US markets rose overnight as investors wait for the results of the US presidential election. Similarly, European stocks climbed while markets await the outcome of the US election with Joe Biden leading the race.
On the local market, the FBM KLCI rose 3.16 points to 1464.61 points. Following the positive performance in Wall Street, the FBM KLCI could extend its rebound with support at 1455 points.
Stocks to watch are: Ipmuda Holdings is planning to diversify into the renewable energy and healthcare sectors; Ocean Vantage has won a contract worth RM29.56 million contract for works in relation to a solar farm in Manjung, Perak; Mega First Corp said its 80% subsidiary Don Sahon Power Company Ltd (DSPC) has received a certificate from the government of Laos confirming that the Don Sahong hydropower project has commenced commercial operations on Oct 1.
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Created by jfapex | Aug 26, 2024
Pesona is valued at RM0.46 based on a Sum of Parts valuation, which also corresponds to a 13.0x 1-year forward PER of the Group’s FY25F EPS of 3.5 sen. This valuation is a discount to Bursa Construc