FBMKLCI
1807.16 +14.77pts (+0.82%)
Volume 1.823b Value 2.590b
1) The KLCI bucked the regional trend breaching the 1800
level with ease to close at 1807pts after the US DOW broke above the 16,000
level for the first time briefly before closing just below the neckline. In the
regional market, bourses were lower as profit taking sets in for most of the
major indices just after its bullish weeklong rally. SHCOMP-0.19%, HSI -0.01%,
NIKKEI -0.21%, ASX -0.59% were all lower. In the local market, PLANTATION index
+2.34% outperformed other sectors as selected heavyweights gained, namely
IOICORP +3.48%, FGV +5.11%, KLK +4.38%. Market breadth was slightly positive
with gainers beating losers by 412 : 386. Futures closed 1809 (2 pts premium).
2) Heavyweights: IOICORP +3.48% RM5.65, SIME +1.88%
RM9.75, KLK +4.38% RM24.74, MISC +5.97% RM5.50, FGV +5.11% RM4.52, PETGAS
+1.81% RM23.60, SKPETRO +2.09% RM4.38, MAYBANK -1.83% RM9.65.
3) DBT : HYTEXIN 10mil @ RM0.10 (6.66% PUC @ 23.1%
discount), KAREX 3.8mil @ RM12.16mil @ RM3.20 (1.40% PUC), FURNWEB 2.07mil @
RM0.80 (2.28% PUC @ 8.1% discount).
4) Situational:-
BSTEAD +0.95% RM5.31 -
Boustead Holdings Bhd is raising up to RM1.2bn from a sukuk issuance to
finance its operations. The company yesterday said it had obtained the
Securities Commission's approval on the RM1.2bn Junior Islamic Medium Term
Notes programme. The programme is unique as it entails the issuance of hybrid
equity in the form of a Perpetual Junior Sukuk, it said in a statement.
5) CREST : 9 mths 09/13 Rev-38% RM243.4m Net +141%
RM32.5m EPS 22.3s
Core
earnings in line, making up 78% of cons RM23.8m.
For Q3 yoy, revenue from the Construction division-64%
but PBT+45%. This was mainly due to completion of certain projects by the end
of 2012 while increase in PBT was attributable to higher margins from projects
for the current quarter. In the Investment div, revenue was flat over the
periods, but there was a LBT of RM3.4m this year ( vs PBT of RM0.1m LY). The
slight decrease in revenue & PBT was mainly due to increase in maintenance
cost for properties in the current quarter. The Property Development div
recorded higher revenue +45% and PBT +140%. This improvement was due to new
development projects launched, Alam Sanjung in the quarter. Qoq, revenue-2%,
PBT-60%, PAT -71%. The significant decline was mainly attributable to`increase
in FV of investment properties recognised in the preceding quarter (c RM13.8m).
Ahead, we understand Cresbld's affordable property
project Alam Sanjung with an estimated GDV of RM300m has been receiving
overwhelming response & we will be anticipating the construction works for
its Dang Wangi project to take off in upcoming months.
6) Market: The break-out in the plantation index is
likely to follow through and carry the benchmark KLCI higher while the broad
market remains mixed.
