FBM30 1628.40
+14.62 points (+0.91%)
Volume 1,024mil Value 1,617.5mil
1) KLCI rebounded sharply as steady gains over the day by
key heavyweights ensured index closed at day's high. Regionals ended mixed as
investors awaits decision from FOMC meeting tonight. Airasia-2.32% topped the
volume list with 100mil traded as stock recovered from RM2.82 following recent
selldown. Market breadth was positive with advancers outpacing decliners
417:301. Futures closed 1618.5pts (10 points discount).
2) Heavyweights: CIMB+2.43% RM7.58, TENAGA+3.51% RM6.78,
MAYBANK+1.20% RM9.27, IOICORP+2% RM5.10, GENM+3.43% RM3.62, SIME+0.62% RM9.81, PCHEM+1.25% RM6.50, BAT+2.42% RM63.50
3) DBT: GLOTEC 71.6mil @ RM0.07 (1.35% PUC), BRDB 10mil @
RM2.80 (2% PUC)
4) Situationals:
AIRPORT+3.94% RM5.54: Malaysia Airport Holdings Bhd is
seen as the prime beneficiaries following announcement of a new LCC by the
name of LION AIR. The new LCCT which is operational by May 2013 is expecting to
start with 10 LCC flying from there. That includes Zest Airways, Lion Air,
Tiger Airways, Cebu Pacific Air and AIRASIA.
5) SP Setia
9mths Tover +10.2%
RM1.763bn Net +7.1% RM262.2m EPS 14.1sen In line with cons (f) RM358m
During the current period to-date, it
recorded an increase in gross profit margins from 27% to 32% due to better
product mix. 1H numbers also boosted by current quarter profit before taxation
is RM145.6 million, which is RM17.7 million higher than the preceding quarter
ended 30 April 2012. This is mainly due to higher profit
recognition from residential and commercial properties in Klang Valley, Penang
and Johor Bahru.
As at 31 August 2012, the Group's sales for the first ten
months of the financial year totalled RM3.312 billion from existing projects
and newly launched projects such as Aeropod in Sabah; KL Eco City's first
residential tower; 18 Woodsville, the Group's maiden project in Singapore; and
11 Brook Residences in Penang also contributed to the strong sales performance
achieved.
Going forward, a lot of their medium term prospects will
depend on the success of its 40% participation in the Battersea Power Project
which has a projected GDV of 8-10bn pounds.
6) Market - Traders are likely to trim positions today
especially if there is an initial "pop" in markets from the
anticipated FOMC decision tonight and ahead of a long week with Malaysia Day
falling on the 16th Sep.