FBMKLCI
1824.17pts +8.03pts (+0.44%)
Volume 2.709b Value 2.339b
1) The KLCI recorded its 5th straight win as the US
closed stronger just before the Fed's Reserve new Chairman, Janet Yellen,
delivers her first report on monetary policy tonight. In the regional market,
bourses were stronger led by HSI +1.78% which recorded its best gains in 2 months
after valuations of the index fell to the lowest level in more than a decade;
ASX +0.62%, SHCOMP +0.84% and STI +0.42% all closed in positive territory. In the local market, SPAC counters saw active
trading with gains in HIBISCS +1.90% & CLIQ +2.25% and SONA +9.00% SONA-WA
+19.64%. Market breadth was positive with gainers beating losers by 494 : 314.
Futures closed at 1820 (4points discount)
2) Heavyweights:
DIGI 3.20% RM5.16, CIMB +1.19% RM7.23, PBBANK +0.62% RM19.24, AXIATA
+0.92% RM6.56, IOICORP+1.19% RM4.24, FGV +2.04% RM4.50, SIME+0.55% RM9.07,
MISC-2.08% RM6.10
3) DBT: SKPRES 10mil @ RM0.32 (1.11% PUC), MEXTER 8.6mil
@ RM0.068 (4.807% PUC @ 40.9% discount), BIOOSMO 3.15mil @ RM0.16
4) Situational:-
COASTAL 0.00 RM4.09 - Coastal rose to a high of RM4.25
before seeing profit taking as company has secured a RM1.24 billion jack-up gas
compression service unit charter contract from a group of Mexican companies,
which in turn has entered into a gas compression service contract with
Petroleos Mexicanos, the Mexican state-owned petroleum company. The
construction work will start immediately and is expected to complete in the
first half and commence in the 2nd of
2015. The charter contract is for a period of eight years with extension
options up to 12 years.
IRIS -2.17% RM0.45 - Iris Corp Bhd is not the subject of
a takeover by its current major shareholder, Felda, says group managing director.
The company has stated that as far as the Iris board is aware, there has been
no request from Felda on any issue related to their shareholdings. The rumours
started when Felda accumulated up to 26.7% in Iris after subscribing for a
25.0% stake in the latter via a private placement of 394.1 new shares in August
last year.
5) HARTA
9mths Tover +8.5% RM826.7m Net +6.7% RM184.1m EPS 24.8sen
*% below
cons (f) RM264.5m
The higher turnover is from the group's expansion in
production capacity and increase in demand. The operating profit margin
increased from 29.0% to 29.4% for the current year-to-date due to easing in raw
material prices of nitrile and natural latex but also offset by more
competitive sales pricing. The improved operation efficiency of the new
production lines also contributes to the increase in operating profit margin.
The global demand for nitrile rubber gloves continued to
grow at a high rate of over 20% due mainly to switching momentum from latex to
nitrile rubber gloves but this has also resulted in an increase in the number
of competitors and more competitive pricing.
The company has ambitious plans in capturing a large
slice of this market with its Next Generation Integrated Glove Manufacturing
Complex They plan to build six high capacity manufacturing plants that will
house 72 production lines. This will add another 28.5 billion pieces
aggregating to total installed capacity of over 42 billion pieces per year upon
completion of the NGC project. The total budgeted project cost including land
cost about RM2.26 billion and is targeted to complete up to 8 years. HOLD
6) Market - Expect profit taking to set in for the
balance of the week if the new Fed Chairman speech proceeds as expected with no
major surprises.
