KUALA LUMPUR (Dec 14): Hwang DBS Vickers Research says the benchmark FBM KLCI may continue to swing sideways with a marginal downward bias on Wednesday due a dearth of positive developments abroad.
It said investors were disappointed when the US policymakers did not mention fresh measures that could be taken to stimulate the US economy following a scheduled meeting by the Federal Open Market Committee on Tuesday night.
In reaction, major stock indices on Wall Street lost between 0.6% and 1.3% at the closing bell.
HDBSVR said as for Bursa Malaysia, stocks which could see trading interest were QSR Brands and GoldIS.
The research house said a news report stated Johor Corporation planned to take QSR private. The takeover deal may also involved Kulim, a subsidiary of Johor Corporation that controls QSR Brands and in turn owns KFC Holdings.
It also said GoldIS could also see trading interest after it declared a second interim dividend of 10 sen per share, translating to a yield of 5.6% based on yesterday’s closing price.
It said investors were disappointed when the US policymakers did not mention fresh measures that could be taken to stimulate the US economy following a scheduled meeting by the Federal Open Market Committee on Tuesday night.
In reaction, major stock indices on Wall Street lost between 0.6% and 1.3% at the closing bell.
HDBSVR said as for Bursa Malaysia, stocks which could see trading interest were QSR Brands and GoldIS.
The research house said a news report stated Johor Corporation planned to take QSR private. The takeover deal may also involved Kulim, a subsidiary of Johor Corporation that controls QSR Brands and in turn owns KFC Holdings.
It also said GoldIS could also see trading interest after it declared a second interim dividend of 10 sen per share, translating to a yield of 5.6% based on yesterday’s closing price.
