The research house also expects Econpile, Titijaya Land, Tropicana Corp, Pestech, Mitrajaya, PIE Industrial GHL following their quarterly results announcements.
JF Apex said Mah SIng was acquiring 8.5 acres of land in Sentul to plan for a development of affordable serviced apartments with a gross development value of RM1.3bil.
Meanwhile, its acquisition of a land facing Titiwangsa Lake Garden for a RM650mil development there hit a bump, amid competing claims on land ownership.
YTL Hospitality Reit has acquired another five-star hotel, the Majestic Hotel Kuala Lumpur, from parent company YTL Corp Bhd for RM380mil in cash.
It said KPJ Healthcare, RCE Capital, Econpile, Titijaya Land, Tropicana Corp, Pestech, Mitrajaya, PIE Industrial, GHL achieved better year-on-year quarterly financial results; whilst MCT, Tasco posted weaker year-on-year quarterly financial results.
US markets were flat on Friday with the Nasdaq and S&P ended slightly higher to extend their record highs. European stocks closed lower after being dragged by energy companies following lower oil prices.
Locally, JF Apex said following the lacklustre performance last week, the FBM KLCI was expected to remain sideways below the resistance of 1,785 points.
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