FBMKLCI 1826.95 +2.09pts
(+0.11%) Volume 1.039b
Value 1.615b
1) The KLCI slid at the opening following the weaker US
market overnight as improving data that fuels stimulus bets, but the CI picked
up in volume and momentum in the 2nd half boosted by plantation heavyweights
touching a day high of +7.35 pts before closing just +2.09pts. In the regional
market, NIKKEI +0.81% rose today after the Dollar fell against the Yen, while
SHCOMP -0.44% fell today just before the release of US employment data this
weekend. In the local market, stocks in the SMALL cap index +0.39% were
actively traded as HIBISCS +5.28%, PUNCAK +3.78%, COASTAL +2.49%, KPS +2.52%
gained. Market breadth was positive with gainers inched passed losers by 362 :
356. Futures closed 1821 (6 pts discount)
2) Heavyweights: MAYBANK +0.92% RM9.83, IOICORP +1.72%
RM5.90, MISC +2.66% RM5.39, TENAGA +0.54% RM11.00, DIGI +1.04% RM4.85, ASTRO
+3.86% RM2.96, PETGAS -1.03% RM23.06, GENTING - 0.79% RM10.00.
3) DBT: STEMLFE 29.44mil @ RM0.60 (11.895% PUC @ 42% premium),
BJAUTO 13.250mil @ RM1.71 (1.65% PUC), BRAHIMS 5mil @ RM1.59 (2.22% PUC)
4) Situational:-
KGB +0.00 0.57 - High technology engineering solutions
provider, Kelington Group Bhd, has secured a RM148m contract to provide ultra
high purity mechanical, electrical services and medical system for the Kang Hui
Maternity Centre Services (Shanghai) Co Ltd in Shanghai. The contract, to
commence this month, is expected to be completed by October next year.
Kelington said the award's final acceptance is subject to the official approval
by financial institutions for banking facilities.
HELP +8.73% RM2.49 - Better Education Enterprise Sdn Bhd
(BEE), a unit of Southern Capital Partners III Ltd announced its intention to
undertake a voluntary takeover offer to buy HELP International Corp at RM2.53
cash per share. This values the company at RM359m. BEE does not intend to
maintain HELP's listing status. Selangor Properties, HELP's largest shareholder
(holds 51% stake) also announced it will accept the takeover offer for its
stake in HELP.
5) HEKTAR REIT : announced that it has carried out a revaluation
exercise on the following properties to determine the current market values
(Subang Parade, Mahkota Parade, Wetex Parade, Central Square and Landmark
Central) for accounting purposes as per Financial Reporting Standard 140. The
total revaluation of Subang Parade, Mahkota Parade, Wetex Parade, Central
Square and Landmark Central stands at RM 1,047m, and represents a surplus of
approximately 1.4% over the unaudited net book value of RM1,033 million as at
30 September 2013 (before revaluation). Based on the unaudited results as at 30
September 2013, the net asset value per unit of RM1.4926 will increase to
RM1.5285 upon incorporation of the revaluation surplus of RM14.4 million or
equivalent to 3.59 sen per unit; Neutral, HEKT's 3QFY13 net profit was in line
with expectations. The REIT's DPU will likely remain stable going forward,
despite the possibility of lower contributions from Central Square arising from
its upcoming refurbishment as this will be compensated by growth of the other
malls.
6) Market: the US November payroll data to be released
tonight will be scrutinized closely by investors for leads to QE tapering which
will influence trading next week.