FBMKLCI
1744.85 -0.57pts (-0.03%)
Volume 1.581b Value RM2.338b
1) The KLCI was
flattish after trading within a 6 pts range throughout the day inline with the
US market which closed mixed amidst better retail report but saw cautious trade
as investors await the minutes from the FOMC meeting. Regional market were
mixed as investors sentiment remain cautious while awaiting key economic data
such as HSBC Flash PMI and US job numbers that is due tomorrow. In the local
market, volume was thinner than usual with most the trade being penny stocks
namely MAS +1.47%, TMS -10.00%, INSBIO +66.67% RM0.05. Market breadth was
marginally positive with gainers edging losers by 380 : 368. Futures closed
1734.5 (10 pts discount).
2) Heavyweights : TENAGA -1.22% RM8.86, AMBANK-1.68%
RM7.58, IOICORP -1.11% RM5.30, SIME +0.85% RM9.40, MAXIS +1.27% RM7.15, FGV
+2.59% RM4.35, CIMB +0.52% RM7.62, MAYBANK +0.40% RM10.00.
3) DBT : YTL 30.331m @ RM1.70 (6.25% premium), CAP 9mil @
RM0.225 (1.5% PUC @ 36% discount), BJCORP 7.407mil @ RM0.585.
4) Situational:-
PERISAI +2.68% RM1.53 : Group has set up a S$700m
(RM1.8bn) multi-currency medium-term note programme to finance potential
acquisitions, a strategic expansion, general working capital, capex and
investments as well as to refinance existing group borrowings.
ARMADA +5.6%
RM3.96 : Bumi Armada Bhd plans to finalise a vessel purchase this week
for its oilfield services division, an arm of the group created to undertake
marginal oilfield and enhanced oil recovery (EOR) projects. Bumi Armada is
understood to be bidding for two marginal field and one chemical EOR job,
industry observers said. Group CEO Hassan also said a September award date was
likely for two long-awaited floating, production, storage and offloading (FPSO)
vessel contracts the firm had been pursuing - Kraken in the North Sea and
Indonesia's Madura.
5) Maybulk
1H June 2013 Tover
-8% RM126.1m Net -30% RM20.1m EPS 2.21sen
In line with cons(f) RM38m after excl investment gain of RM3.9m
The dry bulk segment continued to turn in a loss of
RM15.1m vs a profit of RM15m YOY due to lower charter rates and lower average
time charter (-10%) while the tanker segment saw the opposite with a turnaround
gain of RM2.5m vs RM2.6m loss YOY as it saw a rebound in rates and hire days.
Its 21% associate PACC Offshore remained the jewel in the group recording a
167% jump in share of earnings YOY to RM31.6m due to high demand for its
vessels.
Although the prospects for dry bulk and tanker biz remain
challenging, projected increases in offshore exploration and production
spending augurs well for its associate especially with talks of a separate
listing being worked out. BOW.
6) Market - the lower GDP expectations guided by BNM
today after 2Q GDP number came in at 4.3% and worsening current account will
see the Govt pushed to make tough decisions to avoid similar pitfalls that
other regional markets are experiencing. This added uncertainty will see market
continue to trade cautiously with a downside bias.