FBMKLCI
1871.83 +0.47pts (+0.03%)
Volume 2.329b Value 2.060b
1) The KLCI closed flat today despite the stronger US
market lifted from stronger housing data, upbeat corporate data as well as the
easing geopolitical concerns. In the regional scene, bourses were also stronger
after major bourses such as HSI +0.80%, SHCOMP +0.14%, HSCEI +2.03 closed
higher; oil and gold ended lower while the US futures continue to climb. In the
local scene, Property index +0.90% gained the most grounds amongst the sector
boosted by names like GUOCO +15.44%, SHL +13.33%, SPSETIA +0.85%, TROP +3.65%.
Market breadth was positive today as gainers beat losers by 468 : 393. Futures
closed at 1868.5 (3pts discount).
2) Heavyweights : FGV +2.49% RM4.11, MISC +1.68% RM6.63,
CIMB +0.43% RM6.92, TENAGA +0.32% RM12.42, ASTRO -2.66% RM3.29, PPB -1.52%
RM14.18, PBBANK -0.2% RM19.98, SKPETRO -0.67% RM4.40.
3) DBT : E&O 110.6mil @ RM2.9012 (9.73% PUC @ 1.7%
discount), TEOSENG 30mil @ RM0.95 (15.00% PUC @ 25.8% discount), RPB 28.257mil
@ RM0.40 (3.29% PUC).
4) Situational:-
SASBADI +25.21% RM1.49 - Publishing company Sasbadi
Holdings Bhd made a strong debut on the Main Market of Bursa Malaysia
Securities today opening at RM1.75 which was a large premium of 56 sen above its offer price of RM1.19. The
stock touched a high of RM1.89 before erasing its gains to close at RM1.49 as
investors take profit on the back of its hefty valuation. The counter saw 49mil
shares traded today and a VWAP of 1.6877.
5) SPRITZER
FYE 5/2014 Tover
+18.2% RM238.7m Net +11.8%
RM21.6m EPS16.3sen
+12 % (f) RM19.2m
Higher turnover
mainly driven by increased demand for bottled water during the recent dry spell
in Selangor, Negri Sembilan and Perak which led to rationing from Feb to late
April in 2014. Margins also expanded on better average selling prices and lower
packaging material cost.
Price YTD is up 31% taking it close to fair value at
14.5x current year. Hold as expect further dry spells in the year could see
interest continue in this counter.
6) Market - with no immediate positive catalyst coupled
with heighten geopolitical risk and pending further rate hikes, the market is
expected to consolidate with volatility to the downside.
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