KLCI could trend higher today, lifted by some bargain hunting activities, in line with the overnight gains at most global markets and likely test its next hurdle of 1,730.
A crossover of 1,700 would see a test of next hurdle at 1,730.
The analysis of overall market action on March 9 revealed that buying power was stronger than selling pressure. As such, the FBM KLCI would likely trade above the 1,686.35 level on March 10.
Berjaya Food Bhd, which operates the Kenny Rogers Roasters and Starbucks Coffee chains, saw net profit fall 14.3% to RM7.4 million or 1.97 sen per share in its third quarter ended Jan 31, 2016 (3QFY16) from RM8.6 million or 2.43 sen per share a year ago. Scomi Transit Projects is a unit under Scomi Engineering Bhd. In a statement today, Prasarana said Scomi Transit Projects failed to deliver 10 sets of new four-car monorail trains by Dec 31, 2015.
Zelan Bhd has bagged a temporary sale office construction contract for Bukit Bintang City Centre worth RM37.78 million.
Hup Seng Industries Bhd is acquiring two parcels of aggregate lands in Batu Pahat, together with buildings constructed on it, from Syarikat Koon Fuat Industries Sdn Bhd (SKFI) for RM17.49 million cash, including goods and services tax.
Hiap Huat Holdings Bhd is aborting its private placement exercise due to the current market conditions.
Luster Industries Bhd's unit Pembinaan LSP Jaya Sdn Bhd (PLSP) has entered into a tripartite agreement with Aznel Development Sdn Bhd and Koperasi Hartanah Malaysia Bhd (KOHAMA) today, to developed 106 units of terrace houses in Perak.
Bina Darulaman Bhd's wholly-owned unit BDB Infra Sdn Bhd (BISB) has proposed to acquire a five-acre industrial freehold land in Kulim, Kedah, for RM5.08 million to set up a new premix plant.
Luster Industries Bhd's unit Pembinaan LSP Jaya Sdn Bhd (PLSP) has entered into a tripartite agreement with Aznel Development Sdn Bhd and Koperasi Hartanah Malaysia Bhd (KOHAMA) today, to developed 106 units of terrace houses in Perak.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
crazy127
1,303 posts
Posted by crazy127 > 2016-03-09 07:45 | Report Abuse
Must positive.......0.70.....Future.....EG 0.15 up to 1.00....Luster...doo....Rm0.70