FBMKLCI
1860.43 0.00pts (0.00%)
Volume 1.610b Value 1.828b
1) The KLCI ended its day on a flattish note despite
negative sentiments in the overall global market weighed down by the weaker US
market overnight. In the regional scene, major bourses slumped after China
services data raise concerns of slower growth in China, HSI -1.05%, NIKKEI-2.93%, SHCOMP -0.89% all
closed lower today just before the release of China Trade data tomorrow. In the
local market, TECHNOLOGY +1.12% index outperformed the CI boosted by hefty
gains in names like UNISEM +6.72%, GHLSYS +5.16%, MPI +1.16%, JCY +0.66%.
Market breadth is skewed towards the negative as losers inched gainers by 373 :
365. Futures closed at 1854 (6pts discount).
2) Heavyweights : GENM -1.42% RM4.16, MAYBANK -0.30%
RM9.78, CIMB -0.27% RM7.33, PETDAG -1.12% RM29.90, PBBANK +1.00% RM20.04, PPB
+1.85% RM16.50, YTL +1.24% RM1.63, KLK +0.66% RM24.16.
3) DBT : KRETAM 13mil @ RM0.62, BIMB 10.405mil @ RM4.00
(2.7% discount), CIHLDG 4.5mil @ RM1.20 (2.77% PUC @ 4.3% premium), YINSON 300k
@ RM7.80.
4) Situational:-
FAVCO 0.00 RM3.40 - Favelle Favco Bhd announced it had
secured six orders for offshore and tower cranes worth RM98mil. They included
purchase orders from companies registered in Singapore, Thailand, China,
Indonesia and Australia, including Keppel Fels Ltd, Thai Nippon Steel &
Sumikin Engineering & Construction Corp, China Merchants Heavy Industry, PT
Megatama and Marr Contracting Pty Ltd. Delivery dates for the orders start from
the second quarter of 2014 to the end of 2015.
5) Maxis
1Q Mar 2013
Tover -9% RM2.1bn Net +2%
RM484m EPS 6.4sen
12% below Cons(f) RM2.2bn
On a year-on-year basis, Group revenue declined by 8.9%
to RM2,119 million whilst service revenue declined by 4.9% to RM2,037 million.
The decline in service revenue during the period under review was primarily
driven by lower voice and SMS usage. Mobile Internet revenue, however, grew by
12.4% year-on-year to RM524 million despite the adverse revenue impact from the
elimination of pay per use charges.
EBITDA margin of 50.6% recorded in the period was higher
than previous period of 48.2%. The improvement was driven primarily by lower
traffic, device related expenses, staff costs and marketing spend.
For the financial year 2014, the Group expects its
service revenue to be similar to financial year 2013, as the industry is fast
maturing most players in this space will be competing to offer the best service
and at the most competitive rates. Maxis expect capex this year to total
RM1.1bn. Declared an interim div of 8sen with expectations of full year yield
of 5.6%. Hold
6) Market - Current conditions to prevail with weakness
in smaller caps as traders unwind recent stocks that have enjoyed strong run
ups. KLCI may drift lower with support seen at 1850pts.
