Thursday, 27 October 2016

Stocks update.

 Financial Advisor Malaysia

KUALA LUMPUR : BHS Industries, Yong Tai, Sarawak Cable, Sumatec and Minetech could see exchanging activity on Thursday after their corporate news, says JF Apex Research. 

BHS Industries is in chats with potential financial specialists to construct a tissue paper processing plant, as a major aspect of the Phase 1 advancement of Pekan Green Technology Park in Pekan, Pahang. 

JF Apex Research said Yong Tai has sold en coalition RM461mil worth of properties in Phase 1A of its RM5.4bil Impression City blended advancement in Melaka to Orient Venture Properties Bhd. 

Sarawak Cable has secured a RM55.9mil contract from Tenaga Nasional to assemble two twofold circuit transmission lines. 

Sumatec's Miri-based partner Semado Maritime Sdn Bhd has defaulted on the reimbursement of RM165.21mil to Bank Pembangunan Malaysia Bhd. 

JF Apex Research additionally said Minetech got a RM24m two-year expansion on its Pahang gold mine employment. 

Overnight on Wall Street, US markets finished blended in the midst of corporate results season, bring down oil cost, enhanced PMI and new home deals, and in addition bring down home loan applications. 

Prior, European stocks shut lower as speculators processed a huge number of income and lower oil cost. 

JF Apex Research said at the neighborhood bourse, the FBM KLCI lost 3.51 focuses to 1,673.92. 

"Taking after the dull execution in the US and Europe, the FBM KLCI is required to stay level beneath the resistance of 1,700," it said.


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