FBMKLCI
1726.86
-5.90 (-0.34%) Volume 1.732b Value
RM1.680b
1)
The KLCI saw sideways trading before closing at low of the day despite the
stronger Wallstreet overnight amid Greek optimism. Region bourses were mostly
positive led by SHCOMP +2.19% which erased earlier losses to lead in gains
following better flash PMI index, followed by NIKKEI +1.87%, ASX +1.32%, HSI
+0.93%, STI +0.75%. Local stocks fell as PLANTATION index led in losses weighed
by heavyweights KLK -1.84%, IOICORP -0.49%, GENP -1.00%. Penny stocks
recaptured some interest as KNM +10.18%, PERISAI +5.49%, FRONTKN -1.78%,
DESTINI +2.32% were amongst the most active. Market breadth was neutral as
losers were level with gainers at 407 : 397. Futures closed at 1720.5 (6pts
discount).
2)
Heavyweights : MAYBANK -0.64% RM9.28, CIMB -0.89% RM5.55, KLK -1.84%
RM21.34,SKPETRO -1.62% RM2.42, TENAGA -0.30% RM13.06, GENTING -0.72% RM8.18,
PPB +1.44% RM15.00, YTL -1.29% RM1.53.
3)
DBT: FRONTKN 290.991mil @ RM 0.188 (27.623% PUC @ 32% discount), SALCON
8.522mil @ RM0.81 (1.25% PUC), YINSON 1.92mil @ RM3.10.
4)
Situational:-
HANDAL
+4.34% RM0.36 - Handal Resources Bhd and independent oil and gas company MEO
Australia Ltd have terminated their partnership formed to pursue a risk service
contract agreement with Petroliam Nasional Bhd. The offshore crane fabricator
told Bursa Malaysia that both parties decided not to pursue the
collaboration, entered into in July 2013, due to the current local market
condition and Petronas’ deferment of RSC for marginal fields.
5)
Prolexus
9mths
Apr 2015 Tover +12% RM230.3m Net +12.5%
RM14.4m EPS 13.4sen
Revenue
of the Group is higher when compared YOY is attributable to higher
revenue in apparel and
advertising
division. Earnings are similarly higher due to the same reasons plus a
higher fair value gain on derivative financial instruments. During the 3rd
quarter, the Group recognised a gain of RM 2.23m arising from fair value
changes on derivative financial instruments.
+ve
as the company continues to ride of the strong apparel sales of Nike and more
recently UA, however valuations are looking fair at current levels and further
upside rerating may only come should the company be able to turn in a stronger
4th qtr. Hold
6)
Market – We continue to expect the KLCI to be well supported around the 1730pts
levels ahead of 1H closing.