FBM30 1667.99
+3.09points (+0.19%) Volume 1,132mil
Value 1,465.5mil
1) KLCI continue to forge ahead as investors sentiment
was buoyed by news report that China HSBC PMI rose to a 3 months high of 49.1
in October. However gains eased from its high of 1670pts following announcement
that Germany's manufacturing contracted more than estimated. Properties+2.61%
was the key movers led by UEMLAND+11%, SUNWAY+8%, Tebrau+8% and IGB+3% while Astro recovered to
closed at day's high 2.89. Market breadth turned positive with advancers
outpacing decliners 411:271. Futures closed 1672pts (1 point discount).
2) Heavyweights: GENTING+1.71% RM8.94, UEMLAND+11.4%
RM2.15, CIMB+0.66% RM7.64, PBBANK+0.27% RM15.02, HLBANK+1.27% RM14.38, TM+0.66%
RM6.10, MAYBANK-0.55% RM9.00, AXIATA-0.3% RM6.63
3) DBT: NICE 22.3mil @ RM0.10 (19% PUC, 16.7% discount),
MERGE 2.7mil @ RM0.35 (4% PUC)
4) Situationals:
UEMLAND+11.4% RM2.15: UEMLAND has entered into a 40:60 JV agreement with Singaporean business space solutions provider Ascendas Land International Pte Ltd to develop an integrated eco-friendly tech park in Nusajaya, Johor at a projected investment value of S$1.5bil (RM3.7bil). The 210ha freehold integrated tech park would be located in Gerbang Nusajaya within the Nusajaya regional city in Iskandar Malaysia. The proposed development is expected to take place in three phases over nine years with the launch of Phase 1 targeted in the last quarter of next year
5) BUMI ARMADA
Announced today that its subsidiaries have secured 5
contracts in Gaban, 2 in Republic of Congo, 2 in Saudi Arabia worth
approximately RM147m with an optional extension value of RM102m. The vessels involved include Armada Firman 2,
an accommodation workboat, Armada Tuah,84,85, AHT towing support vessels,
Armada Hibiscus, an accommodation work barge.
+ve with further contract wins from Petronas Carigali
expected for their OSVs and also the long awaited FPSO from ONGC. BUY
6) Market - Underlying strength of the market reflected
by its resilience today despite the sharp falls in the US/Europe overnight. We
continue to advocate portfolio building on laggards in anticipation of a strong
4Q/early 1Q.
