FBMKLCI
1755.05 -9.02pts (-0.51%) Volume 1.781b Value RM2.190b
1)The KLCI closed 0.51% lower inline with the weaker US
market overnight as the USD spiked against most of its counterparts amid
improving US data fuelling expectations of an earlier rate hike. Region bourses
were mostly lower as the STI -0.93% ASX fell -0.83%, HSI -0.60%, HSCEI -0.68%;
SHCOMP however recovered to close in positive territory after IPI data beat
consensus. In the local scene, PLANTATION -1.64% index lost the most grounds
weighed by heavyweights KLK -3.93%, IOICORP -1.48%, FGV -4.47% following weaker
CPO prices. Market breadth was negative as losers beat gainers by 506 : 274.
Futures closed at 1753.5 (1.5pts discount).
2) Heavyweights : PBBANK -1.15% RM18.78, KLK -3.93%
RM20.98, IHH -2.37% RM5.75, DIGI -1.55% RM5.70, SIME -0.93% RM8.49, GENTING
-1.26% RM8.60, MAXIS +0.58% RM6.89, TENAGA +0.75% RM13.40.
3) DBT: SUNWAY 15mil @ RM3.47, BARAKAH 7.7mil @ RM0.85,
ECONBHD 5mil @ RM1.10.
4) Situational:-
WZSATU +0.59% RM1.69 - WZ Satu Bhd's wholly-owned
subsidiary KenKeong Sdn Bhd has secured a subcontract to construct and complete
part of the West Coast Expressway Section 9 mainline works, worth RM498.9m. The
contract, awarded by IJM Construction Sdn Bhd, covers works between Kampung
Lekir Interchange and Changkat Cermin Interchange. The project will be
undertaken by WZS KenKeong and Laksana Amanbina Sdn Bhd through an
unincorporated joint venture on a basis of 80:20. The total length of the
expressway to be constructed is 28km.
5) Malakoff
1Q Mar 2015
Tover RM1.35bn Net RM103.9m EPS 2sen
In line
with cons(f) RM400m
The revenue and earnings for the current quarter was
higher as compared to the corresponding quarter of the preceding year mainly
due to higher capacity factor registered by Tanjung Bin Power Plant and the
consolidation of Port Dickson Power's profits pursuant to the completion of its
acquisition in April 2014.
Neutral as strong immediate buying support seen around
the RM1.60 levels (with prospective yield of 5%) but catalyst will depend on
securing new projects at a decent ROI and renewal of existing PPA.
6) Market - RM to remain the lead indicator of immediate
term market direction as investors stay cautious with fears of possibly
retesting recent lows of RM3.74/USD.
