FBMKLCI
1840.13 +0.52pts (+0.03%) Volume 2.701b Value RM2.508b
1) The KLCI broke its losing streak to close in the green
albeit in flattish terms following the stronger US market after oil price
rebounded and better corporate earnings. In the regional market, bourses were
mixed as the SHCOMP -1.24% slid after GDP fell to 6 year lows, ASX fell -0.64%;
HSI+0.21%, HSCEI +1.45%, STI +0.43% however remained resilient amid optimism
from the West. In the local scene, O&G stocks rebounded inline with the
stronger oil price, SKPETRO +8.33%, BARAKAH +3.88%, UMWOG +4.72%, KNM +7.08%,
ARMADA +13.20%. Market breadth positive with gainers thumping losers by 518 :
307. Futures closed at 1840.5 (parity).
2) Heavyweights : SKPETRO+8.33% RM2.60, IHH +1.77%
RM5.72, CIMB +0.80% RM6.24, GENTING -1.33% RM8.88, DIGI -0.95% RM6.24, TM
-1.33% RM7.40, MAYBANK -0.42% RM9.34, YTL -1.80%.
3) DBT: NICE 12.1mil @ RM0.105 (5.19% PUC), BSTEAD 10mil
@ RM4.50, FITTERS 10mil @ RM0.68 (2.07% PUC), BARAKAH 5mil @ RM0.855 (5.4% discount).
4) Situational:-
ARMADA +13.20%
RM1.20 - Bumi Armada Bhd's wholly- owned units, Armada Floating Gas Storage Malta
Ltd and Armada Floating Gas Services Malta Ltd, have received RM1.1b contracts
from ElectroGas Malta Ltd. Bumi Armada said the contracts were for the
conversion, supply, operations and maintenance of one floating storage unit
relating to the construction and operation of an liquefied natural gas (LNG)
receiving terminal in Delimara, Malta.
5) PESONA : announced that Pesona Metro Sdn Bhd, a wholly
owned subsidiary, had on 15 April 2015, received a Letter of Award from PBT
Engineering Sdn Bhd for the execution & completion of building works of 1
office block (17 floors) with a 8 level car-park, 2 Soho blocks ( 30 & 35
floors) with car-parks in the districk of Dengkil, Cyberjaya. The project is
for a contractual sum of RM266.8m, and is for a duration of 29 months
commencing April 20, 2015. The defect liability period for the works shall be
30 months from the date of Certificate of Practical Completion. It will be
funded from internally generated funds and not have an effect on the group
gearing; +ve, as is expected to contribute positively to the earnings of the
group during the duration of the project.
6) Market : We expect further consolidation as there is
still no sign yet that the Ringgit and crude oil prices could strengthen in the
near-term. The local bourse is likely to trade within 1830-1860 points with
downside bias. Focus on mid caps likely to remain.