KUALA LUMPUR (Feb 17): HwangDBS Vickers Research (HDBSVR) expects market sentiment to perk up on Friday after the stronger overnight close on Wall Street.
Key U.S. equity indices climbed between 1.0% and 1.5% at the closing bell on account of positive economic reports (jobless claims fell while housing starts rose) and hopes that Greece remains on track to receive international financial aid.
“This is expected to lift investors’ sentiment on our Malaysian bourse today. The benchmark FBM KLCI – after losing 10.8-point or 0.7% yesterday – could attempt to overcome the support-turned-resistance line of 1,555 ahead,” it said.
HDBSVR said the big caps which were likely to ride on a market rebound on Friday include CIMB and Maxis.
“In the small-mid cap space, of probable interest could be: (a) Tasek Corporation, which has just declared a final-cum-special net dividend per share of 60 sen (implying a net yield of 7.5% at the current share price of RM8.00); (b) Extol MSC, in response to a local news article speculating that a corporate exercise might be brewing following recent boardroom and shareholding changes; (c) Uzma, after winning an oil & gas contract worth RM350 million; and (d) Dataprep, as one media report said it is close to securing a IT contract in China valued at RM600 million,” it said.
Key U.S. equity indices climbed between 1.0% and 1.5% at the closing bell on account of positive economic reports (jobless claims fell while housing starts rose) and hopes that Greece remains on track to receive international financial aid.
“This is expected to lift investors’ sentiment on our Malaysian bourse today. The benchmark FBM KLCI – after losing 10.8-point or 0.7% yesterday – could attempt to overcome the support-turned-resistance line of 1,555 ahead,” it said.
HDBSVR said the big caps which were likely to ride on a market rebound on Friday include CIMB and Maxis.
“In the small-mid cap space, of probable interest could be: (a) Tasek Corporation, which has just declared a final-cum-special net dividend per share of 60 sen (implying a net yield of 7.5% at the current share price of RM8.00); (b) Extol MSC, in response to a local news article speculating that a corporate exercise might be brewing following recent boardroom and shareholding changes; (c) Uzma, after winning an oil & gas contract worth RM350 million; and (d) Dataprep, as one media report said it is close to securing a IT contract in China valued at RM600 million,” it said.
