FBMKLCI
1716.82pts +3.57pts
(+0.21%) Volume 2.576b Value RM 2.225b
1) The KLCI closed marginally higher, inline with the
stronger global market as the US market led the region higher. Regional bourses
were mostly higher, SHCOMP +1.60%, NIKKEI +1.08%, HSCEI +0.80%, ASX +0.73%, STI
+0.61%. TECHNOLOGY +0.91% outperformed today buoyed by JCY +2.85%, INARI+
1.46%, UNISEM +1.91%, DNEX +3.92% , followed by INDUSTRIAL +0.73%, SIME +2.45%,
MISC +1.12%, HAPSENG +1.31%, LAFMSIA +0.99%. Market breadth was positive as
gainers led losers by 487 : 345. Market Futures closed at 1710 (6pts discount).
2) Heavyweights : SIME +2.45% RM8.78, IHH +2.18% RM6.56,
PBBANK +0.53% RM18.68, IOICORP +1.85% RM4.40, GENM -2.92% RM4.31, DIGI -1.21%
RM5.68, GENTING -1.47% RM7.35, AXIATA -0.77% RM6.40.
3) DBT : TEXCYCL 5.2mil @ RM1.20 (3.04% PUC), COCOLND 2mil
@ RM2.45 (1.16% PUC), HWANG 1.8mil @ RM1.80 (13% discount).
4) Situational:-
SUNCON +0.80% RM 1.26 - Sunway Construction Group Bhd has
secured an RM174.5m contract from Sunway Iskandar Sdn Bhd for the construction
of houses in Pulai, Johor Baru. SunCon said the contract was in relation to the
main building works for the proposed strata development on Plot F27 to
construct 222 units of linked houses, cluster homes and semidetached houses in
two phases on part of the land held under PTD 199240 in Pulai.
5) MFCB : announced that Don Sahong Power Company Ltd, a
80% owned indirect subsidiary of MFCB had on 15 October 2015 entered into an
Engineering, Procurement, Construction and Commissioning Contract (EPC
Contract) with Sinohydro Corporation Ltd for the development, construction and
commissioning of the Don Sahong Hydropower Project over a period of 50 months
for the contract sum of approximately USD320 million. Sinohydro Corporation Ltd
is a reputable infrastructure construction company established in the People's
Republic of China with expertise in a wide range of infrastructure projects
including water and hydropower facilities, airports, roads and ports.
Currently, it has over 400 international projects under construction in more
than 70 countries worldwide with a total contract value of over US$40b. It has
successfully constructed many hydropower projects in China, Malaysia, Laos and
other parts of the world such as the Three Gorges Hydropower Project in China
and the Bakun Hydropower Project in Sarawak, Malaysia; +ve, group had earlier
announced that it had entered into a 25-year concession agreement with the
Government of the Laos People's Democratic Republic whereby it will be granted
the rights to build, operate and transfer the development of a 260MW hydropower
plant. The project, which is expected to begin commercial operations in early
2020, will cost about USD500m (RM2.1bn) and is expected to start by the end of
this year.
6) Market : The underlying trend remains positive with
improved foreign participation. The FBMKLCI is likely to continue to trade
sideways within 1700-1730 points band.
