FBMKLCI
1699.70 -10.06pts (-0.59%) Volume 2.141b Value RM 2.251b
1) The KLCI broke below the 1700pts psychology following
the cabinet reshuffle which weighed on market sentiments today. Regions were
mostly lower inline with the weaker Western market overnight as SHCOMP -1.68%,
STI -0.83%, NIKKEI -0.10%; HSI however
erased earlier losses to close +0.62% following yesterday's steep
losses. CONSTRUCTION -1.38% index lost
the most grounds amongst the sectors dragged by IJM -1.59%, GAMUDA -1.50%, WCT
-2.17%, SENDAI -2.56%. Market breadth was largely negative with gainers towering
over losers by 726 : 197. Futures closed at 1691pts (8pts discount).
2) Heavyweights : MAYBANK -0.873% RM9.08, MISC -3.45%
RM7.55, PBBANK -0.63% RM18.78, DIGI -1.47% RM5.35, KLK -2.44% RM21.58, AXIATA
-0.94% RM6.30, MAXIS -1.52% RM6.48, WPRTS -5.00% RM3.80.
3) DBT: SUNSURIA
12mil @ RM1.10 (1.63% PUC @ 18.9% premium), SKPRES 10mil @ RM1.50, TAKASO
7.7mil @ RM0.5799 (3.76% PUC @ 10.4% premium).
4) Situational:-
SUNCON 0.00% RM1.20 - Shares in Malaysia's Sunway
Construction Group rose as much as 10% on their market debut before
closing just off best at its IPO price
with over 158mil traded in the market. The IPO was priced at the top of an
indicative range, with investors betting the firm is poised to win business as
the government invests heavily to upgrade the country's transport
infrastructure
5) GTRONIC
1H June Tover
+2.1% RM177.7m Net +16% RM36.5m EPS 12.5sen
In line
with cons (f) RM77.4m
For the period under review, the Group recorded a revenue
and net profit of RM177.7 million and RM35.1 million as compared to RM174
million and RM31.4 million respectively in the corresponding period last year
(2% and 12% increase respectively).
The higher net profit achieved was mainly due to higher
volume loadings from some of the Group's customers, better economy of scale
coupled with productivity improvement/cost control programme carried out in the
Group.
Expect 2H numbers to improve significantly with vol
loading of the new imaging sensor which will be the primary driver for its
growth in 2016 with sensor products prominence set to hit 60% of group revenue
in 2016. Hold
6) Market - Today's political turn of event is likely to
send investors further back into a defensive stance. Cautious range bound
trading to prevail as market digest the latest situation.