FBMKLCI
1887.07 +3.73pts (+0.20%)
Volume 2.324b Value 2.388b
1) The KLCI outperformed the regionals today rising to
record territory once again as index hit a high of 1889.47 (+6.13pts) led by
blue chips after BNM reported stronger GDP for 1Q on Friday. In the regional
market, bourses were jittery as SHCOMP -1.05% led Asian region lower after home
price data released over the weekend disappointed investors; HSI -0.04% closed
flat after recording strong gains last week while the ASX -1.28% closed
substantially lower weighed by mining heavyweights. In the local market,
outperformance is seen in the water sector led by KPS+6%, PUNCAK+3%, and
JAKS+2% after Puncak accepted letter offer from Selangor Govt. Market breadth
was positive with gainers beating losers to 413: 382. Futures closed at 1879.5
(7.5pts)
2) Heavyweights : TENAGA + 1.57% RM12.20, SIME +1.12%
RM9.72, TM +0.98% RM6.58, CIMB +0.94% RM7.37, IHH +0.49% RM4.15, MAYBANK +0.46%
RM9.98, DIGI -0.93% RM5.42, PETDAG -0.62% RM26.30,
3) DBT : ETITECH
20mil @ RM0.125 (2.83% PUC @ 20% discount), BIOOSMO 10mil @ RM0.16 (2.19% PUC),
APFT 2 mil @ RM0.20 (8% premium).
4) Situational:-
MMC +2.20% RM2.78
- Petronas' subsidiary Pengerang Power Sdn Bhd has awarded the (EPCC) contract
for its Pengerang co-generation plant (PCP) project in Johor to a consortium of
Siemens AG, Siemens Malaysia and MMC Engineering Services Sdn Bhd. The contract
required the consortium to undertake the design, engineering, procurement,
supply, manufacturing, construction, installation, development, testing and
commissioning works and warranty for the project. The plant's first
co-generation unit is expected to be commercially operational by mid-2017
5) AAX
1QFY14
Revenue+40% RM749.5m Net Loss (11.28m) EPS (0.50)
Trails FY14
Consensus RM75.84mil
Yoy Revenue increase as capacity ASK rose 60%. Despite
load factor rising from 84.2% to 85.8% profitability fell as Revenue per ASK
fell from 13.8sen to 12.09sen while Cost per ASK rose from 12.37sen to
12.62sen. Average fares decreased mainly due to promotional fares on our newly
launched routes during financial year ended 31
December 2013 which include Busan, Shanghai and Adelaide.
Total passengers flown rose 66.9% to 1,080m as number of aircraft doubled.
Operating expenses increased by RM307.0 million or 64.1% to RM785.7 million
primarily due to Fuel costs increased 76.9% to RM401.0 million, operating lease
expense increased 58.6% to RM59.9 million and epreciation of property, plant
and equipment increased by 66.4% to RM44.6million. the Company recognised
unrealised foreign exchange gain on borrowings of RM10.1 million, as compared
to unrealised foreign exchange loss of RM9.6million due to strengthening RM.
Headwinds expected to continue in the sector with
competition catching up on the low cost structure.
6) Mkt: KLCI to
remain range bound in an uneventful week ahead in terms of economic numbers
globally.
