Hwang DBS Vickers Research
(HDBSVR) expects Malaysian banks to see come under some selling
pressure after Moody's Investors Service cut their short-term credit
ratings.
The research house said on Thursday other stock names that would likely attract added interest were APM Automotive after it teamed up with a Japanese company in Thailand to make car seats in Malaysia.
HDBSVR added Bursa Malaysia would be announcing its quarterly financial results during lunch time.
As for Homeritz,
it declared a single-tier final dividend per share of 2.25 sen
translating to a net yield of 6.2% based on its last traded price of
36.5 sen On the market outlook, HDSBVR said Wednesday's market drop,
which occurred despite all its regional peers posting positive
performances, could mark a resumption of selling activity on the
Malaysian bourse ahead.
"Looking technically vulnerable at the
moment, the benchmark FBM KLCI (after hitting a low of 1,613 yesterday)
may pull back deeper to test the support levels of 1,615 (first) and
1,600 (second)," it said.
(The Star Online)
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