KUALA LUMPUR: Investors should keep an eye out for share price action in Axis REIT, Yinson
, Dolphin International and Bumi Armada, says JF Apex Research in its daily highlights report.
Axis REIT’s 3QFY18 net property income grew 31% y-o-y as its property size grew to 44 properties from 39 properties.
Yinson said that the contract for the charter of its floating production storage and offloading vessel, Adoon, has been extended on an interim basis for three months until Jan 16, 2019.
Dolphin International has won a RM7.2mil contract to supply construction materials for the upgrading of a train cargo terminal in Padang Besar, Perlis.
Bumi Armada said it has received notice on the appointment of a manager to oversee the sale and disposal of crude oil stored on its Armada Perdana floating production storage and offloading.
Meanwhile, Wall Street took a tumble overnight as investors braced for a deluge of corporate earnings while geopolitical tension in Saudi Arabia continued to simmer.
The Dow Jones Industrial Average dropped 0.5% and the S&P500 lost 0.4%. The Nasdaq Composite Index, however, rose 0.3% on rising tech stocks.
In Europe, stocks were softer on the impasse between Italy and EU regulators over the former's budget plan.
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