FBM30 1619.30
+0.72 points (+0.04%) Volume
889mil Value 1,449mil
1) KLCI clawed back early losses, rebounding from 1612.78
(-5.8pts) before trading near overnight levels for most part of the day with
index supported by Telcos. Overall market was generally weaker inline with
regionals which fell on concerns stimulus measures by central banks won't be
enough to boost global economic growth. Market breadth was negative with
decliners outpacing gainers 374:283. Futures closed 1618pts (1.3 points
discount).
2) Heavyweights: DIGI+2.4% RM5.12, AXIATA+0.64% RM6.34,
TM+1.34% RM6.03, SIME+0.31% RM9.79, MAYBANK-0.56% RM8.95, IOICORP-0.99%
RM5.00, GENTING-0.46% RM8.61, TENAGA-0.74% RM6.74
3) DBT: BIMB 24.9mil @ RM2.99 (2.3% PUC) , SCIENTX 5mil @
RM2.31 (3.75% discount), GBGAQRS 4.4mil @ RM1.12
4) Situationals:
HWGB+1.5% RM0.33: Company's subsidiary MyLED Opto
Technology Sdn Bhd has secured two contracts valued at RM800mil to replace light
emitting diodes (LED) lights in Vending Machines back in Japan to two Japanese
companies, namely Kirutorisu Tech Sdn Bhd and ATOTIS co limited. The Japanese
partners have estimated their monthly orders of 300,000 units of LED lights, the estimated accumulated
order value will be in the range of RM800mil over the next five years (2013 to
2018), given the high number of vending machines and the strict LED lighting
replacement policy in Japan.
5) MUHIBBAH
Announced that its wholly owned subsidiary, CB
International Engineering Sdn Bhd , have collectively secured contracts for the
sale of two (2) units of anchor handling tug supply vessel which were completed
in year 2011 for an aggregate value of approximately RM240.6 million. Shipyard
activities play only a small part in the group's business, accounting for only
2-3% of its RM2.6bn order book.
Investors will continue to stay cautious despite its
apparent cheap valuations at current levels with its on going complications
over the APH issue.
6) Market - Choppy volatile market to continue as focus
has now shifted back to the Euro zone sovereign debt woes with main local funds
supporting the KLCI at 1600pt levels in the immediate term.
