FBMKLCI
1870.99pts -3.82% (-0.20%)
Volume 3.314b Value 2.260b
1) The KLCI rose
in the earlier session after the stronger US market gained overnight before
profit taking in selected core blues saw index close near its day low. In the
regional market, SHCOMP +0.46% and HSI
+0.47% continued to lead the region as index scaled to record levels. In the
local index, the PLANTATION -1.23% index continue to slip as CPO prices trailed
another 1.5% today, the index was weighed down by KLK -2.67%, IOICORP -1.65%,
FGV -1.01%. Market breadth was negative today as losers beat gainers by 456 :
380. Futures closed at 1866pts (4 pts discount).
2) Heavyweights : KLK-2.67% RM22.54, IOICORP -1.65%
RM4.75, AMBANK +0.55% RM7.21, PCHEM -0.15% RM6.54 (ex), RHBCAP -3.06% RM9.16,
IHH -1.39% RM4.95, SKPETRO +1.90% RM4.27, CIMB +0.56% RM7.16.
3) DBT : XINGHE 5.5mil @ RM0.2318, YHNPROP 4.4mil @
RM2.07, YINSON 4mil @ RM2.93.
4) Situational:-
TALAMT 0.00% RM0.13/KEURO +1.73% RM1.17 - Kumpulan
Europlus Bhd (KEB) has yesterday entered into a memorandum of understanding
(MoU) with Tan Sri Chan Ah Chye @ Chan Chong Yoon whereby the latter plans to
purchase 840m ordinary shares in Talam Transform Bhd from KEB. KEB is the
registered holder and beneficial owner at a purchase consideration of 11 sen a
share. The MoU shall be valid for four weeks from the date of the MoU or the
execution of a sale and purchase agreement of the sale shares.
5) Dayang
1H2014 Tover+100%
RM399m Net-4.6% RM89.4m Eps
10.83sen Div 3.5sen
42% of consensus FY net profit of RM210.14m
The higher revenue in the current period to date as
compared to the corresponding period to date is mainly due to higher revenue
from the new hook-up and commissioning contracts.
The profit before tax rose 42% from RM69.9 million to
RM99.0 million after excluding reclassification of fair value reserve of an
associate for last financial year. PBT grew at a slower pace as margin fell
from 35% to 24.8% for work orders performed as compared to the corresponding
period.
Contributions from associate, Perdana Petroleum, rose
140% contributing approximately 10.3% to groups PBT.
QoQ, revenue gained 25% to RM221.7 million for the
current quarter as compared to RM177.4 million for the preceding quarter is
mainly due to higher work orders received and performed in the current quarter.
PBT gained 51% mainly due to higher margins for work completed.
Accumulate as group is backed by orderbook of RM4.5bn that
is expected to last till at least 2018. Tenderbook stands at RM400mil
6) Market: Lacklustre reporting season so far has cap
KLCI in a range bound trading pattern. Expect global equity to take que from
Janet Yellen & Mario Draghi comments at the Jackson Hole annual symposium.
