FBMKLCI
1694.64 -30.92pts
(-1.79%) Volume 1.652b Value RM 2.021b
1) The KLCI slumped today closing at its day low after
selective bluechips namely, TENAGA -3.39%, AXIATA -4.50%, DIGI -3.70% weighed
on the index. Regional bourses were mostly lower led by ASX - 1.13% after
banking and mining giants slipped, SHCOMP -0.89%, HSI -0.57%, KOSPI -0.81% fell
into the red ahead of US jobs data tonight. TECHNOLOGY -2.11% index lost the
most grounds weighed by JCY -4.00%, INARI -2.38%, GTRONIC -2.64% followed by
CONSTRUCTION -2.03% index which was dragged by heavyweights GAMUDA -2.74%, IJM
-2.02%, MUHIBBAH -4.82%. Market breadth was negative as losers towered over
gainers by 686 : 187. Futures closed at 1679pts (16pts discount).
2) Heavyweights : TENAGA -3.39% RM11.38, AXIATA -4.50%
RM6.14, DIGI -3.70% RM5.20, SIME -2.50% RM8.57, MAYBANK -1.30% RM9.07, IOICORP
-3.50% RM4.13, MAXIS -2.65% RM6.61, PBBANK -0.73% RM19.00.
3) DBT: KSTAR
5.53mil @ RM0.10, MTRONIC 2.40mil @ RM0.10, ACOSTEC 1.897mil @ RM0.62
4) Situational:-
WPRTS +1.19%
RM4.24 - Westports Holdings Bhd has got the government's approval to raise the
tariffs for containers by 15% under phase one, taking effect from Sept 1, 2015
and another 15% under phase two in 2018. Phase one entailed an average
approximate increase of 15% on key container tariff items, particularly terminal
handling charges (THC), which will take effect on Sept 1, 2015. Another average approximate increase of 15%
would be implemented in Phase Two on Sept 1, 2018.
5) PETDAG
1H June 2015
Tover -25% RM12.6bn Net +40.6%
RM479m EPS 48.2sen
31% above cons(f) RM731m
Group revenue for the period was lower mainly as a result
of a decrease in average selling price by 20%
coupled with a decrease in sales volume by 6%. The decrease in Higher
earanings are as a result of lower operating expenditure by RM107.0
million, The reduction in operating
expenditure was mainly due to variation in yearly bonus payment resulting in
lower manpower expenses for the current period
compared to corresponding period
last year. In addition, lower advertising
and promotions expenses and other
cost reduction efforts had further contributed to the lower operating
expenditure.
+ve but fairly valued at current levels.
6) Market - Selling pressure likely to persist led by
weakening currency and dwindling reseves numbers. Immediate support of 11680pts
could be tested as strategist continue to downgrade the RM to above RM4.00/USD.