KUALA LUMPUR: Stocks that could see increased investor attention on Friday include Axiata, Fitters Diversified
, EA Technique and CTOS Digital, said Apex Research.
Axiata Group Bhd’s wireless tower business edotco Group Sdn Bhd is considering a share sale that could raise as much as US$600 million (RM2.7 billion).
Fitters Diversified Bhd is selling 18.97 hectares of agriculture land with residential development potential in Rawang for RM36 million.
EA Technique (M) Bhd is buying a new tugboat for US$3.75 million (RM16.72 million) in cash to undertake activities associated with marine terminal operations.
CTOS Digital Bhd is set to be the majority shareholder in RAM Holdings Bhd with a 55.88% equity interest after buying out the stakes of two shareholders totalling 16.45% for RM46.88 million.
Meanwhile, Apex said the FBM KLCI could extend its rebound towards the 1,500-point level following the positive performance on Wall Street.
The US market ended higher overnight as it extended its rebound amid expectations of a 75-basis point hike this month.
Earlier, European stocks rose after the European Central Bank raised interest rates by 75 basis points.
