FBMKLCI
1732.76 +10.99 (+0.64%) Volume 1.540b Value RM1.820b
1) The KLCI
continued its resilience following a strong rebound amongst bluechips led by
TENAGA +1.86% after further details were revealed justifying its involvement in
the 3B power plant. Region bourses were mostly stronger led by the HSCEI
+1.50%, NIKKEI +1.26%, HSI +1.20%, STI +0.61% as China closed for a holiday. In
the local scene, TECHNOLOGY +1.58% index gained the most grounds today boosted
by JCY +5.03%, INARI +1.82%, GHLSYS +4.63%, UNISEM +1.26% while bargain hunting
continue to boost volume amongst trading names such as AIRASIA+1.83, DOLPHIN
+14.76%, KNM +0.93%. Market breadth was positive with gainers outpacing loser
by 561 : 238. Futures closed at 1734 (2pts premium).
2) Heavyweights : TENAGA +1.86% RM13.10, CIMB +1.26%
RM5.60, IHH +1.75% RM5.80, PCHEM +1.33% RM6.09, SKPETRO +2.50% RM2.46, GENTING
+1.22% RM8.24, MAYBANK +0.43% RM9.34, DIGI +2.43%.
3) DBT: TIGER
3.1mil @ RM0.105, GBGAQRS 3mil @ RM1.18, BARAKAH 2mil @ RM0.95, ASIABRN
1.332mil @ RM1.80
4) Situational:-
KNM +0.93% RM0.54
- KNM Group Bhd's wholly-owned unit, Splendid Investments Ltd, is setting up a
multicurrency medium-term note programme of an initial size of up to S$300
million (RM838.8 million). The Labuan-incorporated Splendid Investments was
formed to provide funding and treasury services for KNM and its subsidiaries
that mainly manufactures oil and gas-related equipment. KNM said the notes
issued under the programme were unrated, would be unconditionally and
irrevocably guaranteed by the company and might be listed on the Singapore
Exchange or any other stock exchange.
5) TA ANN
The company entered into two Joint Venture Agreements
with Pelita Holdings Sdn Bhd for the purpose of setting up Joint Venture
Companies, to implement oil palm development projects in partnership with the
Sarawak State Government and NCR Owners over the parcels of NCR land situated
at Kanowit Block C, Kanowit, Sibu Division, Sarawak containing in the aggregate
a gross area of 17,017 hectares, of which an estimated 10,210.20 hectares are
plantable area; and the parcels of NCR land situated at Confluence of Batang
Rajang/Batang Baleh, Kapit Division, Sarawak containing in the aggregate a
gross area of 11,178 hectares, of which an estimated 6,706.80 hectares are
plantable area. Ta Ann will hold 60% of the Jv with the balance under PHSB and
NCR.
The JVAs will enable the Group to further increase its
total acreage of oil palm plantations.This is in line with the Group's aim of
continually expanding its oil palm division to achieve greater economies of scale
and to broaden its earnings base.
6) Market - The 1H closing action by main local funds
will overshadow external and domestic issues for the time being and could
present a window to trim some outperformers and restructure portfolio for the
2H.