FBMKLCI
1853.34 -1.81pts (-0.10%)
Volume 1.862b Value 1.895b
1) The KLCI broke
its 7 day winning streak despite the stronger US market which rose to record
highs last Friday. In the regional market, bourses were mixed as the
SHCOMP+0.41% bucked the trend on expected SOE (state-owned enterprise) reforms,
while HSI -0.34%, KOSPI -0.58%, ASX -0.38% closed below shrugging off the China's HSBC flash PMI that
came inline with consensus. In the local market, trades was choppy today as the
CONSTRUCTION +0.78% index bucked the trend with strong gains from IJM +1.44%,
GAMUDA +0.97% while the TECHNOLOGY -0.59% index lost the most grounds weighed
by INARI -2.33%, UNISEM -2.36%, CENSOF -5.69%. Market breadth was neutral today
as losers inched gainers by 449 : 422.
Futures closed at 1855 (2 pts premium).
2) Heavyweights : PETGAS -2.40% RM21.94, CIMB -1.23%
RM6.41, FGV -3.00% RM3.55, PBBANK -0.32% RM18.48, TENAGA +1.04% RM13.50, MAXIS
+1.03% RM6.81, TM +1.11% RM7.28, AXIATA +0.42% RM7.08.
3) DBT : NIHSIN 11.83mil @ RM0.36 (5% PUC @ 26.5%
discount), CNI 5mil @ RM0.05 (53% discount), BIMB 3.5mil @ RM4.27.
4) Situational:-
MUHIBBAH +1.03%
RM2.93 - Muhibbah announced last week
that it has secured contracts from Jasa Merin Sdn Bhd, a 70% owned subsidiary
of Silk Holdings for two units of Anchor Handling Tug Supply Vessels (AHTSV)
with a value of approximately RM219m. The vessels are scheduled to be delivered
by end of 2Q15.
5) PRES BHD
Prestariang Berhad entered into a MOU with MIE Corporate
Holdings Sdn Bhd to undertake a preliminary study to review the feasibility of
proceeding with the setting up of a joint-venture company for the supply of
manpower (both local and foreign) to the Oil & Gas Industry, including the
Rapid Project.
MIEI is a local consortium partner together with
CTCI-Chiyoda JV from Taiwan and Synerlitz (Malaysia) Sdn Bhd, and is a
successful tenderer of a particular Package under the Refinery and
Petrochemicals Integrated Development ("RAPID") project. MIEI is
involved in the Oil & Gas Downstream EPCC business as well as in the
Oleochemical and Chemical industries has, among others, the ability and capacity
to (i) absorb trained (skilled and up-skilled) Malaysian manpower and (ii)
source for foreign skilled manpower, for its Oil & Gas and related
industries' projects.
Upon the successful execution of this MOU, both
Prestariang and MIE intend to co-operate with each other and combine their
expertise, efforts and resources through the formation of a JVC with a view to
jointly undertake the setting-up, operation and management of a business entity
to source, acquire, train and supply skilled and semi-skilled workers (both
Malaysian and foreign) particular in relation to the RAPID project in
Pengerang, Johor, and to related industries in general.
Accordingly, Prestariang shall hold an equity of 51
percent (51%) whilst MIEC shall take up 49 percent (49%) of the issued and
paid-up capital of the JVC to be set up specifically for the aforementioned
business venture.
Neutral as this new venture has yet to prove its business
model while PresBhd continues to search for a partner for its University.
6) Market - CI could continue its consolidation phase
after recovering all of its losses from the recent sell down and also with the
uncertainty over Anwar's verdict tomorrow.