16 Jan, 2017
The Star Online
KUALA LUMPUR: JF Apex Research expects OCK to be among the stocks to watch on Monday after their corporate news.
As for OCK, its 60%-owned OCK Vietnam Towers Pte Ltd acquired the entire equity interest in Southeast Asia Telecommunications Holdings Pte Ltd (SEATH) for US$50mil (RM223.12mil).
Last Friday, US markets closed mixed amid higher quarterly earnings posted by banks and the Nasdaq extending its record high. European stocks were positive after better-than-expected corporate earnings from the US
At Bursa Malaysia, the FBM KLCI lost 5.26 points to close at 1,672.50.
“Following the recent sideways trend, the FBM KLCI could continue to hover below the resistance of 1,680,” it said.