FBMKLCI
1822.06 -10.20pts (-0.56%)
Volume 1.574b Value 1.814b
1) The KLCI fell inline with the regionals as markets
came under pressure after China's trade data revealed a higher than expected
deficit in the country as exports fell (-18%) and import rose; HSI -1.75% & SHCOMP -2.86% led other
bourses into the red with NIKKEI -1.01%, ASX-0.93% not far behind. In the local
scene, stocks connected to MAS incident saw heavy selling at the opening before
showing recovery at close led by MAS -4.00%, AIRPORT -1.67% and Brahims-3%.
Market breadth was negative with losers thumping gainers by 519 : 217. Futures
closed at 1820.5 points (1.5points discount)
2) Heavyweights: MAYBANK -1.33% RM9.61, IOICORP -0.21%
RM4.69, IHH -2.83% RM3.77, GENM -1.86% RM4.21, SKPETRO -1.35% RM4.38, CIMB
-0.56% RM7.03, PPB -1.58% RM16.14, MISC +2.90% RM6.73
3) DBT: AMBANK 10.786mil @ RM7.177, KAMDAR 1mil @ RM0.55,
SHANG 24.5k @ RM6.72 ( 2.2% discount).
4) Situational:-
OKA +16.66% RM1.61 - OKA Corp Bhd shares rose following
its proposal to undertake a 1-into-2 stock split. It said the exercise will
expand its issued based to 121.8 million shares of 50 sen each, compared to the
existing 60.9 million of RM1 each.
PESTECH +5.01% RM3.98 - Pestech has sealed a US$86.05mil
(about RM282.58mil) contract to build a 198km power transmission line from the
Sihanoukville area to Phnom Penh city. The job mainly involves the design,
installation and commission of the 230KV West Phnom Penh- Sihanoukville Transmission
line and a substation.
5) BERJAYA AUTO
9mths Jan 2014
Tover +60% RM1.05bn Net
RM84.2m EPS 11.35sen
18% above cons(f) RM112.2m
The quadruple jump in earnings was due to the higher
revenue and improvement in the overall gross profit margin in Malaysia mainly
arising from the weakened Japanese Yen vs Ringgit Malaysia, consolidation of
Berjaya Auto Phillipn's results, and the
share of profit in Mazda Malaysia Sdn Bhd, an associated company (which
commenced operations in February 2013).
Motor vehicle sales volume in Malaysia remained robust
with good demand for all CX-5 and Mazda6 models.
Profit margins improved for certain popular models in
Malaysia and the share of results from its associated company helped boost the
bottom line.
This trend is likely to continue with good demand for the
new CBU Skyactiv models i.e. Mazda3, CX-5 (2.5L), Mazda6 and Biante in
Malaysia.
Trading at only 11.6x PE 2015 earnings, we expect the
market to continue to rerate the counter closer to the industry average of
13.2x as it continues to gain market share which at last count totalled 3.9%
6) Market - More uncertainty brought upon by the weaker export
numbers out of China and geopolitical risk in Ukraine will see investors
remaining cautious and side line with the KLCI stuck in this current band.
