53%to 5,805.15.
Investors have sought safe-haven assets throughout the week due to geopolitical tensions in Syria and North Korea. News of a massive bomb being dropped by the United States in eastern Afghanistan on Thursday added to uncertainty, Reuters added.
On the local market, the FBM KLCI dropped 5.90 points to 1,738.18.
“Following the bearish performance in the US and Europe, the KLCI could extend its decline towards the support of 1,730 points on escalating geopolitical tension,” it said.
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