KUALA LUMPUR: Pecca Group Bhd
, O&C Resources, Tenaga Nasional Bhd and Berjaya Auto Bhd could see trading interest on Friday after their corporate announcements, says JF Apex Research.
Pecca’s 60%-owned PAviation received the greenlight from the Department of Civil Aviation (DCA) to undertake more leather upholstery in the aviation industry.
O&C Resources was appointed as the project management consultant by Yayasan Pahang for a proposed affordable housing development scheme comprising 25,000 residential units in Pahang.
Tenaga Nasional’s major shareholder, Khazanah Nasional Bhd, is reported to be divesting part of its stake in the group. Reuters reported that Khazanah is looking to sell 82 million shares of TNB, or about 1.5% of the total shares outstanding, which could raise up to US$294million (about RM1.2bil).
Berjaya Auto 60.4%-owned subsidiary in the Philippines intends to seek a listing on the main board of the Philippine Stock Exchange.
Overnight on Wall Street, US markets ended lower despite rising oil prices after European Central Bank (ECB) kept interest rates unchanged and made no announcement to extend its quantitative easing. Similarly, European stocks declined after ECB did not extend its asset buying programme.
At Bursa Malaysia, the FBM KLCI added 1.81 points to end at 1,691.38 to extend its sideways trend.
“Following the negative performance in the US and Europe, the FBM KLCI could remain pressured below the resistance of 1,705. Investors will look to China's inflation data and South Korea's central bank decision on interest rates,” said JF Apex Research.
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