FBMKLCI 1832.26
-6.43pts (-0.35%) Volume
1.574b Value 1.814b
1) The KLCI
broke its 3 day winning streak today after the U.S saw heavy profit taking in
late trading with NASDAQ closing in negative territory. In the regional market,
bourses were mixed with NIKKEI +0.92% outperforming the rest of the indices
while SHCOMP -0.08% and HSI -0.19% fell into the red just before the release of
China’s trade and inflation data this weekend. In the local scene, the market
saw tepid trading as volume fell below the average today, nevertheless
TECHNOLOGY index +1.06% was the outstanding gainer today boosted by JCY +2.85%,
GTRONIC +2.71%, CENSOF +7.14% and GPACKET +4.49%. Market breadth was positive
with gainers outpacing losers by 450 : 357. Futures closed at 1833 (1point
premium)
2) Heavyweights:
MAYBANK +0.41% RM9.74, TENAGA -1.15% RM11.98, AXIATA -0.91% RM6.49, GENTING
-0.98% RM10.02, TM -1.69% RM5.80, GENM -1.37% RM4.29, MISC -1.65% RM6.54,
PPB-1.5% RM16.40
3) DBT: EAH
15mil @ RM0.18 (3.52% PUC @ 5.3% discount), HAPSENG 8mil @ RM3.02, SUNWAY
4.028mil @ RM2.86
4) Situational:-
HIBISCS +5.23%
RM2.21 - The second exploration well by Masirah Oil Ltd, an associate of
Hibiscus Petroleum Bhd, has achieved a light oil flow rate of up to 3,000
barrels per day. Masirah Oil said in that the well produced at high and stable
rates during a 48-hour test and was currently suspended. The well, which was
drilled to its final depth into the Cambrian formation, was done with the
objective of proving the presence of movable hydrocarbons and a working
petroleum system within the block. Several zones in the well showed evidence of
hydrocarbon presence.
5) BJFOOD
9M 1/14 Tover+29% RM111.6mil Net+26% RM17.74mil Eps 6.73sen
15% below FY consensus of
RM28mil
The higher
revenue was mainly due to the consolidation of the full 9-month revenue of
Jollibean which was acquired in Dec’12 as well as new KKR restaurants opened in
Indonesia. The increase in pre-tax profit was mainly due to the share of better
results from BStarbucks.
KKR operations
in Malaysia recorded a lower pre-tax profit as compared to the previous year
corresponding quarter results as consumers started to be more cautious and
prudent in their spending following recent reductions in subsidies and
increases in cost of living.
QoQ PBT rose
from RM5.1mil to RM8.78mil as current quarter coincide with year end festive
sales, school holidays and the Christmas season. Trades at FY14 PER of 16.5x.
Hold
6) Mkt: The
latest political issue on a high profile case today could lead to market
uncertainties next week barring any foreign positive catalyst. Index to remain
in the range 1800pts -1835pts levels in the medium term.
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