Trading ideas: IOI Corp, GoldIS, IGB, Maxis

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects IOI Corporation, GoldIS, IGB and Maxis to see trading interest on Thursday.
StarBiz reported IOI Corp plans to list its property arm IOI Properties in Sep via a demerger exercise that may also involve a dividend-in-specie payment and a rights issue.
GoldIS
proposed to distribute its entire equity interest in listed IGB to its
shareholders who will be given an option to receive either one share in
an unlisted special purpose vehicle (holding a 30.6% stake in IGB) for
every 10 GoldIS shares held or a cash payment of RM1.72 per GoldIS
share.
Maxis's first quarter results for the period ended March 31 would be released after market close on Thursday.
On
the outlook for the market, HDBSVR said the FBM KLCI, which slipped 2.7
points on Wednesday, could remain in a consolidation phase ahead.
"On
the chart, the bellwether may swing sideways with a marginal upward
bias today, possibly testing the immediate resistance threshold of
1,785," it said. HDBSVR said in terms of news flows, the March index of
industrial production (with consensus projecting a flat year-on-year
change) and the meeting by Bank Negara Malaysia's monetary policy committee (likely to maintain interest rate) would be released on Thursday also