FBMKLCI
1827.42 +9.15pts (+0.50%) Volume 1.821b Value RM1.934b
1) The KLCI regained some grounds after closing at a
5-week low on Thursday, following the stronger broad market after better
European and US economic data boosted sentiments. In the regional scene,
bourses were generally weaker weighed by SHCOMP -4.06% which slumped to 4
months low after reports of a tougher margin requirements amongst brokerage
firms, HSI -1.31%, HSCEI -2.64% also fell while the ASX -0.02% closed flat even
after RBA cut rates to record low. In the local scene, INDUSTRIAL +1.07% index
gained the most grounds boosted by PCHEM +2.21%, LAFMSIA +2.90%, CMSB +3.55%.
Market breadth was negative with losers edging gainers by 434 : 362 . Futures
closed at 1820.5 (7 pts discount).
2) Heavyweights : GENTING +2.85% RM9.00, PCHEM +2.21%
RM6.00, SKPETRO +3.00% RM2.74, GENM +2.32% RM4.40, MAXIS +1.58% RM7.05, AXIATA
+0.89% RM6.80, MISC -2.84% RM8.89, TENAGA -0.55% RM14.28.
3) DBT: GENM 86.676mil @ RM4.30 (1.46% PUC), PUC 50mil @
RM0.14 (4.70% PUC), SGB 32.299mil @ RM0.42 (30.909% PUC).
4) Situational:-
IJM -0.40% RM7.30 - Construction group IJM Corp Bhd,
which is on the lookout for power generation assets to venture into that
sector, is exploring the possibility if it can acquire the power plants under
1Malaysia Development Bhd (1MDB). There is no offer on the table or any board
meeting slated to deliberate on the matter.
SCIENTEX +0.45%
RM6.68 - Scientex Bhd's wholly-owned subsidiary, Scientex Quatari Sdn Bhd, will
build 1,420 units of affordable properties with a gross development value of
RM184.0m at the Scientex Pasir Gudang Park in Johor. Scientex Chairman said the
project, which is slated for completion in 2017, is in support of the Johor
state government's Affordable Homes Project to provide affordable properties in
Pasir Gudang. These properties will be priced from RM80,000 to RM150,000 per
unit. Since 1995, they have delivered more than 9,000 units of affordable
houses in Johor that are priced below RM200,000 per unit.
5) HANDAL : announced that Handal Offshore Services Sdn.
Bhd, a wholly-owned subsidiary, has on 5th May 2015 accepted the Letter of
Award dated 18th February 2015 from SapuraKencana Petroleum Berhad to supply
pedestal crane API-2C for EPCIC of Remote WHPS for Full Development North Malay
Basin Project The Contract's effective date is on 18th February 2015 & is
for a duration of 44 weeks at a contract price of RM14.57m; +ve, contract is
expected to contribute positively to revenue and earnings of the HRB Group for
the financial year ending 2015. Encouraging, as this contract coming on after
the RM4.5m EPCC Integrated offshore crane services provider and fabricator
contract with Petronas Lubricants International SB (PLISB) for the supply of
engineering, procurement, construction and commissioning (EPCC) works in Dec
2014.
6) Market: The local market is expected to consolidate
further within the range of 1800 -1845 points with downward bias while awaiting
new catalysts. Corporate earnings results will continue to be in the limelight
in this shortened trading week.
