Trading ideas: ABM Fujiya, Public Bank, MAHB, Deleum

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects ABM Fujiya, which makes its debut on Tuesday, Public Bank, Malaysia Airports Holdings Bhd (MAHB) and Deleum to be among the counters to see trading activity.

It said ABM Fujiya will list on the Main Market at its retail offer price of 60 sen.

As for Public Bank and MAHB, both companies are due to release their quarterly earnings report cards in the afternoon.

Deleum announced it has won an undisclosed oil & gas contract value for the provision of equipment and services for drilling and production operations.

“In terms of news flows, on tap today will be Bursa Malaysia’s plan to unveil liberalization measures to spur interest in regulated short-selling activity on our local stock exchange,” it said.

On the market, HDBSVR said the performance might be suppressed by the prevailing profit-taking activity in the near term.

“Still, we expect the benchmark FBM KLCI to swing sideways with a slight positive bias, possibly striving to cross the psychological mark of 1,800 going forward,” it said.

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