FBMKLCI 1624.14
-0.04pts (-0.00%)
Volume 896mil Value RM1,548mil
1) KLCI were mostly positive trading in a tight 3 points
range before key blues led by GENTING, IOICORP were hit down at close.
Regionals were positive on better housing data in US and after the US Federal
Reserve's affirmation of its commitment to monetary stimulus. Plantation-0.47%
underperformed on lower 4Q earnings for planters. Market breadth was positive
as advancers led decliners 349:303. Future closed 1621.5 (2.5points discount)
2) Heavyweights: GENTING-1.36% RM9.42, IOICORP-1% RM4.88,
MAYBANK-0.22% RM9.12, KLK-0.86% RM20.66, AMBANK-0.64% RM6.26, CIMB+0.57%
RM7.11, PBBANK+0.38% RM15.98, UMW+1.65% RM12.30
3) DBT: HUBLINE 34mil @ RM0.06 (1.045% PUC), INTEGRA
25.3mil @ RM1.60 (8.41% PUC, 30% premium)
4) Situational:
TUNEINS-3% RM1.30: Share price fell after RHB Investment
Bank Berhad which acted as a stabilising manager announced that they have
ceased stabilising action for TUNEINS on 26 February. During the stabilising
period between 20 February and 26 February, a total of 31,533,700 TUNEINS
shares were purchased at a price range of RM1.33 to RM1.35
5) T Chong
FYE Dec 2012 Tover +5.7% RM4.08bn Net -27% RM158m EPS 24.2sen
8% below cons(f) RM171.8m
The
launch of its-New Nissan Almera on 30 October, drove revenues and profits to
RM1.18bn and RM50.3m respectively in Q4 for the year ended 2012. Nissan vehicle
sales of 35,307 represented 5.6% of total industry volume of 627,753 units
(Malaysian Automotive Association) for the whole year.
Despite the higher annual turnover, earnings were brought
down by Nissan Vietnam Co. Ltd. (NVL) additional loss of RM6.7 million and higher promotional and marketing
campaigns resulting in EBITDA margins falling from 10.0% to 7.6%.
As at 31st December 2012, hire purchase receivables stood
at RM303.7 million after a RM388 million ABS (Asset Backed Securitization) sale
on 3 December.
The company has also hinted that could look for more
Global OEMs tie ups as they seek seek complete supply chain management partners
to improve efficiency, which makes Tan Chong Group a prime contender for major
opportunities
6) Market - Range trading between 1600-1650pts to
continue, stocks at attractive trading levels incl Benalec, MRCB, GentM,
IGB,MPHB
