FBMKLCI
1773.54pts +21.97pts (+1.25%)
Volume 1.490b Value RM2.730b
1)The FBMKLCI were pushed up 5points at auction on
mid-year window dressing as index recorded gains for a 3rd consecutive days
inline with global bourses on comments from a top Fed Reserve official stating
that the Fed would not hastily end the stimulus program. In the regional
market, SHCOMP+ 1.50% rebounded after money market rates fell amidst
speculation of more government efforts to ease financing while NIKKEI +3.51% on
better economic data showing signs Abe's reflation plan is beginning to take
effect. In the local market, CONSTRUCTION+2.32% outperformed led by GAMUDA
+3.95%, IJM +1.62%,MUHIBBAH +10.83%. Market breadth was positive with gainers
stomping losers by 508 : 253. Futures closed 1768.5pts (5pts discount)
2) Heavyweights : MAYBANK +1.56% RM10.40, CIMB +1.22%
RM8.28, PETGAS +2.96% RM20.90, SKPETRO +3.02% RM4.09, PBBANK +0.83% RM16.94,
DIGI +2.15 RM4.76, GENM +2.91 RM3.89, SIME +1.06 RM9.58
3) DBT : UCHITEC 5.802mil @ RM1.26 (1.54% PUC), PERWAJA
2.925mil @ RM0.4 (8.1% discount), SKPETRO 2.6mil @ RM3.88 (5.2% discount)
4) Situational:-
MUHIBAH +10.83% RM1.74 : Muhibbah Engineering has been
awarded a licence by Petronas as an approved supplier for offshore facilities
construction and major onshore fabrication works. The licence allows it to
tender and participate in upcoming offshore facilities construction and major
onshore fabrication works for Petronas, as well as other oil operators in
Malaysia.
MPHBCAP +37.00% RM1.37 : Multi-Purpose Holdings Bhd's
proposed listing of MPHB Capital, a spin-off of its non-gaming assets, saw
positive response from its shareholders on its debut gaining 39% with almost
24.8mil traded in the market.
5) YINSON
1Q Apr 2013 Tover
-14% RM228.3m Net +44% RM15.4m EPS 7.7sen
6% above
cons(f) RM58m
Lower revenue was due to trading segment which recorded a
decrease of 17% to RM184m due to decrease in demand and drop in unit price of
trading materials. Marine segment however posted an increase in PBT by RM0.9m
to RM5.81m due to increase contribution from chartering of 2 new vessels during
the current qtr. Its JV FSO began its first contribution this qtr adding
RM8.9m.
The recent transaction agreement announced to acquire
Fred Olsen Pdn ASA will catapult the company into the major league of FPSO
players and will significantly contribute to group earnings in FY 4/2015 with
full year effect. BOW
6) Market - After the past few days of rebound, markets
are likely to enter a quieter phase with the KLCI consolidating around the
1750-1780pts levels.