FBMKLCI
1782.18pts -13.70pts
(-0.76%) Volume 1.886b Value 2.229b
1) The KLCI traded
in negative territory to close 13pts lower following the weaker U.S market
overnight which pulled back after the Fed's stance to remain patient and watch
the data before deciding to raise interest rates. In the regional market,
bourses were inline with global sentiments as the NIKKEI -1.06%, HSI -1.07%,
SHCOMP -1.31% fell after oil prices continue to fall to 6 year lows following
higher inventory in US supplies. In the local scene, TECHNOLOGY -1.33% and
INDUSTRIAL -1.16% index were the 2 biggest loser weighed by VITROX -6.12%
RM2.76, GHYSYS -5.45%, INARI -1.43% , DNEX -4.47% and PCHEM -3.57%,
LAFMSIA-0.99%, VS -8.46% respectively. Market breadth was largely negative
today as losers outpaced gainers by 581 : 262. Futures closed at 1772.5 (10 pts
discount).
2) Heavyweights : TENAGA -1.62% RM14.56, PCHEM -3.57%
RM5.13, AMBANK -4.11% RM6.30, SIME -1.57% RM9.40, GENM -3.41% RM3.96, CIMB
-1.07% RM5.50, AXIAT +1.12% RM7.22, YTL +2.92% RM1.76.
3) DBT: TENAGA 112mil @ RM14.50 (1.98% PUC, blocked sold
by Khazanah), STAR 10mil @ RM2.52 (1.35% PUC), SUNREIT 9.633mil @ RM1.54,
YINSON 1.5mil @ RM2.78
4) Situational:-
MITRA -1.69% RM1.16 - Mitrajaya Holdings has clinched a
RM229.87 million contract from Putrajaya Homes Sdn Bhd to build three blocks of
public apartments for "Perumahan Penjawat Awam 1 Malaysia" in
Precinct 5, Putrajaya. The 36-month deal involves the construction of 1,062
units of public apartments and two blocks of multi-level parking and common
facilities.
5)ALAM : announced that Alam Hidro (M) Sdn Bhd, a
wholly-owned subsidiary had received a Letter of Award from a reputable local
main contractor for the Provision of Air / Saturation Diving Services for
inshore repair and maintenance project in Kedah for a total contract sum of
approximately RM10m. The Contract is to commence on 15 February 2015 and
expected to be completed by 31 March 2015; +ve, contract is expected to
contribute positively to the earnings for FY2015. However, we remain cautious
on the OSV segment in view of softening dayrates and lower demand. Management
is cautious given uncertainties with Petronas' capex and work plans. Their view
is that the oil & gas services providers may need to wait until late 1Q15
to have better clarity. There should still be pockets of offshore installation
& construction (OIC) and subsea works opportunities for Alam to tap into,
as the group has the relevant experience and key assets. Trading at 8x FY12/15
- Hold.
6)Market : With the lack of short term catalyst and
monetary policy easing by Singapore to affect the near-term sentiment, the
FBMKLCI is likely to continue to consolidate with a downward bias, towards it's
the 1770 points level.
