FBMKLCI
1845.32 -0.99pts (-0.05%)
Volume 2.229b Value 1.638b
1) The KLCI closed below par after a choppy session
following the mixed US market overnight that was weighed below by weaker
economic data. In the regional scene, bourses were lacklustre today as the HSI
and SHCOMP were closed as China shut for its Golden week Holiday, NIKKEI -0.56%
closed just slightly below while the ASX rebounded +0.78% after China PMI data
beat estimates. In the local scene, PROPERTY index -0.94% was noticeably lower
after selected names, IOIPG -2.29%, SUNWAY-2.32%, IJMLAND -1.81%, UEMS -1.09%
declined in the afternoon session. Market breadth was negative thruout the day
as losers beat gainers by 562 : 277. Futures closed at 1847 (2pts premium).
2) Heavyweights : PBBANK -0.63% RM18.78, IHH -1.57%
RM5.00, TENAGA -0.48% RM12.32, UMW -2.28% RM11.98, IOICORP -0.62% RM4.78, CIMB
+1.99% RM7.17, TM +0.75% RM6.65, SIME +0.32% RM9.18.
3) DBT : XINGHE 21.8mil @ RM0.2228, PARKSON 18.414mil @
RM3.00 (1.68% PUC @ 5.2% premium), SCOMI 11.9mil @ RM0.375 (7.5% discount).
4) Situational:-
TM +0.75% RM6.65 - Telekom Malaysia Bhd (TM) said it had
completed the investment in wireless network player Packet One Networks (M) Sdn
Bhd (P1), together with Green Packet Bhd and SK Telekom Co Ltd. It is now the
largest shareholder of P1 with a 55.3% stake, and a substantial shareholder of
Green Packet and SK Telekom with 31.1% and 13.6% stakes respectively. TM said
in a statement that the investment essentially enables P1 to crossover to
long-term evolution (LTE) and offer full mobility, while providing TM with an
LTE-ready platform to accelerate and more efficiently make wireless broadband
products available to its customers.
5) AXIATA
Axiata Group Berhad (Axiata) wishes to announce that XL,
a 66.5%-owned subsidiary of Axiata, following the completion of an open tender
process for XL’s 3,500 telecommunication towers launched in July 2014, had
declared PT Solusi Tunas Pratama Tbk. (“STP”) as the winning bidder at the
completion of the tender process on 30 September 2014.
Following the above, XL and STP had also entered into an
Asset Purchase Agreement (“APA”) with a purchase price of IDR5.6 Trillion
(equivalent to USD460.5 million, RM1,506.4 million) to be paid entirely in cash
by 31 December 2014.
Concurrent with the execution of the APA, the Company and
STP have also entered into a Master Tower Lease Agreement whereby XL has agreed
to leaseback from STP the towers sold for a period of 10 years.+ve as this
would allow XL to pare down its debt levels.
6) Market: Expect range bound trading in a thinly traded
market for the remainder of the week as major markets in north Asia is close
for national holiday.