FBMKLCI
1842.08 -2.23pts
(-0.12%) Volume 2.119b Value RM1.872b
(-0.12%) Volume 2.119b Value RM1.872b
1)
The KLCI closed lower albeit the marginally higher US market over the weekend
as the markets climbed cautiously on better earnings. In the regional market,
bourses were stronger led by SHCOMP +2.17% which surged to fresh 7 year highs
after weaker export data improved stimulus bets by the government, HSI +2.73%
also gained momentum as cheap valuations and strong cross-border liquidity
helped HK enter a bull market. Locally, TECHNOLOGY +1.67% gained the most
grounds today boosted by INARI +3.59%, UNISEM +3.15% , GHLSYS +5.98% , JCY
+1.91% as the weaker Ringgit supported exporters. Market breadth was positive as
gainers beat losers by 467 : 378. Futures closed at 1838 (4points discount)
2)
Heavyweights : GENM +4.29% RM4.61, MAYBANK +0.85% RM9.45, MISC +1.89% RM9.13,
SKPETRO +2.56% RM2.40, GENTING -2.38% RM9.01, IHH -2.68% RM5.81, TENAGA -0.41%
RM14.44, TM -1.20% RM7.40.
3)
DBT: ASIAPLY 29.18mil @ RM0.4286 (33.192% PUC), SNTORIA 10mil @ RM1.00 (2.202%
PUC @ 5% discount), JAKS 5.5mil @ RM0.65 (1.25% PUC, 9% discount), SEG 5mil @
RM1.45, KNM 3mil @ RM0.64
4)
Situational:-
UMWOG
-2.94% RM2.31 - UMW Oil & Gas has started arbitration proceedings against
Frontier Oil Corp to seek an award for damages and/or compensation for all
losses arising from Frontier's alleged breach of contract, but not limited to
an early termination fee amounting to US$19.2m. Frontier was to have arranged a
bank guarantee of US$5m and an advance payment of US$15m for the services of
UMWOG's Naga 7, but has failed to do so.
ARMADA+0.95%
RM1.06 - Bumi Armada Bhd stands to gain US$250mil (RM918mil) from selling a
FPSO to its associate, PT Armada Gema Nusantara (PT AGN). This is based on the
vessel’s estimated sale price of US$500mil (RM1.8bil) and the company’s 50%
economic interest in the FPSO contract. Its partner in the project is
Mumbai-based construction firm Shapoorji Pallonji and Co Pte Ltd (SPCL),
through its indirect unit Shapoorji Pallonji International FZE.
5)
Sel Dred
Selangor
Dredging announce that Hayat Abadi Sdn. Bhd a wholly-owned subsidiary of SDB
Properties Sdn. Bhd., had on entered into an Agreement with SM Fortuneville
Sdn. Bhd. to acquire the following three pieces of freehold lands for a
purchase price of RM80m, all in Tempat Kuyow, Mukim and Daerah Petaling,
Negeri.
SFSB
is a licensed housing developer and the said Lands are being developed as
a gated strata development known as “CASONA LUXURY HOMES” comprising, (i) 63
units of 3 storey bungalows; (ii) 36 units of 3 storey semi-detached houses .
SFSB has sold fifteen (15) units of 3-storey bungalows and nine (9) units of
3-storey semi-detached houses to end-purchasers. SFSB has commenced earthworks
and piling works on the said Lands, and constructed on part of the lands two
(2) units of 3 storey bungalows, a pair of 3 storey semi-detached houses and
one (1) management office complete with facilities prior to the Agreement. SFSB
will cease further sale of properties in the Project and works on the said
Lands as from the date of the Agreement and revocation of the sale and purchase
agreements entered into between SFSB and its end-purchasers will be carried out
by SFSB.
The
consolidated earnings and earnings per share will be increased by RM5.15 million
and 1.2 sen respectively for the financial year ending 31 March 2016 of the SDB
Group, arising from the profit of completed unit of properties set off against
Balance Purchase Consideration. +ve
6)
Market – Consolidation on the KLCI with focus remaining in mid cap growth
stocks.
