FBMKLCI 1800.95 +11.88pts
(+0.66%) Volume 1.963b Value 2.329b
1) The KLCI rebounded today erasing yesterday’s losses after the US market climbs to record territory on Russia and Ukraine’s cease fire agreement. In the regional market, bourses were generally stronger led by the ASX which gained +2.33% boosted by material names, HSI +1.07%, SHCOMP +0.96%, KOSPI +0.82% all gained decisively as sentiments improve. In the local scene, INDUSTRIAL index +1.23% gained the most grounds today boosted by heavyweights PETGAS +2.03%, PCHEM +0.56%, CMSB +3.65%. Market breadth was positive today as gainers outpaced losers by 493 : 303. Futures closed at 1801 (Parity).
1) The KLCI rebounded today erasing yesterday’s losses after the US market climbs to record territory on Russia and Ukraine’s cease fire agreement. In the regional market, bourses were generally stronger led by the ASX which gained +2.33% boosted by material names, HSI +1.07%, SHCOMP +0.96%, KOSPI +0.82% all gained decisively as sentiments improve. In the local scene, INDUSTRIAL index +1.23% gained the most grounds today boosted by heavyweights PETGAS +2.03%, PCHEM +0.56%, CMSB +3.65%. Market breadth was positive today as gainers outpaced losers by 493 : 303. Futures closed at 1801 (Parity).
2) Heavyweights :
TENAGA +2.19% RM13.94, MAYBANK +1.32% RM9.19, PETGAS +2.03% RM22.12, SIME
+0.94% RM9.58, SKPETRO +2.45% RM2.92, PETDAG +4.23% RM17.72, IHH +1.35% RM5.25,
BAT -2.26% RM69.16.
3) DBT: HIBISCS 3.7mil @ RM0.83 (9.8% discount), XINGHE 3mil @ RM0.10, BJAUTO 2mil @ RM3.40.
4) Situational:-
KINSTEL +3.22% RM0.16 - Kinsteel Bhd and
its subsidiary Perfect Channel Sdn Bhd (PCSB) has entered into a Memorandum of
Agreement with Vibrant Holdings Sdn Bhd and Beijing Industrial Designing and
Researching Institute of China (BIDR) on a proposal to transform PCSB’s steel
manufacturing operations in Gurun, Kedah into a more profitable concern.
5) SIGNATURE
1H Dec
2014 Tover +86.5%
RM130.4m
Net
RM18.9m
15.7sen
Cons(f) RM24m
The higher turnover due
to Project division of Kitchen and Wardrobe segment has been the main
contributor to this increase derived from an all-time high order book of RM200
million which is progressively delivered and recognized as sales. The bulk of
the div breakdown is derived from kitchen and wardrobe with white goods/glass
alum a small portion.
Moving towards a more
exciting direction for its retail segment, the Group is progressing its
five-year business plan with the opening of SignatureKitchen Lifestyle
Galleries with 2 galleries being opened in 2014, one in Puchong Selangor and
another at Danga Utama, Johor. +ve
6) Market – Current
trend to continue with resistance on the KLCI around the 1810pts levels.
