FBMKLCI
1721.07 +0.70pts (+0.04%)
Volume 1.781b Value RM2.236b
1) The KLCI surrendered early gains and closed flat on
Friday as local investors remains cautious despite sentiment improved on upbeat
manufacturing data in China and Europe. Meanwhile, regional markets remains
cautious as it close off its highs while investors awaits further confirmation
on global market recovery. In the local bourse, volume were dominated by penny
stocks namely MAS -, TMS -5.556%, FLONIC -18.182%. Market breadth was
marginally negative with losers barely edging gainers by 391 : 386. Futures
closed 1709.5pts (12 pts discount).
2) Heavyweights : GENM +3.70% RM4.20, MAYBANK +0.811%
RM9.95, BAT +2.975% RM62.30, PBBANK +0.47% RM16.98, AXIATA -0.912% RM6.52, DIGI
-1.505% RM4.58, PETGAS -1.594% RM19.76, SKPETRO -1.648% RM3.58, UEMS -3.030%
RM2.56
3) DBT : MEDIAC 70mil @ RM0.908 (4.149% PUC @ 15.93%
discount), TROP 50mil @ RM1.71 (4.535% PUC), MQTECH 30mil @ RM0.15 (13.012% PUC
@ 31.82% discount), KEURO 13mil @ RM1.36 (2.269% PUC @ 13.34% premium)
4) AIRASIA -3.65%
RM2.64: Malindo Air is looking to compete with Airasia in India after
announcing three new routes to New Delhi, Boombay, and Kochi. The airline has
submitted application to the Indian authorities with response expected in next
one or two months. Malindo will also be starting new flights to Dhaka, Bangladesh by next week.
5) SUNWAY
The company today accepted the letter of award worth
RM282.9 million from Pulau Indah Ventures Sdn Bhd [a joint venture company
between Khazanah Nasional Berhad and Temasek Holdings (Private) Limited] for the
proposed development for mixed development "Urban Wellness"
comprising :
i) 1 block of
corporate training center (5-storey and 1 unit of commercial space on the
ground floor)
ii) 1 block of health center building (4-storey)
iii) Car park podium (1-storey and 5 commercial space at
basement)
iv) Basement car park [2 levels (P1 & P2)] 2. Phase 2
(PTD 170679)
i) 1 block of service apartment A [23-storey (147
units-in stratified)]
ii) 1 block of service apartment B [33-storey (310 units)
with 2 units of commercial space at the ground floor]
iii) 1 block of commercial building (1-storey)
iv) Car park podium (2-storey and 4 units of commercial
space at basement 1)
v) Basement car park [2 levels (P1 & P2)] 3. Car park
- 4 levels at open space reserve land (Government land) [hereinafter referred
to as the "Proposed Project"].
The Proposed Project is expected to commence on 1
September 2013 and completed by 31 October 2015 with a construction period of
26 months.
+ve as we remain positive over the company especially
with recent selldown. Rerating catalyst to come from project launches in
Iskandar and Singapore.
6) Market - Maintain cautious stance with market
consolidating around current levels at best.
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