Trading ideas: IOI Properties, Bumi Armada, I-Bhd, SK Petro
IOIPG (5249), ARMADA (5210), IBHD (4251), SKPETRO (5218)
KUALA LUMPUR: JF Apex Research expects IOI Properties Group, Bumi Armada, I-Bhd and SapuraKencana Petroleum to see trading interest on Monday.
It said IOI Properties Group has proposed to purchase a 37.17% stake in Taipei Financial Center Corp, which owns Taipei 101, for RM2.74bil.
As for Bumi Armada, its CEO Hassan Basma is leaving the company on Jan 1, 2015 due to “family reasons”.
I-Bhd will sign a strategic alliance agreement with Hilton International for the planned development of a four-star hotel in i-City.
SapuraKencana Petroleum’ units have won RM1.58bil worth of contracts.
Last Friday, US stocks rose, lifting the Dow and S&P 500 into uncharted terrain and posting a seventh week of gains, as investors embraced a stronger-than-forecast November payrolls report as backing the view the economy can handle rate hikes by the Federal Reserve in 2015. The US monthly jobs report showed the economy adding 321,000 jobs in November, exceeding expectations.
“On the local market, the FBM KLCI gained 3.68 points to 1,749.37. Following the optimism in the US, we expect the KLCI to be positive and stage a rebound from its recent losses,” it said.
http://www.thestar.com.my/
IOIPG (5249), ARMADA (5210), IBHD (4251), SKPETRO (5218)
KUALA LUMPUR: JF Apex Research expects IOI Properties Group, Bumi Armada, I-Bhd and SapuraKencana Petroleum to see trading interest on Monday.
It said IOI Properties Group has proposed to purchase a 37.17% stake in Taipei Financial Center Corp, which owns Taipei 101, for RM2.74bil.
As for Bumi Armada, its CEO Hassan Basma is leaving the company on Jan 1, 2015 due to “family reasons”.
I-Bhd will sign a strategic alliance agreement with Hilton International for the planned development of a four-star hotel in i-City.
SapuraKencana Petroleum’ units have won RM1.58bil worth of contracts.
Last Friday, US stocks rose, lifting the Dow and S&P 500 into uncharted terrain and posting a seventh week of gains, as investors embraced a stronger-than-forecast November payrolls report as backing the view the economy can handle rate hikes by the Federal Reserve in 2015. The US monthly jobs report showed the economy adding 321,000 jobs in November, exceeding expectations.
“On the local market, the FBM KLCI gained 3.68 points to 1,749.37. Following the optimism in the US, we expect the KLCI to be positive and stage a rebound from its recent losses,” it said.
http://www.thestar.com.my/
