FBMKLCI
1787.9pts +15.52 pts
(+0.88%) Volume 2.863b
Value RM3.047b
1) Post election bullish sentiment continued after
consolidating for past 2 days as KLCI saw an all-time high close of 1787.9pts
on Monday to start the week on a positive note. Broader market were heavily
traded with small caps outperforming with FMB Small Cap rising 3.64% led by
KIANJOO+7%, CANONE+18% and MKH+8%. Regionals were weaker led by HSI-1.4% after
China's Industrial production were marginally below consensus. Market breadth was positive with gainers
thumping losers significantly by 889:141. Futures closed 1782pts (6 pts
discount).
2) Heavyweights : CIMB +2.05% RM8.46, TENAGA +2.3%
RM8.46, MAYBANK +1.39% RM10.22, PETGAS 2.84% RM20.98, DIGI +2.34% RM4.80,
PBBANK +0.7% RM16.72, SIME+0.84% RM9.58, AMBANK +1.8% RM7.28
3) DBT : PRESBHD 6 mil @ RM1.46 (2.7% PUC @
6.1%discount), DIJACOR 5mil @ RM1.60, MUHIBBAH 2 mil @ 1.35 (5.1% discount).
4) Situationals:
MALTON +3.4% RM0.605 - Malton Bhd announced that its
wholly-owned subsidiary, Khuan Choo Property Management Sdn Bhd (KCPM), has
entered into a sale and purchase agreement with Bukit Damansara Development Sdn
Bhd, a subsidiary of Johor Corporation, to dispose its commercial office
building for a consideration of RM140 million. Malton said the disposal
involves a 20-storey commercial office building with net lettable area of about
163,504 sq feet and 964 car packs at V Square (VSQ), Petaling Jaya. The VSQ disposal will see KCPM and BDDSB
enter into a 'proposed asset exchange', in which KCPM will acquire the an office
from the redeveloped 'Pusat Bandar Damansara Kuala Lumpur' (PBD Complex) from
BDDSB worth RM140 million. The rationale
of the proposed asset exchange is for KCPM to dispose its VSQ property, which
will result in a gain of RM54.6 million for Malton.
5) SCOMI GROUP
Scomi Group Bhd's
oilfield services business has secured a letter of award from Dragon Oil
(Turkmenistan) Ltd to provide drilling and completion fluid services in
Turkmenistan worth RM98.5 million for 2 years.
Turkmenistan is one of Scomi's key focus countries as its
believed the country will see an increase in its oil and gas activities to
support its own demand, as well as, the world supply demand.
To-date, the oilfield services has an order book over
RM4.9 billion with a healthy pipeline of tenders.
+ve
6) Market - The liquidity driven market is likely to
continue with no untoward news in the immediate horizon with focus on mid
caps. Trading Buys, Ekovest, Maybulk,
BoxPak, AsiaBrands, Hovid.
