FBMKLCI
1802.57pts -5.74pts (-0.32%)
Volume 1.586b Value 2.097b
1) The KLCI slipped below the 1800 level (-9.74pts low)
in the earlier session before rebounding to close just -5.7pts down after the
US DOW Jones fell to a 5 weeks low on China concerns. In the regional market,
bourses were mostly weaker as HSI -1.25%, NIKKEI -1.94%, STI -0.78% all closing
in negative territory while SHCOMP +0.60% bucked the trend as money market
rates fell and property companies rallied. In the local market, PLANTATION
index -1.01% fell the most weighed down by KLK-4.35%, GENP-2.96%, KRETAM-5.69%
as the sector continue to be lacklustre. Market breadth was negative with
losers beating gainers by 452 : 294. Futures closed at 1797 (5 pts discount).
2) Heavyweights:
KLK -4.35% RM23.74, MAYBANK- 1.12% RM9.65, SKPETRO -1.955 RM4.51, SIME
-0.87% RM9.05, DIGI -1.26% RM4.67, PCHEM -0.89% RM6.66, CIMB +1.47% RM6.90,
AXIATA +0.61% RM6.57.
3) DBT: SUMATEC 45.715mil @ RM0.295 (1.481% PUC @ 3.3%
discount), GASMSIA 20mil @ RM3.70 (1.55% PUC), TITIJAYA 5mil @ RM1.43 (1.47%
PUC), HOHUP 3.9mil @ RM1.23 (2.745% PUC @ 4.7% discount).
4) Situational:-
ARMADA +2.01% RM4.06 - Bumi Armada Bhd has secured firm
platform support vessel (PSV) charter contracts from West Africa-based Interoil
Angola Limitada valued at RM52.6mil, with an additional RM105.2mil if the
extension options are fully exercised. The contract was awarded to Armada
Offshore OSV Limited and Bumi Armada (Labuan) Ltd for the charter of two PSVs
namely Armada Tuah 306 and Armada Tuah 302 respectively, to support Total
E&P Angola on the drilling campaign on Block 32 offshore Angola
5) SUNWAY REIT
1H Dec 2013 Tover +2.4% RM210.5m Net +8.6% RM117.4m DPU 4.23sen
In line
with cons(f) RM227m
The higher revenue was underpinned by its portfolio of
assets including contribution from Sunway Medical Centre. These assets were
able to enjoy double digit rental revisions.
Based on its annualised DPU, it is trading at an
annualised yield of 6.8%. HOLD
6) Market - Continued foreign selling flows coupled with
the weakening RM could see the market retest the 1800pts with the next more
meaning support at the 1786pts levels.
