FBMKLCI
1858.04 +7.65pts (+0.41%)
Volume 3.605b Value 2.677b
1) The KLCI remained in positive territory for the 3rd
consecutive day as the index closed at its day high on strong gains amongst
selected bluechips namely PETGAS, TENAGA, PPB despite the weaker US market
overnight. In the regional market, bourses were higher as the NIKKEI +0.35%
rose after GDP data beat estimates, HSI +0.81% closed higher shrugging off the
earlier released China's industrial production data which missed consensus
marginally; the SHCOMP +0.06% however closed flat. In the local market, INDUSTRIAL+1.27% index gained the most
grounds today led by PETGAS +2.58%, PPB +3.67%, MISC +2.12%, SIME +0.21%.
Market breadth was positive as gainers beat losers today by 544 : 313. Futures
closed at 1860 (2points premium)
2) Heavyweights : PETGAS +2.58% RM22.26, TENAGA +1.15%
RM12.22, PPB +3.67% RM15.24, GENM +1.62% RM4.37, MISC +2.12% RM6.73, FGV +2.26%
RM4.06, SKPETRO -1.17% RM4.19, DIGI -0.70% RM5.62.
3) DBT : APFT 5.7mil @ RM0.15 (1.80% PUC), FPI 5mil @
RM0.97 (2.02% PUC @ 7.7% discount), TATGIAP 5mil @ RM0.30 (4.09% PUC @ 17.6%
premium), YINSON 5mil @ RM2.93, SNTORIA 1.546mil @ RM1.12 (15.2% discount).
4) Situational:-
MUHIBBAH +1.92% RM3.17 - Muibbah Engineering Bhd has
bagged a RM30.0m contract from Petroliam National Bhd unit Vestigo Petroleum
Sdn Bhd. Muhibbah said the contract is for the provision of fabrication,
loadout and sea-fastening of jackets, piles and appurtenances for a central
processing platform to be installed on Vestigo's Tembikai oilfield offshore
Peninsular Malaysia. Construction works for the contract will commence
immediately and are expected to be completed in the first quarter of 2015.
5) AMWAY
1H June 2014
Tover +2% RM406.8m Net +10%
RM51.6m EPS 31.4c
8% below
cons(f) RM112.7m
The Group's sales revenue for the six months ended 30
June 2014 showed a 1.9% growth driven by the sales and marketing programs.
The Group's profit before tax increased by 9.9% for the
quarter ended 30 June 2014 and 10.1% for the six months ended 30 June 2014 as
compared to the corresponding periods in the preceding year mainly due to lower
expenses incurred in the periods under review.
Declared an interim div of 10 sen bringing 1H payout to
20sen.amway
Backed by strong household brand names and established
market presence we expect the company to continue satisfactory numbers which
still currently yield a decent 5% and trades at a PE of 18x.
6) Market - Unchanged pattern of trading with the KLCI
largely range bound and focus remaining on mid caps particularly the property
sector.