FBMKLCI
1831.30 +6.19pts (+0.34%)
Volume 1.671b Value 1.924b
1) The KLCI broke its 3 day losing streak rallying as
much as +13pts (0.73%) before closing only 6pts above parity amidst the
stronger US market overnight just before the release of the FOMC minutes
tonight. In the regional market, bourses were generally stronger after the IMF
said it will raise its global economic growth forecast and the US trade deficit
narrowed; HSI +1.25%, NIKKEI +1.95%, STI +0.95%. In the local market,
pre-Chinese new year buying sentiment mimicked the stronger Asian market as
TECHNOLOGY +1.08% stocks outperformed the other sectors once again carried by
UNISEM +4.80%, KEYASIC +40%, MPI +2.04%. Market breadth was positive with
gainers beating losers by 486 : 338. Futures closed at 1832.5 (1pts premium)
2) Heavyweights: TENAGA +6.11% RM11.80, GENTING +1.20%
RM10.12, PETGAS +1.21% RM23.28, FGV +1.78% RM4.57, MAYBANK -1.50% RM9.81, PCHEM
-1.34% RM6.58, AMBANK -1.37% RM7.18, CIMB -0.40% RM7.32.
3) DBT: UTOPIA 60mil @ RM0.10 (6.67% PUC @ 25% discount),
HUBLINE 25mil @ RM0.055 (8.4% discount), RPB 23.809mil @ RM0.42 (2.77% PUC @
11.6% discount).
4) Situational:-
HOOVER +81.429% RM0.635 - the counter was queried by
Bursa Malaysia after hitting limit up in the morning session. Bursa Securities
had issued the unusual market activity after the share price surged and it
advised investors to take note of the company's reply to the query.
AIRPORT -1.395% RM8.48 - The highly-anticipated new Kuala
Lumpur International Airport 2 (klia2) is on track to open by 2 May this year.
Acting Transport Minister Datuk Seri Hishammuddin Hussein said currently the
target is for Malaysia Airports Holdings Bhd (MAHB) to receive the main
terminal building (MTB) along with the Certificate of Completion and Compliance
(CCC) by end-January. MAHB will be conducting the Operational Readiness and
Airport Transfer process for three months as soon as it receives the MTB and
CCC from the contractors.
5) LPI CAP :
FY1213 Rev+7% RM1.119b Net+21%
RM201.4m EPS 91.44s Div 70s
Results in line with cons Net of RM199m
For 12 months, higher revenue largely contributed by the
general insurance segment which registered +7.6%. Revenue from the investment
holding segment recorded higher investment income, mainly due to a higher
dividend income & interest income received in the current year. PBT was 20%
higher, contributed by the general insurance segment ( underwriting profit
registered by Lonpac was key contributor). Investment holding segment also
recorded higher PBT +12%, due to higher dividend income & interest income.
Qoq, PBT -1%, due to lower investment income received; Hold, we believe the Group
will be able to see growth of 16%-17% in gross earned Premium tagging along
with PBBANK's loan growth of 12%-15%. Both fire and motor insurance businesses
remain as the Group major growth driver.
6) Market : Bargain hunting activities will provide the
floor at 1820pts, whilst situational buying seen on underperformers.