FBMKLCI
1727.96 +21.32 (+1.25%)
Volume 1.942b Value RM2.174b
1) The KLCI surged +1.25% today after Fitch rating agency
revised Malaysia's outlook to stable from negative giving the Ringgit a much
needed boost. Regional bourses were mixed as most major bourses gained despite
Greek drawing closer to a default after it missed its repayment to IMF, NIKKEI
+0.46%, ASX +1.04, STI +0.20% while SHCOMP -5.23% after PMI manufacturing data
missed estimates. CONSTRUCTION +2.33% index gained the most grounds today as
index heavyweights, IJM +3.83%, GAMUDA +2.78%, MUHIBBAH +3.96% boosted the
index. Market breadth was largely positive with gainers outpacing losers by 678
: 192. Futures closed at 1735.5 (7.5pts premium).
2) Heavyweights : DIGI +3.17% RM5.53, MISC +5.31% RM8.13,
IHH +3.90% RM5.85, TM +3.67% RM6.78, SIME +1.76% RM8.67, CIMB +1.28% RM5.54,
PBBANK +0.64% RM18.84, TENAGA +0.79% RM12.74.
3) DBT: IDMENSN 50mil @ RM0.01 (10.10% PUC), XINQUAN 5mil
@ RM0.42 1.47% PUC), HUPSENG 3mil @ RM1.20, YINSON 0.7mil @ RM3.05.
4) Situational:-
YONGTAI +3.22% RM0.48 - Garment maker Yong Tai Bhd has
entered into two share sale agreements with Extreme Riches Sdn Bhd to dispose
its loss making subsidiaries, namely Golden Vertex Sdn Bhd and The Image Outlet
Sdn Bhd for RM10.2 million. The disposal
is expected to be completed by the third quarter of 2015. The disposal is part
of the group's strategic business rationalisation plan to concentrate on its
new core business in property development.
5) IHH
Board of Directors of IHH wishes to announce that M&P
Investments Pte Ltd (“M&P”), an indirect wholly-owned subsidiary of IHH,
had on 1 July 2015, received the Business Licence from Shanghai Administration
for Industry and Commerce, for the establishment of a 70% owned sino-foreign
equity company named ParkwayHealth Shanghai International Hospital Company
Limited (“PHSIH”). The remaining 30% equity stake in PHSIH is owned by Shanghai
Hongxin. The validity period of the licence is from 29 June 2015 to 28 June
2035.
The registered capital of PHSIH is RMB455,000,000
(equivalent to RM274,365,000), of which M&P contributed a cash subscription
of RMB318,500,000 (equivalent to RM192,055,500) and Shanghai Hongxin
contributed a cash subscription of RMB136,500,000 (equivalent to RM82,309,500).
The principal activity of PHSIH is the provision of medical and health related
facilities and services, including multi-specialty hospital’s outpatient,
inpatients, operating theatres, radiology departments, laboratory, diagnosis
room, pharmacies, food and beverage facilities, conference or function areas,
business centers, retail establishments, automobile parking facilities and all
other hospital facilities that are operated in connection therewith.
+ve for its long term expansion plans as it moves into a
new market segment. Hold
6) Market: with the bottom in place after a 5-wave
correction from April’15, the technical bounce will continue towards its
retracement levels of KLCI 1757-1778 levels.
