FBMKLCI
1742.01 -6.89pts (-0.39%) Volume 1.800b Value 2.489b
1) The KLCI slipped into the red after the U.S market
reversed its earlier rally following concerns of Germany resisting ECB’s
intentions to bolster the economy. In the regional market, bourses were mostly
weaker led by NIKKEI -1.71% fell as Yen climbs to 4 weeks high, while SHCOMP
-0.40% and HSI -0.43% also fell amid a plunge in global metal and oil prices,
ASX -0.95% followed closely behind. In the local scene, FINANCIAL -0.99% index
lost the most grounds amongst the sectors weighed by heavyweights MAYBANK
-2.66%, CIMB -2.87%, RHBCAP -1.92%, AMBANK-0.62%. Market breadth was however,
positive as gainers outpaced losers by 450 : 349. Futures closed at 1732 (10pts
discount).
2) Heavyweights : MAYBANK -2.66% RM8.39, CIMB -2.87%
RM5.75, GENTING -2.73% RM8.54, SIME -1.48% RM9.26, GENM -3.03% RM3.84, TENAGA
+1.96% RM14.50, MISC +4.56% RM7.79, BAT+4.13% RM67.50
3) DBT: PELIKAN
10mil @ RM1.10 (1.80% PUC), PMHLDG 4mil @ RM0.37, TEKSENG 2.91mil @ RM0.9125
(1.21% PUC), SOLID 2mil @ RM1.60 (1.33% PUC).
4) Situational:-
BRIGHT +5.35% RM0.59 - Bright Packaging Industry Bhd has
entered into a purchase-sale agreement with Zao Philip Morris Izhora to supply
aluminium foil worth US$15 million. Zao Philip Morris Izhora, a multinational
tobacco manufacturing company in Russia, is an affiliate of Philip Morris
International, a leading tobacco company with seven of the worlds' top 15
brands, including Marlboro, the world's best-selling cigarette brand.
5) TMCLife
The Group plans to expand the facilities at its flagship
hospital, Tropicana Medical Centre at Kota Damansara.
It is currently operating at its premises erected on the
6 acre. The 6 acres of land can be
converted to a maximum gross floor area
of approximately 1.1 million square feet.
To-date, only about 21% of the maximum GFA has been utilized and
occupied by the current Tropicana Medical Centre.
It is now undertaking the renovations to increase its
inpatient bed capacity by another 51
beds which when completed will boost capacity to 190 inpatient
beds.
The first phase of the Proposed Expansion Plan, would
involve the construction of a new block of building on 2.4 acres of the land,
to house another 180 inpatient beds, 128,000 sf of specialist outpatient
clinics, 5 additional operating theatres and 170,000 sf of commercial/retail
space. The commercial/retail space will focus on offering healthcare products
and services that patients will need.
When the First Phase Proposed Expansion is completed,
Tropicana Medical Centre will have 410 inpatient beds (includes additional 40
beds to be installed at existing building after relocation of certain
facilities to the new building), 10 operating theatres and some 140,000 sf of
space dedicated to outpatient services, offering comprehensive tertiary healthcare services,
including one of the largest private IVF centres in South East Asia.
After the completion of the First Phase Proposed
Expansion, there would be subsequent phase to expand on the balance of the
land. It is envisaged that, when the
expansion plans on the whole 6 acres of land are fully completed, the
entire integrated healthcare campus will
host 550 acute hospital beds and another 100 long- stay beds or service
apartments to serve patients families and patients who need some form of care
post-discharge from the acute general hospital.
Specialist outpatient clinics or suites will occupy a total floor area
of 300,000 to 400,000 sf. The entire integrated healthcare campus will serve
not just patients from the Klang Valley,
but also patients from the whole Malaysia and the region.
The Group intends to look at expansion beyond the planned
integrated healthcare campus at Kota Damansara.
The total cost for the First Phase Proposed Expansion is
expected to be in the region of RM250
million to RM300 million, which includes the construction on the new building
and other capital expenditure on equipment and fittings.
The Group intends to finance the First Phase Proposed
Expansion via existing cash and bank
balances and surplus of cash from existing operations. The cash and bank balances stood at RM190.8
million as at 31 December 2014.
The First Phase Proposed Expansion is expected to
commence in the first half of 2016 and
it will take approximately 4 years to complete.
+ve as this is the first major development since Peter
Lim tightened his shareholding in the company to 70% after a VGO.
6) Market – Volatile trading to continue ahead of Jan
20th address by the PM regarding the health of the economy currently.
