FBM 1617.77
+1.54pts (+0.10%)
Volume 971mil Value RM1,222mil
1) KLCI was range bound, hovering near its overnight
levels before late buying of BAT, PPB, UMW ensured index closed in positive
territory. Positive economic data in the US was offset by ECB
decision to cut its growth forecast for next year as regionals were mixed as
investors awaits key employment data in US tonight. Market breadth turned
positive after gainers edged decliners 329:295. Future closed 1615.5 (2points
discount).
2) Heavyweights: MAYBANK-0.33% RM9.06, TENAGA-0.57%
RM6.99, AMBANK-0.62% RM6.46, SIME+0.56% RM9.00, BAT+1.78% RM59.44, PBBANK+0.26%
RM15.64, UMW+1.08% RM11.22, PPB+1.34% RM12.08
3) DBT: PRTASCO 32.322mil @ RM1.20 (10.77% PUC, 13%
Premium), BJCORP 10mil @ RM0.55, AIRB 9.5mil @ 1.80 (3.59% PUC)
4) Situational:
MHB+0.69% RM4.41: MHB was awarded a RM165mil contract by
Exxon Mobil Corps subsidiary to build the facilities of Damar gas
development project. MHB is expected to build the topsides and platform jacket
for the project.
5) SCOMI GROUP
Scomi Group Bhd's oilfield services business, under Scomi
Oiltools, has bagged a RM93.6 million contract from PTTEP International Ltd. It
would provide both its drilling fluids and drilling waste management equipment
and related engineering services for three blocks in Myanmar, which commenced
in the fourth quarter this year. Scomi's oilfield services has a healthy order book of
over RM1.7 billion and has participated in tenders in excess of US$1
billion.
6) Market - Expect the KLCI to continue its choppy
recovery with an immediate resistance at the 1624 levels followed by a more
significant barrier at 1645pts. Bottom fish for potential year end closing,
Gent M, YTL Power, SPSetia, MISC, FGV, Gamuda.