FBMKLCI
1889.97 +0.42pts (0.02%)
Volume 1.420b
Value 1.956b
1)The KLCI closed flat overnight after trading in the
negative territory thruout the session; this was inline with the stronger US
market that rebounded from a 3 day losing streak shrugging off the sharpest
economic contraction in 4 years. In the regional market, bourses rebounded
today led by the HSCEI +1.54% after all but one stock in the index posted gains
today, HSI +1.45%, SHCOMP +0.65%, STI +0.52%, NIKKEI +0.27% also posted gains
just before the release of CHINA industrial profits data tomorrow &
manufacturing data on Monday. In the local market, INDUSTRIAL index +0.39% was
amongst the biggest gainers today boosted by PPB +1.89%, MAS +5.12%, MISC
+0.46%. Market breadth was negative with losers beating gainers by 414 : 387.
Futures closed at 1892.5 (3 pts premium).
2) Heavyweights : PBBANK -0.59% RM19.90, FGV +0.23%
RM4.25, IHH -0.685% RM4.35 , DIGI +0.35%
RM5.73, GENTING +1.10% RM10.10, SKPETRO +1.14% RM4.41, PPB +1.89% RM15.08,
PETDAG +1.82% RM24.60.
3) DBT : JAG 15 mil2 RM0.38 (2.308% PUC), PNEPCB 5mil @
RM1.10 (7.605% PUC @ RM15.7% premium).
4) Situational:-
BPLANT +1.87% RM1.63 - Boustead Plantations Bhd opened
six sen above its offer price of RM1.60 when it made its debut on the Main
Market today. The new IPO saw 89mil traded in the market but could only record
a 1.87% today. The company owns, co-owns and leases a total of 83,635.9ha in
Peninsular Malaysia, Sabah and Sarawak with an annual fresh fruit bunches
production of one million tonnes.
5) Pengerang/ Dialog
During the opening ceremony of Pengerang Independent
Terminal S/B (PITSB), the PM was quoted to have said that PITSB may invest
another RM16b in the next 15 years to further develop the area for future
demand. It is projected that the expansion of the independent terminals would
increase the current capacity of 1.3m cu metres to 10m cu metres in the next 10
years. The PM said that the management is conducting a feasibility study to add
an LNG terminal in Pengerang and the Federal Government is prepared to render
the necessary support for building a new LNG trading terminal. Dialog has
clarified that the planned LNG terminal is not for LNG regasification but is
for traders to store LNG cargoes and resell them on the international market
when prices are attractive.
+ve for Dialog who has a 46% stake in PITSB (Holland’s
Royal Vopak 44% & Johor State Govt 10%) as it will further boost the DCF
value of this 60 years concession with its additional recurring income and also
provide opportunities for EPCC contracts as seen from the terminal Phase 1a
EPCC jobs contribution to Dialog’s recent results.
6) Market: Ahead of the half-year closing on Monday,
market is expected to grind higher.
