FBMKLCI
1740.84 -8.53pts (-0.49%)
Volume 1.245b Value 1.524b
1) The KLCI continue to slide led by the weakening
ringgit after the USD scaled higher following a set of positive US payroll data
released on Friday, the US market closed at record levels for a 7th week of
gains following the positive data. In regional markets, bourses were generally
stronger led by the SHCOMP +2.81% breaching above the 3,000 resistance level
shrugging off the weaker trade data, the HSI +0.19% and ASX +0.70% also rose
today following the stronger overall sentiment in the region. In the local
scene, PLANTATION index -1.25% lost the most ground weighed by heavyweights
IOICORP -2.52%, IJMPLNT -4.85% RM3.33, KLK -0.64% RM21.70. Market breadth was
negative today as losers beat gainers by 258 : 539. Futures closed at 1736.5
(4pts discount).
2) Heavyweights : SIME -0.10% RM9.20, AXIATA -2.06%
RM6.65, PCHEM -4.28% RM5.14, MAXIS -2.81% RM6.55, IOICORP -2.52% RM4.63, TENAGA
+1.91% RM13.86, PETGAS +4.26% RM21.98, PETDAG 17.62+4.881%.
3) DBT : SEG 5mil @ RM1.40, KANGER 3.8mil @ RM0.42, JAKS
2.6mil @ RM0.50
4) Situational:-
SKPETRO +0.39%
RM2.52 - SapuraKencana Petroleum said that its units have won RM1.6b worth of
contracts. SapuraKencana said its fabrication, hook-up and commissioning
division has bagged three contracts worth a combined value of RM710.0m, while
its offshore construction and subsea services unit has been awarded jobs worth
a combined RM520.0m. As for the drilling division, they have received two
contracts (one contract award and one contract extension) for the provision of
offshore drilling rigs and services with a combined value of about RM350.0m.
5) BAuto
1H 10/2014 Tover
+43% RM1016m Net +111% RM113.6m EPS 14sen
6.5% above
cons(f) RM213.2m
The sales volume growth in Malaysia was mainly driven by
CX-5 (CKD and CBU) models, one of the top seller in the C-SUV (sports utility
vehicle) segment, as well as other SKYACTIV models like Mazda3 and Biante.
In the Philippines, Mazda2 and Mazda3 models continue to
perform well and contributed significantly to its sales volume growth.
Group revenue growth in the 2Q slightly affected because
of the contract assembler's paint shop shutdown in October 2014 due to
upgrading works.
quarter.
Improved gross profit margin was mainly attributable to
favourable sales mix and a weaker Japanese Yen against Ringgit Malaysia.
A more challenging 2H is expected with the implementation
of GST in April 2015 but the group can look forward to the impending launch of
the all new Mazda2 SKYACTIV and locally assembled Mazda3 SKYACTIV models in
Malaysia.
+ve On track to deliver valuation multiples of 12x PE
currently with
+exciting prospects from its acquisition of 20% Inokom
Corp for future
+growth into the region. Hold
6) Market - The KLSE will continue to underperform given
its domestic economic problems arising from its dependency on oil prices and
upcoming introduction of GST in April 2015.