FBMKLCI
1809.72 -13.78pts (-0.76%) Volume 2.093b Value RM1.996b
1) The KLCI slipped amid the weakening Ringgit today
despite the stronger DJIA overnight which shrugged off mounting Greek Debt
concerns as the next payment deadline approaches. Regionally SHCOMP jumped
+3.13% today as Beijing published guidelines for economic reforms that supports
the financial mkt, HSCEI +1..90%, HSI +0.37%, NIKKEI +0.68%. In the local
scene, TRADING/SERVICES lost the most
grounds weighed by TENAGA -2.23%, MISC -2.10%, MAXIS -1.41%. Market breadth was
negative as losers beat gainers by 406 : 360. Futures closed at 1809 (parity).
2) Heavyweights : TENAGA -2.23% RM 13.98, PETGAS -5.87%
RM22.10, IOICORP -2.10% RM4.19, PPB -2.86% RM15.60, MISC -2.10% RM8.36, MAXIS
-1.41% RM6.99, PBBANK -0.31% RM19.18, CIMB +0.84% RM6.00.
3) DBT: TMS 4.305mil @ RM0.065, AIM 3.53% RM0.18, VIS
3mil @ RM0.33
4) Situational:-
HIBISCS -0.64%
RM0.77 - Hibiscus Petroleum Bhd's (Hibiscus Petroleum) jointly-controlled
entity, Lime Petroleum Norway AS (Lime Norway) will take part in the drilling
of a wildcat exploration well in the Zumba prospect in PL591 in the Norwegian
Sea later this month. The well, designated as 6507/11-11, will be drilled using
Ocean Rig's semi-submersible Leiv Eiriksson in water depth of 272 metres in the
Halten area of the Norwegian Sea, about 14.0km south-east of the Heidrun
platform. Tullow Oil Norge AS1 (Tullow) is the operator of the licence.
5) STAR
1Q Mar 2015 Tover
RM217.4m Net +62% RM26.5m EPS 3.6sen
28%
below cons(f) RM146.5m
Group revenue in 1Q 2015 increased marginally mainly due
to higher revenue contribution from the Event, exhibition, interior and
thematic segment.
Print and Digital - Print and digital revenue contracted
by 0.3% mainly due to lower print circulation and digital revenue. Overall
advertising expenditure has been affected by poor consumer sentiments . Efficiency improved partly due to its
Voluntary Separation Scheme in the 1stQ 2014.
Event, exhibition, interior and thematic -Revenue for
this segment increased to RM38.09 million from RM30.92 million mainly due to
higher exhibition and thematic segment revenue recognised by Cityneon in the
current quarter under review. Higher direct cost and lower profit margin
especially by Cityneon has resulted in a loss before tax amounting to RM5.29
million in this segment.
Despite it continued decline in print media, some
excitement is expected this year from the Group's recent ann acquisition via
its exhibition arm, Cityneon to buy Victory Hill Exhibitions Pte Ltd . VHE holds the rights to provide exhibition
services to Marvel until May 2017. Hold.
Market - Maintain current range ahead of 11th Malaysia
Plan announcement on21 May.
