KUALA LUMPUR: JF Apex Research expects Ivory Properties, Johore Tin, Poh Kong, Xin Hwa and Eco World to be among the stocks which could see trading interest on Monday after recent corporate news.
It said Ivory Properties plans to undertake mixed development on 29 plots of land to tap Klang Valley's property market.
Johore Tin proposed a one-to-two share split to enhance the marketability and trading liquidity of its shares.
Poh Kong’s 3QFY16 dropped 23.2% on-year to RM6.08mil due to falling sales.
Xin Hwa is buying a 60-year leasehold industrial land measuring 7.897 acres at Pasir Gudang Industrial Area, Johor, for RM12.42mil cash.
Eco World, the group is said to be eyeing a 300-acre leasehold site in Batu Kawan for a RM6bil mixed development project to be launched next year.
Last Friday, US markets closed lower on weakness in healthcare and tech companies.
European bourses rose, lifted by banking counters and higher oil prices while concerns about Britain's exit from the EU eased.
At Bursa Malaysia, the FBM KLCI staged a mild rebound, up 9.82 points to close at 1,624.18.
“Following the mixed performance in the US and Europe, the KLCI is expected to remain sideways and consolidate above the support of 1,610,” it said.
Limited time offer:
Just RM5 per month.
