FBMKLCI
1883.96 -1.76pts (-0.09%)
Volume 1.769b Value 1.946b
1) The KLCI traded in negative territory despite the
stronger US market over the weekend ahead of more manufacturing and jobs data
that would be released this week. In the regional market, bourses were stronger
in the earlier session boosted by HSI -1.68% and SHCOMP -0.11% behind the
better HSBC FLASH PMI but later erased earlier gains to close at its day low
weighing down peripheral countries. In the local market, CONSTRUCTION index
+0.92% outperformed the region today boosted by solid gains in GAMUDA +1.76%,
MRCB +4.29% RM1.70, BENALEC +4.42% RM1.18. Market breadth was negative with
losers beating gainers by 430 : 373. Futures closed at 1883pts (parity).
2) Heavyweights : SKPETRO -1.11% RM4.42, PBBANK -0.29%
RM20.18, GENTING -0.78% RM10.08, YTL -1.89% RM1.55, FGV -1.80% RM4.35, AXIATA
+0.72% RM6.95, IOICORP +1.15% RM5.24, ASTRO +2.95% RM3.48.
3) DBT : HAPSENG 126mil @ RM3.50 (5.74% PUC), BIOOSMO
7.25mil @ RM0.12 (1.51% PUC), PELIKAN 1.4mil @ RM1.45, TITIJYA 500k @ RM2.40.
4) Situational:-
PERDANA 0.00% RM1.80 - Perdana Petroleum Bhd has acquired
two 500-men accommodation work barges (AWB) from Nam Cheong Ltd for US$84mil.
Perdana Petroleum will fund the purchase through internally-generated funds and
bank borrowings. The offshore support vessels operator expects the first AWB to
be delivered in the first quarter of 2016 and the second one in the second
quarter of the same year. Perdana Petroleum might also opt to buy two
additional AWBs after the delivery in 2016. Accumulate.
5) SURIA
Its wholly-owned subsidiary, Sabah Ports had signed (MOU)
with Sipitang Oil and Gas Development Corporation. SOGC is a wholly-owned
company of the State Government of Sabah whose purpose is to own, develop,
manage and market the Sipitang Oil and Gas Industrial Park. The objective of
the MOU is to set out the basis for co-operation and collaboration between the
Parties in relation to the Jetty and all matters and affairs in connection
therewith. The Jetty refers to in the MOU is the Jetty and port facilities at
SOGIP. Under the MOU, SOGDC is to appoint Sabah Ports to exclusively manage the
Jetty and all affairs and matters in connection to the Jetty. In turn, Sabah
Ports is to advice SOGDC on all matters, affair and management of the Jetty.
The MOU shall be valid for a period of five years unless
otherwise terminated in accordance with the terms of the MOU. It was agreed
that the MOU outlines the general understanding and the framework for mutual
cooperation between the Parties and is aimed at paling the way to enter into a
formal agreement.
+ve with focus now on its property initiative via
Jesselton Quay waterfront project. Accumulate
6) Market - Buoyed by record setting global indicies, the
KLCI is expected to remain well supported above the 1850pts levels with
moderate volume ahead of the traditionally slower fasting month of July.