FBMKLCI
1848.66 +2.80pts (+0.15%) Volume 3.131b Value RM2.144b
1) The KLCI
started the week wavering between gains and losses to close the day marginally
higher helped by the wider-than-expected cut on Sunday by the PBOC to lower the
reserve requirement ratio by 100 basis points despite a global sell off last
Friday. Regionally, markets closed lower with the HSI -2.02%, SHCOMP -1.61%,
ASX -0.76%, STI -0.62% fuelled by renewed worries about Greece's cash crunch.
In the local scene, the FINANCE index gained the most ground today boosted by
PBBANK +0.72%, .CIMB +0.82%, RHBCAP +0.77%, HLBANK +0.29%, TAKAFUL +1.51%.
Market breadth was negative with losers outpacing gainers by 485 : 346. Futures
closed at 1848.5 (parity).
2) Heavyweights : SIME +1.83% RM9.44, PBBANK +0.72%
RM19.60, GENM -3.13% RM4.33, TENAGA +0.55% RM14.52, CIMB +0.82% RM6.15, IHH
+1.35% RM5.99, MISC -0.99% RM8.99, SKPETRO -1.10% RM2.69.
3) DBT: XINGHE
17.5mil @ RM0.0756 (8% discount), AXIATA 13.812mil @ RM7.017, ASIAPLY 11.153mil
@ RM0.4576 (12.69% PUC @ 6.42% premium), DSONIC 10mil @ RM1.10, KAWAN 6.85mil @
RM1.80 (3.74% PUC @ 5.76% discount).
4) Situational:-
WPRTS +1.23% RM4.12 - Terberg Tractors Malaysia Sdn Bhd,
a joint venture between Terberg group and Sime Darby Industrial secured a
contract worth RM58mil from Westports Malaysia to supply new terminal tractors.
The contract comprises of 104 units of YT220 MKII Terberg terminal tractors as
well as service and maintenance over the next seven years. Westports said the
contract to purchase 104 terminal tractors came at the right time to meet the
demand in port operations, adding that the contract would mark Westports as a
greater port. Westport had a 76% of market share in container volume as at end
2014, reflecting that container volume has grown increasingly over the years.
The first delivery of terminal tractors was expected to take place end-April
till August 2015.
5) Century Log/ Top Glove
The Board of Directors of the Company is pleased to
announce Logistics Sdn. Bhd., a wholly-owned subsidiary of the Century Log, had
on 17 April 2015 accepted the offer to dispose a commercial land measuring
6,070.3 square metres, Mukim Of Bukit Raja, District of Petaling, State of
Selangor, to Top Glove Properties Sdn Bhd, a subsidiary of Top Glove
Corporation Berhad for a cash consideration of RM20.255m.
The disposal consideration of RM20.255 was arrived at
based on negotiations between the parties and after taking into consideration
the prevailing market value of the land. After deduction of ancillary costs and
real property gains tax, Century is expected to realise a gain on disposal of
approximately RM9.2 million.
6) Market: Added uncertainty from increased volatility in
global markets could see caution return after the decent rally experienced
across the board. However availability of cheap funds should ensure the buoyant
mood prevails until the current scenario changes.