KUALA LUMPUR: JF Apex Research expects MRCB, George Kent and AmBank to be among the stocks to watch on Monday following the fresh corporate news.
The joint venture of MRCB and George Kent was appointed as the project delivery partner (PDP) for the RM9b LRT3 project.
As for AmBank, a Chinese financial institution is reportedly eyeing a stake in the group based on a media report, said the research house.
Last Friday, US markets ended sharply lower after August non-farm payroll came below expectation. Similarly, European stocks tumbled as US unemployment rate improved and could prompt the Federal Reserve to raise interest rate next week.
At Bursa Malaysia, the FBM KLCI lost 13.59 points to end Friday at 1,589.16.
“Following the bearish performance in the US, we expect the KLCI to be negative today with support at 1,560.
“Chinese markets reopen today after National Day holidays last week while US markets are closed today for Labour Day holiday,” said JF Apex Research.
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