FBMKLCI
1820.48 +2.31pts (+0.13%)
Volume 1.751b Value 3.128b
1) The KLCI traded in a 5 points range despite seeing a
firmer US market overnight which rose on better economic numbers and leading
indicators giving optimism recovery remains intact. In the regional market, HSI
+1.20% and SHCOMP +2.72% both rebounded led by the HSCEI index after valuations
reached attractive levels. In the local scene, PROPERTY +1.10% and CONSTRUCTION
+1.29% index outperformed the CI as selected heavyweights such as UEMS +2.79%,
IJMLAND +3.12%, UOADEV +4.97%, E&O +3.79%, IJM +1.35% and WCT +3.77%
boosted the sector index. Value traded surpassed RM3bn as blues were heavily
traded possibly due to the FTSE index rebalancing exercise. Market breadth was
positive with gainers beating losers by 439 : 328. Futures closed at 1824 points (3.5points premium)
2) Heavyweights: IOICORP +1.48% RM4.77, TM +1.89% RM5.91,
DIGI +1.17% RM5.19, SKPETRO +1.19% RM4.22, UMW +2.07% RM10.80, AMBANK -1.64%
RM7.05, PBBANK -0.31% RM19.16, FGV -1.99% RM4.43
3) DBT: SCOMIES 10mil @ RM1.00 (5.7% discount), SUMATEC
10mil @ RM0.30, DAYANG 6mil @ RM3.75, TITIJYA 1mil @ RM1.85 (4.7% discount).
4) Situational:-
MEGB +33.33% RM0.54 - Share price continued to trend
upwards after major shareholder of Masterskill Education Group Bhd (MEGB), Siva
Kumar M. Jeyapalan, has entered into a put-and-call option with an individual
from Hong Kong to dispose of his entire stake in the education group for RM1.10
per share, which is a premium of 172% from its closing price of 40.5 sen
yesterday. Under the agreement, the individual, Gary How Soong Khong, has a
call option to purchase the shares, which forms 29.76% of Masterskill, and it
is valid for six months from the date of the agreement that was entered into on
Wednesday.
5) BHIC
its subsidiary, BHIC AeroServices Sdn Bhd (BHICAS) has received
a letter dated 20 March 2014 from the Secretary General to the Ministry of
Defence Malaysia awarding BHICAS an In-Service Support contract for the
maintenance and supply of spare parts for the Royal Malaysian Air Force EC725
Helicopters at a contract value of RM220mil for a period of 3 years from the
date of BHICAS' acceptance of the award. A formal contract between the Ministry
of Defence Malaysia and BHICAS will be signed at a later date.
BHICAS is a joint venture between BHIC Defence
Technologies Sdn Bhd, a wholly-owned subsidiary of the Company and Prestige
Pillar Sdn Bhd and Eurocopter Malaysia Sdn Bhd.
6) Mkt: Expect current trend to continue with KLCI
support around the 1800pts levels. Buying opportunity for Perdana, Armada and
CIMB.