HDBSVR sees KLCI facing marginal downward bias

KUALA LUMPUR (Dec 14): Hwang DBS Vickers Research says the benchmark
FBM KLCI may continue to swing sideways with a marginal downward bias
on Wednesday due a dearth of positive developments abroad.

It said investors were disappointed when the US policymakers did not
mention fresh measures that could be taken to stimulate the US economy
following a scheduled meeting by the Federal Open Market Committee on
Tuesday night.

In reaction, major stock indices on Wall Street lost between 0.6% and 1.3% at the closing bell.

HDBSVR said as for Bursa Malaysia, stocks which could see trading interest were QSR Brands and GoldIS.

The research house said a news report stated Johor Corporation
planned to take QSR private. The takeover deal may also involved Kulim,
a subsidiary of Johor Corporation that controls QSR Brands and in turn
owns KFC Holdings.

It also said GoldIS could also see trading interest after it declared
a second interim dividend of 10 sen per share, translating to a yield
of 5.6% based on yesterday’s closing price.