FBM30 1603.12 +0.05pts Volume 1.07b Value RM1.25b
1) The KLCI hit an all time high of 1611.50 pts in it's
first hour of trade before easing lower as investors grew cautious ahead of a
critical European Union summit later this week where Greek leaders will attempt
to re-negotiate some terms of the country's international bailout. Trading was tentative as the index retreated to close
almost unchanged for the day, on the back of lower regional markets. However,
the broader market was marginally positive, with gainers edging losers 371:360. Futures closed 1603 pts ( 0.12 pts disc).
2) Heavyweights: YTL+1.5% RM2.06, YTLPWR+1.2% RM1.76,
UMW+1% RM9.02, MRCB+1.1% RM1.84, MAXIS+0.9% RM6.45, TENAGA+0.9% RM6.76,
MMC-2.5% RM2.70, IJM-1.2% RM5.14, IOICORP-1.3% RM5.21,
GENTING-0.8% RM9.54.
3) DBT: LUSTER 76.1m @ RM0.105 (7% PUC, 30% disc to
closing px), SPSETIA 45.2m @ RM3.95 (2.6% prem), MICROLN 11.4m @ RM0.20.
4) Situationals:
DIALOG -0.4% RM2.41 : After it's wholly owned subsidiary
Dialog D&R SB entered into a MOU with Halliburton Energy Services (M) SB
for joint cooperation to pursue projects & opportunities in the
re-development of mature oil fields in Malaysia. The alliance was in line with
Co's strategy to develop upstream capabilities in the O&G industry.
However, details on investments & timeline were not disclosed.
ALAM +0.9% RM0.545 : CEO said Co expects higher revenue
this year after the integration of it's Offshore Support Vessel (OSV) and
Offshore Installation & Construction (OIC) operations after it's AGM last
friday. Alam's competitive edge will be it's ability to provide
integrated services so that clients were able to minimize their logistic costs. Currently, the OSV O/B stands at RM700m while OIC's O/B
at RM250m.
5) FAVELLE FAVCO
Announced that its wholly-owned subsidiary, Favelle Favco
Cranes Pty Ltd and Favelle Favco Cranes (M) Sdn Bhd had received the following
purchase orders or Letter of Intent for the supply of two offshore cranes and
one tower crane with expected delivery dates starting from end 2012 to end
2013. The approximate combined value of these
substantial orders secured amount to RM71.5 million. +ve with a better
liquidity play via its parent company Muhibbah which controls 55% of Favelle.
6) Market - Record setting pace of the KLCI expected to
continue this week as 1H closing action and listing of FELDA will overshadow
global concerns. This could be an opportunity to sell into strength especially
if the index reached immediate resistance of around 1625-1630pts.
