FBMKLCI 1637.13
+1.88pts (+0.11%)
Volume 1,029mil Value RM1,647mil
1) KLCI pared its gains and traded mostly flat after
midday as market continue its gradual recovery ahead of a long weekend. Market
were also boosted by better global economic data seen in US, Germany and China
raising optimism global recovery could be sustained. Market breadth was
positive with advancers leading decliners 381:305. Future closed 1632 (5points
discount)
2) Heavyweights: TENAGA+1.29% RM5.57, UMW+2.7% RM12.10,
SIME+0.43% RM9.29, GENM+1.65% RM3.70, AXIATA-0.93% RM6.37, PCHEM-0.98% RM6.07,
CIMB-0.4% RM7.21, IOICORP-0.4% RM4.93
3) DBT: BJCORP 56mil @ RM0.545 (1.3% PUC), HYTEXIN 30mil
@ RM0.12 (20% PUC, 45% discount), BAHVEST 20mil @ RM0.785 (5.7% PUC, 6% discount),
DIJACOR 19mil @ RM1.03 (2.4% PUC)
4) Situational:
HUAYANG+2.5% RM1.62: share price rose after Hua Yang
posted a net profit
HUAYANG+of RM19.93 million for the third quarter ended
Dec 31, up 36.78%
HUAYANG+year-on-year from RM14.58 million. The quarter
saw revenue
HUAYANG+rising 24% y-o-y to RM104.6 million, compared
with RM84.3
HUAYANG+million in the previous corresponding quarter.
The strong
HUAYANG+financial performance was driven by steady
construction progress
HUAYANG+as well as new sales from products launched in
2012. The group
HUAYANG+registered total sales of RM312.18 million as at
end-2012
5) Bolton
Bolton's wholly owned subsidiary Bolton Land Sdn Bhd
(BLSB) has agreed to enter into a shareholders agreement with Paramount Blossom
Sdn Bhd (PBSB) to govern the material aspects of JV company, Gaya Arena Sdn Bhd
(GASB). GASB has also entered into a development agreement with PBSB to develop
2 pieces of land in Seremban 2 measuring approximately 77acres at an
entitlement consideration of RM75mil. The entitlement amount will be satisfied
via RM15mil cash, RM17mil in form of properties and RM43mil paid directly to
the land's chargee.
6) Market - Selective recovery in a few counters could
present a selling opportunity in what is expected to be a very choppy period
until GE 13 is finally called. Sell into strength GentMsia, KLK, HLBank,
Axiata, PPB.
