FBMKLCI
1747.52 -8.04pts (-0.46%) Volume 2.234b Value RM3.693b
1)
The KLCI closed lower amid the weaker Ringgit (RM3.6625) as 1MDB issues cont to
dominate headlines while mix global market turn cautious amidst a mixed set of
US economic data & Greece debt overhang. Regional bourses were mixed as the
SHCOMP -0.18%, HSI -0.11%, STI -0.99% closed lower whilst the ASX gained
+1.12%. In the local scene, selective names saw an uptick in volume following
the newly released Shariah list today, names incl IOICORP -1.48%%, HLI -3.43%
fell after it was removed, while SKPETRO +0.76%, MALAKOFF +0.56%%, EDGENTA
3.33%, WELLCAL +3.42% were some of the prominent additions. Other highlights
incld heavyweights like UEMS -0.96%, PBBANK -2.42%, WPRTS +0.46% which will
face changes in weightage from the MSCI rebalancing today. Market breadth was
negative as losers beat gainers by 424 : 369. Futures closed at 1740 (7 pts
discount)
2)
Heavyweights : PBBANK -2.42% RM18.50, SIME -2.00% RM8.32, MAYBANK -0.87%
RM9.03, IOICORP -1.48% RM3.99, DIGI -0.88% RM5.61, KLK -1.42% RM20.70, BAT
-1.55% RM62.00, RHBCAP +3.35% RM7.70.
3)
DBT: SUNWAY 15.699mil @ RM3.40, ECONBHD 10mil @ RM1.07 (1.86% PUC), YINSON
4.2mil @ RM2.95 (7.9% discount).
4)
Situational:-
UEMS
-0.96% RM1.03 - UEM Sunrise Bhd has cancelled its MoU with Chinamall
Holdings Pte Ltd (CHPL) to co-operate in the development of a trade and
exhibition centre in Gerbang Nusajaya, Nusajaya. UEM Sunrise has communicated
to CHPL that it wishes to terminate the MOU on the basis that both parties have
not been able to make any significant headway for the project. The deal was
signed in late 2012, to develop the Asian Trade Centre development.
5) HOVID
9mths Mar 2015 Tover +7.3% RM145.7m
Net +22.4% RM16.4m EPS 2.15sen
In line with cons (f) RM21.7m
The Group's revenue for the current period amounting to RM145.7
million was 7.5% higher as compared to the previous
financial period of RM135.5 million due to improved productivity
and increase in orders.
The Group's pre-tax profit was RM21.2 million for the current
period, an increase of 20.0% as compared to previous
financial period of RM17.6 million, mainly due to increase in
sales, gain on disposal of BPPL (amounted to RM1.365m)and higher
foreign exchange gain arising from the stronger USD.
Company to continue to benefit from strong USD as sales exceed USD
cost. Major earnings gain from improved capacity will start to trickle in 2H
this year with the completion of the 1st Phase of its tablet
facility. Full capacity will only impact FY17 results. Hold.
6) Market – YTD the KLCI -0.8% is one of the worst performing
markets in the region. Domestic issues and no immediate catalyst could see Msia
continue to lag. Range bound btw 1730-1800pts for the interim.
