FBMKLCI 1625.46
+4.10pts (+0.25%)
Volume 762.7mil Value RM1,446mil
1) KLCI snapped its losing streak gaining on bargain
hunting of key heavyweights led by BAT, TENAGA and CIMB as overall market
sentiment remain cautious with regional markets paring its gains. Investors
will remain wary as Cyprus will face a parliamentary vote later. O&G
players led by ALAM+6.25%, SCOMI+3%, and UZMA+3.35% outperform on optimism of
contracts to be awarded soon. Market breadth was positive with advancers
leading losers 380:265. Future closed 1624.5 (1point discount)
2) Heavyweights: BAT+3.17% RM62.44, TENAA+1.01% RM7.00,
CIMB+0.71% RM7.11, KLK+1.38% RM20.54, MAYBANK+0.33% RM9.07, PETGAS+0.54%
RM18.50, IHH-1.45% RM3.39, PCHEM-0.48% RM6.25
3) DBT: SUNREIT 6mil @ RM1.53, INIX 1.6mil @ RM0.16
4) Situational:
WCT+0.44% RM2.31: WCT construction has accepted a letter
of award (LOA) from Putrajaya Holdings Sdn Bhd worth RM315 million. the LOA is
for the proposed construction and completion of the commercial office buildings
and external works in Precinct 2, Putrajaya. The commercial office buildings
would consist of two blocks of commercial office and a 14-storey tower with two
levels basement carpark.
5) SUNWAY
The company accepted the letter of award worth RM304
million from Cititower Sdn Bhd [a joint venture company between KLCC (Holdings)
Sdn Bhd and QD Asia Pasific Ltd] for package 1: construction and completion of
North East Car Park underneath KLCC Park and associated works for the proposed
Lot 185, Lot 167(K) and Lot 176 mixed development at Persiaran KLCC, Kuala
Lumpur City Centre.
The scope of works include, amongst others, excavation
works, construction and installation of diaphragm wall, foundation and piling
works, construction of 6 levels basement car park and its associated works.
The Proposed Project is expected to commence upon handing
over of site possession which is to be determined later, with a construction
period of 178 weeks henceforth.
+ve as this adds to its already sizeable order book of
RM3.2bn, however price is already up 15% YTD and could see profit taking at
these levels.
6) Market - Uncertainty in Europe over Cyprus bailout
plan should see markets continue to trade cautiously. Stocks sold down to
attractive levels that warrant accumulation at these levels include, Gent M,
Digi, TM, Dialog.
