FBMKLCI
1720.76 -1.68pts (-0.10%) Volume 1.749b Value RM1.502b
1) The KLCI extended its losing streak to 3 consecutive
day inline with the weaker US after another round of weak earnings weighed on
sentiments. Regions were mostly lower as SHCOMP -1.29% reversed earlier gains
to close in the red after China reported weaker PMI data for the month, HSCEI
-1.31%, HSI -1.06%, NIKKEI -0.67%, ASX -0.43% all closed lower. TECHNOLOGY
index continue to trend higher boosted by VITROX +4.11%, GTRONIC +1.68%, UNISEM
+1.28% on weaker Ringgit, while INDUSTRIAL -0.42% index lost the most grounds
weighed by heavyweights PCHEM -1.70%, CMSB -1.92%, PETGAS -0.18%. Market
breadth was neutral with even gainers and losers 424 : 416. Futures closed at
1716pts (4pts discount).
2) Heavyweights : PCHEM -1.70% RM6.33, GENM -1.16%
RM4.25, TM -0.89% RM6.63, IOICORP -0.70% RM4.22, DIGI +1.31% RM5.38, MAYBANK
+0.43% RM9.23, PPB +2.26% RM15.38, SIME +0.47% RM8.48.
3) DBT: TECFAST 7.562mil @ RM0.19 (4.84% PUC @ 12%
discount), JAKS 6mil @ RM0.95 (1.36% PUC @ 5% discount), TAKASO 5.7mil @ RM0.52
(2.79% PUC), CHINWEL 3.1mil @ RM1.65 (1% PUC)
4) Situational:-
TAHPS +5.92% RM8.05 - TAHPS Group Bhd has three projects
in the pipeline with a gross development value (GDV) of RM600 million in Bukit
Puchong that will be launched in phases. In total the group has 700 acres of
landbank in Bukit Puchong worth some RM10 billion in GDV that can last the
group for over 10 years. Its group CEO Tan Seng Chye said the three projects
consist of shoplots (RM130 million GDV), 250 units of condominium cum villas
(RM170 million GDV) and small office and home office units (RM300 million GDV),
adding that one of the launches could happen this year.
5) MAH SING
The company has guided a sales target of RM300 million
for this year from its Penang properties as the take-up rate of the company's
projects continue to be healthy and the company is confident of achieving the
target.
Projects in Penang included the Ferringhi Residence condo
villas, the integrated development of Southbay city and three-storey resort
bungalows in Lagenda@Southbay. They will be able to contribute about 11 per
cent to our group total sales this year.
The group still has about 33 hectares of undeveloped land
in Penang which will last them about five to eight years.
6) Market - Firm support remains at the 1680pts levels
with the week ahead likely to see further consolidation below the 1750pts
levels.