FBM 1623.31
-5.97pts (-0.37% ) Volume
848.8mil Value RM1,112mil
1) KLCI has fallen more than 50points since touching its
all-time high of 1675.69 in early November, as investors continued to shy away
from the local bourse on election fears despite regional markets rebounding
today after US lawmakers expressed confidence a budget deal could be reach to
avert the fiscal cliff. Index were weighted down by telco names DIGI and AXIATA
in light trading. Market breadth stayed
negative with decliners leading advancers 378:280. Future closed 1616.5 (7 pts
discount).
2) Heavyweights: DIGI-1.44% RM4.79, BAT-3% RM57.94,
AXIATA-0.67% RM5.96, PBBANK-0.39% RM15.38, IOICORP-0.8% RM4.93, TM-1.09%
RM5.45, SIME-0.3% RM9.53, GENTING+0.77% RM9.15
3) DBT: FITTERS 8mil @ RM0.64, BIOSIS 2mil @ RM0.45
(36.36% Premium)
4) Situational:
MRCB+2.33% RM1.76: Share price rose following news of
MRCB being a front runner to head a RM3bn railway line project for freight
trains linking Serendah to Port Klang to help ease congestions around KL
central. The plan that was submitted by MRCB JV partner DMIA is expected to
submit to the national transport commission, Suruhanjaya Pengangkutan Awam
Darat (SPAD), as early as next month.
5) Dayang
9 months Sept 2012
Tover +12% RM316.6m Net +24%
RM88.4m EPS 16.09sen
13%
above Cons(f) RM94m excl fair value adjustments
In the first nine months, the marine charter business
registered higher revenue, contributing RM85.9 million or 27% to the total
group revenue as compared to the corresponding period of last year of RM55.5
million or 19% of the group revenue. PBT increased by 21% from RM90.7 million
to RM109.4 million, due to higher profit margin, contributed
largely by the marine charter business. The strong marine numbers are mainly
due to higher fleet utilisation and additional revenue from the charter of a
new workboat, Dayang Topaz. 9mths numbers were also bolstered by changes in the fair
value of investment in Perdana Petroleum Berhad, (categorised as an
available-for-sale financial asset) which saw a quarterly +RM16.4m, resulting
in a 9mths + RM7.8m effect. Immediate prospects secured by its remaining RM1.2bn
order book but major rerating catalyst remains the Pan Malaysian HUC contract
of which results are expected to be known before the end of the year. BOW.
6) Market - Improving global sentiment on a compromise to
be reached over the US fiscal cliff should help the KLSE shake out of its
current rut. Retracement in several key blue chips are down to attractive
levels for accumulation over the medium term, GentM, RHBCap, POS, Armada, TimeCom.
