KUALA LUMPUR: WCT, Petronas Dagangan, KUB and Ekovest are among the stocks which could see trading interest on Thursday after their corporate news, says JF Apex Research.
It said WCT's Paradigm Mall Johor Bahru, to be opened by November this year, is seen to achieve full occupancy by 2018.
Petronas Dagangan will proceed with its plans to exit the Vietnamese market as the group is still looking for a buyer for its liquefied petroleum gas (LPG) bottling and distribution operations there.
JF Apex Research also noted that KUB is buying 1,534 hectares (3,791 acres) of oil palm plantation land in Kinabatangan, Sabah from Kwantas Corp for RM100.45mil.
As for Ekovest, the company’s unit Ekovest KL Bund Sdn Bhd (EKLB) will receive an incentive from the government for the Bunus regional sewage treatment plant (STP). The total incentive for Bunus STP will not exceed RM100mil or 75% of the cost savings, whichever is lower.
Hua Yang plans to raise its stake in Magna Prima Bhd
by 20.12% or 66.89 million shares, for RM123.75mil or RM1.85 per share, to 30.96%.
Meanwhile, plantation company Matang is bidding for two parcels of leasehold oil palm land totaling 4,219.79 acres in Raub, Pahang, together with a 60-tonne per hour palm oil mill there.
SCC has proposed a 10-for-one bonus share issue, followed by a one-to-three share split to reward shareholders and increase the trading liquidity of its shares.
Overnight on Wall Street, US markets closed lower, dragged by energy counters after oil prices dropped. In contrast, European stocks surged led by banking and basic resources counters.
At Bursa, the FBM KLCI shed 1.65 points to end at 1,738.95.
“Following the mixed performance in the US and Europe, the FBM KLCI could remain sideway above its support of 1,730,” JF Apex Research said.
Limited time offer:
Just RM5 per month.
