KUALA LUMPUR (Feb 16): HwangDBS Vickers Research said as the consolidation drags on, the Malaysian stock market is expected to show a fair bit of resilience.
“On the chart, the benchmark FBM KLCI will probably tread above its immediate support level of 1,555 ahead,” it said on Thursday.
HDBSVR said major U.S. equity indices lost between 0.5% and 0.8% on Wednesday night amid concerns of possible delays for Greece to secure international bailout funds. This could dampen investors’ sentiment around the region when Asia resumes trading this morning.
The research house said that among the Malaysian stocks that may be actively traded today include:
(a) AirAsia following news report that said it is planning to set up a low-cost carrier to serve the Gulf region;
(b) Prestariang, which has just proposed a single-tier dividend of 4.0 sen per share (implying a yield of 4.3% based on its last done share price of 92 sen); and
(c) Compugates Holdings, as one local media reported that the company is expected to clinch several solar-based projects in Sabah worth over RM2 billion.
“On the chart, the benchmark FBM KLCI will probably tread above its immediate support level of 1,555 ahead,” it said on Thursday.
HDBSVR said major U.S. equity indices lost between 0.5% and 0.8% on Wednesday night amid concerns of possible delays for Greece to secure international bailout funds. This could dampen investors’ sentiment around the region when Asia resumes trading this morning.
The research house said that among the Malaysian stocks that may be actively traded today include:
(a) AirAsia following news report that said it is planning to set up a low-cost carrier to serve the Gulf region;
(b) Prestariang, which has just proposed a single-tier dividend of 4.0 sen per share (implying a yield of 4.3% based on its last done share price of 92 sen); and
(c) Compugates Holdings, as one local media reported that the company is expected to clinch several solar-based projects in Sabah worth over RM2 billion.
