FBMKLCI
1810.68 +14.46pts (+0.81%)
Volume 1.592b Value 2.010b
1) The KLCI rallied above the 1800 resistance with ease
today shrugging off the weaker US market overnight as selected stocks boosted
the local index, namely TENAGA +2.38%, GENTING +3.75%, MAXIS +1.81%, MAYBANK
+0.72%. In the regional market, major bourses trailed even after China's HSBC
flash PMI beat expectation marginally as SHCOMP -1.04%, HSI-0.30%, NIKKEI
-0.37% fell into the red; while the STI +1.05% & JCI +0.58% bucked the trend.
In the local market, TECHNOLOGY +4.18% stocks regained the spotlight
outperforming the broad market as INARI +9.59%, UNISEM +6.66%, MPI +4.16%,
GHLSYS +6.03% led the sector index higher. Market breadth was largely positive
today as gainers beat losers by 670 : 185. Futures closed at 1809.5 (1pt
discount).
2) Heavyweights : TENAGA +2.38% RM12.86, GENTING +3.75%
RM9.40, MAXIS +1.81% RM6.74, MAYBANK +0.72% RM9.76, GENM +1.95% RM4.18, PBBANK
+0.32% RM18.62, MISC +1.78% RM6.86, FGV +2.94% RM3.15.
3) DBT : CONNECT 30mil @ RM0.195 (15.89% PUC @ 14.7%
premium), DSONIC 10mil @ RM1.50, NICORP 9.047mil @ RM0.125, ARMADA 6.4mil @
RM1.48 (10% discount)
4) Situational:-
CIMB-0.15% RM6.40/RHBCAP -1.17% RM8.42/MBSB -1.53% RM2.56 - Bursa Malaysia Securities has
barred the Employees Provident Fund (EPF) from voting in the three-way merger
of CIMB Group Bhd, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB).
The rejection related to the EPF’s rights to vote as a shareholder in the
resolution to approve the proposed acquisition and disposal of RHB Islamic at
an EGM to be convened. The EPF owns about 14.5% of CIMB, 41.0% of RHB Capital
and 65.0% of MBSB.
5) HUAYANG:
6 Months Tover
+51.8% RM276m Net +102.5%
RM49.9m EPS 18.91sen
In line with consensus FY3/15 Net RM101.5m
For 2Q15,the company achieved profit after tax of
RM25.98million, representing an increase of RM13.65million (111%) as compared
to the preceding year's corresponding quarter. Revenue of RM139.49million was
38% higher than the preceding year corresponding quarter. The higher revenue
and profit after tax were contributed by steady construction progress from all
on-going projects throughout Malaysia. Total unbilled sales at the end of the
quarter under review stood at RM717.86 million.
With unbilled sales of RM718m, substantial exposure to the more resilient
low to medium cost property sector & trading at prospective PER of 6.1x, we
continue our O/P call on Huayang.
6) Market: Bursa will continue to take leads from the
European, US & crude oil markets for its direction. Barring unexpected
events, Bursa is likely to continue its bounce from the recently oversold
position.