JF Apex Research expects Reach Energy, Media Prima, plantations, - TopicsExpress

JF Apex Research expects Reach Energy, Media Prima, plantations, Malaysian Resources Corporation Bhd (MRCB), OOSKProperty and Notion Vtec to see trading interest on Friday. It said Reach Energy will make its debut on Bursa Malaysia at an offer price of 70 sen each. Media Prima reported a 40% slump in net profit for its 2Q results while plantation counters could be under pressure as the CPO futures prices plunged to five-year low tracking losses on Chicago soybean oil. JF Apex Research said MRCB has sealed a deal with EPF to develop the Rubber Research Institute Malaysia land in Sungai Buloh which has a gross development value of RM8bil.

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