FBMKLCI
1859.58 -3.00pts (-0.16%)
Volume 2.119b Value RM2.054b
1)
The KLCI started the morning session on a positive note touching a 5pt high
before retreating to close 3pts in the red on mild profit taking amidst caution
ahead of the US FED and BOJ's meetings this week. Regionally, SHCOMP +3.06%,
HSI +1.33% continued to touch multi-year highs on strengthening interest from
retail investors and expectations of more stimulus from the PBOC, whilst NIKKEI
-0.18% closed below 20,000 mark, awaiting 1Q after-market results from index
heavyweights. In the local scene, the TECHNOLOGY INDEX -1.05% lost the most
ground today dragged by INARI -2.66%, JCY -3.15%, MPI -0.88%. Market breadth
was negative with losers thumping gainers by 639 : 250. Futures closed at
1860.5 (1point premium).
2)
Heavyweights : MAYBANK -0.64% RM9.36, DIGI -0.96% RM6.19, SKPETRO -1.75%
RM2.80, GENM -1.34% RM4.42, AXIATA -0.57% RM6.95, PCHEM +0.81% RM6.26, PBBANK
+0.20% RM19.74, IHH -0.67% RM5.97.
3)
DBT: TGOFFS 11.887mil @ RM0.38 (3.12% PUC @ 17.4% discount), GESHEN 11.0mil @
RM0.68 (13.75% PUC @ 5.56% discount), RPB 4.2mil @ RM0.375 (3.85% discount),
PARAMON 3.6mil @ RM1.56 (4.9% discount)
4)
Situational:-
IJM
-0.27% RM7.38 - IJM Land Bhd, the property development arm of IJM Corp
Bhd has teamed up with Singapore-based Perennial Real Estate Holdings Ltd to
acquire and develop a 32.76-acre parcel of freehold waterfront land in Gelugor,
Penang into a large-scale integrated mixed-use development. Estimated to be
completed in phases, starting from 2018, the total development cost for the
project is estimated to be over RM3 billion. IJM Land and PREH will form a
joint venture company called Aura Hebat Sdn Bhd, in which each will have an
effective 50% interest. The JV will acquire the site from Jelutong Development
Sdn Bhd, a subsidiary of IJM Land.
5)
TNB
1H
Feb 20015 Tover +10.5%
RM21.6bn Net +29% RM4.5bn EPS 80sen
38% above cons(f) RM6.5bn
The
company achieved a 1H EBITA of 37.1% (up 9.6% YOY) on the back of lower fuel
cost as with lower generation from Gas and LNG. Coal acc for 46% of generation
capacity with av coal px in the 1H USD68.4/mt (down 11.7% YOY). 1H Electric
demand grew 2.8% in Pen Msia. Translation loss in the 1H totalled RM257m.
Major
power plants coming on stream include Janamanjung 4 (1010 MW) completed in
April 2015 and Prai (1071 MW) scheduled for Jan 2016.
Foreign
shareholding remained steady around the 26% levels ie 26.9% as at March 2015.
Benign
raw material prices are expected to remain for the rest of the year with the
company on track to post record earnings. Core holding
6)
Market : Unchanged market view with rotational play in mid caps and continued
consolidation on the KLCI with eyes firmly set on numbers this reporting
season.