KUALA LUMPUR (March 19): Hwang DBS Vickers Research said the key FBM KLCI may see a mild technical rebound on Monday after tumbling in the final few minutes of trading on Friday for a daily loss of 8.0 points.
“On the chart, the immediate support and resistance levels for the benchmark index are currently seen at 1,555 and 1,580, respectively,” it said.
HDBSVR said among the stocks that could attract added interest include Bumi Armada and MISC after a business weekly report that said the two companies (with their respective partners) are the front runners to bag a FPSO vessel contract to be awarded by an US-based oil & gas entity.
Another stock to watch are EP Manufacturing, in response to its proposed acquisition of an expressway concessionaire for RM1.2 billion.
Also in focus would be CCM Duopharma, which has announced a net dividend per share of 10.9 sen, translating to a net yield of 4.6%.
“On the chart, the immediate support and resistance levels for the benchmark index are currently seen at 1,555 and 1,580, respectively,” it said.
HDBSVR said among the stocks that could attract added interest include Bumi Armada and MISC after a business weekly report that said the two companies (with their respective partners) are the front runners to bag a FPSO vessel contract to be awarded by an US-based oil & gas entity.
Another stock to watch are EP Manufacturing, in response to its proposed acquisition of an expressway concessionaire for RM1.2 billion.
Also in focus would be CCM Duopharma, which has announced a net dividend per share of 10.9 sen, translating to a net yield of 4.6%.
