FBMKLCI
1696.95pts -9.84pts (-0.58%) Volume
1.893b Value RM 1.878b
1696.95pts -9.84pts (-0.58%) Volume
1.893b Value RM 1.878b
1) The
KLCI broke below the 1700 psychological support level following the weaker US
market overnight which slipped as investors turned cautious ahead of the Fed
Reserve policy meeting. Region bourses were mostly lower as the STI -0.99% led
in losses, NIKKEI -0.90% & HSCEI -0.31% fell, SHCOMP +0.14%and HSI
+0.11% remained flat as investors await for the 5 days Chinese Plenum to
conclude. TECH -0.97% index lost the most ground today weighed by heavyweights
INARI -2.47%, GTRONIC -1.92% ahead of important big
tech results tonight in the US. Market breadth
was negative as losers thumped gainers by 588 : 269. Futures closed at 1701pts
(4pts premium).
2)
Heavyweights : DIGI- 4.15% RM5.30, PBBANK -1.07% RM18.40, IOICORP -2.46%
RM4.35, AXIATA -0.79% RM6.27, IHH -0.92% RM6.43, CIMB -0.61% RM4.87, GENM
-1.12% RM4.38, BAT +1.74% RM64.20
3) DBT
: APFT 19mil @ RM0.205 (4.45% PUC), BERTAM 10mil @ RM0.60 (4.835 PUC), BPURI
2mil @ RM0.465.
4)
Situational:-
BPURI 0.00% RM
0.47 - Bina Puri Holdings Bhd has received the letter of intent from PR1MA Corp
Malaysia (PR1MA) for a housing project in Johor Bahru valued at RM230.0m. It
said the contract was to build 994 units of PR1MA homes comprising of
apartments and 20 shops on the 18.2 acres freehold land Bina Puri expected the
project to contribute positively to the net assets and earnings of Bina Puri
Group for the financial year ending Dec 31, 2016.
MPAY +1.78%
RM0.285 - Managepay Systems has signed a partnership agreement with Adv
Fusionex Sdn Bhd (Fusionex) to explore the potential of a jointly developed
payment gateway integrated with a big data analytics platform. Managepay said
the partnership would see the provision of data analytics, big data tools and platform
support by Fusionex for ManagePay and its clients, with ManagePay providing
emoney and e-wallet capabilities for clients of Fusionex.
5) Globetronics
9mths
9/2015 Tover RM266.4m Net
+13%
RM55.6m
EPS 19.75sen
3% below cons(f) RM77.2m
The company
continued to record flattish top line despite slower sales in its LED division
as sensor products continued to gain prominence in the groups overall product
mix. The latest being the imaging sensor which will begin significant
production in the 4Q should help the group achieve and likely exceed consensus
full year numbers. The company YTD also recorded a translation gain of RM4.62m
as it is naturally long USD and benefits from RM continued weakness. Cash
balance now stands at RM195.8m which will be partly utilized to payout
its second interim single tier ordinary dividend of 10%/shr and a single tier
special dividend of 10%/shr, totaling RM28.16 million in respect of the
financial year ending 31December 2015 has been approved and will be paid on 4
November 2015.
Going forward,
fortunes of the company will be more reliant on the sensor division which is
projected to account for 60% of earnings in 2016 as more applications for these
sensors are built in to personal electronic devices. Accumulate on weakness.
6) Market –
Fitch concerns over the country’s outlook has refocused attention on Msia’s
credit ratings, however given the continued easy global monetary stance in
reaction to weak global growth we still expect the market to close the year
higher from these levels.