KUALA LUMPUR (Feb 27): Hwang DBS Vickers Research (HDBSVR) said in spite of a flattish Wall Street performance last Friday, the Malaysian stock market could show a marginal positive bias on Monday.
HDBSVR said the benchmark FBM KLCI may be eager to pull away further from the immediate support level of 1,555 ahead.
In terms of corporate developments, the focus will probably be on the slew of financial result announcements that were out last Friday evening.
On the positive side, Maxis rang up a pleasant surprise. But DRB-Hicom and Multi-Purpose Holdings posted below par earnings performances.
Meanwhile, investors could also be attracted by the following counters: (a) Litrak, after a business weekly reported that PLUS is eyeing to take over the highway assets of the toll concessionaire; and (b) MBM Resources, in response to a media report speculating that it is looking to expand into the auto assembly business.
HDBSVR said the benchmark FBM KLCI may be eager to pull away further from the immediate support level of 1,555 ahead.
In terms of corporate developments, the focus will probably be on the slew of financial result announcements that were out last Friday evening.
On the positive side, Maxis rang up a pleasant surprise. But DRB-Hicom and Multi-Purpose Holdings posted below par earnings performances.
Meanwhile, investors could also be attracted by the following counters: (a) Litrak, after a business weekly reported that PLUS is eyeing to take over the highway assets of the toll concessionaire; and (b) MBM Resources, in response to a media report speculating that it is looking to expand into the auto assembly business.
