FBMKLCI
1860.98 -4.30pts (-0.23%)
Volume 1.932b Value 1.893b
1) The KLCI fell today inline with the weaker regionals
as investors sentiment turn cautious amidst escalating tension in the Ukraine
region. In the regional market, HSI -1.50% closed at its day low just before
the release of China's industrial profit report over the weekend, while SHCOMP
-1.00% & STI -0.5% were also lower. In the local market, INDUSTRIAL index
continue to trend lower for a 2nd day weighed by heavyweights MISC -3.39%,
LAFMSIA -2.66%, BAT -0.97% , PPB -0.97%. Market breadth was generally negative
with losers outpacing gainers by 463 : 382. Futures closed at 1853.5 (6.5points
discount).
2) Heavyweights : PCHEM -1.75% RM 6.73, MISC -3.39%
RM6.26, IHH -1.27% RM3.88, SKPETRO -0.92% RM4.28, YTL -1.21% RM1.63, BAT -0.97%
RM61.00, GENTING +0.61% RM9.80, PETDAG +1.32% RM30.62.
3) DBT : HALEX 13.659mil @ RM1.07 ( 13.66% PUC @ 7%
premium), PDZ 5mil @ RM0.165, TMS 2.953mil @ RM0.065
4) Situational:-
N2N +1.05% RM 0.955 - N2N Connect Bhd, one of Malaysia’s
largest providers of online real time trading platform for capital markets,
said it has been invited to enter into a strategic business alliance with
Japan-based Nikkei Corp and QUICK Corp. In a statement to Bursa Malaysia
yesterday, N2N said this was to incorporate their comprehensive financial news and
information services and advanced business analytics, further fortifying
TcProTM, an integrated financial trading platform. This enables more gates to
open for the financial traders to compete vastly.
5) ECOWORLD
Company has announced
Proposed Acquisition of Development Rights to 8 projects from
subsidiaries of Eco World Development Sdn Bhd (EcoWorld Sdn Bhd) with a
combined GDV of RM30 billion. shareholders of EcoWorld Sdn Bhd will subscript
to 806,846,852 new ECOWORLD shares at RM1.70 per share to partially fund the acquisitions.
Company has also proposed a Rights Issue with Warrants to
raise gross proceeds of approximately RM788mil. Company will also Proposed
Private Placement issuing up to 20% of the enlarged capital for EcoWorld
Berhad’s development activities.
Prior to the implementation of the Proposed Acquisitions
and Proposed Share Subscription, Company proposes to implement a share split
involving the subdivision of each of the existing ordinary shares of RM1.00
into two ordinary shares of RM0.50 each.
Upon completion of acquisition, landbank of company
increases to 4,433acres with GDV of RM43.5bn. Ecoworld is targeting sales of
RM2bn for FY14 and RM3bn for FY15.
6) Mkt: Expect further consolidation as Investors
continue to be wary of the slowdown in China and the heightened situation in
Ukraine.
