FBMKLCI
1855.06 -4.52pts (-0.24%) Volume
2.174b Value RM2.151b
1855.06 -4.52pts (-0.24%) Volume
2.174b Value RM2.151b
1)
The KLCI fell inline with the weaker US market as investors retreated to the
sidelines ahead of the 2 day FOMC meeting which starts tomorrow. In the
regional market, bourses were weaker led by SHCOMP -1.13%, which fell amid mild
profit taking on hefty valuations, ASX -0.57% and STI -0.70% closed slightly
lower while the NIKKEI +0.38% and HSI +0.03% gained. In the local scene,
TECHNOLOGY index lost the most grounds as INARI -3.93%, MPI -5.03%, UNISEM
-2.41%, VITROX -3.72% led in losses after USD continue to weaken against the
MYR. Market breadth was negative with losers thumping gainers by 762 : 183.
Futures closed at 1857.5 (2.5pts premium).
2)
Heavyweights : DIGI -2.26% RM6.05, AXIATA -0.71% RM6.90, MAXIS- 1.12% RM7.05,
GENM -1.58% RM4.35, KLK -1.45% RM23.06, MAYBANK -0.21% RM9.34, PCHEM -0.47%
RM6.23, PBBANK +0.30% RM19.80.
3)
DBT: ECOFIRST 3.985mil @ RM0.35, SEAL 3mil @ RM0.82 (1.355% PUC @ 27% premium),
SGB 2.765mil @ RM0.55 (2.91% PUC)
4)
Situational:-
BORNOIL
+2.56% RM0.80 - Borneo Oil Bhd (BornOil) is raising RM223.4m through a proposed
rights issue with free warrants, aimed at expanding its lucrative gold mining
activities in Peninsular Malaysia. This would strengthen BornOil’s gold mining
activities, which comes under the oil, gas and energy-related business
division, the company said. With the exercise, BornOil is optimistic that the
net contribution from prospecting and mining works would potentially exceed
25.0% or more of Bornoil Group’s net profit in the near future.
5)
GTB
1Q
Mar 2015 Tover +6.3% RM88.7m Net +21.6%
RM17.2m EPS 6.1sen
13% below cons(f) RM79m
The
company achieved improved earnings numbers based on better volume loading from
most of its customer base in LED, Crystal timing devices, sensor and optical
products. This also helped in achieving better economies of scale. 1Q Capex
recorded a total of RM22.3m which we understand is primarily to further expand
its sensor product line up which should be reflected in the 2H 2015.
The
successful roll out of new applications for its sensor product will become the
new earnings driver for the group in the immediate future.
+ve
accumulate on weakness.
6)
Market: Profit taking triggered by the pull back in the US likely to continue
ahead of a holiday shortened week. Immediate CI support seen at the 1830pts
levels.