FBMKLCI
1841.87 +14.92pts (+0.82%)
Volume 1.144b Value 1.454b
1) The KLCI touched an all time high of 1843pts (+16.67
pts) today before closing just slightly off the peak after the US market broke
its 5 days losing streak as the country reported stronger employment data. In
the regional market, sentiments were positive as better inflation and trade
data reinforced optimism from the west as NIKKEI+ 2.29% , SHCOMP +0.05%, HSI
+0.29%, KOSPI +1.01% all closed higher. In the local market, while bluechips
pushed the index higher, the Industrial index +1.54% gained the most grounds
with PCHEM +2.98%, PETGAS +1.47%, LAFMSIA +2.12% leading the sector. Market
breadth was positive with gainers outpacing losers by 457 : 294. Futures closed
at 1836.5 (5 pts discount).
2) Heavyweights: PCHEM +2.98% RM6.90, MAYBANK +1.22%
RM9.95, TM +3.01% RM5.47, IOICORP +1.69% RM 6.00, SKPETRO +2.5% RM4.47, GENM
+2.64% RM4.27, PETGAS +1.47% RM23.40, KLK -1.96% RM23.92
3) DBT: ELKDESA 16.9mil @ RM1.45 (13.52% PUC @ 3.3%
discount), AMBANK 13.5mil @ RM7.445, HSPLANT 10.813mil @ RM2.50 (7.5% discount).
4) Situational:-
SONA +4.59% RM0.455 - News reported Sona Petroleum may
buy Indonesian Oilfield for RM418m. Sources claim that Sona Petroleum is
looking to buy 100% stake in a Sumatra oilfield which is producing 1,500
barrels of oil per day. The oilfield is also said to have the capability of ramping up production to 4,000 barrels a
day.
5) CBIP :announced that in reference to the news article
which was published in Sinchew Daily newspaper on Saturday, 22 November 2013,
particularly on their Plantation land area in Indonesia owned by plantation
corporations (Hectares), it should read total area 76,088ha ( 65.662ha
unplanted & 10,426ha planted) instead of total area of 49.422ha ( 47.122
unplanted & 2,300 ha planted) as reported; We are neutral on the
clarification, and continue to like CBIP as it is an inexpensive proxy to the
plantation sector, which is shielded from CP price volatility. We believe
CBIP's recent proposed acquisition of Vickers Hoskins' boiler factory will
extend it's market reach and bolster medium-term growth. Meanwhile, its
plantation operations in Indonesia which will start contributing more
significantly from FY16/17 should drive long-term growth.
6) Market: Expect to see rotational interest into
mid-caps and lower liners now that the blues & the KLCI Index have broken
out; those at interesting levels are AirAsia, Jtiasa, Kulim, Daya, Naim, WTK,
WCT.