KUALA LUMPUR: JF Apex Research expects Affin, BIMB, KUB and Malaysian Steel Works (Masteel) to be among the stocks which could see trading action on Thursday after their announcements.
The research house said Affin, BIMB and MRCB achieved higher year-on-year quarterly net profit, whilst, KPJ, Media Chinese, Eversendai, CMS, UEM Sunrise
, saw their quarterly results decline.
As for loss-making Ekowood, its major shareholder, TSH Resources Bhd plans to privatise the group at 40 sen a share to restructure the loss-making business.
Silk Holdings bagged a RM27.8mil contract to provide an anchor handling tug supply vessel to support a high-pressure high-temperature (HPHT) jack-up drilling rig.
JF Apex Research pointed out that KUB and Masteel have mutually agreed to terminate their joint-venture agreement for the proposed RM1.23bil inter-city rail transit system project in Iskandar Malaysia, Johor.
Overnight on Wall Street, US markets ended mixed after erasing intra-day gains as energy counters rose after OPEC's production cut deal. Earlier, European stocks advanced on OPEC's agreement to reduce production to 32.5 million barrels.
At Bursa Malaysia, the FBM KLCI tumbled 7.81 points to close at 1,619.12.
“Following the development in OPEC, sentiment in the local bourse could be lifted by oil and gas counters and the FBM KLCI could stage a rebound with support at 1,610,” it said.
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