MIDF Research said in retrospect, foreigners offloaded -RM19.5bil and -RM6.9bil in 2015 and 2014 respectively.
KUALA LUMPUR: CIMB Group
, Scomi Engineering, Pantech and Gadang could see trading interest on Friday after their corporate announcements, says JF Apex Research.
It said CIMB’s 93.7%-owned CIMB Thai Bank PCL's second quarter net profit fell 82% on-year to 39.89 million baht (about RM4.8mil) on higher operating expenses and bad debt.
Scomi Engineering is seeking an arbitration to resolve its dispute with Prasarana Malaysia Bhd over the latter's decision to terminate Scomi in the KL Monorail extension project due to an alleged delay in train delivery.
Pantech's 1QFY17 net profit fell 11.34% on-year to RM8.1mil on lower contribution from its manufacturing division that was affected by lower global demand from the oil and gas sector.
Gadang's 4QFY16 net profit climbed 20% on-year to RM30.5mil, on improved margins from construction activities and higher contributions from its property division.
JF Apex Research said overnight on Wall Street, US markets fell and snapped the DJIA's nine-day winning streak as oil price fell and investors turned cautious ahead of next week's Federal Reserve meeting.
Earlier, European stocks were mixed after the European Central Bank kept interest rate unchanged.
At Bursa Malaysia, the FBM KLCI lost 12.07 points to 1,657.54 on foreign selling due to domestic and foreign developments.
“Following the mixed performance in the US and Europe, the FBM KLCI could hover below the resistance of 1,685 with support at 1,610,” JF Apex Research said.
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