FBMKLCI
1789.07 -9.88pts (-0.55%)
Volume 1.680b Value 2.511b
1789.07 -9.88pts (-0.55%)
Volume 1.680b Value 2.511b
1)
The KLCI touched an 18pt low early in the morning session and traded the day in
negative territory despite better than expected 4Q GDP of 5.8% vs 5.0%
forecast. Regional markets traded mixed with the SHCOMP +0.50%, HSI +0.44%, and
STI -0.81% on continued uncertainties from Greece capping sentiment, but NIKKEI
+1.85% which was closed for a holiday yesterday, outperformed on a weaker YEN
which boosted exporters. In the local scene, the TRADING/SERVICES -0.90% index
recorded the most losses from TENAGA -5.28%, PETDAG -6.08%, MISC -1.15%,
GENTING -1.03%, GENM -1.22%. Market breadth was negative with losers outpacing
gainers by 436 : 326. Futures closed at 1781 (8pts discount).
2)
Heavyweights : TENAGA -5.28% RM13.64, PETDAG -6.08% RM17.00, MAXIS +1.74%
RM7.00, KLK +2.13% RM22.98, GENTING -1.03% RM8.66, BAT +1.73% RM70.76, FGV
+3.60% RM2.59, DIGI +0.63% RM6.36.
3)
DBT: DIALOG 85.6mil @ RM1.56 (1.76% PUC, 1.27% discount, placement from major
shareholder), INSTACO 15.0mil @ RM 0.145, NICE 8.50mil @ RM0.105 (3.65% PUC).
4)
Situational:-
HIBISCS
+4.14% RM0.88 - Hibiscus Petroleum Bhd's wholly-owned entity, Carnarvon
Hibiscus Pty Ltd, will commence drilling operations at an exploration well
located in VIC/P57, offshore Australia, in June. CHPL had, in October 2014,
signed a rig share agreement with Origin Energy Resources Ltd. CHPL will assume
the services of Seadrill's West Telesto drilling rig, an independent leg
cantilever jack-up rig, to spud and drill the Sea Lion exploration well after
Origin Energy's drilling activities. In mid-January 2015, the West Telesto rig
will arrive at Port Philip Bay in Melbourne on a Heavy Lift Vessel and be
offloaded and towed to Western Port Bay.
5)
Matrix Concept
FYE
Dec 2014 Tover +4.3%
RM598.3m
Net
+20% RM182.6m EPS48.9sen
10% above Cons(f) RM166m
Bulk
of the group efforts focused on the development of its township development
projects in Bandar Sri Sendayan in Seremban which generate most of its sales.
The improvement in the Group’s margin was mainly due to the contribution of
revenue by the Group’s sales of development properties which commanded a better
profit margin. The company declared a final div of 6.5c bringing full yr div to
19c.
It
further targets to launch its Hijayu 2 (Phase 1) and Sendayan Merchant Square
Shop Offices (Phase 1) within the same township during the first quarter of
this financial year.
+ve
valuations remain cheap with a current yr PE of 7x and attractive yield of 6%.
Accum.
6)
Market – Expect the KLCI to find support around the 1780pts levels after the
sell down on TNB with focus remaining on rotational plays in midcaps.