FBMKLCI
1727.58 +23.80pts (+1.40%)
Volume 1.609b Value RM2.478b
1) The KLCI bucked the regional trend as it traded in
positive territory throughout the day and saw the index add another 5pts during
auction on the back of the month end window dressing. In the regional market,
bourses were mixed with HSI and HK ended flat; while the NIKKEI closed lower
after manufacturing data missed estimates. In the local market, some of the
heavyweights that were pushed up at the end were PETDAG, GENM, PETGAS, PCHEM.
Market breath was positive with gainers beating losers by 492 : 299. Futures
closed 1721.5 (6pts discount).
2) Heavyweights : PBBANK +1.65% RM17.16, PCHEM +2.79%
RM6.62, GENM +4.20% RM4.21, PETGAS +3.07% RM20.14, PETDAG +5.46% RM27.80, CIMB
+1.11% RM7.28, TM +2.85% RM5.41, GENTING +1.64% RM9.33
3) DBT : KNM 28mil @ RM0.40 (1.879% PUC), MAYBANK 8.5mil
@ RM9.95, MAICA 6.894mil @ RM0.57 (5.289% PUC @ 14% premium).
4) Situational:-
ARMADA parity RM3.90 - Bumi Armada, and Dutch
multinational Fugro, a specialist in geo-science services, have signed a JV
agreement to cater to the well services industry. Bumi Armada will take a 51%
interest and Fugro a 49% interest in the new company, which will feature a
multi-disciplined team made up of staff from both companies with skills in
marine operations, well intervention and drilling operations. Bumi Armada said
the new company would leverage the strengths of each party to develop new lines
of business in the fast expanding well services segment, widening each company's
offerings to their respective client bases.
5) SCable
Sarawak Cable announce that its wholly-owned subsidiary,
Trenergy Infrastructure Sdn Bhd received a Letter of Intent from Sarawak Energy
Berhad on its intention to award to Sinohydro-Trenergy Joint Venture the Mapai
to Lachau 500Kv Transmission Line Project in Sarawak ("Package B")
for a contract sum of RM352.8 million and the Lachau to Tondong 500Kv
Transmission Line Project ("Package C") in Sarawak for a contract sum
of RM265.8 million.
It is intended that the date of commencement of the works
for both Package B and Package C shall be 1 October 2013 or such later date as
may be notified by Sarawak Energy Berhad, with completion period of
Twenty-Three (23) months and Twenty-Six (26) months for Package B and Package C
respectively.
+ve but expected, main earnings catalyst for the group
for the next two years.
6) Market - The KLCI is expected to be range bound btw
the 1680-1730pts levels awaiting further development on geopolitical issues in
the middle east and ahead of the FOMC meeting in Sept.
