FBMKLCI
1881.48 +4.90pts (+0.26%)
Volume 2.040b Value 1.751b
1) The KLCI swung between gains and losses before closing
at its day high as the US climbed to record levels yesterday after Fed Chairman
forecasted a slow rise in interest rates. In the regional market, bourses were
mostly stronger led by the NIKKEI which rose +1.62% today and ASX rose +1.59%;
SHCOMP -1.55% and HSI -0.06% however fell after property stocks in the mainland
weighed the index down over concerns of a property market slowdown. In the
local scene, interest in the market picked up as we saw active trading amongst
penny names such as MAS -6.0%, TALAMT +5.00%, SONA 0.00%, SALCON +4.91%, PDZ
+3.22%, KNM +4.19%. Market breadth was positive with gainers beating losers
today by 469 : 366. Futures closed at 1880 (1.5pts discount).
2) Heavyweights : DIGI +2.67% RM5.75, CIMB +1.10% RM7.30, PBBANK +0.49% RM20.36, SKPETRO
+1.16% RM4.33, GENTING +0.79% RM11.18, IOICORP +0.78% RM5.15, TENAGA -0.50%
RM11.82, PETGAS -0.65% RM24.14.
3) DBT : DSONIC 25.768mil @ RM1.95 (1.90% PUC), CIMB 147mil
@ RM7.35, HUBLINE 19.5mil @ RM0.055, TITIJYA 250k @ RM2.30 (3% discount).
4) Situational:-
DNEX -6.06% RM0.31 - Dagang Nexchange Bhd (DNeX), has
proposed to acquire the entire stake in OGPC Group for RM203 million, a move to
go into the oil and gas industry. OGPC Group is the provider of equipment and
services for oil and gas, petrochemical and power industries. The acquisition
sum will be satisfied via RM100 million cash, while the remaining RM103 million
to be satisfied via the issuance of 396.15 million DNeX shares at 26 sen per
share together with 198.08 million free warrants.
5) SCIENTX
9MFY14 Tover+37% RM1,175m Net+24.5% RM99.6m Eps 45.04sen Div 8sen
68.2% of consensus FY estimate RM146mil
YTD, Manufacturing division revenue rose 39.5% while
profits from operation rose 37.7% to RM50mil. The increase in revenue and
profits is mainly due to better sales performance from the industrial packaging
products. Property revenue rose 29.5% to RM280.2mil while profits from
operations rose 24.8% to RM 84mil. This is mainly due to maiden contribution
from Taman Scientex Senai and sales from Taman Scientex Pasir Gudang, Taman
Scientx Kulai and Taman Mutiara Mas remains encouraging.
QoQ, PBT rose 8.3% to RM48.1mil mainly due to higher contribution
from property division.
Trades at 7.3xFY15 PER and dividend of 4.25%. Buy
6) Mkt: Trading
expected to remain cautious with support maintained at 1850-1860pts. Expect
pickup in trading tomorrow with FTSE semi-annual rebalancing.