KUALA LUMPUR: Stocks that might see elevated investor consideration on Friday embrace Siab, Telekom, CIMB, ECM Libra
, Axiata and IOI, mentioned JF Apex Research.
Siab Holdings Bhd has secured an RM89.57mil contract from SDN Assets I Sdn Bhd to construct a two-storey warehouse with workplace house in Klang, Selangor.
Telekom Malaysia Bhd succeeded in dismissing RM152.94mil claims by Singapore-based IPTV answer supplier Vodoke Pte Ltd on the Singapore International Arbitration Centre (SIAC).
CIMB Group Holdings Bhd is planning to purchase the remaining minority shares it doesn’t personal in CIMB Bank Bhd for RM1.4mil, in its bid to streamline the shareholding construction.
ECM Libra Group Bhd’s shareholders have been suggested to reject the takeover bid by the group’s non-independent and non-executive director Datuk Lim Kian Onn because the provide is deemed as “not fair” and “not reasonable”.
Axiata Group Bhd’s 63%-owned tower subsidiary, edotco Group Sdn Bhd, mentioned its Myanmar operations are largely unaffected by the political upheaval there, however the firm shouldn’t be placing extra funding resulting from issue in getting the US greenback in Myanmar.
IOI Corporation Bhd restarted its share buy-back yesterday after a six-month hiatus with a purchase order of 613,000 shares for RM2.3 million, translating into RM3.75 a share.
Meanwhile, JF Apex mentioned the FBM KLCI might stay buoyed above the help of 1,400 oints following the rebound on Wall Street.
The US market rallied in a single day following robust expectations on June’s employment information that shall be launched later right this moment.
Similarly, European shares rose to increase their rebound.
