FBM30 1642.52
+6.60points (+0.40%) Volume
884.6mil Value 1,347.8mil
1) KLCI closed above 1640pts ending at day's high as
regionals were positive on hopes China central bank would ease policies further
after China's inflation fell while factory output growth dropped to a 3 years
low. Index were led by financials+0.47%, Genting+1.7%, GENM+3% as volume traded
fell below 1bn. Market breadth remained negative with decliners edging gainers
379:332. Futures closed 1639.5pts (3 points discount).
2) Heavyweights: MAYBANK+0.9% RM8.95, GENTING+1.7%
RM9.02, CIMB+0.77% RM7.91, GENM+3.05% RM3.38, YTL+2.19% RM1.87, BAT+2.42%
RM61.76, TENAGA-0.43% RM6.94, DIGI-0.43% RM4.67
3) DBT: SUNWAY 10mil @ RM1.48, DELLOYD 9.2mil @ RM3.20
(9.2% PUC, 9.1% discount), BJLAND 8.3mil @ RM0.81
4) Situationals:
SMARTAG+5.77% RM0.275: Share price was firmer after
announcing Royal Malaysian Customs will use Smartag Secured Trade system
nationwide starting 1st Sept 2012. The 2 years contract will commence from 1st
September 2012 to 31st August 2014 at 26 customs checkpoints and 6 bonded
warehouses.
MBFHLDG+4.6% RM1.14: Rose to a high of RM1.18 after
announcing plans to reward its shareholders with a special dividend of up to
20sen per shares using proceeds from the proposed disposal of its credit card
operations to AMMB.
5) UNISEM
1H JUNE 2012 Tover
-10% RM539.5m Net (RM21.45m) EPS (3.1sen)
Cons(f) RM47.9m
The 1H group revenue decreased 10%, with a 9%, 34% and 8%
decline in the revenue of the Asia, Europe and USA segments respectively. The
Group recorded a net loss of RM21.448 million as compared to a net profit of
RM17.339 million in the corresponding six months period.
All segments recorded losses for the six months period under review.
principally attributable to lower average selling prices arising from a change
in product mix.
The corresponding quarterly decline in profit of the
Group was principally attributable to reduced sales revenue, foreign exchange
losses and higher depreciation charges. The corresponding half-yearly decline
in profit of the Group was principally attributable to reduced sales revenue,
the one-time retrenchment costs of RM5.7 million arising from a
efficiency/redundancy exercise at PT Unisem, higher depreciation charges and
lower foreign exchange gains. In view of the challenging landscape, initiatives
taken by the Group to right size headcount and tweak package portfolio will
continue and likely to incur some costs associated with the implementation of
this new business model in the next few quarters.
-ve prefer Globetronics in this segment of the tech sector
as they have managed to evolve with the times and are set to post record
profits this year.
6) Market - Outlook remains unchanged with focus on
current 2Q reporting season.