FBMKLCI
1698.99 -0.71pts (-0.04%) Volume 1.364b Value RM 1.735b
1) The KLCI closed flat despite the stronger US market
overnight which rebounded before the FOMC meeting tonight. Regions were broadly
higher as SHCOMP gained +3.44%, HSCEI +0.90%, HSI +0.47%, ASX +0.71% on hopes
that the local government will implement a stimulus to support the market.
Broad market was stronger despite the weaker CI with CONSTRUCTION +1.47% names
gaining the most grounds today, namely GAMUDA +4.57%, WCT +3.70%, SENDAI
+4.73%. Market breadth was positive as gainers edge losers by 444 : 371.
Futures closed at 1695 (4pts discount)
2) Heavyweights : TENAGA -0.81% RM12.14, SIME -1.05%
RM8.42, CIMB -0.75% RM5.29, SKPETRO -1.27% RM2.33, GENTING -0.98% RM8.01, MISC
+1.98% RM7.70, WPRTS +5.26% RM4.00, PBBANK +0.31% RM18.84.
3) DBT: CAP 100mil
@ RM0.28 (16.35% PUC), IDMENSN 13.256mil @ RM 0.1038 (2.67% PUC @ 21%
discount), BARAKAH 10mil @ RM 0.95 (1.22% PUC @ 2.6% discount), HIBISCS 9mil @
RM0.735 (12% discount).
4) Situational:-
OWG +0.72% RM2.78 - Only World Group, via its
wholly-owned unit, Believe It or Not Sdn Bhd, has signed a conditional share
sales agreement to acquire 60.0% stake in
Escaperoom Holdings Sdn Bhd (EHSB) for RM5.4m. EHSB is a registered
proprietor of Escape Room brand and principally involved in providing real-life
physical adventure games/puzzle business. OWG Managing Director/Chief Exceutive
Officer said the acquisition was OWG's first corporate exercise since its
listing in December 2014.
MPAY +1.72%
RM0.295 - ManagePay Systems Bhd rolled out its MPay Chip & PIN product on
July 28 to offer its electronic payment solutions to financial institutions.
ManagePay said the solution would enable it to expand its presence in the
vertical markets, such as insurance providers. The solution supports
omni-channel output such as on-premise payments, on-thego payments or
integrated solutions, which would facilitate ease of payment.
5) BSTEAD : In an update on the MOUs entered into between
Boustead Atlas Hall Sdn Bhd and Olio Resources Sdn Bhd to record their mutual
cooperation as a platform for the parties to tap into the opportunities in the
Malaysian oil and gas sector, it was announced that they have submitted tender
bids in two oil and gas upstream projects - the first project involves the
rental of seawater filter skid for new platform and the second is the provision
of seawater treatment package for waterflooding project relating to enhanced
oil recovery operation. In the 2nd MOU between Boustead Atlas Hall Sdn Bhd and
KPRJ Petroleum Sdn Bhd , it was revealed that both parties have conducted Joint
Coordination Meetings and are in the process of evaluating onshore business
opportunities and cooperation in Pengerang Integrated Petroleum Complex (PIPC)
by both the Federal and State Governments and refinery and petrochemical
integrated development project (RAPID) by PETRONAS; Neutral on news - the stock
appears attractive now following the price weakness, trading at a deep discount
to the assets value (Bk value/share RM4.55). The delays in the Littoral Combat
Ship (LCS )and new property development projects have been major drags to the
share price. On the flip side, these projects could be the key earnings and
share price drivers going forward.
6) Market : Indicators suggest that the FBMKLCI is likely
to remain bearish, heading towards the 1688 support level after it struggled to
stay above the 1,700 support level. With no catalyst in sight, cautious trading
is expected to continue through the week.
