1) The KLCI dipped to a low of 1800.95 (-5.66pts) after
DOW closed weaker overnight while surprise interest rate cut by ECB raised
concerns economic recovery are slowing. Index gradually reversed its losses and
managed to edged up before closing action namely MAYBANK, PPB, PETGAS were hit
down at close. In the regional market, the SHCOMP -1.09% and HSI -0.60% closed
lower ahead of the 4 days Communist Party Plenum this weekend. In the local
market, Industrial index was the underperforming sector losing 1.62% weighed
down by PCHEM -3.80, PETGAS-1.64%, LAFMSIA -1.72%. Market breadth was positive
with gainers outpacing losers by 404 :354. Futures closed at 1801 (3 pts
discount)
2) Heavyweights: PCHEM -3.80% RM6.83, PETGAS -1.64%
RM23.88, GENM -1.09% RM4.50, PPB-1.54% RM14.06, BAT -1.15% RM63.15, SKPETRO
+4.61% RM4.31, PBBANK +0.43% RM18.32, CIMB +0.36% RM7.62
3) DBT : BARAKAH 33mil @ RM0.8788 (5.288% PUC @ 20.2%
Discount), IJM 4.39mil @ RM5.79, YINSON 1.30mil @ RM4.70 (3.7% discount)
4) Situational:-
DESTINI +4.167% RM0.375 -
The Defence Ministry has awarded a RM95m contract to Destini for the
provision of routine maintenance, repair and overhaul (MRO) services to the air
force's safety and survival equipment. The three-year contract would cover the
Royal Malaysian Air Force's (RMAF) equipment including ejection seats, crash,
salvage and recovery equipment, and fire protection equipment and system.
5) GUINESS
1Q 9/2013 Tover
-17% RM325.8m Net -13% RM49.6m EPS16.4sen
The lower revenue was due to the planned reduction in
distributors stocks and also lower consumer demand with rising cost of living.
Margins however improved with better cost management and favourable product
mix.
Management is guiding for new marketing initiatives and
new offerings to protect its market share.
Defensive holding as long as the company can continue to
consistently provide a 4+% dividend yield.
6) Market - Maintain volume focus in mid/small cap names
as big caps continue their consolidation ahead of this reporting season.
