FBMKLCI
1792.48 -3.88pts (-0.22%)
Volume 1.901b Value 1.833b
1) The KLCI fell for a 2nd day today following the US
market that closed lower as investors pulled back over the Fed's conflicting
speech regarding its bond buying stimulus and it's widely anticipated reduction
later this year. In the regional market, SHCOMP -0.61% fell weighed down by
financial companies amid a possible rise in property tax as well as more
competition among banks. In the local market, the index was weighed down after
MAYBANK ex-div today while penny stocks were the highlights of the market with
names like TMS +12.90%, CSL +5.00%, PELIKAN +13.13%, GPACKET +13.04% led in
volume. Market breadth was slightly negative with losers beating gainers by 388
: 372. Futures closed 1790.5 (2pts discount).
2) Heavyweights : MAYBANK -0.30% RM9.97, CIMB -0.62%
RM7.90, AMBANK -1.44% RM7.49, PCHEM -0.43% RM6.90, GENTING +1.56% RM10.38, BAT
+2.85% RM64.80, KLK +1.51% RM22.78, PPB +1.69% RM14.44
3) DBT : DIGISTA 15mil @ RM0.28 (4.251% PUC @ 15.2%
discount), VERSATL 710k @ RM0.42 (9.7% discount)
4) Situational:-
OCK + 1.43% RM0.705 - OCK Group which launched its
RM150.0m Sukuk programme yesterday, intends to utilise the proceeds to execute
expansion plans for its telecommunications network services segment. OCK Group,
a local telecommunications network services company, plans to build and acquire
more telecommunication towers going forward.
IRIS 0.00% RM0.24 / VERSTL 0.00% RM0.465 - Iris Corp Bhd,
via its subsidiary Iris Healthcare Sdn Bhd (IHSB), together with three other
parties have launched a conditional takeover of packaging product manufacturer
Versatile Creative Bhd. Iris and the three parties - Versatile Credit &
Leasing Sdn Bhd (VCLSB), Datuk Tan Say Jim and Datuk Lee Kwee Hiang have
proposed to acquire VCB's remaining shares for a cash consideration of 50 sen
per share.
Results ahead
of cons RM106m ( 62% for HY)
For 6 mths ytd, higher revenue was mainly attributable to
higher contribution from the broking segment, hotel operations & property
development segment. Net was higher despite higher forex translation loss, but
in the absence of impairment loss on financial receivables, and higher
contribution from its investment portfolio which included interest income,
profit from disposal and FV gain on revaluation of investment securities. Qoq,
Rev +4%, PBT-30%. Although revenue contribution from the broking &
financial services, property development & credit and lending was higher,
in addition to higher interest income for the quarter, the group recorded
higher forex translation loss and lower gain on disposal of investment
securities in the current quarter.
6) Market: barring externalities, the market is likely to
continue its consolidation phase with the KLCI index ranging from 1780 to 1800.
Trading activities are expected to be focus on situationals & lower liners.
