FBMKLCI
1797.97 +3.45pts (+0.19%)
Volume 1.746b Value 1.883b
1) The KLCI rose to as high as 1806pts before erasing
gains to close just +3pts after the US continued its strong rally setting a
record high for the Dow Jones Index. In the regional market, SHCOMP -0.47%
retreated for a 3rd day after an explosion at a SINOPEC, led declines among
energy shares; while the rest of the bourses trended higher, NIKKEI +1.54%, STI
+0.25%, KOSPI +0.49%. In the local market, ACE market index outperformed today
as small cap stocks stocks , INARI +4.19%, IRIS +1.88%, OSKV +8.33%, took the
spotlight. Market breadth was positive with gainers leading losers by 448 :
341. Futures closed 1799.5 (2pts premium).
2) Heavyweights: CIMB +0.94% RM7.51, TENAGA +0.73%
RM9.64, PCHEM +1.05% RM6.70, AMBANK +1.22% RM7.42, SIME +0.41% RM9.60, PETGAS
-0.93% RM23.32, YTL -1.84% RM1.60, GENM -0.92% RM4.30
3) DBT: SUMATEC 40mil @ RM0.315 (1.297% PUC @ 4.6%
discount), EVERGRN 4.052mil @ RM0.4720, SIME 3.338mil @ RM9.7978 (2% premium).
4) Situational:-
MAYBANK + 0.20% RM9.61 - PT Maybank Kim Eng Securities,
facilitated by PT UBS Securities Indonesia, had on Friday last week (Nov 22)
sold 9.3% shares of PT Bank Internasional Indonesia (BII) Tbk (BNII) for a
total Rp1.75 trillion. The transaction, for 5.67 billion shares, was made
through negotiated market.
5) UEMS: 9mths
09/13 Rev+51.8% RM1.89bn Net+103%
RM501.18m Eps 11.49sen
Making up
92% of consensus FY of RM544.17mil
YTD, Revenue were sharply higher due to recognition of
Puteri Harbour land sale of RM400mil in the 1Q and RM182mil in the 3Q.
Excluding the land sales revenue, property development revenue contribution
would be similar to corresponding year. Excluding gains from land sale, PBT is
estimated at RM388mil which is 24% above the previous year. This was partly due
to increase in JV profits which rose 31.7% yoy to RM70.9mil.
Sales generated from property development for the period
was RM2.13 billion of which, RM1.56 billion was contributed from its sales in
Nusajaya. The projects contributing to these sales include Teega, Arcoris, East
Ledang, Nusa Idaman, Nusa Bayu and Symphony Hills. This is inline to achieve
group's target of RM3bn in sales.
Current level appears to have priced in the negatives
from the Budget 2014 but there are some new concerns on the proposed changes to
the state by the Sultan. May continue to consolidate with the added
uncertainty.
6) Market - Range bound trading to be maintained as the
market builds momentum for the traditional year end rally. Buy on weakness
especially when KLCI ard the 1780 levels.
