Based on corporate announcements and news flow on Thursday (Jan 13), companies that will be in focus on Friday (Jan 14) may include AirAsia Group Bhd, Jerasia Capital Bhd, Asia Poly Holdings Bhd, Scomi Group Bhd, Pestech International Bhd, Boustead Holdings Bhd, Pegasus Heights Bhd, Heng Huat Resources Group Bhd, and Tomei Consolidated Bhd.
Insas Bhd is listing its stockbroking arm M & A Securities Sdn Bhd (M&A) via a reverse takeover of furniture maker SYF Resources Bhd. The securities firm is valued at RM222 million, representing a price-to-book valuation of 1.2 times which is generally higher than most banks listed on Bursa Malaysia and a price-to-earnings ratio of 11.8 times.
Stock with positive momentum was:
SWS Capital Bhd up three sen at 78 sen
Stocks with negative momentum were:
Jiankun International Bhd down 10.5 sen at 58 sen
Lion Industries Corp Bhd up 5.5 sen at 58.5 sen
PIE Industrial Bhd up 16 sen at RM2.36
Scope Industries Bhd up 2.5 sen at 32 sen
Seni Jaya Corp Bhd up two sen at 94 sen
Sinmah Capital Bhd up eight sen at 47.5 sen
Southern Steel Bhd up four sen at 79 sen
Versatile Creative Bhd up 10 sen at 82 sen
WMG Holdings Bhd up 3.5 sen at 18.5 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.