New high for Dagang NeXchange Bhd
KUALA LUMPUR: JF Apex Research expects Eversafe, Aeon Credit Service
, MISC and Serba Dinamik to be among the stocks to watch on Friday.
Eversafe Rubber will be listed on the ACE Market at an offer price of 36 sen. As for Aeon Credit is offering asset-backed personal financing for the first time via its partnership with HelloGold Sdn Bhd to grow the non-bank lender Aeon Credit's customer base.
The research house pointed out MISC expects its petroleum segment to remain profitable in FY17 despite the subdued outlook towards the petroleum spot charter rate this year.
Serba Dinamik has proposed to team up with UK-based Nicol & Andrew Group Plc (N&A) to collaborate on maintenance, repair and overhaul (MRO) and in-situ or on-site services for the Malaysian oil and gas, petrochemical, oleochemical, marine, plantation, energy, power production and distribution, water and waste water as well as general industries.
As for KPJ Healthcare, it has proposed a subdivision of every one existing share into four subdivided shares to promote trading liquidity.
WZ Satu's net profit grew 9% on-year in its 2QFY17, thanks to better performance in its manufacturing and oil and gas (O&G) operations.
A company that undertook construction at the Penang International Airport is suing Malaysia Airports Holdings for RM43.99 million over alleged losses pertaining to the work.
BAT announced that its quarterly net profit declined 33% on-year due to lower sales volume.
Overnight on Wall Street, US markets rallied after Treasury Secretary Steven Mnuchin said the government will soon announce a major tax reform. Earlier, European stocks advanced following favourable corporate earnings.
At Bursa Malaysia, the FBM KLCI gained 2.66 points to close at 1,741.61.
“Following the bullish sentiment in the US and Europe, the KLCI is expected to be positive today and extend its rebound off the support of 1,730,” it said.
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