FBMKLCI
1601.70 +21.33pts
(+1.35%) Volume 2.105b Value RM 2.316b
1) The KLCI continued its uptrend breaching the 1600pts
resistance with ease following the stronger US market overnight which gained on
Fed member's dovish statements. Region bourses were mostly higher led by SHCOMP
+5.34%, HSCEI +4.62%, HSI +3.60% after authorities intervened followed by STI
+2.52%, ASX +1.17%, NIKKEI +1.08%. Broad market advanced on reversing
technicals following the selldown as the TECH Index +2.40% gained the most
grounds boosted by INARI +2.95%, MPI +4.76%, GTRONIC +2.32%, GHLSYS +3.84%.
Market breadth was positive with gainers beating losers by 726 : 206. Futures
closed at 1606pts (4pts premium).
2) Heavyweights :
CIMB +3.60% RM4.88, MAYBANK +1.76% RM8.65, TENAGA +1.63% RM11.20, PBBANK +1.00%
RM18.02, MAXIS +2.47% RM6.62, PCHEM +2.22% RM5.97, AMBANK +3.87% RM4.56,
SKPETRO +5.22%.
3) DBT: DESTINI 67.831mil @ RM0.58 (8.395% PUC), MAGNA
23.035mil @ RM0.7954 (6.92% PUC @ 18.9% discount), TROP 15mil @ RM0.88 (1.03%
PUC).
4) Situational:-
TENAGA +1.63%
RM11.20 - Tenaga Nasional Bhd (TNB) has signed a supplemental power purchase
agreement (PPA) with Jimah East Power Sdn Bhd following its RM47.0m purchase of
1Malaysia Development Bhd's 70.0% stake in the power plant. TNB said the
supplemental PPA would have commercial operation dates of June 15, 2019 and Dec
15, 2019 respectively. It governs the obligations of the parties to sell and
purchase the daily available capacity and, to the extent despatched, the net
electrical output generated for 25 years.
5) BUMI ARMADA
1H June 2015
Tover RM1.031bn Net
(RM219.5m) EPS (3.7sen)
(f) RM418m
The Group reported
a net loss of RM291.5 million, as it took a non-cash impairment charge of RM383.7 million (including an impairment of a non-core asset at a joint venture).
Excluding the impairment charge, the Group would have
posted an adjusted net profit of RM84.8
million. The impairment charge was made pursuant to MFRS 136 "Impairment
of Assets", and relates mainly to the write down of the carrying value of
certain vessels in the T&I and OSV
business units, and a non-core asset held at a joint venture, in light of the
weak outlook for the oil and gas sector. In addition, the charge includes a
write down of the Group's available-for-sale financial assets.
First half 2015 (1H 2015) revenue of RM1,031.2 million
was 2.6% lower than the corresponding period in 2014. The decline in revenue
was due primarily to lower utilisation of the vessels under the OSV and T&I
business units.
The Group has an outstanding order-book of RM25.8
billion, with potential extension options worth RM13.3 billion.
6) Market - The KLCI is likely to turn more cautious
ahead of the Merdeka long weekend where political rallies have been planned
hence a consolidation btw 1580-1610pts would be expected.