FBM 1629.28
-2.40pts (-0.15% ) Volume 896mil Value RM1,753mil
1) KLCI played catch up following day off yesterday as
index touched a low of 1625.54pts (-6.14pts) on selling of selective blues led
by MAXIS, GENTING and SIME. Regional markets were mixed after data showed
Europe slipped back into recession while corporate earnings disappointed. Index
managed to pare its losses with recoveries seen in DIGI, TM and BAT. Market breadth stayed negative with decliners thumping
advancers 395:281. Future closed 1620 (9 pts discount).
2) Heavyweights: MAXIS-2.43% RM6.43, GENTING-1.09%
RM9.08, SIME-0.62% RM9.56, AIRASIA-2.68% RM2.91, PETGAS-0.83% RM19.12,
BAT+5.77% RM59.74, AXIATA+1.01% RM6.00, DIGI+0.41% RM4.86
3) DBT: SUNWAY 11.5mil @ RM2.30, PELIKAN 1mil @ RM0.70
(2.7% discount)
4) Situational:
PERISAI+6.66% RM1.12: Perisai Petroleum Teknologi Bhd has
received a contract to provide and lease a floating production
storage and offloading facility (FPSO) and related operations including
maintenance services for Hess Exploration and Production Malaysia BV's
development block at the North Malay Basin. The contract was awarded to Larizz
Petroleum Services Sdn Bhd in which Perisai has a 40% stake and is valued at
US$272.1mil (RM833.3mil) with a potential of an additional US$271.1mil
(RM830.24mil) should a full extension be exercised.
BJCORP-7.75% RM0.60, SPSETIA-4.50% RM3.40: BJCORP and
SPSETIA saw sharp losses after being removed from MSCI Malaysia Index effective
30 Nov 2012.
5)Perisai: announced the appointment of KCA Deutag as the
drilling operations and maintenance contractor for it's new-build Pacific Class
400 Jack-Up Drilling Rig. Perisai's wholly owned
subsidiary Perisai Drilling SB today entered into a Master Service Agreement
with Global Tender Barges Drilling SB (a Co within the KCA Deutag group) for
the operation & maintenance work which is slated for completion &
delivery in July 2014. KCA Deutag is one of the world's leading drilling &
engineering contractor, operating more than 100 drilling rigs in over 22
countries & owns a fleet of more than 60 land rigs, 3 jack-ups & 3
self-erect tender barges. KCA has recently been awarded significant offshore &
onshore contracts in Europe, Africa, Iraq & Brazil - +ve on appointment.
The rig is expected to facilitate Perisai's entry into the offshore drilling
segment specifically in Malaysia and broadly in the Asia Pacific region &
broaden it's asset offering to it's clients.
6) Mkt: will continue its consolidation as it awaits the
results reporting season over the next 2 weeks and signs of progress/compromise
in the US fiscal cliff negotiations.