FBMKLCI
1772.27pts +0.93pts (+0.05%)
Volume 1.628b Value RM1.959b
1) KLCI rose to a high of 1778.96 (+7.62pts) in early
trade as global equities rallied on the back of European policy makers pledged
to keep borrowing costs low for longer period. Index could not sustain its
gains as key heavyweights saw profit takings with market closing at day's low.
Lower liners and penny stocks saw active trading and hefty gains led by
SCOMIES+25%, PUNCAK+16%, ENGTEX+14% and YLI+45%. Market breadth was positive
with gainers thumping losers 544 : 215. Futures closed 1775 (3pts premium).
2) Heavyweights : PETGAS+1.24% RM21.16, MAXIS+0.88%
RM6.85, UEMS+3% RM3.08, MAYBANK-1.14% RM10.38, GENM-1.78% RM3.87, SIME-0.42%
RM9.46, BAT-1.2% RM58.68, CIMB-0.24% RM8.27
3) DBT : MASTEEL 10mil @ RM0.99 ( 4.59% PUC @ 5.7%%
discount), FARLIM 2.2mil @ RM0.31 (1.5% PUC @ 8.8% discount)
4) Situational:-
TA+2.17% RM 0.705 : TA enterprise bhd's managing director
and CEO Datin Alicia Tiah clarified to the media that the company is not
selling its stockbroking subsidiary TA securities Holding Bhd. Over the past
month, there had been speculations that TA was talking to Kenanga to sell the
business to the latter.
5) CBIP : Co announced that AVP Engineering (M) Sdn Bhd),
a 51% owned subsidiary of CBIP, has received the Letter of Award dated 20 June
2013 from the Ministry of Housing and Local Government Malaysia to supply,
deliver, install, test and commission 100 units of 4x2 Prime Mover vehicle
attached with water tank trailer with a capacity of 20,000 liters complete with
main pump, engine and fire fighting equipment to the Fire and Rescue Department
of Malaysia. Contract is worth RM136.8m. +ve, this is the 2nd win announced
this week, after the RM40.5m sterilization palm oil mill in Sabah. LOA is
expected to contribute positively to the earnings for FYs 2013-15. CBIP is
expected to receive RM350m-RM450m worth of construction contracts in FY13F
versus about RM280mil in FY12. We like group for its undemanding valuations and
proven track record in the mill construction industry. Dividend yield is decent
at c4.5% for FY14F supported by free cash flows of c6.6 sen/share - Accumulate.
6) Market: Barring an exceptional out-of-range US jobs
data tonight, Bursa's two-tiered trading is likely to persist with the lower
liners continuing their rotational play while the KLCI index stocks trade
sideways to a positive bias.
