KUALA LUMPUR: JF Apex Research expects Oriental Holdings Bhd
, My E.G. Services Bhd, Kulim (Malaysia) Bhd and Maxwell International Holdings Bhd to see trading action on Friday after their corporate announcements.
Oriental Holdings expanded its foothold in Indonesia palm oil industry by acquiring a 90% stake in a company that owns 8,000ha of oil palm land.
My E.G. Services has been appointed to manage the rehiring programme involving illegal foreign workers.
Kulim (Malaysia) Bhd has proposed to acquire a 95% stake each in four Indonesia-based plantation companies for RM509.35mil.
Maxwell is undertaking an extended audit of the company's advertisement expenses in its retail business.
On the market performance, JF Apex Research said the FBM KLCI was flat shed 0.46 point to end at 1,643.95.
“Following the selldown in global markets, the KLCI is expected to be negative today with support at 1,625,” it said.
Overnight on Wall Street, US markets fell over 1% overnight as oil prices continue to fall below US$30 a barrel.
Similarly, European stocks tumbled as Sweden unexpectedly cut interest rate further to -0.5%.
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