FBMKLCI
1703.78 +17.61pts (+1.04%)
Volume 1.852b Value RM2.261b
1) The KLCI opened marginally lower before surging to
close up 1% as investors snapped up heavily sold down stock after the US ended
higher overnight. In the regional market, bourses were also stronger led by
NIKKEI +0.91%, KOSPI +1.22% and HSI +0.84% after slipping for 3 days. In the
local market, O&G related stocks saw plenty of buying interest, namely ALAM
+10.52%, PERISAI +7.69%, THHEAVY +7.48% , SKPETRO +4.15%. Plantion+0.76% was a
laggard sector after CPO futures fell 1.5%. Market breath was positive with
gainers thumping losers by 678:182. Futures closed 1705 (2 pts premium).
2) Heavyweights : MAYBANK +2.47% RM9.94, AXIATA +2.12%
RM6.74, SKPETRO +4.15% RM3.51, CIMB +1.26% RM7.20, PCHEM +2.06% RM6.50, PETGAS
+2.19% RM19.54, SIME +0.75% RM9.39, IHH +1.82% RM3.91
3) DBT : SERSOL 10mil @ RM0.485 (5.189% PUC @ 28%
discount), MAYBANK 8mil @ RM9.85, MQTECH 6mil @ RM0.1667 (2.602% PUC @ 4.8%
discount).
4) Situational:-
MAYBANK +2.474% RM9.94 - Maybank Kim Eng and Vietnam's
State Securities Commission signed a three-year agreement in Hanoi on Wednesday
to develop joint initiatives to strengthen Vietnam's securities market. The two
parties will work together in such areas as risk management and controls,
corporate governance and compliance, product development, standard accounting
and reporting system. Maybank KE and the SSC will also organise workshops,
seminars and professional training programmes for the latter's officials, as
well as jointly conduct business surveys and product feasibility studies.
5) SUNWAY
1H June 2013
Tover +18.2% RM2.14bn Net
RM261m EPS 20.2sen
After
excl fair value gain, 3.4% above cons(f) RM388.5m
Property and development segment reported revenue of
RM489.6m (+40%) and PBT of RM126.7m (+60%) mainly due to stronger sales
achieved in recently launched projects esp those located within close proximity
to new infra developments such as elevated BRT and MRT lines. In addition Singapore
contribution was higher. The other major division, construction recorded
revenue of RM802.2m (+24%) and PBT of RM46.2m (+61%) as stronger progress
billings of local infrastructure and building works plus stronger pre cast
product.
Other divisions saw trading and manf record PBT of RM23m,
quarry RM11.8m and others RM12.6m.
The company also recorded a fair gain of RM59.7m for the
current qtr.
It declared an interim div of 5sen
Buy on weakness
6) Market - Current technical likely capped at 1724pts as
global markets wait for the Feds decision in mid Sept.