FBMKLCI
1842.94 +8.42pts
(+0.46%) Volume 1.993b Value RM1.686b
1842.94 +8.42pts
(+0.46%) Volume 1.993b Value RM1.686b
1)
The KLCI trended higher following the stronger MYR as USD fell 1~% against most
of its counter parts after jobs report came in below expectations. Region
remained quiet as most of the major bourses were closed today, NIKKEI -0.19%
and STI -0.02% closed flat while the US futures tumbled. In the local front,
CONSUMER index +0.52% gained the most grounds led by defensive bluechips
names, BAT +1.58%, PPB +1.15%, NESTLE +0.67%. Market breadth was positive as
gainers edged losers at 393 : 379. Futures closed higher at 1849 (6points
premium).
2)
Heavyweights : PBBANK +0.76% RM19.16, TM +2.13% RM7.67, GENM +2.16% RM4.24,
MAYBANK +0.52% RM9.50, MISC +1.53% RM8.60, IHH +1.02% RM5.94, BAT +1.58%
RM69.30, GENTING +0.66% RM9.03.
3)
DBT: OLYMPIA 29.395mil @ RM0.135 (2.87% PUC), KANGER 20mil @ RM0.45
(3.87% PUC), GTRONIC 8.3mil @ RM5.23 (2.95% PUC @ 4.1% discount), SNTORIA 2mil
@ RM1.00, YINSON 1.7mil @ RM2.8353
4)
Situational:-
IWCITY
+7.31% RM1.32 - Iskandar Waterfront City Bhd’s sealed a RM2.37 billion deal
with Greenland Tebrau Sdn Bhd, to sell 51.2ha of land in Johor. The proposed
land disposal, which would allow the group to unlock the potential value of its
landbank, is expected to be fully completed by the first quarter of 2018. The
group is expected to recognise a gain of RM1.2 billion upon completion of the
land deal. Furthermore, IWCity said the proposed disposal is expected to result
in a net cash inflow, which is intended to be utilised for land improvement
works. Trading BUY.
MCT
+3.90% RM1.33 - Property-based MCT Consortium Bhd made its debut after the
completion of the RTO over GWplastics today as it closed 5 cents above its
offer price of RM1.28 with 13mil vol traded today.
BARAKAH
+0.58% RM0.855 - BARAKAH announced that it has secured a contract from
Kebabangan Petroleum Operating Company for the provision of topside maintenance
services in Sabah. The contract duration is for one-year effective from 2 April
2015 with an option to extend for another one year. The mobilization date for
the work is expected to be on 1 May 2015. No contract value was mention.
5)
HLFG
HLA
a 70% sub of HLFG prop to acq a parcel of land together with the commercial
office known as Menara Raja Laut from Hong Leong Bank for a cash consideration
of RM220m. Land area : 60,988 sq. ft with a total net lettable area of the
Building : 397,939 sq. ft. Original cost of investment in the property by HLB
is RM180m made on 1 July 2011. Rental income received by HLB from tenants of
the Building during the year 2014 amounted to RM1.69 million. The offices of
HLB Group within the Building are occupied without any rental charges
currently.
The
Proposed Acquisition will enable HLA to enhance its investment income in the
long run with capital appreciation potential.
6)
Market: Spill over foreign buying in neighbouring emerging markets
continue to drive the KLCI higher aided by the recovery in the RM should see
the market test the 1850pts levels before a pull back n consolidation.
