1) KLCI jumped closing at day's high as global equities
were higher on optimism US budget would be resolved soon while recent China's
data indicates a sustainable recovery in economy. Index were supported by
AXIATA, DIGI and Petronas linked companies (PETDAG, PCHEM) as index reached its
highest since 2nd Nov. Market breadth edged positive with advancers leading
decliners 313:308. Future closed 1664 (4.6points premium).
2) Heavyweights: AXIATA+3.36% RM6.76, PETDAG+6.23%
RM23.54, DIGI+1.38% RM5.14, PCHEM+1.64% RM6.19, SIME+0.66% RM9.19, UMW+1.87%
RM12.00, CIMB+0.4% RM7.63, YTL+1.62% RM1.88
3) DBT: SUNREIT 26.5mil @ RM1.45 (1% PUC), PA 20mil @
RM0.11 (2.3% PUC, 18.5% discount), PELIKAN 5.55mil @ RM0.685 (4.8% discount)
ELKDESA+0.86% RM1.17: Hire-purchase company Elk-Desa Resources Bhd (ELKDESA) debuted on the Main Market reaching a high of RM1.23 with 32mil shares traded. It ended marginally above its IPO price of RM1.16. ElkDesa which is a subsidiary of listed UNICO will use its RM29mil raised for expansion in its business. ELKDESA intends to distribute 50% of its net profit as dividend.
5) MAS
Malaysia Airlines and ATR, the French-Italian aircraft
manufacturer inked a Memorandum of Understanding today for the purchase of 36
brand new ATR 72-600 aircraft worth RM 3 billion. The aircraft will be allotted
to MAS two wholly owned subs, Firefly, 20 new aircraft whilst 16 will be
inducted into the fleet of its sister company MASwings.
Currently Firefly operates with 12 ATR 72-500 while
MASwings operates 10 similar aircraft. The additional enhanced series of ATR
72-600s, is expected to arrive gradually from the end of Q2 next year to
complement the demand of Firefly's services and support the network expansion
plans of MASwings.
Share price will continue to underperform, pinned down by
its RM3.1bn cash call to finance its fleet renewal program over the next two
years.
