FBM 1632.15
+14.38pts (+0.89%) Volume
812.1mil Value RM1,367mil
1) KLCI continued its recent uptrend, surging inline with
the key regionals after US unemployment fell to 7.7% while China reported
factory output increased to 10.1% yoy showing economic recovery is gaining
traction in major countries. Index was supported by gains in AXIATA and PCHEM
while late closing of BAT, IOICORP and MAXIS ensured index closed at day's
high. Market breadth was positive as advancers led decliners 325:295. Future
closed 1633.5 (1.4points premium).
2) Heavyweights: AXIATA+3.5% RM6.19, PCHEM+2.8% RM5.87,
PBBANK+0.9% RM15.80, IOICORP+2.07% RM4.93, UMW+3.2% RM11.58, CIMB+0.66% RM7.60, SIME+0.56% RM9.05, GENTING+0.87% RM9.23
3) DBT: HUBLINE 16mil @ RM0.065 (0.5% PUC), ASTRO
10.86mil @ RM2.8652 (3.5% discount), IRIS 10.8mil @ 0.15 (11.76% discount),
PRTASCO 9.345mil @ RM1.20 (3.11% PUC, 10% Premium)
4) Situational:
AIRASIA-2.54% RM2.69: Shares of AirAsia Bhd fell to a new
52-week low on Monday after news reported that it could exit the FBM KLCI
30-stock index in its upcoming semiannual rebalancing.
TIMECOM+13% RM3.97: Share price surged after Company
proposed to undertake a dividend-in-specie of up to 137.5 million
Digi Shares, representing a 1.77% equity interest in Digi, to the shareholders
of TIMECOM upon the completion of the
proposed internal restructuring.
5) Tradewinds Corp: announced that it's wholly owned
subsidiary TCB Mining SB had on Dec 9 2012 entered into Lease Agreement with
Lembaga Pembagunan Langkawi (LADA) to lease over 105,418 acres of Malay
Reserved Land located in Kampung Kok Langkawi, Kedah for a consideration of
RM65m. The lease is for a period of 52 years commencing Dec 9 2012 to Dec 8
2064, for the purpose of developing, constructing and completing an integrated
resort. The lease amount is to be financed by a combination of internal funds
& bank borrowings (ratio to be determined later). +ve, the proposal will enable the group to develop an
integrated development in the stunning Pantai Kok-Teluk Burau area
to complement the group's existing investments adjacent to the area (incl the
Danna Luxury hotel, Perdana Quays Properties & the soon to be constructed
international class resort hotel at Teluk Burau). In line with effort to expand
its asset base in strategic location & its aspiration to be a premier hotel
and resort developer.
6) Mkt: +ve bias as market grinds towards the KLCI
1635-1645 resistance on early indication of window dressing activities.
