FBMKLCI
1884.87 +1.72pts (+0.09%)
Volume 2.223b Value 1.976b
1) The KLCI gained to close just at the 1885 support
level following the stronger US overnight as sentiments shrugged European
concerns to close in positive territory albeit on thin volume. In the regional
market, bourses were generally stronger following sentiments from the west as
HSI +0.49%, SHCOMP +0.96% and NIKKEI +0.88% closed in the green. In the local
market however, trades were mixed negative as the TECHNOLOGY sector fell
another -1.12% today weighed by EFORCE -6.62%, INARI -1.51%, MPI -1.82%, DNEX
-4.68%. Market breadth was negative with losers beating gainers by 453 : 372.
Futures closed at 1889 (4 points premium).
2) Heavyweights : CIMB +0.71% RM7.05, BAT +2.31% RM68.04,
GENM +1.67% RM4.24, SKPETRO +0.90% RM4.44, TM +0.95% RM6.34, IOICORP +0.19%
RM5.03% , PBBANK +0.19%, TENAGA -0.31% RM12.50.
3) DBT : SUNZEN 41.046mil @ RM0.26 (27.474% PUC @ 30%
discount), GLOTEC 41mil @ RM0.046 (16.4% discount), TMCLIFE 39.866mil @ RM0.40
(4.969% PUC), TITIJYA 4mil @ RM2.42 (1.17% PUC @ 7.7% discount).
4) Situational:-
SUMATEC +8.00%
RM0.405 - Sumatec Resources Bhd signed a framework agreement with Abu Talib
Abdul Rahman and Dr Murat Safin for the proposed acquisition of 100% interest
in Borneo Energy Oil and Gas Ltd valued at USD250.0m (RM800.0m). Sumatec said
the framework agreement gave Sumatec access to all data and information
regarding parties and assets under the proposed acquisition for technical,
legal and financial due diligence purposes. Subject to satisfactory results
from due diligence studies, a sale and purchase agreement was expected to be
executed within six months, and would be
satisfied in cash and shares.
5) TSH
The company
entered into a Share Sale Agreement to acquire the entire issued and
paid-up share capital in Icon Field Ventures Sdn. Bhd. ("Icon") for a
total purchase consideration of USD7.65m
from Wingate Consolidation Limited.
Icon is a private limited company, incorporated in
Malaysia on 9 June 2014 with an issued and paid-up share capital of RM2.00
comprising 2 ordinary shares of RM1.00 each. Icon shall enter into a sale and
purchase agreement with PT Tirta Agung Selaras and PT Teguh Aman Sentosa to
purchase 90% of the entire share capital of PT Prima Usaha Sukses.
PT PUS has obtained the Ijin Lokasi for approximately
9,000 hectares of land located at Desa Telok, Petak Puti, Tewang Panjang,
Tumbang Lahang, Tura, Tumbang Tanjung Kecamatan Katingan Tengah and Desa
Geragu, Tumbang Tungku, Tewang Karangan, Dahian Tunggal, Tumbang Lawang,
Tumbang Banjang Kecamatan Pulau Malan Kabupaten Katingan Provinsi Kalimantan
Tengah. In addition, PT PUS has obtained the necessary licence to develop the
Land into oil palm plantation. The Land is located within close proximity to
the Company's existing estate in PT Mitra Jaya Cemerlang
The Proposed Acquisition would enable TSH to further
increase its oil palm plantation areas in Indonesia.
+ve as this will continue to help the company build its
strong production profile as the company begins to reap reward from past
planning.
6) Market - Further consolidation as the market digest
the latest rate hike by BNM and prepares for a further increase in the Sept
meeting.