FBM30 1558.77 +2.11 points (+0.14%) Volume 1,695mil Value 1,941mil
1) The KLCI traded in a tight range today despite better-than-expected housing and job market US reports High: 1559.6, Low: 1553.6). Most of the investors stuck to the sidelines ahead of the weekend while profit taking was evident in several institutional names (MSC-8.9%, ORIENT-4.3%, MBMR-5.5%, GENTING-2.4%).
Market breadth however turned positive in the afternoon with gainers leading losers 425:373.
Futures closed 1562.5 (4 points discount).
2) Heavyweights: IOICORP+1.9% RM5.43, MAYBANK+0.8% RM8.77, AXIATA+1.2% RM5.15, YTL+5.6% RM1.50, TENAGA+1% RM6.25, PPB+0.9% RM17.10, BAT+0.8% RM52.56, AIRASIA+0.8% RM3.61, GENM+0.5% RM3.87, GENTING-2.4% RM10.46
3) DBT: ENVAIR 17.1mil @ RM0.20, CSL 13mil @ RM0.97, JCY 12mil @ RM1.24
4) Situationals:
CSL+15.8% RM1.10: China Stationery Ltd made a firm debut on Bursa as it surged as high as RM1.14 (+20%). Its executive chairman, Chan Fung @ Kwan Wing Yin, said, "We plan to increase research and development efforts by improving and upgrading the company's existing facilities through acquiring new machines to carry out quality control testing of the products as well as increase annual production capacity." Of theRM85.5 million gross proceeds from the initial public offering, RM29.42 million was for purchase of machines; RM10 million for working capital; RM10.78 for advertising, branding and promotional activities; RM25 million for the purchase of machines for the research and development department; and, RM10.30 million for listing expenses. CLS manufacturing plant is located in Putian, Fujian Province, China.
5) MAXIS
FYE Dec 2011 Tover -1% RM8.8bn Net +10% RM2.527bn EPS 33,7sen
FYE Dec 2011 Tover -1% RM8.8bn Net +10% RM2.527bn EPS 33,7sen
4% below cons(f) RM2.26bn *excl tax incentive Overall numbers remained largely flat with Mobile services operating profit remaining at RM3.235bn . Total subscriber dipped 9% to 12.725m mainly lost from the prepaid subscriber segment. Blended monthly ARPU however crept up marginally from RM50 to RM52. Higher net profits were due to last mile broadband tax incentive for current and prior years amounting to RM352m.
Going forward it will continue to concentrate on growth from wireless broadband, internet accounts and non voice services. Its home site segment which has yet to gain any traction could see a stronger year ahead as total homes with access to fibre network access is expected to hit 1.3m by end 2012.
It declared a final dividend of 16sen bringing full year payout to 40sen, short of the recently rumored special dividend payout.
6) Market - An expected break out above 13000 in the DJIA could be the catalyst markets are waiting for to push out of this recent range trading. Stock to pick up and benefit in the ally incl DRBHcm, Genting,
MAS, TimeCom, Coastal C
MAS, TimeCom, Coastal C