FBMKLCI
1892.50 +7.59pts (+0.40%)
Volume 1.801b Value 2.162b
1) The KLCI rose to an all-time high of 1894.72 before
closing just below after selected heavyweights such as MAYBANK,TENAGA propelled
the index towards the record level today. In the regional market, bourses were
subdued as the US market closed for the long weekend; SHCOMP +0.03%, HSI
-0.02%, NIKKEI -0.37%, ASX -0.11% closed flat just before the release of
important China data later this week. Locally, TECHNOLOGY sector was the
biggest gainers amongst the index putting up 2.11% today boosted by MPI +11.73%,
UNISEM +5.19%, JCY +2.81%, GTRONIC +0.69% after several upgrades by analysts.
Market breadth was positive with gainers outpacing losers by 491 : 357. Futures
closed at 1894.5 (2points premium).
2) Heavyweights : CIMB +1.25% RM7.26, IHH +1.78% RM4.57,
MAYBANK +0.71% RM9.90, PETGAS +0.90% RM24.60, RHBCAP +1.75% RM8.70, MISC +1.21%
RM6.65, PBBANK +0.40% RM19.98, MAXIS +0.44% RM6.72, AXIATA -0.43% RM6.89.
3) DBT : PUC 51mil @ RM0.115 (6.03% PUC @ 46% discount),
MAGNA 15.07mil @ RM1.06 (4.52% PUC @ 9.5% discount), SIGN 2.644mil @ RM1.60
(2.203% PUC @ 11.2% discount)
4) Situational:-
GAMUDA +2.52% RM4.88 - Share price rose after the group
was reportedly the favourite to land the job as the Project Development Partner
(PDP) to oversee the implementation of key components of an integrated
transportation plan on Penang island. The state that is expected to issue a
request for proposal (RFP) exercise next month have made it clear that only
companies with a minimum RM3.0b annual turnover and a track record of 15 years
can participate. Two key components of the RFP would be to build a 17.5
kilometre light rail transit (LRT) project
that connects the Komtar building to the airport and a link cutting
across the island from Bayan Lepas to Tanjong Bungah.
5) SCABLE : announced that its wholly-owned subsidiary,
Trenergy Infrastructure Sdn Bhd had on 7 July 2014 received a Letter of
Acceptance from Tenaga Nasional Berhad on its Tender for the "Proposed
132kV Single Circuit Loop In/Out PMU 132/33kV Enstek from KLIA-Salak Tinggi
Transmission Line Projec for a contract sum of RM14.7m. The Project shall
commence immediately, i.e. 7 July 2014 and shall be completed within 448 days;
+ve, project is expected to contribute positively to earnings for FY
12/14&15. A recent report suggested the group may issue up to 10% of new
shares to fund the acquisitions of Universal Cable (M) Sdn Bhd (UCMB) and
Leader Cable Industry Bhd (LCIB). The acquisitions would make group the single
largest integrated transmission cable player in Malaysia and one of region's
biggest producers of 500kV cables. It will allow SCable to tap the Peninsular
Malaysia market where existing lines would have to be upgraded to prevent
transmission loss. Tenaga Nasional Bhd (TNB) is expected to spend RM1bil-RM2bil
annually to upgrade the existing lines. Its current order book stands at
RM756mil. Long term prospect remain in tact.
6) Market : The local market which held well last week,
is expected to remain range bound. Technical charts suggest the long-term
upward trend remains, with shorter term trend still within a range of 1,870 to
1,890. The foreign fund flow was fluctuating between net inflow and outflow
last week.