FBM30 1521.73, +7.6 points (+0.5%), Volume 1,643mil, Value 1,706mil
1) KLCI was firmer tracking gains from SHCOMP+3%, HSI+1.5% as regionals recovered from earlier weakness on eurozone funding concerns to close higher after China's new lending and money supply increased indicating the government is taking steps to improve liquidity as the economy slows. Index jumped 4points at close on markup of heavyweights led by CIMB and TENAGA. Penny names dominated volume led by KHSB+37%, SANICHI+15% and NEXTNAT+8.7% while HARVEST+31% reached limit up after Bursa lifted its designated securities status. Market breadth was positive with advancers nearly doubling decliners 491:264. Futures closed 1524.5 (3 points premium).
2) Heavyweights: CIMB+1.53% RM7.29, TENAGA+2.18% RM6.09, PETGAS+2.03% RM15.10, MAXIS+1.63% RM5.62, AXIATA+0.6% RM4.98, BAT+2.21% RM49.84, TM+1.04% RM4.86, GENTING-0.89% RM11.14
3) DBT: BJCORP 618mil @ RM0.925 (14.5% PUC, 2% discount), SUNREIT 13.1mil @ RM1.22 (1.1% PUC, 10.5% discount), XDL 5.9mil @ RM0.32.
4) Situationals:
KHSB+37% RM0.50, KPS+12.4% RM1.18: KHSB topped the volume after Kumpulan Perangsang Selangor Bhd (KPS) was reported to be looking for ways to restructure the group with a possibility of privatizing its subsidiary KHSB. KPS owns 56.7% of KHSB whom is in the property development and mining business. KHSB's net asset per share is around 80sen.
JAKS+5.8% RM0.635: Share price surged to RM0.635 before trading was suspended as JAKS intends to make a material announcement on the proposed joint venture for the independent power plant project in Vietnam.
INARI+6.67% RM0.40: entered into a MOU with the existing shareholders of Amertron Inc (Global) Limited (Amertron), represented by Richard Ta-Chung Wang to enter into negotiations for the proposed acquisition of 100% equity interest in Amertron. Amertron is an investment holding company incorporated in the Cayman Islands in 2001 with subsidiaries involved in the provision of electronics manufacturing services.
5) DRBHCM/ POS
DRB is currently looking into the pre acquisition transformation plans structured by its 32.2% held POS Malaysia to blend in with the group. POS (M) had a 39 point transformation plan before it was acquired by DRB. The new direction will include identifying new areas of businessto guarantee the company remains competitive.
DRB has identified 17 new businesses that it could tap into via POS. POS current sales mix comprised of 70% mail, 20% courier and 10% retail. +ve
6) Market - Uptrend still intact with focus remaining firmly on situationals and 2nd liners, Trading Buy TimeCom, Lion Div, and Glomac. TNB broken psychological resistance of RM6, looking to test RM6.50, buy
