1) Yesterday's selling pressure continued to weigh down
the KLCI as it closed 4.8pts lower inline with global bourses after US
allegedly reported weaker jobs and factory data over night. NIKKEI fell below
13,000 level for the first time in 2 months, SHCOMP -1.27%, HSI -1.05% and STI
-1.5%. Higher beta stocks saw greater selling pressure with PROPERTY-2.03% and
CONSTRUCTION -1.58% led by UEMLAND -3.85%, SPSETIA-3.03%, MAHSING-5.36%,
GAMUDA-3.30%, WCT -1.52%. Market breadth was bearish as losers trashed gainers
by 593:268. Futures closed 1766.5 (3 pts discount).
2) Heavyweights : CIMB -1.70% RM8.06,TENAGA -0.84%
RM8.25, AMBANK -1.87% RM7.31, ASTRO -4.12% RM3.02, IHH -2.25% RM3.90, UEMLAND
-3.85% RM3.24, IOICORP +1.91% RM5.31, PBBANK +0.35% RM17.00.
3) DBT : OCK 15.05mil @ RM0.50 (5.8% PUC @ 15% discount),
MTRONIC 5.5mil @ RM0.11, TGOFFS 5mil @ RM0.58 (1.7% PUC @ 13.4% discount), CMMT
4.89mil @ RM1.6675 (11.5% discount).
4) Situational:-
MULPHAL +17.3% RM0.61 - Mulpha Land Bhd's unit Mayfair
Ventures Sdn Bhd has acquired two adjacent parcels of leasehold land for
RM116.1mil cash to develop into a mixed commercial development with a gross
development value (GDV) of about RM700mil. Mulpha Land said Mayfair acquired
the land measuring 6.41 acres from Tropicana Gold & Country Resort Bhd, a
wholly-owned subsidiary of Tropicana Corp Bhd. Upon completion of the proposed
acquisition, Mayfair Ventures intends to develop the land for mainly service residences.
5) HEITECH PADU
HeiTech Padu Berhad accepted a Letter of Award from the
Government of Malaysia for the maintenance and services of computer systems for
data center at Jabatan Imigresen Malaysia .
The Contract Value of the project is RM18.95m for a period of two years
commencing from July 1, 2013, to June 30, 2015.
The company continue to be largely reliant on the public
sector but recent numbers have shown that operationally it still lacks the cost
efficiency resulting in weak margins.
6) Market - Bearish sentiment in global markets will
continue top weigh on local sentiment as most investors remain sidelined ahead
of the weekend and key US job data numbers. Immediate KLCI support 1743pts.
