FBM30 1635.04
+1.59points (+0.10%) Volume
950mil Value 1,528mil
1) KLCI fell Inline with the weaker regionals reaching a
low of 1627.20 (-6.25pts) after the ECB disappointed investors that were
hoping for immediate action to combat the Eurozone debt crisis. However index
managed to recovered after midday on strong buying interest in Telcos led by
DIGI and MAXIS. O&G stocks were generally weaker led by MHB-5.2%, KNM-3%,
ARMADA-2%, PERDANA-2%. Trading volume was thin with market breadth negative
after decliners leading gainers 402:333. Futures closed 1637pts (2points
premium).
2) Heavyweights: DIGI+3.6% RM4.61, MAXIS+2.00% RM6.63,
MAYBANK+0.46% RM8.84, PETDAG+3.3% RM21.96,IOICORP-1.52% RM5.18, PPB-2.95%
RM14.46, YTL-2.22% RM1.76, GENM-2.04% RM3.36
3) DBT: SUNWAY 10mil @ RM2.22, ECOFIRS 6mil @ RM0.16, LBS
4.5mil @ RM0.85
4) Situationals:
MHB-5.2% RM5.10: MHB fell to a low of RM5.02 its lowest
since june after its 2Q result fell 30% year-on-year to RM55.3mil. The
significant earnings drop was mainly due to the lower operating profit from its
offshore segment, as its Turkmenistan Block 1 Phase 1 project had been
completed.
5) SILK
Announced that its subsidiary, Jasa Merin Sdn Bhd, has been awarded three contracts by
ExxonMobil Exploration and Production Malaysia Inc., for the provision of one
Anchor Handling Tug Supply Vessel and two Straight Supply Vessels. The contracts
for both AHTSV and SSVs are expected to commence by early August 2012 for a
primary term of three years for the AHTSV and one year for the SSVs
respectively, each with an option exercisable by the Charterer for extension of
the same for a further period of one year. The contracts in total, valued at
approximately RM57.42 million for their primary term.
This win is hot on the heels of its contract for the
provision of one (1) Anchor Handling Tug Supply Vessel to Petrofac valued
at approximately RM24.0Million. +ve as the company gains traction in the
O&G space
6) Market - The general resilient undertone despite the
disappointments from the non action coming from the ECB and FOCM could see the
index try to push back higher next week on any positive developments. Immediate
event could come from the US July payroll numbers.
