FBMKLCI 1728.06pts +18.88pts
(+1.10%) Volume 1.603b Value 1.837b
1) The local CI rebounded today gaining 19 pts following the stronger U.S market overnight as oil prices stabilized. In the regional market, most of the major bourses were stronger following optimism from the West as the NIKKEI +1.67%, HSI +0.65%, KOSPI +1.11% and STI +1.37% gained while the SHCOMP retraced -2.39% amid profit taking weighed by financial stocks. In the local scene, TECHNOLOGY index +3.21% gained the most grounds boosted by exporters, INARI +5.88%, JCY +4.23%, GTRONIC +3.95%, MPI +3.99%. Meanwhile, the O&G sector rebounded today, led by SKPETRO +3.54%, UMWOG +7.11%, COASTAL +6.07%, YINSON +1.76%. Market breadth was positive today as gainers beat losers by 555 : 240. Futures closed at 1734.5 (6.5points premium)
1) The local CI rebounded today gaining 19 pts following the stronger U.S market overnight as oil prices stabilized. In the regional market, most of the major bourses were stronger following optimism from the West as the NIKKEI +1.67%, HSI +0.65%, KOSPI +1.11% and STI +1.37% gained while the SHCOMP retraced -2.39% amid profit taking weighed by financial stocks. In the local scene, TECHNOLOGY index +3.21% gained the most grounds boosted by exporters, INARI +5.88%, JCY +4.23%, GTRONIC +3.95%, MPI +3.99%. Meanwhile, the O&G sector rebounded today, led by SKPETRO +3.54%, UMWOG +7.11%, COASTAL +6.07%, YINSON +1.76%. Market breadth was positive today as gainers beat losers by 555 : 240. Futures closed at 1734.5 (6.5points premium)
2) Heavyweights : TENAGA +2.75% RM14.20,
KLK +4.58% RM22.80, MAYBANK +1.04% RM8.70, MISC +3.20% RM7.40, GENTING +1.74%
RM8.75, SKPETRO +3.54% RM2.34, SIME +0.88% RM9.10, IHH +1.92% RM4.77
3) DBT: MEGB 72.445mil @ RM0.5620 (17.67% PUC @ 23.6% discount, matched stake held by Raphia Ltd), INSTACO 13mil @ RM0.15 (1.85% PUC), PMHLDG 3.87mil @ RM0.45.
4) Situational:-
SCOMIES +3.50% RM0.59 - Scomi Energy Services Bhd has received a letter of award from Tenaga Nasional Bhd's wholly-owned subsidiary, TNB Fuel Services Sdn Bhd (TNBF) for a RM175.4m contract of affreightment for carriage of bulk coal. Under the contract, Scomi Energy Services is expected to transport about 1.2m metric tonnes of coal per annum for a period of two years from May 1, 2015, Scomi Energy Services said. The LOA comes with an option for TNBF to extend it for another year.
3) DBT: MEGB 72.445mil @ RM0.5620 (17.67% PUC @ 23.6% discount, matched stake held by Raphia Ltd), INSTACO 13mil @ RM0.15 (1.85% PUC), PMHLDG 3.87mil @ RM0.45.
4) Situational:-
SCOMIES +3.50% RM0.59 - Scomi Energy Services Bhd has received a letter of award from Tenaga Nasional Bhd's wholly-owned subsidiary, TNB Fuel Services Sdn Bhd (TNBF) for a RM175.4m contract of affreightment for carriage of bulk coal. Under the contract, Scomi Energy Services is expected to transport about 1.2m metric tonnes of coal per annum for a period of two years from May 1, 2015, Scomi Energy Services said. The LOA comes with an option for TNBF to extend it for another year.
5) KLK
Kuala Lumpur
Kepong and Mitsui & Co say that they have entered into an agreement, under
which Mitsui will invest in the oleochemical business operated by KLK in China.
Mitsui will invest a total of $44 million in the business and has signed an
agreement to acquire a 20% stake in KLK’s wholly owned subsidiary KLK Premier
Capital Ltd. +ve
6) Market – Current relief rally
particularly in beaten down O&G names could have more legs as a number of
economies are considering monetary easing action which could add liquidity to
fuel an equity rally. However economic outlook remain uncertain hence we
continue to advocate a short term trading stance. Laggard mid cap O&G names
include Perdana, PEnergy, Waseong, Coastal.
