FBMKLCI
1819.10 +5.06pts (+0.28%) Volume 2.039b Value RM2.122b
1) The KLCI continued to rise for a 2nd day despite the
weaker US market overnight which stalled at record levels as USD continue to
strengthen against most currencies. In the regional market, bourses were mixed
as SHCOMP -0.83% broke its 10 day
winning streak after weak results by AgBank weighed on banking stocks, HSI
closed +0.53% higher while the NIKKEI +0.17% closed flat. PROPERTY index -0.76%
was the laggard amongst the sector dragged by losses amongst heavyweight, UEMS
-2.96%, SPSETIA -1.42%, MRCB -4.03%, E&O -3.44% while the ACE +1.14% market
continued to draw interest as GENETEC +18.42%, PRIVA +10.29%, MPAY +5.76%,
WINTONI +11.66% led in the most active winners. Market breadth was positive
with gainers beating losers by 449 : 391. Futures closed at 1818 (1pts
discount).
2) Heavyweights : PBBANK +0.76% RM18.56, BAT +3.24%
RM70.00, MAYBANK +0.65% RM9.21, IHH +1.52% RM6.00, IOICORP +1.08% RM4.66,
TENAGA +0.27% RM14.50, PCHEM -0.90% RM5.50, SIME -0.43% RM9.26.
3) DBT: INTEGRA
8.054mil @ RM3.1750 (2.67% PUC), MPHBCAP 7.959mil @ RM1.95 (1.11% PUC), INARI
6.31mil @ RM3.00 (12% discount)
4) Situational:-
FAJAR +2.35%
RM0.435 - Fajarbaru Builder Group Bhd has clinched a RM109.0m contract from
Prasarana Malaysia Bhd to complete three stations and two traction power
sub-stations (TPSS) for the Kelana Jaya light rail transit (LRT) line extension
project. The group said that its unit, via unit Fajarbaru Builder Sdn Bhd
(FBSB) had received an agreement dated March 12 March from Trans Resources Corp
Sdn Bhd to mutually terminate the nominated sub-contract for the same project.
The new contract, with Jan 15 next year as the targeted date of completion,
involves the construction, completion, testing and commissioning of Stations 1,
2 and 3, TPSS A & B, including civil works, external works and all other
associated works.
CLIQ -2.22% RM0.66
- CLIQ Energy Bhd has proposed to acquire two oil producing field assets in
Kazakhtan from Phystech Firm LLP for USD117.3m (RM433.5m). The special purpose
acquisition company (SPAC) as entered into a conditional sales and purchase
agreement (SPA) with Phystech to buy a 51.0% stake in a special purpose vehicle
(SPV), which will compromise two oil field blocks in the Karazhanbas
NorthernField concession area.
5) Water
The Selangor water issue continues to rage on with
Selangor State MB refusing to granted access to any portion of the land in
Selangor where some 26,000 kilometres of pipes belonging to state water
concessionaires now lie to the Federal govt. Continued disagreement jeopardizes
the Master agreement of transferring the water assets into an SPV and will also
further delay the construction of the Langat 2 water treatment plant.
We continue to have a hold rating on Puncak and buy on
weakness for Gamuda.
6) Market: Maintain current recovery in currency to lead
the market higher esp blue chips with an immediate target for the KLCI at
1830pts.