FBM30 1573.59
-7.08points (-0.45%) Volume
654mil Value 1,000mil
1) KLCI opened the new month on the negative note,
snapping its 6 consecutive days of gains as investors traded with caution after
reports showed US labour market recovery is slowing while China PMI for May
stood at 50.4 its slowest manufacturing activity for the year.
Glovemakers stood out led by TOPGLOV+5%, HARTA+5% and
SUPERMX+4% as recent strength in US dollar could boost exporters margin.
Broader market was negative with decliners leading advancers 363:303. Futures
closed 1570 (3.5points discount).
2) Heavyweights:TENAGA-2.4% RM6.51, CIMB-1.33% RM7.40,
PPB-4.12% RM16.30, MAYBANK-0.69% RM8.69, IOICORP-1.14% RM5.19, PBBANK-0.44%
RM13.70, MAXIS+1.94% RM6.31, TL+2.72% RM1.89
3) DBT: EFFICEN 10mil @ RM0.16 (1.4% PUC), IJACOBS 9.5mil
@ RM0.17 (7.9% PUC, 15% discount)
4) Situationals:
SYF+2% RM0.51: Segi group MD Datuk Seri Clement Hii Chii
Kok emerged as a substantial shareholder in SYF after acquiring a 10%
stake in the furniture maker via his private investment vehicle, HCK Equities
Sdn Bhd. The tranche was done at RM0.50 per share.
KEYWEST-35% RM0.075: Share price fell after company is
now an affected listed company pursuant to the Guidance note No 3 of the
listing requirement of Bursa Malaysia Securities Berhad for the ACE Market
based on the criterias as prescribed under Rule 2.1(a) and (f) of GN 3 in the
ACE LR. The shareholders' equity of KEYWEST is now 25% or less of the issued
and paid-up capital.
5) PETRONAS DAGANGAN (PDB)
Announce that together with PDBN (a newly incorporated wholly-owned
subsidiary of PDB) entered into 6
conditional share sale and purchase agreements for the proposed acquisition by
PDB and/or PDBN of the following businesses of PETRONAS and its subsidiaries
The six companies consist of (i) Liquefied petroleum gas and lubricants
businesses in the Philippines through the acquisitions of PETRONAS Energy
Philippines, Inc. and Duta, Inc; (ii) Lubricants business in Thailand through
the acquisition of PETRONAS International Marketing Co. Ltd; (iii) The aviation
fuel business of PETRONAS through the acquisition of PETRONAS Aviation Sdn.
Bhd.; and (iv) LPG business in Vietnam through the acquisitions of PETRONAS
(Vietnam) Co. Ltd. ("PVL") and Thang Long LPG Co. Ltd
The total cash consideration for the Proposed
Acquisitions amounts to approximately USD62.0 million (equivalent to
approximately RM197.3 million ) .Leveraging on PETRONAS' existing presence in
the Philippines, Vietnam and Thailand, the Proposed Acquisitions represent an
opportunity for PDB to grow and geographically diversify its revenue and
earnings base.
PDB intends to enhance and fuel the growth of the
downstream marketing operations in the Philippines, Vietnam and Thailand by
leveraging on its business capabilities, particularly its supply scale and
logistics capabilities, gained through its strong presence in Malaysia, to
optimise the business operations to create synergistic benefits and enhance
shareholder value. In addition, by acquiring PAV, PDB can expand its aviation
fuel business globally. +ve
6) Market - Weak Economic data from China today and
ongoing concerns over the European debt crisis will keep most investors on the
sidelines. Focus will now shit to US job data tonight which looks
more likely to reaffirm the need for a fresh round of stimulus.
