FBMKLCI
1807.61 -0.81pts (-0.04%)
Volume 1.120b Value RM1.624b
1) The KLCI was lethargic, trading sideways for 2nd day
running as investors await for earning session to kick in and decision from
upcoming FOMC on Tuesday. In the regional market, SHCOMP -0.51% fell for a 3rd
day after the government ordered cuts to production capacity in 19 industry to
curb price-cutting wars. In the local market, PROPERTIES index -0.39% fell
further weighed by UEMS -3.02%, TROP -2.13%, GLOMAC -2.34%. Market breadth was
negative with losers stomping gainers by 443 : 303. Futures closed 1808.5 (1
pts premium).
2) Heavyweights : CIMB -1.28% RM8.45 , UEMS -3.02%
RM2.89, MAYBANK -0.18% RM10.70, MISC +1.22% RM5.79, BAT +0.89% RM60.78, FGV
+0.89% RM4.50, PETDAG +0.74% RM27.02, GENM +0.50% RM4.00
3) DBT : BONIA 22.173mil @ RM2.54 (11% PUC @ 10%
discount), GBGAQRS 15mil @ RM1.48 (4.21% PUC), COMPUGT 7.187mil @ RM0.05 (29%
discount), PENERGY 5.158mil @ RM2.08
(1.603% PUC @ 14.5% discount).
4) Situational:-
ENCORP +0.53% RM0.94 - Encorp Bhd said its unit Encorp
Construct Sdn Bhd has won a RM114m contract from Setia Haruman Sdn Bhd for the
construction of a business centre in Cyberjaya. Encorp said the contract
includes building a four-level shop office block, one-and-a-half-storey shops,
a five-level car park, small office home office and other amenities. The duration
of the main contract is 24 months - from Sep-2013 to Sep-2015.
KNM -1.06% RM0.465 - KNM Group Bhd is making an exit from
Brazil by selling its entire operation in the oil-rich Latin America country
for a token sum of RM11.97, as the group seeks to cut losses on one of its
ambitious foreign ventures that failed to deliver. KNM had originally invested
a total of R$67.77 million (RM101.17 million) to acquire and develop the
group's operations in Brazil.
5) COASTAL
Announced that its wholly-owned subsidiaries have secured
contracts for the sale of five units Anchor Handling Tug Supply, one unit 300
Men Accommodation Work Barge and one unit 85m Subsea Support/Maintenance Vessel
for an aggregate value of approximately RM425 million.
Including the new contracts and after adjusting for
revenue recognition from vessels delivered to buyers up to 26 July 2013,
Coastal Group has about RM1 billion worth of vessels sales orders awaiting
delivery to customers up to 2014.
+ve as current cyclical up turn in their ship building
business is giving the company the opportunity to change their business model
to asset owners in the O&G space where medium term income should be more
stable. Buy on weakness.
6) Market - Maintain current outlook of consolidation in
the blue chips with rotational plays on mid/small cap names.