FBMKLCI
1596.82 -24.80pts
(-1.53%) Volume 2.009b Value RM 2.195b
1) The KLCI fell below 1600 today inline with the weaker
US market overnight as the local currency slump continue to force foreign funds
to retreat. Region bourses were mixed as investors weigh on the Yuan
devaluation and falling commodity prices; NIKKEI -0.37%, ASX -0.38%, HSI 0.12%
while the SHCOMP +0.27%, STI +0.73%. Broad market faced selling pressure as the
TECHNOLOGY -2.79% index lost the most
grounds dragged by INARI -2.86%, UNISEM -4.52%, MPI -4.07% followed by the
CONSTRUCTION -1.85% index weighed by IJM -2.06%, GAMUDA -1.14%, WCT -4.03%.
Market breadth was negative as losers outpaced gainers by 782 : 148. Market
futures closed at 1582.5pts (14pts discount).
2) Heavyweights : MAYBANK -3.60% RM8.29, TENAGA -2.5%
RM10.58, SKPETRO -7.65% RM1.93, CIMB -2.16% RM4.97, AXIATA -1.69% RM5.81, BAT
-3.53% RM60.00, PBBANK -0.54% RM18.20, GENTING -1.57% RM7.50.
3) DBT: TMS
59.35mil @ RM0.1841 (13.64% PUC), TAKASO 24.1mil @ RM0.55 (11.77% PUC), RAYA
6mil @ RM0.13
4) Situational:-
GAMUDA -1.14%
RM4.30 - Gamuda Bhd has been appointed as the Project Delivery Partner (PDP) to
oversee and realise certain key components in the RM27.0b Penang Transport
Master Plan (PTMP). The group has recently received the letter of award from
the state government following a state executive councillor meeting, which
endorsed the appointment.
5) GUINESS
FYE June 2015 Tover +8.7% RM1.75bn Net +8% RM214.2m EPS 70.9c
In line
with cons(f) RM216m
Group revenue for the 12 months ended 30 June 2015 grew
by 8.6%. This was driven by overall strong performance due to market recovery
and Government's effective measures against contraband beers.
In addition to increasing investments in brand building,
GAB stepped up focus in innovation to meet changing consumer needs. New
variants of cider i.e. Strongbow Gold, Strongbow Elderflower and Strongbow
Honey were successfully launched.
The Company also optimised value beer opportunities in
light of low consumer Sentiment.
It declared a final div of 51c resulting in a full year
payout of 71c or 5.5% yield.
Hold for decent yield on a sustainable business model.
6) Market - The breach below the psychological support of
1600pts today has further shaken confidence in the local bourse. If the CI is
unable to reclaim these levels early next week then a further sell down towards
the 1540pts levels is likely.
