FBMKLCI
1846.08 -8.69pts (-0.47%) Volume 1.978b Value RM1.678b
1846.08 -8.69pts (-0.47%) Volume 1.978b Value RM1.678b
1)
The KLCI closed at its day low despite the stronger US market overnight boosted
by Tech heavyweights as well as Energy stocks amid volatile oil prices. In the
regional market, bourses were mostly higher with KOSPI +1.38% leading in gains,
SHCOMP +0.36% and NIKKEI +0.27% followed closed behind while the HSI -0.38%
lagged behind. In the local market, FINANCE -1.03% index lost the most grounds
amongst the sectors weighed by CIMB -1.44%, RHBCAP -3.17%, PBBANK -0.20%,
AMBANK -0.62%. Market breadth was negative with losers outpacing gainers by 480
: 310. Futures closed at 1849.5 (3.5pts premium).
2)
Heavyweights : MAYBANK (ex-33sens) +0.98% RM9.25, CIMB -1.44% RM6.15, PCHEM
-1.48% RM5.96, RHBCAP-3.17% RM7.94, PPB -1.89% RM15.54, GENTING -0.76% RM9.08,
MISC +1.52% RM9.32, MAXIS +0.84% RM7.16.
3)
DBT: PESONA 12.8mil @ RM0.887 (2.44% PUC @ 5.7% discount), BJLAND 12mil @
RM0.725, TAKASO 7.5mil @ RM0.50.
4)
Situational:-
IWCITY
-0.75% RM1.31 - Iskandar Waterfront City Bhd (IWCity) has entered into a
conditional sale and purchase agreement with Bahagia Wangsa Sdn Bhd to acquire
three adjoining parcels of freehold land measuring 67.5 acres in Pulai, Johor,
for RM155.9m cash with plans to undertake mixed development on the land. The
group is proposing a mixed development project on the property comprising
residential units, Rumah Mampu Milik Johor and shop-houses, with an indicative
gross development cost of approximately RM480.0m and a gross development value
of RM629.0m.
ICON
-10.94% RM0.61 - Icon Offshore Bhd’s chief executive officer and chief
operating officer have been remanded by the Malaysian Anti-Corruption
Commission (MACC). The oil and gas services-related company said on Wednesday
they had been remanded to “facilitate and assist” investigations currently
being conducted.
5)
GHL
Announce
that it has signed an agreement to provide Payment Facilitator or Third Party
Acquisition services to CIMB Bank Bhd. This is GHL’s first TPA signing with a
Malaysian Bank.
GHL
will seek to acquire between 3,000 to 4,000 merchants, on behalf of CIMB Bank
in the first year,
and
this would enable the merchants to accept payments from the various
International Card
Associations.
Revenue earned by GHL is derived from terminal rental and merchant discount
rates
which
will continue as long as GHL signs-up merchants for card acceptance as a TPA
with CIMB Bank.
The
strategy going forward will involve the deployment of conventional electronic
data capture
(EDC)
terminals and mobile point of sales (mPOS) devices as well as e-Commerce.
GHL
will also offer e-pay services (mobile prepaid reload and bill payment
collection services) to
these
merchants as value added services.
+ve
as the company is well positioned to capitalize on BNM desire for the wider
implementation and usage of e-payment.
6)
Market: Maintain current range with focus firmly in the high growth mid cap
companies space.
