FBMKLCI
1830.74pts +2.93pts (+0.16%)
Volume 2.947b Value 2.359b
1) The KLCI was generally in positive territory today as
the US market closed firmer after manufacturing data hit its highest in 4
years. In the regional market, most of the indices were generally optimistic
led by NIKKEI +2.88% which rose on earlier trades after the USD strengthened
while SHCOMP -1.17% fell the most in 6 months after the China Yuan fell for its
biggest weekly slide as manufacturing slowdown fuelled concerns. In the local
market, ACE market index +1.98% continued to trend higher, namely boosted by
IRIS +6.36%, INFOTEC +4.00%, NEXTNAT +7.14%, EDUSPEC +5.76%, as investors
switch to riskier assets in the market. Market breadth was positive with
gainers beating losers by 457 : 366. Futures closed at 1831.5 (1pt premium).
2) Heavyweights: PETGAS +1.55% RM23.50, SKPETRO +1.84%
RM4.42, IOICORP +1.33% RM4.55, PETDAG +1.19% RM30.05, PPB +1.12% RM16.18, YTL
-2.45% RM1.59, CIMB -0.56% RM7.07, TM -1.07% RM5.52.
3) DBT: PMHLDG 10mil @ RM0.08 (1.07% PUC), CHINWEL 5mil @
RM1.40 (1.83% PUC), GOLSTA 4.349mil @ RM2.10 (9.414% PUC @ 15.4% discount).
4) Situational:-
ADVENTA +13.33% RM1.19 - Adventa Bhd, which was
classified as a PN17 company on Jan 7, 2013 has successfully uplifted itself
out of this category as of today. The medical products manufacturer and
distributor became a PN17 company following the disposal of its entire gloves
manufacturing and trading business. Last year, on Dec 31, Adventa submitted an
application to Bursa Malaysia for a waiver to submit a regularization plan and
upliftment from being classified as a PN17 company. The group had recorded four
consecutive quarters of net profit till the quarter ended Oct 31, 2013.
5) Integrax
DecFY13 Tover+2.4% RM92.93m
N-1% RM41.23m E 13.71sen
D 4.5sen
94% of Consensus (f) RM43.8m
YoY, Revenue rose 2.4% mainly due to a 9.1% increase in
cargo throughput in LBT on coal demand from TNB while LMT throughput rose
marginally at 1.9%. However PBT fell 2.9% due to increase in depreciation and
administrative overheard which rose 8.4% and 11.5% respectively. Industrial
segment also saw 87.3% fall in revenue as only 5.16acres were sold compared to
45.86acres in the previous corresponding year. QoQ, Port operations revenue
were up 3.6%.
Hold with new revenue stream from Manjung 4 and 5 kicking
in from 2015 and 2017. While negotiations are still ongoing with Vale on their
level of participation in the transhipment hub and pelletization plant project.
6) Mkt: Rotational play to continue in small mid caps
with consolidation seen in the blues.
