KUALA LUMPUR: WZ Satu, Heineken Malaysia
, Public Bank and Datasonic are the stocks which could see some trading action on Friday after their corporate announcements, says JF Apex Research.
It said on Friday WZ Satu’s fourth quarter 2016 net profit jumped 48% on improved contributions from its civil engineering and construction, and oil and gas segments.
As for Heineken Malaysia, its third quarter earnings fell 10% due to lower sales as consumer sentiment was weak.
Public Bank's 3QFY16 net profit rose 3.1% on-year, driven mainly by higher net interest income and income from Islamic banking business.
JF Apex Research pointed out Datasonic was awarded a RM54.06mil conditional contract to supply a minimum of two million polycarbonate data pages with chips for the Malaysian passports.
Capitaland Malaysia Mall Trust’s 3QFY16 distributable income increased 3.8% on-year mainly driven by higher net property income from full quarter contribution from Tropicana City Mall and Tropicana City Office Tower that were acquired earlier, coupled with higher contributions from Gurney Plaza and the East Coast Mall.
M3Tech inked an exclusive distribution agreement with Hangzhou Hikvision Technology Co Ltd to distribute the full range of EZVIZ surveillance and security products.
On the external front, US markets ended lower overnight after economic data announcements such as jobless claims and existing home sales, lower oil prices and European Central Bank's (ECB) decision to hold interest rates. Earlier, European stocks gained after ECB kept interest rates unchanged.
At Bursa Malaysia, the FBM KLCI lost 1.09 points to end at1667.18 points. Following the mixed performance in the US and Europe, the FBM KLCI could remain sideways below the resistance of 1,675.
JF Apex Research said the market might react prior to the Budget announcement at 4pm on Friday.
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