FBMKLCI
1721.77
+3.65pts (+0.21%) Volume 1.720b Value
RM2.423b
1)
The KLCI traded throughout the day in positive territory on consistent buying
of selected heavyweight stocks. Regional bourses closed in the green with ASX
+1.31%, NIKKEI +0.92% HSI +0.25% helped by the dovish statement from the FED
but was overshadowed by SHCOMP -6.36% suffering its biggest weekly drop in 7
years on fresh tightening moves on margin lending. TECHNOLOGY gained the most
grounds propelled by OMESTI +11.82%, ELSOFT +4.42%, GTRONIC +0.81%. Market
breadth was positive as gainers outpaced losers 489 : 299. Futures closed at
1714.5 (7pts discount).
2)
Heavyweights : TENAGA +2.06% RM12.86, MISC +3.29% RM8.15, SIME -1.16% RM8.50,
MAYBANK +0.65% RM9.30, SKPETRO -2.83% RM2.40, HLBANK +2.38% RM13.78, PBBANK
+0.32% RM18.90, GENM -1.43% RM4.15.
3)
DBT: ECOWLD 152.0mil @ RM1.53 (6.43% PUC @ 2.55% discount), GDEX 7.0mil @
RM1.35 (3.70% discount), TADMAX 5.0mil @ RM0.34 (2.94% discount), YINSON 4mil @
RM2.95 (4.22% discount), GTRONIC 2.5mil @ RM6.02 (3.68% discount)
4)
Situational:-
TAMBUN
+1.79% RM1.70 - is acquiring 19.05 acres in Kota Permai, Bukit Mertajam, for
RM39.42 million and increased its land bank to 472 acres which would sustain
the Group for approximately six to seven years. TILB managing director Ir. Teh
Kiak Seng commented that the land acquisition in Kota Permai was timely as the
mainland Penang property market held tremendous potential for growth in tandem
with the increasing number of infrastructure initiatives and key manufacturing
and services sector investments.
5)
SALCON
Envitech
Sdn Bhd, a 60% owned subsidiary of Salcon Engineering Berhad, which in turn is
a wholly-owned subsidiary of the Company, had accepted the Letter of Award
dated 15 June 2015 issued by Perunding Majucipta Sdn Bhd for the Design,
Obtain Approval and Build for Conversion of an Existing Aerated Lagoon into a
60,000 PE STP and an Existing STP into a 50,000 PE Pumping Station, Forced
Main, Installation of Two Associated Temporary STPs, and Carting Away the
Temporary STPs on Completion for M/s Orient Housing Development Sdn Bhd,
Infinite Accomplishment Sdn Bhd, Desaria Home Sdn Bhd, C&G Maxim Sdn Bhd,
Meridian Maxim Sdn Bhd and BKSC Properties Sdn Bhd
The
contract duration is for 65weeks with contract sum totalling RM24.35m.
+ve.
Adds to its strong orderbook of RM700m with catalyst from its fibre optic
concession. Trades at 10xFY16 PER. Accumulate
6)
Market – With the Greece issue expect to drag, uncertainties will continue to
over shadow markets especially here in Msia the Fitch credit rating looming.
Short term however today’s bounce in blue could be further sustained by main
local funds for 1H closing.