KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) said there is a possibility that the key FBM KLCI could advance on Monday, April 26, riding on positive external sentiment.
In its outlook, it said if so, then the benchmark index will attempt to test (and may break away from) its immediate resistance threshold of 1,340 ahead.
Essentially, regional peers are expected to rise following last Friday’s buoyant performance on Wall Street. Major U.S. equity bellwethers jumped between 0.4% and 0.7% at the closing bell – reaching fresh highs since the rebound began in Mar last year – lifted by strengthening corporate earnings momentum and improving economic fundamentals.
Meanwhile, in terms of individual company developments on the home front, HDBSVR said it expects a bit more interest in Hong Leong Bank (and possibly its parent Hong Leong Financial Group).
Hong Leong Bank has formally submitted an application to the central bank to acquire the entire assets and liabilities of EON Capital; and (b) it has proposed a rights issue of up to RM1.6b to raise capital. These moves basically represent a step forward for the merger deal to go through
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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