FBMKLCI 1797.42
pts (+6.05 pts, +0.34%) Volume 1.74b Value RM1.75b
1) The KLCI gapped up & remained in positive
territory throughout the sessions on the back of a higher Dow, after the US
Congress voted to end the government shutdown & raise the debt ceiling,
ending the nation's fiscal impasse, temporarily. Regional markets were generally
higher in tandem. Penny stocks once again dominated the market volume, TMS +5%
, DAYA +6%, MAS +1.4% , SUMATEC +44% . The Technology sector stood out, led by
gains in GLOBETRONIC +1.6% , MPI +1.15% & UNISEM +1.1%. Market breath was
positive , with gainers leading losers 478:298. Futures closed 1800 pts ( 2.6
pts premium).
2) HEAVYWEIGHTS :
SKPETRO +3.9% RM4.0, AIRASIA +1.5% RM2.77, UMW+1.5% RM12.30, FGV +1.4% RM4.46,
DIGI +1% RM4.96, CARLSBG -2.1% RM12.42, MISC -0.6% RM5.08,
3) DBT : IJM 13.06m @ RM5.83, FURNWEB 12m @ RM0.63, PRIVA
6m @ RM0.085.
4) Situationals;
MAHB +0.7% ,
AIRASIA +1.5% : After it was reported
that KLIA2, the world's largest purpose-built airport for low-cost carriers, is
94.0% complete and is slated to open by the May 2, 2014 deadline. Malaysia
Airports Holdings Bhd (MAHB) Chief Operating Officer Datuk Abd Hamid Mohd Ali
said the terminal building was 99.0% ready and "is at finishing work
stage." The MAHB expects 80.0% occupancy rate on the first day of operations,
he told the media yesterday.
DAYA + 6.2% : It was announced that Co has entered into a
charter party contract with Swiss based Allseas UK Ltd with an estimated
contract value of up to RM11.8m for a period of 20-30 days. The contract is for
the provision of an offshore walk to work subsea construction vessel , together
with a range of offshore services for Britain's North Sea region. Scheduled to
commence in October, Daya will deploy its newly built OSCV Siem Daya 1 on its
second charter.
5) MKH
The Board of Directors of MKH Berhad ("MKH")
wishes to announce that Kajang Resources Corporation Sdn Bhd
("KRCSB"), a wholly owned subsidiary of MKH has completed the
acquisition of all that piece of freehold land held under Geran 44865, Lot
1014, situated in Mukim Semenyih, Daerah Ulu Langat, Negeri Selangor measuring
approximately 64 acres for a cash consideration of RM50,656,932.00.
The Land is a parcel of agricultural land with
development potential strategically located in Bandar Teknologi Kajang and is
approximately 8 km to the east of Kajang Town Centre. The immediate
surroundings of the Land comprise mainly of development lands including
Hillpark Homes, Kajang 2, new KTM station, international and private school.
The purchase price of RM50,656,932-00 for the Acquisition
was arrived at RM18psf after taking into consideration the market value of the
properties surrounding the Land, the development potential of the Land as well
as the last valuation conducted by CH Williams Talhar & Wong ("Valuation
Report") on 16 August 2013 on Lot 1014, Mukim Semenyih, Daerah Ulu Langat,
Negeri Selangor which was valued at approximately RM20psf.
The Land will be developed into a residential and
commercial development with an estimated total gross development value of
approximately RM300 million over a period of approximately 4 years. +ve
6) Market: +ve momentum may lead KLCI to retest recent
high of 1826pts although for Msia, clearer direction will emerge after tabling
of Budget 2014 on 25th Oct.
