FBMKLCI
1803.02 +4.41pts (+0.25%) Volume 1.688b Value RM2.005b
1) The KLCI rebounded to close 3pts above the 1800 level
as the US erased most of its earlier losses to close flat following a better
than expected response from the bond auction. In the regional market, bourses
were mixed as the NIKKEI +0.72%, ASX +0.71% gained while the SHCOMP -0.58%, HSI
-0.58% lost grounds. In the local scene, TECHNOLOGY ++1.34% index gained the
most grounds boosted by UNISEM +2.88%, MPI +2.28%, JCY +1.93%. PLANTATION
+0.92% index also outperformed on threats of El nino diminishing supply of CPO,
outperformers are IOICORP +3.36%, UTDPLT +1.64%, IJMPLT +2.40%. Market breadth
was positive with gainers beating losers by 420 : 355. Futures closed at 1807
(4 pts premium).
2) Heavyweights : GENTING +4.01% RM9.07, IOICORP+3.36%
RM4.30, PCHEM +2.39% RM5.99, SIME +1.00% RM9.04, PETDAG -4.76% RM19.98, DIGI
-0.00 RM5.96, PETGAS -1.26% RM21.92, PBBANK -0.31% RM19.18.
3) DBT: HAPSENG 7mil @ RM4.30, AIM 4mil @ RM0.255,
YNHPROP 2.76mil @ RM1.9720.
4) Situational:-
AEONCR +1.37% RM14.74 - Aeon Credit Service Bhd plans to
undertake a RM1.0b Islamic commercial papers programme for working capital and
consumer financing. It said the seven-year programme of up to RM1.0b in nominal
value would be based on the Shariah principle of Murabahah. Each Sukuk Murabahah
issuance would have maturities of any tenure from one to 12 months from the
date of issuance. Aeon Credit Service said the ICP programme had been approved
and authorised by the Securities Commission on May 8.
5) GAB
9mths 03/15 Tover
+12.8% RM1.35bn Net +12.5%
RM170.2m EPS 56.3sen
3.7%
above cons(f) RM219m
Revenue growth was driven by volume growth, pricing and
favorable brand Mix ( new brands such as Kirin Ichiban, Smirnoff Ice and new
Strongbow variants gaining loyalty) also
aided by Customs stepping up enforcement measures against contraband beers. Net
profit increased due to higher revenue and cost efficiencies, partly offset by
higher excise duty and sales tax payment.
Price should continue to be well support at these levels
with its favorable yield of 4.7%.
6) Market - Consolidate around the 1800pts as markets
continue to digest data out of the Eurozone and stabilization of global bonds
after recent volatility.