FBMKLCI
1873.87 -4.51pts (-0.24%)
Volume 1.180b Value 1.456b
1) The KLCI fell for a 2nd consecutive day after the US
market closed lower while NASDAQ broke its 5 days winning streak. In the
regional market, bourses were lower inline with global sentiments as
SHCOMP-0.16% And HSI -0.35% fell just before the release of China economic data
later this week. In the local market, Industrial Index -0.50% lost the most
grounds amongst the index today weighed down by PETGAS -1.22%, PCHEM - 0.29%,
LAFMSIA -0.73%. Market breadth was negative thruout the day with losers beating
gainers by 400 : 313. Futures closed at 1880 (6 pts premium).
2) Heavyweights : TENAGA -1.01% RM11.66, PETGAS -1.22%
RM24.20, AMBANK -1.53% 7.08, CIMB -0.41% RM7.18, TM -1.11% RM6.19, ASTRO -1.63%
RM3.60, MAYBANK -0.20% RM9.84, PBBANK -0.20% RM9.84.
3) DBT : HUBLINE 36.598mil @ RM0.05 (1.12% PUC), XINGHE
28mil @ RM0.2269 (14.4% discount), SYF 27.5mil @ RM1.05 (10% PUC, 5% discount).
4) Situational:-
SCOMIES -3.85 RM 1.00 - Scomi Energy Services Bhd,
together with partners Octanex Pte Ltd and Vestigo Petroleum Sdn Bhd have
secured a small field risk service contract from Petronas to develop Ophir
oilfield, located offshore Peninsular Malaysia. The company said that the first
hydrocarbon from the Ophir field is expected to be within 18 months. Under the
terms of the seven-year SFRSC deal, Petronas is the project owner while Ophir
Production Sdn Bhd (OPSB) is the contractor. Scomi Energy has a 30.0% stake in
the OPSB through Scomi D&P Sdn Bhd, with Australian-based Octanex taking
the lead with 50.0% and Vestigo holding the rest.
5) Plantation & CPO Prices
Malaysia has pushed back the rollout of mandatory 5%
biodiesel blending with diesel in East Malaysia to September -- effectively
deferring the country's full switch to B5 mandate by two months, biodiesel
producers told a provider of global information on all energy-related markets.
The government had originally targeted to implemented its
B5 mandate on a nationwide basis across Peninsula Malaysia and the East
Malaysian states of Sabah and Sarawak from July 1 this year.
But logistics and pricing issues have caused a delay to
the rollout of the B5 mandate in East Malaysia. Logistics such a port bulking
facilities and tanks & terminals are said to be still being set up. Due to
the poorer road conditions in Sabah & Sarawak which required longer
transportation time, the Eastern Malaysian producers are negotiating for close
to RM100/mt on top of the current government price.
Peninsula Malaysian biodiesel producers sell palm methyl
ester to the government at a premium of MR515/mt to the FOB refined, bleached
and deodorized palm oil prices.
Malaysia first launched its B5 mandate in Putrajaya,
Kuala Lumpur, Selangor, Melaka and Negeri Sembilan in 2011; in Johor last July;
and the northern Peninsula states in December last year -- fully rolling out
the B5 mandate in Peninsula Malaysia.
This delay in implementation is a negative for CPO prices
& plantation stocks.
6) Market: likely to continue its lacklustre sideways
trade ahead of the World Cup weekend.