UOB Kay Hian Malaysia Research expects Malaysian equities to be energised in 1H17 by a firmer ringgit and general election buzz.
KUALA LUMPUR: CIMB Group
, G3 Global, Bright Packaging and CapitaLand Malaysia Mall Trust (CMMT) are among the stocks to watch on Thursday after the corporate news and earnings reports, says JF Apex Research.
CIMB’s 94.11%-owned unit CIMB Thai Bank PCL's 2QFY17 net profit soared 794% on-year as operating income rose on higher net interest income and foreign exchange transaction gains.
G3 Global’s unit, Atilze Digital Sdn Bhd, has teamed up with U Mobile Sdn Bhd for mobile connectivity. The partnership will see U Mobile providing 3G and 4G LTE connectivity for the Atilze Connected Car devices.
Bright Packaging announced a one-for-four bonus shares issue to reward its shareholders and enhance the trading liquidity of its shares.
CMMT’s 2QFY17 net property income (NPI) dipped 0.3% to RM59.8mil due to lower contribution from its Klang Valley shopping malls, which was mitigated by stronger performance from Gurney Plaza and East Coast Mall.
JF Apex Research pointed out that overnight on Wall Street, US markets continued to rise with all three major indexes hitting record highs following better-than-expected quarterly results.
European stocks advanced amid corporate results and reports of US President Donald Trump meeting Russian President Vladimir Putin during a G20 dinner.
At Bursa, the FBM KLCI gained 2.35 points to end at 1,757.27. JF Apex Research said following the bullish performance in the US and Europe, the KLCI could extend its rebound after its sideways trend recently.
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