FBM KLCI to test 1,500

According to the Hwang DBS Vickers Research said on Friday news (26th Nov). Its outlook report for Friday, counters such as Petronas Chemical, Kulim, CONSTRUCTION, Genting as well as Airasia could attract a lot of action to Bursa Malaysia. Based on the report, (a) Petronas Chemicals Group, an integrated petrochemical manufacturer with a market capitalization of RM41.6b based on an institutional offer price of RM5.20, which is making its debut listing;

(b) Kulim, which has received a new offer to buy over its entire stake in QSR at an indicative price of RM6.70 per QSR share. QSR, in turn, is the parent company of KFC Holdings;

(c) CONSTRUCTION [] companies like Bina Puri and TRC after a media report said they are in the running to bag LRT extension jobs which would be awarded soon; and

(d) AirAsia and Genting Malaysia following the release of their buoyant set of financial results Thursday evening.
( Source: The Edge Online)