FBMKLCI
1745.00 2.99pts (-0.17%) Volume
1.934b Value 2.297b
1) The KLCI closed up today despite the weaker performance by the U.S market overnight after U.S retail sales fell below estimates. In the regional market, bourses were mostly higher after the NIKKEI continue to rise following the weaker Yen against the Dollar, SHCOMP +3.54% outpaced the rest of the region after China’s credit growth beats estimates, HSI followed the optimism from the mainland to close +0.99% higher. In the local scene, O&G counters continue to outperform the rest of the sectors today after oil prices rebounded overnight, gainers amongst the sectors were PERDANA +3.63%, BARAKAH +4.63%, DIALOG +4.00%, UMWOG +3.16%. Market breadth was positive today as gainers beat losers by 497 : 283. Futures closed at 1744 (1 pts discount).
1) The KLCI closed up today despite the weaker performance by the U.S market overnight after U.S retail sales fell below estimates. In the regional market, bourses were mostly higher after the NIKKEI continue to rise following the weaker Yen against the Dollar, SHCOMP +3.54% outpaced the rest of the region after China’s credit growth beats estimates, HSI followed the optimism from the mainland to close +0.99% higher. In the local scene, O&G counters continue to outperform the rest of the sectors today after oil prices rebounded overnight, gainers amongst the sectors were PERDANA +3.63%, BARAKAH +4.63%, DIALOG +4.00%, UMWOG +3.16%. Market breadth was positive today as gainers beat losers by 497 : 283. Futures closed at 1744 (1 pts discount).
2)
Heavyweights : MAYBANK +2.50% RM8.60, CIMB +2.78% RM5.91, SIME +0.86% RM9.34,
SKPETRO +2.09% RM2.44, TENAGA -0.82% RM14.38, GENTING -1.75% RM8.39, IOICORP
-1.04% RM4.73, GENM -1.30% RM3.79.
3) DBT: TOMEI 14.008mil @ RM0.50 (10.10% PUC @ 15.3% discount), EDUSPEC 9.2mil @ RM0.23 (1.20% PUC), PELIKAN 7.8mil @ RM1.10.
3) DBT: TOMEI 14.008mil @ RM0.50 (10.10% PUC @ 15.3% discount), EDUSPEC 9.2mil @ RM0.23 (1.20% PUC), PELIKAN 7.8mil @ RM1.10.
4)
Situational:-
SONA -1.198% RM0.415 - Salamander Energy Plc (Salamander) and Sona Petroleum Bhd intend to mutually terminate the sale and purchase agreement (SPA) for the proposed acquisition of a 40.0% participating equity interests in two oil and gas (O&G) concessions in Thailand for USD281.2m. Sona Petroleum announced last year that its wholly-owned subsidiary, Sona Exploration and Production (Thailand) Limited had signed a SPA with Salamander Energy Plc and Salamander Energy (Bualuang Holdings) Limited for the proposed acquisition of shares of Salamander Energy (Bualuang) Limited. Sona Petroleum said notwithstanding the aborted acquisition, given its knowledge of the asset, Sona Petroleum remained interested in acquiring a stake in the Greater Bualuang area.
SONA -1.198% RM0.415 - Salamander Energy Plc (Salamander) and Sona Petroleum Bhd intend to mutually terminate the sale and purchase agreement (SPA) for the proposed acquisition of a 40.0% participating equity interests in two oil and gas (O&G) concessions in Thailand for USD281.2m. Sona Petroleum announced last year that its wholly-owned subsidiary, Sona Exploration and Production (Thailand) Limited had signed a SPA with Salamander Energy Plc and Salamander Energy (Bualuang Holdings) Limited for the proposed acquisition of shares of Salamander Energy (Bualuang) Limited. Sona Petroleum said notwithstanding the aborted acquisition, given its knowledge of the asset, Sona Petroleum remained interested in acquiring a stake in the Greater Bualuang area.
5)
PAVILLION REIT
FYEDec
2014 Tover +7% RM402.1m Net +56% RM510.5m
EPS16.9c Div 7.96sen
In line with Cons(f)
RM238.7m
In
the 4Q a fair value gain of RM278.1 million arising from the valuation of
Pavilion Mall and Tower as at 31 December 2014 was recognised in the current
quarter. The higher annual rev was mainly contributed by rental reversion
after all due tenancies have been renewed from Q3 2013 and the increased in
service charge from May 2014.
Total
property operating expenses was higher by RM6.9 million YOY due to the
incurrence of repairs and preventive maintenance work, cost incurred for
marketing events, maintenance cost to some advertising sites and increased in
assessment charges from 2014. Excluding the fair value gain, income before
taxation for the year ended 31 December 2014 was higher by RM18.2 million or 9%
compared to preceding year ended 31 December 2013.
Price
continues to be well supported by its attractive yield of 5.5%. Hold
6)
Market – Trading interest to rotate in mid caps as the KLCI is expected to be
locked in a tight range btw 1730-1760pts levels.
