FBMKLCI
1731.68 +4.82 (+0.28%)
Volume 1.788b Value RM1.886b
1) The KLCI traded
sideways before closing at its day high boosted by gains in PCHEM +3.60%, ASTRO
+4.76% inline with the stronger Wall St overnight. Regional bourses were higher
led by SHCOMP which gained +2.48% , HSI firmed +0.26%, STI +0.47%, NIKKEI +0.28%.
INDUSTRIAL +1.18% index gained the most grounds helped by PCHEM +3.60%, LAFMSIA
+1.37%, HARTA +0.93%. Market breadth was positive as gainers outpaced losers by
443 : 353. Futures closed at 1729 (2pts discount).
2) Heavyweights : PCHEM +3.60% RM6.32, ASTRO +4.76%
RM3.08%, CIMB +0.90% RM5.60, IOICORP +1.50% RM4.05, YTL +1.96% RM1.56, GENTING
+0.73% RM8.24, SIME +0.46% RM8.56, TENAGA -2.14% RM12.78.
3) DBT: 138.324mil
@ RM0.13 (10.464% PUC), DAYA 11mil @ RM0.115, RSAWIT 10mil @ RM0.44.
4) Situational:-
DESTINI +2.27% RM0.675 - Destini Bhd's wholly-owned unit,
Destini Aviation Sdn Bhd (DASB), and Avia Technique Ltd, a company incorporated
in England, have established a new joint-venture company (JVCO). Destini said
both companies, which signed a joint venture agreement yesterday, agreed to
each hold a 50.0% stake in the JVCO. Destini said the JVCO will, among others,
carry on the business of provision of inspection, repair and overhaul services
of aircraft components. With vast experience in the defence aviation
maintenance, repair and overhaul (MRO) on safety and survival equipment,
Destini said, it was positioning itself to expand its services into the
commercial aviation sector.
5) MRCB : announced that it had today accepted the award
of contract for the construction of a Conference Centre, Desa Desaru and Westin
Desaru Resort at Desaru Coast for a total contract price of RM485 million from
Destination Resorts and Hotel ("DRH"). DRH was established in 2010 by
the Malaysian Government's investment arm, Khazanah Nasional Berhad. It is the
strategic owner and developer of Desaru Coast, a world class premier travel
destination within the region which is located on Johor East Coast. On 18 June
2015, DRH through its subsidiary companies had awarded the 3 construction
projects to MRCB on the following terms - Conference Centre (RM61.4m), Desa
Desaru ( RM212m & Westin Desaru Resort ( RM211.6m). The construction period
of the above projects is between 19 to 21 months from the date of site
possession of 25 June 2015; +ve, projects are expected to contribute positively
to the future earnings of MRCB Group. We remain cautious on the company's
short-term prospects, given its high exposure to the presently unfavourable
highend high-rise residential segment. Earnings in the coming quarters should
be driven by the RM1.8bn of unbilled property sales and a pick-up in progress
billings for its RM1.1bn outstanding order book.- Down side limited at these
levels BOW.
6) Market :
Although technical indicators are reversing from oversold territory, they
remain neutral and could see the KLCI test the 1750pts on 1H closing
momentum.
