FBMKLCI
1762.87pts -9.40pts (-0.53%)
Volume 1.369b Value RM1.570b
1) The KLCI opened marginally higher inline with the US
after reporting better payroll numbers before index reversed gains to close day
low as regionals were weaker led by SHCOMP -2.44% pending release of China
inflation data tomorrow as well as troika meeting to discuss further bailout
plan for Greece. In the local market, the FINANCE index -0.91% fell the most
weighed down by MAYBANK -0.77%, HLFG-2.58% and AMBANK -1.69%; market breadth
was negative with losers slightly higher than losers at 432 : 314. Futures
closed 1769.5pts (7pts premium)
2) Heavyweights : MAYBANK -0.77% RM10.30, AMBANK -1.69%
RM7.52, DIGI -1.06% RM4.65, PBBANK -0.35% RM 16.96, PPB -1.93% RM14.22, GENM
-1.29% RM 3.82, CIMB -0.36% RM8.24, FGV -1.54% RM4.48
3) DBT : HUBLINE 56mil @ RM0.05 (1.72% PUC), PRTASCO
30.133mil @ RM1.20 (9.39% PUC), TALIWRK 21.5mil @ RM0.90 (4.93% PUC @ 6.75
discount)
4) Situational:-
DELEUM +14.78% RM3.65 - News reported that group is on
the verge of clinching a 4 year pan Malaysia "slickline contract" worth
up to RM700mil as Deleum's oilfield services arm will be three times larger
next year than it is now and its order book will increase to RM2.1 billion. The
contract value nearly doubles Deleum's revenue of RM473.2 million for financial
year ended Dec 31, 2012. The RM700 million contract value came from a RM300
million contract that sources said was already awarded by Petronas Carigali Sdn
Bhd. The remainder is expected to be awarded by Exxon Mobil Corp's subsidiary
ExxonMobil Exploration and Production Malaysia Inc, and Newfield Exploration
Co.
5) Matrix
Matrix Concept Holdings Bhd (Matrix) announced that it
has acquired 2 pieces of land in Seremban, Negri Sembilan measuring in total
431acres for RM106.8mil vs market valuation of RM108m. These land are located
adjacent to its flagship development Bandar Sri Sendayan.
The preliminary plans comprise mixed development
consisting of 2-storey shops, semi-detached homes and link homes which is
expected to generate GDV of RM1.56bn. This will enlarge the groups remaining
undeveloped landbank in Bandar Sri Sendayan to 1,350acres with total GDV yet to
be launched standing at RM4.8bn.
Acquisition is expected to be completed within 5 months
and will see Matrix gearing ratio increase from 0.07x to 0.17x HOLD as still
yields attractive 5.2%
6) Market - Index to remain locked in range bound trading
with situationals continuing to grab the limelight especially in the O&G
sector.
