FBMKLCI
1786.39pts -0.28pts (-0.02%)
Volume 1.403b Value RM1.944b
1)The KLCI opened higher on Tuesday led by the US market
which closed modestly higher on Monday after better results from Citigroup gave
the important earning week a head start. The local index continued to lose
momentum throughout the day and closed flat similar to HSI which also
closed+0.04% after a JPmorgan report stated that slower economic growth in the
mainland China might dampen Hong Kong's earnings growth. In the local market,
SMALL CAP index +1.04% rose the most as lower liners were actively traded,
namely MUHIBAH +11.16%, SCOMIES +4.76%, ALAM +8.03%. Market breadth was
positive with gainers beating losers by 436 : 319. Futures closed at 1790pts
(3.5pts premium)
2) Heavyweights : CIMB +0.48% RM8.39, MISC +2.05% RM5.49,
AMBANK +1.17% RM7.79, RHBCAP +1.53% RM8.63, GENM -1.50% RM3.93, GENTING -0.49%
RM9.99, KLK -0.92% RM21.50, TM -0.55% RM5.36
3) DBT : MAYBANK 10.275mil @ RM10.48, TSH 7.266mil @
RM2.14 (10.1% discount), MICROLN 6.468mil @ RM0.60 ( 4.838% PUC), GBGAQRS
3.4mil @ RM1.40 (10.8% discount)
4) Situational:-
SCOMIES +4.76% RM0.84 - Scomi Energy Services, a
subsidiary of Scomi Group, has secured a bulk coal affreightment contract worth
RM158.7m from TNB Fuel Services. The company was for a period of two years
commencing 1 Sept, with an option to be extended for another one year.
5) ZELAN/ IJM
Zelan Berhad announced that it has, on 15 July 2013
disposed of 1,336,600 ordinary shares of RM1.00 each in IJM Corporation Berhad
in the open market at an average disposal price of RM5.7513 per share for a
total consideration of RM7.66m. The original cost of investment of the Sale
Shares was approximately RM4.14 per share at Group level and RM3.50 per share
at Company level. As at 31 March 2013,
the book value of the Sale Shares was approximately RM5.45 per share at Group
level. The gain on the Disposal at Group level was approximately RM2.1 million
while at the Company level was approximately RM2.9 million. The sale proceeds
will be utilised to pay bank borrowings
6) Market - Thematic play on O&G related names particularly
those with M&A angles to continue. Major laggard Waseong could eventually
join the party especially when selling by main local funds taper off. Trading
BUY.