FBMKLCI
1752.02 +57.25pts
(+3.38%) Volume 1,912mil Value RM4,993mil
1) KLCI rallied to a new all-time high of 1826.22
(+131.45pts) in the opening half an hour after the ruling coalition (BN) won at
the GE13 with a simple majority over the weekend. Index pared its gain before
trading in 10pts range 1743-1753 for the rest of the day. The regional bourses
were generally positive boosted by Friday's US payroll numbers that lifted Wall
Street stock index to a fresh new high. Market breadth was significantly
bullish with gainers stomping losers by 870 : 83 respectively. Futures closed
at 1763.5 (9.5pts premium)
2) Heavyweights: CIMB +9.72% RM8.35, MAYBANK +4.06%
RM9.98, GENTING +6.70% RM10.66, TENAGA +5.01% RM8.17, AXIATA +2.57% RM6.77,
GENM +6.04% RM3.86, MAXIS+2.96% RM6.95, UEMLAND +12.87% RM2.98.
3) DBT: DIJACOR 5.5mil @ RM1.50 (6.25% discount), YINSON
1.5mil @ RM2.82 (2.4% discount)
4) Situationals:
HIAPTEK +7.5% 0.43 - Hiap Teck Venture said its
jointly-controlled entity, Eastern Steel, signed a facilitation fund agreement
with the government and Bank Pembangunan Malaysia for a blast furnace project
in Kemaman, Terengganu. Under the deal, the government will provide a 10%
grant, or RM142m, whichever is lower, of the project's construction costs.
5) THHE
THHE proposes to undertake a private placement exercise
of new ordinary shares of RM0.25 each in the Company representing approximately 10% of the issued
and paid-up share capital of THHE. The size of the Proposed Private Placement
will be up to 92,797,000 THHE Shares representing approximately ten
percent of the issued and paid-up share
capital of the Company
Pursuant to the Proposed Private Placement, GuoLine
Capital Limited (“GCL”) and Mr Quek Kon Sean (“QKS”) have agreed to cumulatively subscribe for
92,797,000 Placement Shares at the issue price of RM0.45 per Placement Share
representing a discount of 0.64% to the 5-day volume weighted average market
price of THHE Shares up to 6 May 2013 of
RM0.4529 The Proposed Private Placement is expected to raise gross proceeds of
up to approximately RM41.759 million.
The said proceeds from the Proposed Private Placement
shall be utilised by THHE and its subsidiaries for working capital purposes
and/or potential investment projects related to THHE‟s business.
Interesting development with the entry of Quek into
company.
6) Market – With the major uncertainty of GE13 now out of
the way, the market is likely to move more in tandem with regionals. YTD +3.7%
in the KLCI vs peers of SET +14%, Jakarta +11%, PSI +20.5% would indicate there
is further upside for the market as it now plays catch up.
