FBMKLCI
1788.31 +20.54pts (+1.16%)
Volume 2.296b Value 2.481b
1) The KLCI rebounded today erasing yesterday's losses as
sentiments improved following statements from Fed's James Bullard advising to
extend the QE. Overall markets were generally positive as investors pick up
oversold stocks following recent sharp selldown. In the regional market,
NIKKEI-1.40%, SHCOMP -0.65% retreated whilst the ASX +0.32% and HSI +0.53%
rebounded amid speculation that the city's equity link with SHCOMP will be
delayed. In the local scene, TEHCNOLOGY +8.95% outperformed the market after the
sector saw heavy selling pressure the whole week, biggest gainers were
INARI+20.28%, GTRONICS +10.61% and UNISEM+10.00%. Market breadth was positive
today as gainers overshadowed losers by 884 : 128. Futures closed at 1788.5pts
(parity)
2) Heavyweights : SKPETRO +9.81% RM3.47, CIMB+3.39%
RM6.40, MAYBANK +1.58% RM9.60, AXIATA+1.44% RM7.03, MISC +3.35% RM6.78, DIGI
+1.20% RM5.90, GENTING +1.24% RM8.98, IOICORP -1.91% RM4.61.
3) DBT : IRIS 30mil @ RM0.32 (1.47% PUC), GBH 18.3mil @
RM1.50, RPB 8mil @ RM0.385, YINSON 1mil @ RM2.70 (5.8% premium).
4) Situational:-
YFG +17.64% RM0.10 - YFG Bhd's unit YFG Engineering Sdn
Bhd on Oct 7 accepted its appointment as nominated sub-contractor to MMC-Gamuda
KVMRT (T) Sdn Bhd for a Klang Valley Mass Rapid Transit project worth RM36.7m.
The company said the project involves an underground works package for the
mechanical and electrical works for Package 3 -Stadium Merdeka Station. It
forms part of the main sub-contract for the construction, completion, testing,
commissioning and care of the works.
5) PASUKGB
Pasukhas Group Berhad is pleased to announce that its
wholly-owned subsidiary, Pasukhas Sdn Bhd (“PSB”) had on 13 October 2014
accepted a Letter of Award from Veritas Architects Sdn Bhd for the
Sub-Structure and part of External works at Lot 841 and 842, Jalan Teluk
Bahang, Mukim 2, Teluk Bahang, DBD, Pulau Pinang.
The Contract sum for the Works is RM44.43mil which is
expected to be completed in 12 months being 19 November 2015.
The above contract is expected to contribute positively
to the future earnings of PGB Group for the financial year ending 31 December
2015.
6) Market: Expect recovery to continue in a holiday
shorten week ahead. Buy Armada, Faber, Matrix, Penergy, Dayang, Yinson