KUALA LUMPUR: PUC, LBS Bina, Ikhmas Jaya and KUB are stocks that may see investor interest in Monday trading, says JF Apex research.
PUC's wholly-owned subsidiary Wealth Pursuit Sdn Bhd has entered into a Memorandum of Understanding (MoU) today with Yayasan Pekerja Malaysia (YAPEM) to provide micro financing to YAPEM members.
LBS Bina has set a new property sales target at RM1.5bil in 2019 as the developer foresees persistent housing loan application rejections in Malaysia curbing real estate sales.
Ikhmas Jaya said that a remaining amount of RM11mil contract has been terminated with by TTDI KL Metropolis Sdn Bhd with no reason given.
KUB, whose share price had shot up 68% last week, announced that several parties have expressed interest to buy the stake held by its controlling shareholder Anchorscape Sdn Bhd.
On Friday, US markets were boosted by dovish comments from US Federal Reserve chairman Jerome Powell even as a payrolls report showed US job growth surged in December and wages jumped.
European stocks were also buoyed by the US-China trade talks to begin later today.
The improved sentiment in equity markets boltered oil prices, with US crude jumping nearly 2% to US$47.96 a barrel.
On the local market, the FBM KLCI lost 6.05 points to 1669.78 points dragged by foreign selling.
Following the overnight positive performance in the US and Europe, the FBM KLCI is expected to stage a rebound with its resistance level of 1,710 points, said JF Apex.
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