KUALA LUMPUR (Nov 21): Hwang DBS Vickers Research said the FBM KLCI may recoup some of its 24.47 index-points (or 1.7%) lost last week.
As for Monday’s trading, it said the KLCI’s immediate resistance barrier stands at 1,475.
Last Friday, key US equity indices ended mixed in last Friday’s trading between -0.6% and +0.2%. This was mainly led by sell-down in the TECHNOLOGY [] and energy stocks as investors remain skeptical on the progress of an accelerating economy in the home country.
HDBSVR said on the domestic front, the stocks that would attract some focus includes Masterskill which has reported a set of disappointing 3Q11 results.
Another stock to watch is KL Kepong which has approved a RM700 million plan to expand its rubber and palm oil operations in Malaysia. It also plans to expand its fatty alcohol plant and develop R&D capabilities for oleochemicals technology and the Vitamin E market.
As for Bandar Raya Development, HDBSVR said it may be taken private by its major shareholders.
As for Monday’s trading, it said the KLCI’s immediate resistance barrier stands at 1,475.
Last Friday, key US equity indices ended mixed in last Friday’s trading between -0.6% and +0.2%. This was mainly led by sell-down in the TECHNOLOGY [] and energy stocks as investors remain skeptical on the progress of an accelerating economy in the home country.
HDBSVR said on the domestic front, the stocks that would attract some focus includes Masterskill which has reported a set of disappointing 3Q11 results.
Another stock to watch is KL Kepong which has approved a RM700 million plan to expand its rubber and palm oil operations in Malaysia. It also plans to expand its fatty alcohol plant and develop R&D capabilities for oleochemicals technology and the Vitamin E market.
As for Bandar Raya Development, HDBSVR said it may be taken private by its major shareholders.
