FBMKLCI
1587.12pts +4.27pts
(+0.27%) Volume 2.007b Value RM 1.706b
1) The KLCI erased earlier losses to close in positive
territory inline with the stronger region led by Chinese stocks after
government hinted of more efforts to support its market. Regions were mostly
higher led by HSI +3.28%, SHCOMP +2.92% boosted by banking and brokerage names,
HSCEI +4.13%, ASX +1.69%, STI +1.21% while the NIKKEI slumped 2.43%. FINANCE
+0.93% index gained the most grounds today helped by MAYBANK +2.38%, PBBANK
+0.45%, HLFG +1.01%, AMBANK +0.93% while penny names gained on renewed interests,
namely MIECO +13.26%, AIRASIA +7.56%, YONGTAI +7.14%, HOMERIZ +6.87%. Market
breadth was positive as gainers led losers by 547 : 243. Futures closed at
1582pts (5pts discount).
2) Heavyweights :
MAYBANK +2.38% RM8.58, PBBANK +0.45% RM17.86, DIGI +0.97% RM5.18, BAT +2.06%
RM61.26, YTL +1.92% RM1.59, SKPETRO +2.35% RM1.74, SIME -2.30% RM7.20, GENTING
-1.85% RM6.88.
3) DBT: INGENCO 29mil @ RM0.10 (3.04% PUC), XDL 3mil @
RM0.15
4) Situational:-
TMS +3.57% RM0.145 - The Media Shoppe Bhd's unit, Exonion
Sdn Bhd has entered into a managing contract agreement with Total Merit Sdn Bhd
for RM192.0m to develop a 12.1407-hectare land in Kemaman, Terengganu. As the
managing contractor, the company will be providing professional project
management facilities for the development of the land into a mixed development
project, it said. The project involves the construction of 43 units of
two-storey shop lots or offices, five blocks of twelve-storey apartments, one
block of eleven-storey affordable apartment and amenities.
5) GEORGE KENT
Company has received a Letter of Award from Water
Supplies Department , Hong Kong for the supply and delivery of 600,000 units of
water meters, The water meters to be supplied to WSD, over the next two years
are the DN15 Brass PSM-Ts, and worth a total sum of US$7.17 million. This
securing of the contract gives the Group a timely boost as it further
consolidates its position as one of the major water meter suppliers in the
region and beyond, with current market reach surpassing 40 countries. The
meters will be delivered in 24 batches with the first shipment to commence in
October 2015.
Just last Fri Prasarana ann the appointment of the JV btw
MRCB 50% : G Kent 50% as its PDP for the RM9bn LRT3 project set to start in
early 2016 till Aug 2020. +ve
6) Market - maintain current range with direction largely
dictated by the major markets in China, US and Europe.
