FBMKLCI
1797.90pts +12.02pts (+0.67%)
Volume 1.825b Value 2.200b
1) The KLCI recorded a strong finish as it closed near
day high despite the weaker US market overnight after US payroll data missed
estimates. The regional market was mostly positive led by HSI+0.72% which
rebounded from its 6 months low while ASX +1.20%, STI +1.03% followed. In the
local market, trades were active today as the trading value reached RM2.2bil
after some bluechip stocks saw a boost at auction time, namely YTL +4.63%, PPB
+3.71%, SKPETRO +2.28%, FGV +1.60%, SIME
+1.47%. Market breadth was positive with gainers outpacing losers by 498 : 251.
Futures closed at 1793.5 (4 pts discount).
2) Heavyweights:
DIGI +3.63% RM4.85, SIME +1.47% RM8.95, YTL +4.63% RM1.58, SKPETRO
+2.28% RM4.48, PPB +3.71% RM15.62, MAYBANK +0.72% RM9.70, KLK +2.16% RM23.60,
GENTING -1.18% RM10.02
3) DBT: DVM 26.75mil @ RM 0.07 (4.606% PUC), YINSON
9.350mil @ RM6.70 (3.62% PUC @ 9.1% discount), GREENYB 9.002mil @ RM0.18 (
2.69% PUC @ 12.2% discount), TITIJYA 5mil @ RM1.45 (1.47% PUC, 3.3% discount)
4) Situational:-
THHEAVY +0.55% RM0.91 - TH Heavy Engineering Bhd (THHE)
has received a letter of award from Petronas Carigali Sdn Bhd to build a
topside structure at one of the latter's gas development projects in Sabah. The
contract is for the procurement, construction and commissioning of a topside
structure for Petronas Carigali's Kinabalu Non-Associated Development Project.
It is a one-off, 18-month contract, with industry sources saying that the
contract could be worth around RM250m.
5) UMW OG
The company has entered into a Vessel Construction
Agreement with Keppel FELS Limited for the design, engineering and construction
of a Rig Vessel, KFELS B Class jackup rig, for a cash consideration of USD218
million.
The Rig Vessel is expected to be delivered by the end of
September 2015.
Payment terms are 20% upon the award of the contract and
no later than 7 February 2014; and 80% upon delivery of the Rig Vessel to UD 8
in September 2015.
+ve This comes hot on the heels of Naga 5, its new jack up rig scheduled to be rolled
out in May this year. Valuations remain lofty but match by its aggressive
expansion plans.
6) Market - Cautious rebound to continue with focus still
firmly in the mid cap space especially O&G sector related names.