FBMKLCI
1774.05 +1.88pts (+0.11%)
Volume 1.486b Value RM1.773b
1)The FBMKLCI saw choppy trade today paring from its low
of 1765.38 (-6.79pts) to close marginally higher as investors sentiment is
positive expecting no major changes from tonight’s FOMC. Regionals saw similar
trading as HSI and SHCOMP recovered from earlier weakness on concern gains in
Chinese home prices could discourage monetary easing. Glovemakers KOSSAN+6.2%,
SUPERMX+3.7%, HARTA+3.7% rose after reports deemed the sector as overweight
with demand for gloves remaining robust.
Market breadth was slightly positive with gainers leading losers marginally,
441:311. Futures closed 1766.5 (7.5pts discount).
2) Heavyweights: CIMB +0.84% RM8.27, MAYBANK+0.57%
RM10.44, IHH +1.02% RM3.96, PETGAS+0.47% RM21.10, DIGI+0.42% RM4.71,
GENTING+2.05% RM9.46, IOICORP-0.37% RM5.37, YTL-0.59% RM1.68.
3) DBT: MAYBANK 12.25mil @ RM10.35, PICORP 6.297mil @
RM0.13 (0.957% PUC @ 15% discount), TEOSENG 5.317mil @ RM0.65 (2.65% PUC @ 12%
premium)
4) Situational:-
HUAYANG +6.47% RM3.29: Group has acquired a piece of land
in Seri Kembangan to build residential apartments and retail shops with an
estimated total gross development value (GDV) of RM285 million. The 1.509
hectare land was bought through its wholly-owned subsidiary, Prop Park Sdn Bhd,
for RM56.91 million cash, said the company in a statement today. Hua Yang Chief
Executive Officer Ho Wen Yan said the acquisition was in line with the group’s
objective to expand its existing land bank of 292.588 hectares, worth RM3.9
billion in GDV.
5) BJTOTO
4QFY2013
Tover+0.6% RM3,628.3m Net-4.8%
RM395.7m EPS 28.97sen
Core profit 7.6% below Cons(f)
RM418.9m
Ytd net profit fell 4.8% mainly due to higher operating
expenses. Group booked a RM8.8mil gain on disposal of certain quoted
investments in the 1Q. Berjaya Philippines Inc registered an increase in
revenue of 6.6% mainly attributed to improved sales registered by the
Philippine Charity Sweepstakes Office in the current year under review.
Sports Toto, recorded an increase in revenue and pre-tax
profit of 0.3% and 1.8% respectively as compared to the previous year ended 30
April 2012. The increase in pre-tax profit was mainly attributed to lower prize
payout in the current year under review.
QoQ, revenue grew 4.8% but recorded a decrease in pre-tax
profit of 11.1% mainly due to the current quarter having benefited from the
traditionally higher sales during the ChineseLunar New Year festival. PBT fell
mainly due to higher prize payout in the current quarter under review. -HOLD
6) Market: Trading volume likely to slow further with narrower trading range as investors
stayed sideline while they await guidance on QE programs which is expected to
be released in the FOMC statements on Wed US time. Stocks at buy levels are
Dayang, Naim, Genting, Gadang, MahSing, Matrix, SPSetia, UemLand.
