FBMKLCI
1805.49 -2.16pts (-0.12%) Volume 1.541b Value RM1.602b
1) The KLCI ended in negative territory paring its gains
from high of 1814.24 (+6.59pts) as index was dragged down by TENAGA on concerns
over its possible involvement in taking over Track 3B from 1MDB. Regions were
higher boosted by gains in HSI+0.5%, SHCOMP+3% after China's central bank cut
interest rates by 25bps. Tech+0.58% outperformed led by gains in JCY+2%,
UNISEM+1.6%, MPI+1.5%, KESM+3%. Market breadth was negative with decliners
leading gainers 484:342. Futures closed at 1796.50 (9points discount)
2) Heavyweights : TENAGA-1.3% RM13.80, IOICORP-1.7%
RM4.13, MISC-2% RM8.41, KLK-1.8% RM21.72, GENTING-1% RM8.77, AXIATA+1.8%
RM6.74, IHH+1.35% RM6.00, CIMB+0.7% RM5.93
3) DBT: KENANGA 19.464mil @ RM0.65 (2.66% PUC, 13.3%
discount), HAPSENG 8mil @ RM4.28, KAWAN 4mil @ RM1.80 (6.25% discount).
4) Situational:-
BRAHIMS+0.52% RM0.965 - Brahim's Holdings Bhd's
70.0%-owned unit, Brahim's Airline Catering Sdn Bhd (BAC), has signed a second
extension agreement (2nd EA) with Malaysian Airline System Bhd to facilitate
documentation of a New Catering Agreement (NCA). It said the two parties had
agreed to extend the NCA cut-off date from April 30, to May 10, 2015.
5) SKPETRO : announced that its wholly-owned subsidiary
companies within the Engineering and Construction - International Division have
been awarded contracts with a combined value of up to USD269 m ( cRM969m )in
the following countries: a) MEXICO ( the installation of structures and
superstructures of fixed marine platforms, pipelaying and lifting of major
power generation equipment in the Marine Regions, Gulf of Mexico. This award
marks the initiation of SapuraKencana's local operations in Mexico. The value
of the award is between USD41.2 million and USD98.1 million. b) INDONESIA ( SapuraKencana TL Offshore Sdn
Bhd in consortium with PT Encona Inti Industri of Indonesia has been awarded
with the contract for the Work of Offshore and Onshore Pipeline Installation In
Respect of the Construction of Kalija 1 Natural Gas Transmission Pipeline of
Kepodang - Tambak Lorok Segment by PT PGAS Solution. The total value of the
award to the Consortium is a lump sum fee of USD97.5 million. c) VIETNAM and
INDIA ( 4 contracts worth a total value of USD73.5 million) ; +ve, awards is
expected to contribute positively towards the earnings of the Group for the
financial year ending 31 January 2016. Co is backed by a robust order backlog
and good leverage in the international market should give the company an edge
over its peers. The stock's expected return to the shariah list is an added
catalyst.
6) Market - Sentiment remained cautious despite the
improving macro environment with crude oil prices recovering steadily amid a
more stable MYR, and the first batch of 1QCY15 results being satisfactory.
Market expected to trade between 1790-1830 points in the short term.
