Monday, February 24, 2014

Market Roundup | 21 February 2014


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.