FBM30 1635.92 +4.80points
(+0.29%) Volume 1,231.5mil Value 1,755.5mil
1) KLCI recovered from yesterday's sell down, raising in
line with the positive DOW overnight. Regional markets pared its gains as
investors take profit while awaiting for next moves by ECB and US central
bankers.
Selective penny names rose and dominated volume led by
ASUPREM+14%, PERMAJU+5%, BIOSIS+23%.However market breadth stayed
negative with decliners edging gainers 357:348. Futures closed 1635pts
(1 point discount).
2) Heavyweights: DIGI+1.3% RM4.69, TENAGA+1.01% RM6.97,
IOICORP+0.78% RM5.17, PCHEM+0.77% RM6.56, BAT+1.55% RM60.30, CIMB+0.26% RM7.85, PETDAG+1.38% RM22.06, IHH-1.85% RM3.19
3) DBT: INGENS 11.5mil @ RM0.10 (20% discount), PANTECH
10mil @ RM0.67, INNO 3mil @ RM1.80 (7.7% discount)
4) Situationals:
BHIC-4.87% RM2.54: Share price fell to its lowest since
dec'11 after its quarterly loss in 2QFY2012 reported a net loss of RM17.16
million compared with a net profit of RM1.4 million a year ago. This was
despite an 18% increase in revenue to RM142.2 million from RM120.8 million.
This is due to lower profit contribution from the heavy engineering segment in
subsidiaries involved in maintenance, repair and overhaul (MRO) as well as
commercial shipbuilding losses.
AMEDIA-4.09% RM0.82: Share price fell after midday as
Bursa issued a UMA query on the sharp rise in price and volume in AMEDIA's
shares recently. Share price reached a high of RM0.90 today from its low
of RM0.36 in June.
5) FAVELLE FAVCO
Announce that two of its wholly-owned subsidiary had
received the purchase orders or Letter of Intent respectively in the months of
July and August 2012 for six new offshore and port cranes are to be delivered
by mid to end 2013. Trim as price has run up 17% in the past week when we
highlighted a buy call at RM1.47.
6) Market - With some signs of stability in US and
Europe, focus will now turn to domestic 2Q results in the next couple of to
help guide market direction. Bulk of the major big caps will report only in the
last week of August.
