KUALA LUMPUR: JF Apex Research expects Malaysia Airports Holdings Bhd
(MAHB), Astro Malaysia Holdings Bhd and Bina Puri Holdings Bhd to be among the stocks to watch on Tuesday.
MAHB reported that September saw the fastest growing number of passengers passing through the 39 airports that it manages in the country so far this year, with a 12.3% year-over-year growth.
Pay-TV operator Astro, which has been impacted by expensive content this year and the sharp depreciation of the ringgit, is confident its content cost will be between 32% and 35% of its annual revenue in the next financial year ending Jan 31, 2018.
Bina Puri will team up with CCCC Dredging (Group) Co Ltd to build the Kuantan Waterfront Resort City with a gross development value (GDV) of RM15bil over the next 10 years.
Tropicana Corporation Bhd revised its disposal price of the Sky Express Hotel in Bukit Bintang, Kuala Lumpur, to RM58mil from RM55mil.
US markets gained overnight led by energy counters following the second presidential debate and oil prices rallied. Similarly, European stocks climbed after Russia said it is prepared to join OPEC in oil production freeze.
At Bursa Malaysia, the FBM KLCI ended flat after losing 0.06 points to 1,665.32.
"Following the bullish performance in the US and Europe, the FBM KLCI is expected to rise today in line with higher oil prices. The KLCI’s near term direction could remain sideways below the resistance of 1,675," said JF Apex Research.
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