FBMKLCI
1718.12 -8.74pts (-0.51%) Volume 1.445b Value RM1.974b
1) The KLCI closed
lower on a wave of selling amongst the CI bluechip led by TENAGA -4.25% after
news of the group taking over 1MDB's Project 3B power plant. The CI was inline
with the weaker region as SHCOMP -3.67% led in losses dragged by Banking heavy weights
as the IPO-heavy day pressed market liquidity, ASX -1.26%, NIKKEI -1.13%, STI
0.77%, HSI -0.22%. INDUSTRIAL lost the most ground weighed by MISC -4.94%,
LAFMSIA -1.33%, GAB -0.96% while the CONSUMER +0.57% gained helped by bluechips
PPB +2.01%, BAT +1.34%, CARLSBRG +1.69%. Market breadth was neutral as gainers
and losers were even 380 : 369. Futures closed at 1699 (19pts discount).
2) Heavyweights : TENAGA -4.25% RM12.60, MISC -4.94%
RM7.89, GENTING -2.50% RM8.19, PCHEM -1.15% RM6.00, MAYBANK +0.43% RM9.24,
PBBANK +0.31% RM18.84, PPB +2.01% RM15.22, KLK +1.42% RM21.40.
3) DBT: ALAM
19.4mil @ RM0.55 (2.09% PUC), GDEX 3mil @ RM1.28 (7.03% discount), HIBISCS 3mil
@ RM0.69.
4) Situational:-
TENAGA -4.25%
RM12.60 - Tenaga Nasional's share price fell to a low of RM12.36 on news that
it had received approval to take over the 2000MW coal-fired power plant, known
as Project 3B. 1MDB will sell its entire 70% stake in Project 3B, a $3.6
billion greenfield 2,000 megawattcoal-fired plant, to national utility Tenaga
Nasional Bhd, a Malaysian minister said on Thursday.
TNB has since clarified this evening that it has yet to
receive any official notification from the Government in relation to TNB's
takeover of Project 3B from 1MDB.
5) BJToto
FYE Apr 2015 Tover +22% RM5.29bn Net +9.3% RM360.1m EPS 26.7sen
In line
with cons (f) RM362m
The increase in revenue was mainly attributed to the
consolidation of H.R.Owen's 12-month results in the current year versus 6-month
results consolidated in the previous financial year. The increase in pre-tax
profit was mainly attributed to the refund of RM18.0 million stamp duty paid
pursuant to the rescission of the share purchase agreement (resulted from the
aborted listing of Sports Toto Malaysia Trust on the Singapore Exchange).
As compared to previous financial year, Sports Toto
recorded a drop in revenue of 4.3% mainly due to the continued challenging
economic and regulatory environment coupled with current financial year had
less number of draws. The drop in pre-tax profit of 2.0% was mainly due to
higher operating expenses incurred in the current financial year mitigated by
lower prize payout.
It declared a final div of 5sen bringing full year payout
to 21.5sen or 6.5% yield.
Despite the current challenging environment we expect the
stock to remain well support around current levels based on its attractive
yield.
6) Market - The continued selling in blue chips could see
the KLCI test the psychological level of 1700pts in the near term given the
overall uncertainty all round.