FBMKLCI
1654.37 -28.28pts (-1.68%) Volume 1.914b Value RM 1.992b
1) The KLCI slumped for a third consecutive day to an
intraday low of 1649 on extended selling in TENAGA -3.51%, after fall in forex
reserves below the $100bn mark and weaker crude oil prices. Regional bourses
were mostly cautious NIKKEI +0.41%, HSI -0.13% except SHCOMP +4.93% on
expectations of further easing by the PBOC following weaker than expected
inflation and export numbers. TECHNOLOGY -4.77% slumped dragged by UNISEM
-9.14%, MPI -7.42%, INARI -3.77%. Market breadth was negative as losers thumped
gainers 923 : 94. Futures closed at 1641.5 (13pts discount).
2) Heavyweights : TENAGA -3.51% RM11.00, CIMB -3.59%
RM5.11, MAYBANK -1.79% RM8.80, PCHEM -4.29% RM6.01, PBBANK -1.05% RM18.88, TM
-2.88% RM6.41, SKPETRO -3.85% RM2.25, SIME -1.18% RM8.40.
3) DBT: APPASIA 13mil @ RM0.10 (48% discount), KPOWER
2.749mil @ RM0.43 (4.88% PUC @ 4.44% discount), PESONA 2.507mil @ RM0.56 (8.74%
premium), ACOSTEC 2.213mil @ RM0.62 (5.34% discount).
4) Situational:-
EDGENTA +2.21% RM3.24 - UEM Edgenta Bhd announced that
its unit, Edgenta Mediserve Sdn Bhd, had obtained an extension of contract
worth RM77.7m. UEM Edgenta said Edgenta Mediserve Sdn Bhd received confirmation
from Sedafiat Sdn Bhd for the extension of the current services agreement for
six months from October 1. The extension is expected to contribute positively
to the earnings, earnings per share and enhance net assets per share of the
company for the financial year ending Dec 31, 2015.
WCT -3.03% RM1.28 - WCT Holdings Bhd Paradigm Mall saw
18% of its tenants close shop and move out about two months ago, leaving behind
vacancies that have yet to be taken up in the mall's first wave of tenancy
renewals since it opened for business about three years ago. A total of 53
units out of 289 units closed at the end of May 2015, due to the expiry of
their tenancy tenure.
5) SCOMI ENERGY
Scomi Energy Services Bhd''s Marine Services has secured
contracts worth more than RM140 million in the last four months from within the
region. The contracts are for the transportation of coal and provision of
offshore vessel services to clients in Indonesia, Malaysia and Thailand.
Demand for coal from Malaysian coal-powered power plants
is expected to increase over the next few years, in line with the projected
increase in total electricity generated for the country hence they plan to
continue bidding for more affreightment contracts to maximise the utilisation
rates of the vessels.
For the offshore services unit, which provides vessel
services to the oil and gas industry, the company is actively bidding for work
in India, Myanmar, Indonesia, Malaysia and the Middle East.
6) Market - Sentiment driven selling primarily triggered
by falling reserves and political issues will continue to weigh on the KLCI for
the balance of the week. With the initial 1660-1680pts breached the coming days
will be critical to observe if major GLCs participate in shoring up confidence.
Failure to do so could see the market trend lower towards early 2012 levels of
1610pts lvls.
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