Trading ideas: APFT, Ark Resources, Berjaya Corp and Genting

KUALA LUMPUR: Stocks to watch for in Thursday trading include APFT, ARK Resources, Berjaya Corp and Genting, according to JF Apex research.

In a research note today, JF Apex highlighted that APFT dropped a lawsuit against its former CEO; 

Chin Hin Group’s subsidiary has teamed up with Singaporean firm to offer consultancy and solutions for construction players in Malaysia; 

Ark Resources entered into a joint venture agreement with Koperasi Kampung Melayu Balik Pulau Bhd (KKMBPB) to commence developing a piece of land in Penang; 

Berjaya Corp and its subsidiary entered into an agreement with foreign companies to buy 4.61% of Berjaya Land Bhd for RM87.4m;

Genting said its unit will be issuing bonds up to US$775mil.

Meanwhile, in US markets, the Dow Jones Industrial Average surged more than 200 points to over 25,000 as the Federal Reserve kept interest rates unchanged.

European markets also closed higher ahead of the Fed decision while Asian markets are set for a positive session on Thursday on the back of the same.

On the local market, the FBM KLCI, which has been falling over the past three sessions to end at 1,684.11 on Wednesday may be seeing a rebound to climb towards the 1,700-point threshold.
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