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[$] KLCI COUNTER SPECIFIC NEWS

KLCI COUNTER SPECIFIC NEWS

Seacera Group Bhd subsidiary, SPAZ Sdn Bhd, has been pre-qualified for the construction works related to the proposed Damansara-Shah Alam Elevated Expressway (Dash) and Sungai Besi-Ulu Kelang Elevated Expressway.

Hua Yang bought eight parcels of freehold land totalling 73.16 acres in Johor Bahru for RM75.6mil for a mixed development project with a gross development value of RM346.4mil.

Ekovest was awarded the concession to build and manage the RM3.74bil Setiawangsa-Pantai Expressway (formerly Duta-Ulu Kelang Expressway.

AWC bagged a RM61.95mil plumbing subcontract for the KL118 tower.

KTC to buy the entire equity stake in Sarawak-based Popular Trading (Borneo) Corporation Sdn Bhd, a distributor, wholesale trader and food manufacturer. This will enable the group to establish its presence in Sarawak.

Sunway Hotels & Resorts's newest four-star hotel, Sunway Pyramid Hotel West, scheduled to commence operation on Feb 15, 2016 is now open for booking.


Market forecast for KLCI

The KLCI index is expected to consolidatein next trading sessionandif it break the resistance level of 1651 then can expect bullishsentiments.Also he investors sentiment is bearish over the slowdown of Chinese economy and falling


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