Published: Friday February 15, 2013 MYT 8:57:00 AM
KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects Multi-Purpose Holdings Bhd (MPHB), Hibiscus Petroleum and London Biscuits to see trading interest on Friday.
It said MPHB had obtained regulatory approval for its corporate exercise involving the demerger of businesses and capital repayment plans subject to a condition that a fresh revaluation of its properties is carried out.
As for Hibiscus, its jointly controlled entity was pre-qualified as a licensee, effectively making it a qualified oil and gas player in Norway.
HDBSVR said London Biscuits fixed the issue price for the seventh tranche of its private placement exercise comprising 1.5 million shares at RM1 per share.
As for the FBM KLCI, it expected the 30-stock index to be range-bound with a negative bias ahead.
"On the chart, the key market barometer is facing stiff resistance at 1,635 with its immediate support line currently seen at 1,615," it said. Over on Wall Street, major US equity indices were little changed at the closing bell last night as sentiment was clouded by persisting worries on Eurozone's financial condition which negated a lower jobless claims report.
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