FBM30 1666.35 +0.93points
(+0.06%) Volume 1,379mil Value 2,186mil
1) KLCI breached 1670pts for the first time before paring
gains as regional market were mixed following weaker DOW overnight. Investors
will now hope for earlier resolution in Eurozone which saw European leaders
committed to establishing a euro-area bank supervisor by year-end. Astro
dominated value traded making up 37% of market value as market breadth turned
negative with decliners outpacing gainers 409:294. Futures closed 1662pts (4.3 points discount).
2) Heavyweights: PBBANK+1.09% RM14.88, AXIATA+1.21%
RM6.68, AMBANK+1.58% RM6.44, GENTING-1.35% RM8.75, PCHEM-1.35% RM6.56,
GENM-1.91% RM3.59, MAXIS-1.29% RM6.87, CIMB-0.39% RM7.62
3) DBT: EIG 43.8mil @ RM0.50 (23.8% PUC, 16.3% premium),
SUNWAY 13mil @ RM2.30, COMPUGT 9.6mil @ RM0.10
4) Situationals:
ASTRO RM3.00 unch: Astro Malaysia Holdings, Malaysia's
largest Pay-TV operator was relisted on bursa today. Share price reached a high
of RM3.11 with 270mil volume traded. IPO price was RM3.00.
The IPO raised a total of RM4.65bil. Upon relisting, Astro would have a market
value of RM15.6 billion nearly double the RM8.3 billion it was
worth when it was taken private in 2010. Astro's CEO is confident on its
ability to reach 100% of Malaysian households.
UMW Holdings Bhd aimed to achieve profit before taxation
of RM1.75 billion on the back of RM15 billion in revenue for the financial year (FY) ending Dec 31, 2013 according to its President and
Group Chief Executive Officer Datuk Syed Hisham Syed Wazir today. This target
would be achieved partly through its Continuous Improvement Programme (CIP)
which include concepts of Innovative & Creative Circle (ICC), Total
Productive Management and Lean Manufacturing practices within the group''s
divisions. Its automotive sales target however would be maintained at 93,000 units for Toyota and 188,000 units for
Perodua.
6) Market - Upward momentum maintained barring any
unforeseen negatives. Trading to remain concentrated in laggard high beta
names.
