FBM 1641.08
+0.01pts (+0.00% ) Volume
777mil Value RM1,320mil
1) KLCI managed to rebound from its low (1632.36
-8.71pts) for the 2nd consecutive days on buying support for selected blues led
by GENTING, AXIATA as regionals continued to fall on concerns stemming from the
Europe's debit crisis despite China data showing stronger IPI and lower CPI .
Volume traded were markedly lower as investors stayed away ahead of the upcoming
holiday shorten week. Market breath stayed negative, with decliners leading
advancers 355:288. Future closed 1634.5 (6.5 pts discount).
2) Heavyweights: GENM-2.24% RM3.50, SIME-0.31% RM9.70,
MAXIS-0.74% RM6.67, YTLPOWR-1.88% RM1.57, GENTING+1.51% RM9.40, AXIATA+0.51%
RM5.94, IOICORP+0.4% RM5.03, HLBANK+0.69% RM14.70
3) DBT: WINSUN 5mil @ RM0.12 (26% premium), KULIM-WC
1.95mil @ RM1.00 (2.9% discount)
4) Situational:
REDTONE+2.5% RM0.405: The Malaysian Communications and
Multimedia Commission (MCMC) has shortlisted three companies for the
digital terrestrial television broadcast (DTTB) infrastructure contract and the
first rollout is expected to be in early 2014. i-Media Broadcasting Solutions
Sdn Bhd, Puncak Semangat Sdn Bhd and Redtone Network Sdn Bhd has been
shortlisted out of 8 bidders and must submit a more detailed business plan
based on their original submission submitted for the first round of evaluation.
The results of the second round evaluation were expected to be announced in
July 2013.
SIME-0.3% RM9.70: Former deputy prime minister Tun Musa
Hitam, 78, decided to step down as director and chairman of Sime Darby Bhd
after holding those positions for more than five years. In an AGM and EGM that
were held concurrently, Musa announced that he did not seek for reappointment
citing his age factor and after steering the group out of the doldrums. EPF
chairman Tan Sri Samsudin Osman will be the interim chairman until a
replacement is appointed.
5) JAKS RES
JAKS was awarded 3 contracts from KH Chew Architect (on
behalf of MNH Global Assets Management Sdn Bhd) for the project at Ara
Damansara to the tune of RM367.25m. This is for the proposed construction and
completion Main Building Works for Block F (Phase 2A) (RM37.26m), proposed
construction and completion of Main Building Works for Block J (Phase 3)
(RN42.39m), Proposed construction and completion of Phase 2B comprising the
Main Building Works for Retail Mall and Service Apartment Blocks G&H at Ara
Damansara (RM287.6m)
To-date JAKS Sdn Bhd has received construction contracts
for the Ara Damansara projects totalling approximately RM820 million. It also received the following award of contract from PI
Architech (on behalf of JAKS Island Circle Sdn Bhd) for the proposed
sub-structure works for proposed mix development at Section 13, Petaling Jaya
valued at RM171m.
None of the Directors or Major Shareholders of JAKS and
persons connected with them has any interest, direct or indirect, in the
Contract save that MNH Global Assets Management Sdn Bhd is wholly owned by
Island Circle Development (M) Sdn Bhd (ICDSB), a major shareholder of JAKS
Island Circle Sdn Bhd, which is 51%-owned by JAKS Sdn Bhd and 49%-owned by
ICDSB.
Medium term prospect continue to rely on related party
construction projects.
6) Market - Tight range trading market ahead next weak on
lower volume as it will be a holiday truncated week with Deepavali falling on
Tues and Awal Muharam on Thurs.
