KUALA LUMPUR: Stocks to watch for on Thursday include Genting, Siab, Tex Cycle, Muda and Barakah
, said Apex Research.
Genting Bhd has received four offers for a trophy waterfront property in Miami, Florida.
Siab Holdings Bhd is buying Taghill Projects Sdn Bhd for RM122 million to be satisfied via a combination of RM96 million cash and RM26 million via issuance of Siab shares.
Tex Cycle Technology (M) Bhd is disposing of a three-storey detached industrial building constructed on a piece of leasehold land measuring 4,823 sq m in Jalan Kuchai Lama, Kuala Lumpur for RM29 million.
Muda Holdings Bhd's 70%-owned unit has exercised its put option to sell the remaining 16.88% stake it holds in a Singapore waste paper recovery and processing company — KL Resources Pte Ltd — for RM23.06 million.
Barakah Offshore Petroleum Bhd's unit, PBJV Group Sdn Bhd, has received a contract extension for pan-Malaysia maintenance, construction and modification services.
The US market rose overnight following stronger-than-expected corporate earnings.
Earlier, European markets climbed after UK inflation was cooler than expected.
On the local market, the FBM KLCI dropped 3.047 points or 0.22% to 1403.03 points as profit taking continued.
"Following the pullback, the FBM KLCI could consolidate below the resistance of 1,437 points," said Apex Research.
