KUALA LUMPUR: Stocks that may come on to investors' radar screen on Thursday include companies with recent corporate and earnings announcements, said JF Apex Research.
Matrix Concepts Holdings Bhd as it is buying 1,382.2 acres of land in Malaysia Vision Valley 2.0 (MVV2.0), Negeri Sembilan from NS Corporation (NS Corp), the State’s development arm, for RM460 million.
Vizione Holdings Bhd is buying property development company Midlands City Sdn Bhd from its managing director for RM38 million cass.
Companies with improved quarterly earnings include Affin Bank, Petronas Dagangan, Telekom Malaysia, Media Prima, Genting Plantations, Hap Seng Plantations Holdings, Innoprise Plantations, Sunway, UEM Sunrise, Amway (Malaysia) Holdings, Hibiscus Petroleum, Far East Holdings and Sam Engineering.
Companies with lower quarterly profit were Allianz Malaysia, ATA IMS, Farm Fresh and Muda Holdings.
Meanwhile, JF Apex said the FBM KLCI could bounce off the 50-day moving average at 1,465 points following the recent decline.
The US market was slightly higher overnight as investors look to the Federal Reserve chairperson's Jackson Hole speech tomorrow for hints on interest rate hikes.
Similarly, European stocks climbed after hawkish comments from the Minneapolis Federal Reserve president.