FBMKLCI
1784.57 +5.25pts (+0.30%)
Volume 1.592b Value RM1.705b
1) The local market resumed trading after an extended
holiday weekend on Monday with the KLCI slipping at the opening session inline
with the weaker US market last week before quickly reversing losses to trade in
positive territory for the remainder of the day. In the regional market,
SHCOMP+2.39% and HSI +2.13% stocks jumped amid hopes of Beijing stepping in to
support the economy by means of stimulus. The NIKKEI -0.70% tumbled with thin
volume after the nation reported lower GDP of 2.6%. In the local market, penny
stocks topped the volume led by FLONIC+10%, SONA+2% and INSTACO +2.59%. Market
breadth was positive with gainers leading losers by 494 : 309. Futures closed
1782.5 (2pts discount)
2) Heavyweights : CIMB +1.27% RM7.96, MAYBANK +0.76%
RM10.48, AXIATA +0.73% RM6.90, PETDAG +2.42% RM28.68, GENTING +0.81% RM9.89,
AMBANK +1.27% RM7.97, PETGAS +0.96% RM20.92, SKPETRO -1.84% RM3.73
3) DBT : SCOPE
38.701mil @ RM0.21 (7.733% PUC @ 12.5% discount), INARI 13.704mil @ RM0.775
(3.064% PUC @ 10.9% discount), TGOFF 3mil @ RM0.59 (1% PUC @ 11.3% discount)
4) Situational:-
GADANG +2.12% RM0.96 - Gadang has won its maiden
affordable housing development under the 1Malaysia Housing Programme (PR1MA),
after accepting the LOA from Cyberview as the Developer Partner to develop
2,500 housing units on 109.31 acres of land in Cyberjaya. It's estimated that
the contract is valued just above RM1.0b, and that it has the potential to
generate some RM100.0m in revenue annually for a period up to nine years.
DRBHCOM +1.15% RM2.63- DRB-Hicom Bhd expects to tighten
its grip on the Lotus distribution in China following the RM47.3m acquisition
of Symphony Lotus Ltd, which is engaged in Lotus car dealership.
5) COASTAL
The company continues to ride on the crest of the current
O&G services boom by securing another contract for the sale of one unit
Anchor Handling Tug Supply and one unit Subsea Support/Maintenance Vessel for
an aggregate value of approximately RM170 million.
Including the new contracts and after adjusting for
revenue recognition from vessels delivered to buyers up to 12 August 2013,
Coastal Group has about RM1.2 billion worth of vessels sales orders awaiting
delivery to customers up to 2014. This revenue stream ensures the company a 15%
annual growth in earnings for the next two years thus enabling it now to
venture into ownership of recurring income assets which could become a major
rerating catalyst. BOW
6) Market - KLCI to remain in range bound trading levels
btw 1765-1800pts with rotational plays in penny stocks to continue.
