FBMKLCI
1732.99pts - 11.58pts (-0.66%) Volume
1.451b Value 1.784b
1) The KLCI continue to face selling pressure after oil
prices slide below the $60 level overnight, the U.S market rose decisively in
the earlier session on robust consumer spending but retraced to close just
marginally above the overnight level. In the regional scene, SHCOMP +0.42%
gained after slowing growth in the industrial production numbers boosted
speculation of more policy easing in the near term, NIKKEI +0.21% and STI
+0.45% gained inline with optimism of the region. In the local scene,
PROPERTY-1.46% names took a beating as the sector index was weighed down by
E&O -7.45%, UEMS -2.63%, SPB -6.25%, MRCB -4.00%, MATRIX -7.19%. Market
breadth was negative today as loser tower over gainers. Futures closed at 1725
(8pts discount).
2) Heavyweights : SKPETRO -7.17% RM2.20, SIME -2.12%
RM9.20, ASTRO -7.80% RM3.07, MISC -3.45% RM6.89, PETGAS -1.91% RM21.50, FGV
-5.45% RM2.60, MAXIS -1.50% RM6.55, CIMB +1.27% RM5.59
3) DBT : IGBREIT 10mil @ RM1.28, ARK 5.056mil @ RM0.516,
ZECON 3mil @ RM0.90 (2.51% PUC)
4) Situational:-
ARMADA -0.97% RM1.02 - PT Armada Gema Nusantara, a
consortium led by a Bumi Armada subsidiary, has signed a contract worth RM4.0b
to supply a Jakarta based oil-and-gas company with one floating, production,
storage and offloading (FPSO) vessel. The signing follows several announcements
made by Bumi Armada beginning in Aug 19, 2014 on the Letter of Intent issued by
Husky-CNOOC Madura Ltd (HCML) for the award of the contract to PT AGN. PT AGN
is an Indonesian joint venture comprising Bumi Armada Offshore Holdings Ltd and
PT Armada Gema Marine Services. According to Bumi Armada, the contract is for a
period of 10 years, with options for five annual extensions.
5) KOSSAN
Ideal Quality Sdn. Bhd, a wholly-owned subsidiary of the
Company, has on even date entered into a
Sale and Purchase Agreement with
Himpun Menang Sdn. Bhd (Vendor) for the acquisition of a piece of vacant freehold industrial land measuring in area approximately 5.3292
hectares held under Geran 52935 Lot 6103, Mukim Kapar, Daerah Klang, Selangor
for a total cash consideration of Ringgit Malaysia 39,007,631.00.
The acquisition is in line with the Group’s strategy to
replenish its land bank to generate long term sustainable income and viability.
The Proposed Acquisition will be funded through internally generated funds
and/or bank borrowings.
Barring any unforeseen circumstances, the Proposed
Acquisition of the Property is expected
to be completed by the 1st quarter of financial
year 2015. +ve
6) Market: Market sentiment remain weak as commodity
prices continue to trend lower. However indices expected to see support from
year end window dressing activities.
