FBMKLCI
1817.38 +1.73pts (+0.15%)
Volume 1.705b Value 1.801b
1) The KLCI opened higher after US stocks advanced on
softer economy data supporting the current loose monetary stance, and traded in
a tight band before closing positive. Regional indices took the US lead of Fed
to continue to delay QE tapering till next year SHCOMP +1.48%, NIKKEI +1.23%,
HSI +2.00%, STI0.67%, KOSPI +0.38% all closed in positive territory. In the
local market, PLANTATION index +0.72% outperformed the CI after CPO prices rose
for a 3rd day today, the index was led by GENP +6.79%, BKAWAN +0.30%, KRETAM
+1.45%. Market breadth was positive with gainers beating losers by 428 : 363.
Futures closed 1822 (5.5pts premium)
2) Heavyweights:
GENTING +1.71% RM10.66, GENM +0.93 RM4.33, YTL +1.22% RM1.65, UMW +1.23%
RM13.16, FGV +1.12%, DIGI -0.98% RM5.01, PBBANK -0.32% RM18.40, SKPETRO -0.73%
RM4.06.
3) DBT : TUNEINS 32mil @ RM1.82 (4.25% PUC @ 5.3%
discount), COMPUGT 2.5mil @ 0.05, POHKONG 2mil @ RM0.47
4) Situational:-
SCABLE +6.21% RM1.71 - Sarawak Cable Bhd, via its JV unit
Sinohydro-Trenergy has secured two contracts worth RM618.6m from Sarawak Energy
Bhd (SEB) to lay transmission lines. The JV has accepted the Letters of Award
for the Mapai to Lachau 500kV transmission line project (Package B) for
RM352.8m and the Lachau to Tondong 500kV transmission line project (Package C)
for RM265.8m.
GADANG -1.03%
RM0.96 - Gadang Holdings Bhd has acquired 80% stake in Indonesia-based power
company PT Hidronusa Rawan Energi (HRE) for 10.8bn rupiah (RM3.06m). In a
filing with Bursa Malaysia, Gadang said its indirect wholly-owned subsidiary,
Asian Utilities Pte Ltd, had entered into a sale and purchase of shares
agreement with Angga Panji Kesuma and Aprian Eka Rahadi to acquire 6,000 shares
of nominal value 1m rupiah each, representing 80% stake in HRE.
5) TOP Glove
Its wholly-owned subsidiary, Top Glove Sdn. Bhd. has been
granted with a patent titled "Former Carrying Assembly",by the
Registrar of Patents, Malaysia.
"Former Carrying Assembly" is the design of the
holder of the hand-moulds, which is attached to a conveyor system for the
dipping of gloves. This invention has increased production output efficiency by
double.
- Prefer Kossan as a better value proposition at these
levels.
6) Market - Rotational play to continue with focus on
O&G names ahead of Friday's listing of UMW's O&G arm.
