US markets were flat with the S&P coming off its record high while the Dow and Nasdaq eked out small gains. Earlier, European stocks ended mixed amid Brexit uncertainty.
On the local market, the FBM KLCI surged 29.54 points to 1628.26 points. Following the bullish momentum that broke the stubborn resistance of 1615 points, the FBM KLCI could face immediate profit taking before extending its uptrend towards the next resistance of 1645 points.
Among stocks to watch are Menang Corp after two shareholders are seeking the removal of Dr Christopher Shun Kong Leng from the board at its next AGM, Serba Dinamik secured RM466m worth of contracts, Supermax has been added to the FTSE Bursa Malaysia KLCI, following the semi-annual review while KLCC Property and KLCC REIT (KLCCP Stapled) will be removed from the index, UWC Bhd is proposing to undertake a one-for-one bonus issue, Astro 's net profit for the third quarter ended Oct 31, 2020 rose 23.11% to RM164.53 million, and SCIB has bagged two contracts for an estimated total value of RM271.1 million.
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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