FBMKLCI
1825.11 -4.07pts (-0.22%)
Volume 1.742b Value 1.883b
1) The KLCI closed lower inline with the weaker US market
overnight after a mixed batched of economic reports that signalled a slower
growth in December; this was followed by the announcement of Janet Yellen as
Fed's new chairmen succeeding Ben Bernanke by the Senate. In the regional market, bourses were mixed as
SHCOMP +0.08% and HSI +0.13% closed in positive territory albeit little gain
while the NIKKEI -0.59% fell into the red behind profit taking. In the local
market, TECHNOLOGY +1.29% sector outperformed once again while the PLANTATION
+0.94% stocks fell behind dragged lower by IOICORP -2.24%, KLK -0.99%, GENP
-2.89%. Market breadth was positive as gainers outpaced losers by 435 : 382.
Futures closed at 1828.5 (3pts premium)
2) Heavyweights: PCHEM -1.91% RM6.73, IOICORP -2.24%
RM4.36, CIMB -0.81% RM7.35, IHH -1.79% RM3.82, GENTING -0.79% RM10.00, PBBANK
+0.63% RM19.10, TM +1.67% RM5.48, SKPETRO +1.08% RM4.66.
3) DBT: MAYBANK
15mil @ RM9.97, CONNECT 10mil @ RM0.11 (5.82% PUC @ 31.3% discount), BARAKAH
5.95mil @ RM1.4899 (5.8% discount).
4) Situational:-
PRKCORP +3.72%
RM3.62 - Perbadanan Kemajuan Negeri Perak (PKNP) intends to privatise Perak
Corp Bhd via a selective capital reduction (SCR) and repayment totaling
MYR183.0m or MYR3.90 per share. In a filing with Bursa Malaysia yesterday,
Perak Corp said it had received the proposal from PKNP, which owns 52.3m
shares, or a 52.27% stake, and three other shareholders to undertake the corporate
exercise. Under the proposed SCR, the entitled shareholders will receive a
total cash payment of about MYR183.7m, which represents a cash amount of
MYR3.90 a share. The cash payment represents a premium of 11.7% over its last
traded price of MYR3.49. PKNP has proposed that the total capital repayment be
funded via internal funds and/or financing facilities.
5) BRAHIM :
announced that it had entered into a Collaboration Agreement (CA) with
ANA Holdings Inc to produce halal Japanese cuisine for in-flight catering in
Japan and to consider the establishment of a joint venture for a Halal flight
kitchen in Narita and Haneda Airports, Tokyo, Japan. The salient terms include
(a) washoku-Japanese collaboration at BHB, (b) halal kitchen at ANAC, (c) marketing
of Brahim's Products in Japan & (d) Supply of BHB Products to hotels in
Japan ; +ve, objective of the CA is to form a strategic business alliance and
collaboration to explore ways and draw on the inherent synergies of the
respective parties to gain new market share in Halal flight catering, increased
distribution and positioning in the Asia Pacific region to tap the Halal food
market in both Japan and Malaysia and other parts of Asia. The partnership will
also allow Brahim's to diversify from its dependence on the KLIA passenger
traffic flow, thereby reducing the concentration risk of the group's revenue
and earnings base. Other share price catalysts include positive earnings
surprises, debt refinancing initiatives, announcement of maiden dividend &
M&A activities. BOW.
6) Market : Profit taking activities continue to weigh
down the KLCI, following gains recorded in December. 1820pts remain the
immediate support for bargain hunting.