KUALA LUMPUR: MB World, Dagang Nexchange
(DNex), Rhone Ma, MCT and Prestariang are among the stocks which could attract trading interest on Wednesday after their corporate announcements, says JF Apex Research.
MB World has secured the rights to develop an integrated waterfront in Johor that has an expected gross development value (GDV) of RM1.46bil.
DNeX has acquired the exclusive rights to offer EC-Council Global Services (EGS) cyber security services in Malaysia.
As for Rhone Ma, it has secured rights for the exclusive distribution of CEVA Sante Animale SA's swine-related animal health products listed.
Property developer MCT’s major shareholder Regent Wise Investment Ltd is raising its stake in the company to 50.19% from 32.95%, by acquiring a 17.24% stake from non-executive director Tan Sri Goh Ming Choon for RM202.5 million.
Regent Wise will be obliged to extend a mandatory take-over offer to acquire all remaining shares it does not own, for a cash consideration of 88 sen per share.
Prestariang said its MoU with Kumpulan Modal Perdana Sdn Bhd (KMP) to help develop a tertiary education facility has lapsed.
JF Apex Research said overnight US markets closed hhugher with the S&P and Nasdaq hitting record highs led by consumer, energy, material and technology counters as last year's bullish momentum extended into the new year.
Earlier, European stocks declined following geopolitical tension in Iran and slower UK manufacturing data.
At Bursa Malaysia, the FBM KLCI lost 14.11 points to end at 1,782.70 points as investors took profit from the year-end window dressing.
Local institutions were the net sellers at RM17.28mil while retail investors were net buyers at RM14.5mil and foreign funds net buyers at RM158.3mil.
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