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HDBSVR sees short-term boost for Asian equities
by hlk Mon 11 Jun 2012, 09:23
KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) is expecting a short-term boost in Asian equities on Monday after the Eurozone granted Spain access to a 100b Euros fund to shore up its banking system over the weekend.
It said that reflecting the positive vibes, the DJIA June futures contract jumped to hover at a 150-point premium to the spot rate this morning.
"The better external sentiment is expected to lift our Malaysian bourse too. On the chart, the benchmark FBM KLCI could rise towards the immediate resistance threshold of 1,580 ahead," it added.
HDBSVR said among the stocks that may ride on the market strength include Yinson Holdings, on reports its venture in Vietnam might secure a US$700mil FPSO job.
It said a news report stated ECM Libra could pay bumper dividend of at least 60 sen per share following the sale of its investment banking & securities businesses to K&N Kenanga.
It said that reflecting the positive vibes, the DJIA June futures contract jumped to hover at a 150-point premium to the spot rate this morning.
"The better external sentiment is expected to lift our Malaysian bourse too. On the chart, the benchmark FBM KLCI could rise towards the immediate resistance threshold of 1,580 ahead," it added.
HDBSVR said among the stocks that may ride on the market strength include Yinson Holdings, on reports its venture in Vietnam might secure a US$700mil FPSO job.
It said a news report stated ECM Libra could pay bumper dividend of at least 60 sen per share following the sale of its investment banking & securities businesses to K&N Kenanga.
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