Kian Joo board is still open to offers despite failed deal with Aspire Insight
KUALA LUMPUR: JF Apex Research expects Mesiniaga, Brahim’s and Kian Joo Can factory to be among the stocks which could see trading interest on Monday amid a downbeat market after the failed Doha oil talks.
It said Mesiniaga’s contract with Telekom Malaysia Bhd
was extended. The RM145.93mil job was to provide maintenance and support services of new IP core and service edge.
Brahim’s signed an MoU with 7-Eleven Malaysia Holdings Bhd to supply food to the convenience store chain’s outlets.
Kian Joo said the takeover offer for the group by Aspire Insight Sdn Bhd was mutually terminated.
Iris bagged a RM28.51 million contract from the Education Ministry to build and renovate classrooms and extension blocks in seven schools in Sarawak.
Last Friday, US markets ended slightly lower as energy counters fell on lower oil prices. Similarly, European stocks declined as oil prices took a breather from recent gains.
At Bursa Malaysia, the FBM KLCI gained 4.21 points to 1,727.99.
“Following the flat performance in the US and Europe, the FBM KLCI is expected to extent its sideways trend, inclining to drift downward. Overall, Asian markets could trend lower today with top oil producers failed to reach an agreement in Doha summit,” it said.
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