FBMKLCI
1852.95 -14.01pts (+0.75%)
Volume 1.245b Value 1.351b
1) The KLCI slipped today on profit taking after the
index peaked at an all time high of 1882pts on the last day of 2013 with index
touching a low of 1848.83 (-18.13pts). In the regional market, SHCOMP -0.31%
slipped into the red after the country's PMI data signalled slower growth for
the month of December. In the local market, volume was healthy today due to
selling pressure of bluechip stocks where SKPETRO -3.46%, TENAGA-1.8%, IOICORP-2.33%,
weighed the index down. Market breadth was negative with losers beating gainers
by 406 : 347. Futures closed at 1853 (parity)
2) Heavyweights: PBBANK -1.64% RM19.08, TENAGA -1.75%
RM11.18, SKPETRO -3.469% RM4.73, IOICORP -2.33% RM 4.60, PETGAS -1.89% RM23.82,
TM -2.70% RM5.40, KLK -2.32% RM24.32, UMW +2.81% RM12.40
3) DBT: PUC
54.166mil @ RM 0.1248 (6.41% PUC @ 53% discount), IGB 4.101mil @ RM10.995mil
(4.7% discount), TCHONG 2.956mil @ RM6.19 (2.3% premium)
4) Situational:-
PUC +8.163% RM0.245 - The completion of the reverse
takeover (RTO) of ACE Market-listed PUC Founder (MSC) Bhd by London's AIM
Market-listed Resource Holding Management Ltd will enable both companies to
leverage on each other's strengths and core competencies. The RTO will be
completed today with the listing of the 750 million new PUC Founder shares
issued to Resource Holding -while Resource Holding inject the core business of
its unit, Red Media Asia Ltd Group (RMA Group), into PUC Founder for a purchase
consideration of RM90mil.
5) Willowglen MSC - announced that on 30 December 2013,
it's wholly-owned subsidiary, Willowglen Services Pte Ltd had been awarded the
following 2 contracts by Public Utilities Board, Singapore: a) contract valued
equivalent to about RM12.4m for the Upgrading of Existing SCADA System for
Water Supply Network ( commencement date is on 6 January 2014 and will be
completed by 5 January 2016 ) ; b) contract valued equivalent to about RM5.5m
for the Maintenance of the Upgraded Existing SCADA System for Water Supply
Network ( commencement date of the contract is on 6 January 2016 and will be
completed by 5 January 2021); +ve , the 1st contract is expected to contribute
positively to the Group's earnings for the financial years ending 31 December
2014-15 while the 2nd contract from 2016 to 2021.The contracts are not
renewable.
6) Market: Likely to trade sideways as market
consolidates the gains secured in the last 2 weeks of 2013.
