KUALA LUMPUR: Companies with recent announcements that could turn the trading spotlight on them include Berjaya, Vestland and Titijaya Land, said Apex Research.

       Berjaya Corp Bhd is selling its waste management business to Naza Corp Holdings Sdn Bhd for RM700 million cash.

       Vestland Bhd has been awarded a RM93 million design and build contract for three blocks of 15-storey apartments and related facilities in Shah Alam.

       Titijaya Land Bhd is acquiring Menara TM Semarak in Kuala Lumpur from Menara ABS Bhd for RM72 million.

       Overnight, the US market rose amid corporate results and ahead of retail sales and industrial production data.

       Earlier, European markets ended lower after China’s GDP was below expectations.

       On the local market, the FBM KLCI dropped 5.99 points or 0.42% to 1406.10 points as profit taking kicked in.

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       "Following the pullback, the FBM KLCI could consolidate below the resistance of 1,437 points," said Apex.