FBM 1618.55
-4.42pts (-0.27% )
Volume 892mil Value RM1,569mil
1) KLCI extended
declines, bucking the positive regional markets as index traded in negative
territory over the day weighted by losses in AXIATA, PCHEM and IOI. Regionals
were boosted by HSBC China PMI which showed manufacturing sector expanded for
the first time in 13 months. JCY-17% which fell on weaker earnings led other tech
stocks GTRONIC-1.4%, UNISEM-0.5% lower. Market breadth was negative with
decliners leading advancers 384:219. Future closed 1613.5 (5 pts discount).
2) Heavyweights: AXIATA-1.84% RM5.87, PCHEM-1.4% RM6.31,
IOICORP-0.82% RM4.83, DIGI-0.62% RM4.77, CIMB-0.39% RM5.87, RHBCAP-2.37%
RM7.42, YTL+2.35% RM1.74, PETDAG+2.27% RM22.48,
3) DBT: AIRPORT 106mil @ RM5.50 (8.76% PUC), KRETAM
2.2mil @ RM1.85 (8% discount)
4) Situational:
AIRPORT-1.25% RM5.53: Share price were weaker after
Khazanah Nasional Bhd placed out more than 8.76% in Malaysia Airports Holdings
Bhd (AIRPORT) reducing its stake to almost 41%. The exercise
saw 106mil crossed at RM5.50, at the lower end of the RM5.50-5.60 pricing
range.
5) UOA DEV
9 mths Sept 2012
Tover +31.7% RM627.9m Net -4%
RM247.8m EPS 19sen
Cons(f) RM268.5m
Total expenditure for the quarter under review of RM25.6
million comprises marketing expenses of RM16.8 million, property maintenance
expenses of RM2.9 million, administrative and operating expenses of RM4.8 million and finance costs of RM1.1 million.
The higher revenue and profit were mainly due to the
progressive recognition from the Group's on-going development projects namely
Setapak Green, Camellia Serviced Suites, Le Yuan Residence, Vertical Office
Suites and the recently completed Binjai 8. The disposal of the Group's
inventories at Bangsar South and Kepong Business Park during the 3Q also
contributed to the increase in revenue and profits.
Year-to-date new sales have climbed to a record high of
approximately RM1.24 billion from projects such as Desa Green, Kencana
Square and Scenaria @ North Kiara Hills which are targeted to launch in 4Q
2012. The total unbilled sales as at 30 September 2012 stood at
RM797.7 million. HOLD
6) Market - The KLCI continued to languish behind firmer
regionals largely due to the disappointing set of numbers from the reporting
season so far. Big caps that will announce results next week include GEnting,
Sime, MISC, Maxis, FElda, TM.
