FBMKLCI
1850.39 +1.07pts (+0.06%)
Volume 3.012b Value 2.212b
1) The KLCI saw choppy trading thruout the session today
but closed in the green inline with the better US market overnight which
rebounded as on-going tension in Ukraine and Middle East subsided. In the
regional market, bourses were generally better as the NIKKEI+ 0.20%, HSI +0.18%
and ASX +1.34% gained following optimism from the West while the SHCOMP -0.14%
declined just before the release of more economic data tomorrow. In the local
market, INDUSTRIAL index +0.47% gained the most grounds today boosted by PETGAS
+1.78%, LAFMSIA +2.94%, CMSB +2.00%. Market breadth however, was negative with
losers beating gainers by 381 : 452. Futures closed at 1847.5 (3 pts discount).
2) Heavyweights : PETGAS +1.78% RM21.70, CIMB +0.58%
RM6.92, IHH +0.63% RM4.76, HLBANK +0.86% RM14.00, GENTING +0.30% RM9.95, PCHEM
-0.90% RM6.60, MISC -1.64% RM6.59, DIGI -0.70% RM5.66.
3) DBT : SNTORIA 18.354mil @ RM1.1054 (4.171% PUC @ 14.4%
discount), DESTINI 11mil @ RM0.65 (1.38% PUC @ 5.2% discount), SUMATEC 10mil @
RM0.51, CHINWEL 5.5mil @ RM1.38 (2.01% PUC @ 4.2% discount).
4) Situational:-
BJCORP +1.03% RM0.49 - Berjaya Corp Bhd is selling 15
parcels of freehold palm oil plantation land measuring 10,726 acres in Ulu
Selangor to Tagar Properties Sdn Bhd for RM743.0m. The proposed transaction
values the land at RM70,000 per acre. The company will set aside RM350.0m to
repay borrowings, while the balance RM393.0m will be reserved for working
capital.
CBIP +3.93% RM5.01 - CB Industrial Product (CBIP) has
proposed a 1-for-1 bonus issue and 1-for-3 bonus issue of Warrants. Tenure for the Warrants are 5 years.
Indicative Exercise Price for the Warrants are RM2.82 which represents 20%
premium to the theoretical ex-bonus price of the shares at RM2.35.
5)Tomei : Further to the announcement made on 11 August
2014, the group added that it shall hold the non-exclusive right from Royal
Canadian Mint to advertise, market, promote and distribute Bullion Products in
Malaysia, until terminated by either party. Tomei Holdings may retain
sub-distributors for the purpose. Bullion Products include gold, silver,
platinum & palladium Maple Leaf coins & gold, silver and/or platinum
bullion bars and/or other bullion products made available by the Royal Canadian
Mint from time to time. The Distribution Agreement is expected to contribute
positively to TCB's profitability for the financial year ending 31 December
2014 ; Neutral
6) Amid optimism that geopolitical are receding, the
market is expected to continue it's consolidation stage. We would subscribe to
buying on weakness for the week, with strong buying support at the 1,835 level.