1) KLCI surpassed the 1600pts mark and closed at its
all-time high as index erased its morning losses (LO: 1590.27 -6.06pts) with financials+0.73% leading the key heavyweights following
better than expected official China PMI numbers of 53.1. However
regionals were marginally weaker on speculation China's policy makers might
maintain lending curbs. Broader market was positive in a thinly traded market
as gainers led losers 400:353. Futures closed 1597.5 (6 points discount).
2) Heavyweights: SIME+1.44% RM9.88, CIMB+1.30% RM7.79,
TENAGA+1.87% RM6.55, GENTING+1.48% RM11.00, MAYBANK+0.79% RM8.94, IOICORP+1.12%
RM5.40, PBBANK+0.59% RM13.72, DIGI-2.46% RM3.96
3) DBT: SEG 33.7mil @ RM1.71 (6% PUC, 5% discount), CSL
10.5mil @ RM0.98 (9.2% discount), TASCO 9.5mil @ RM2.05 (9.5% PUC)
4) Situationals:
AFG+1.8% RM3.96: Share price were higher after announcing
DBS Bank Ltd plans to acquire Temasek's 14.2% in AFG and has obtained
the approval of Bank Negara Malaysia (BNM) to commence discussions to acquire
from Temasek's unit, Duxton Investments', its 49% shareholdings in Vertical
Theme Sdn Bhd. Vertical Theme Sdn Bhd,
holds a 29.06% equity interest in AFG. The proposed transaction if successfully
negotiated and completed, is not envisaged to trigger a takeover offer for AFG.
CIMB+1.3% RM7.79: Trading was suspended at midday as
company announced
Royal Bank of Scotland Group Plc, Britain's biggest
state-owned lender, agreed to sell most of its Asia-Pacific cash equities and
investment banking businesses to CIMB for 174 million pounds (RM849.4mil)
effectively valuing assets at 0.98xBV. Trading will resume tomorrow.
Announced that its 50:50 joint venture with Monadelphous
Group Limited, a public listed company in Australian Securities Exchange, via
Monadelphous Muhibbah Marine JV has been awarded an additional contract for the
construction and commissioning of a shiploader associated with the Wiggins
Island Coal Export Terminal Pty Ltd's
Project at Gladstone in Queensland, Australia. This contract follows the
previously announced contract for the construction of the approach jetty and ship
berth for the WICET Project currently under way through MMM of approximately
RM1.05 billion. The additional contract is valued at
approximately AUD60 million (approximately RM192 million) adding to its current
order book of over RM3bn. This contract is scheduled to start immediately and
be completed by first quarter of calendar year 2014.
+ve along with recent news of positive developments in
resolving APH,
BUY.
6) Market - Follow through buying especially on index
linked counters as the KLCI decisively breaks above the 1600pts levels. Laggards
in this space include UEM, MMC and MMHE.