US markets climbed slightly to eke out another record high while European stocks were mostly lower except for the UK's FTSE which climbed after the vaccine approval.
On the local market, the FBM KLCI shed 3.54 points to1598.72 points. Following the flattish performance, the FBM KLCI could remain sideways below the resistance of 1615 points.
Among stocks to watch are Sunsuria after higher quarterly profit, Bioalpha was appointed by Hong Kong-listed Ritamix Global Ltd as a contract manufacturer to make and supply a longevity dietary supplement, Chin Hin plans to purchase a 1.38ha piece of land in Bandar Kinrara, Puchong for RM59.8 million from SP Setia, AWC Bhd and its partners have bagged a RM20.87 million subcontract relating to a water treatment plant in Melaka, QL Resources Bhd and Boilermech Holdings Bhd have requested for the trading of their shares to be suspended pending an announcement, and AirAsia X Bhd expects the outcome of its ongoing scheme of arrangement under its debt restructuring exercise to inject fresh equity to be known by the end of June next year.
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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