FBMKLCI
1787.38 +10.23 pts (+0.58%) Volume 2.966b Value RM3.10b
1) The KLCI posted its 2nd day of gain led by banking
stocks as market's continue to rotate among lower liners and closing near its
day's high. Index outperformed regional markets which fell following the recent
spike and weaker Dow overnight. Outperforming sectors include CONSTRUCTION+1%
lead by GAMUDA+1.85%, HSL +12.2%, EKOVEST+2.65% and PLANTATION+0.9% in
anticipation of the sector recovery. Market breadth remained positive thruout
the session as gainers thumped losers by 633:363. Futures closed 1787.5
(parity).
2) Heavyweights : MAYBANK +1.39% RM10.22, CIMB +0.83%
RM8.50, TENAGA +0.97% RM8.30, PBBANK +0.48% RM16.70, FGV +2.66% RM4.62, IOICORP
+1.13% RM5.35, AMBANK +1.39% RM7.30, YTL +1.75% RM1.74
3) DBT: REDTONE-WA 35mil @ RM0.24 (21.6% PUC @ 12.5%
discount), HUBLINE 32mil @ RM0.065, EKOVEST 12mil @ RM2.57 (4.075% PUC @ 20.2%
discount)
4) Situational;
PHARMA +6.4% RM9.70 - Pharmaniaga Bhd has entered into an
agreement with Modern Healthcare Solutions Co Ltd to form and operate a
joint-venture limited liability company in Saudi Arabia. The proposed 15 year
long JV is part of Pharmaniaga's strategy to accelerate the growth of its
pharmaceutical business to capture the rapidly growing opportunities in Saudi
Arabia. Through this partnership, Pharmaniaga can leverage on the experience
and success that Modern has had in other collaborations, while capitalising on
the many incentives and opportunities available through various agencies in the
country.
5) DAYANG
Dayang Enterprise Holdings Bhd announced that it has
received a letter of award dated from Sarawak Shell Berhad /Sabah Shell
Petroleum Company Limited for the Provision of Hook-Up, Commissioning and
Topside Maintenance Services for SSB/SSPC.
The Contract value is estimated to be slightly more than
RM2.0 billion. The duration of the Contract is for a primary period of five (5)
years with an extension option of one (1) year.
+ve as this comes hot on the heels of an earlier HUCC
contract with Murphy Sarawak worth RM313m. All in they are expected to capture
up to RM4bn worth of the RM9-10bn Pan Malaysia works. Key beneficiaries will be
Naim and Perdana.
6) Market - Liquidity driven rotational plays especially
in the lower liners to dominate in this holiday shortened weekend with big caps
direction now hinging on quarterly results over the next two weeks.
