FBMKLCI
1850.31 -6.20pts
(-0.33%) Volume 1.821b Value RM1.884b
1)
The KLCI broke its winning streak today following the weaker US market
overnight before the start of its 1Q reporting season tonight. Regional bourses
were stronger led by the HSI's post holiday rally +3.8%, SHCOMP +0.84%, NIKKEI
+0.76%, ASX +0.59% also gained amid optimism. Locally, TECHNOLOGY +1.18% index
outperformed other sectors boosted by gains amongst, GTRONIC +3.47%, UNISEM
+2.71%, VITROX +2.57%, INARI +0.58%, while o&g names remained resilient after
WTI prices rose 3% led by YINSON +1.02%, DAYANG +5.33%, PERDANA +3.96%,
MUHIBBAH +3.44%. Market breadth was positive with gainers beating losers by 427
: 372. Futures closed at 1847 (3pts discount).
2)
Heavyweights : CIMB -0.95% RM6.24, TM -1.71% RM7.47, IOICORP -1.30% RM4.54,
HLBANK -1.91% RM14.32, BAT -1.15% RM68.50, DIGI -0.48% RM6.30, YTL -1.17%
RM1.68, KLK -0.51% RM22.98.
3)
DBT: MNC 30mil @ RM0.32 (31.75% PUC Sold by Grand Sino Investment Lmt),
GENTING 27.4mil @ RM9.10, SEM 10mil @ RM1.61, JAKS 8.5mil @ RM0.585 (1.939% PUC
@ 8.7% discount).
4)
Situational:-
EWEIN
+5.17% RM0.61 - Ewein Bhd has obtained building plans approval for its parcel
of land in Bandar Tanjong Pinang, Pulau Pinang, which will have a gross
development value of RM800 million.Work is expected to begin in the second half
of this year. Its sub-subsidiary Ewein Zenith Sdn Bhd, received approval from
the Majlis Perbandaran Pulau Pinang on planning permission for the land on
March 30, 2015.
5)
PESTECH
Pestech
announce that its 60% owned subsidiary company, Diamond Power Limited (DPL)
completed the execution of all agreements in relation to the rights of the
development of 230kV Kampong Cham – Kratie Transmission System Project on a BOT
basis.
DPL
has now procured all the necessary legal documentations, which signify the full
and effective ownership of the Project. This marks the entry of the PESTECH
group as an independent power transmitter on a concession basis. The Project
has commenced on 8 April 2015 and is to be completed by 30 November 2017.
The
power transmission charges to be paid by EDC to DPL commencing from the
Scheduled Commercial Operation Date of the Project until the end of the Term
shall be as follows:
(i) for
the first three operating years from the Scheduled Commercial Operation Date:
USD12,250,000 per annum; and
(ii) from
the fourth operating year from the Scheduled Commercial Operation Date until
the end of the Term: USD18,215,910 per annum.
The
cost for the development of the Project is USD92.21 million.
+ve
Pestech is also bidding for 11 similar projects in Cambodia.
6)
Market: Regional bullishness will help interest in mid caps which have largely
been ignored despite the 5% gain on the KLCI YTD.