FBMKLCI
1661.53pts +5.53pts (+0.33%) Volume
2.181b Value RM2.036b
1661.53pts +5.53pts (+0.33%) Volume
2.181b Value RM2.036b
1) The
KLCI broke its losing streak closing 5pts higher today inline with the stronger
US market overnight as energy stocks gained on higher oil prices. Region
mostly higher with the ASX leading gains, followed by NIKKEI
+1.22%, HSI +1.15%, HSCEI +0.95% while the SHCOMP -0.06% and STI +0.04% closed
flat. ACE market names +1.37% and PENNY stocks drew interests today with
NEXGRAM +13.33%, JADI +12.50%, SOLUTN +11.39%, WINTONI +9.37%, XOX +9.09%,
BIOHLDG +3.27% topping the most active list as rotational play in small caps
cont. Market breadth was positive with gainers beating losers by 533 : 379.
Market futures closed at 1665.5 (4pts discount).
2)
Heavyweights : AXIATA +1.64% RM6.18, PBBANK +0.78% RM18.10, IHH +1.37% RM6.65,
UMW +4025% RM8.34, TENAGA +0.307% RM13.08, TM +0.76% RM6.56, MAYBANK -0.72%
RM8.24, GENTING -0.69% RM7.20.
3) DBT
: YEN 10mil @ RM0.305 (8.00% PUC), YINSON 6.426mil @ RM2.80, BERTAM 6.42mil @
RM0.5954, HUBLINE 5mil @ RM0.005, OCK 5mil @ RM0.78
4)
Situational:-
WCT
+5.79% RM1.46 - WCT
Holdings Bhd has been awarded a RM282.57 million subcontract from IJM
Construction Sdn Bhd for the construction and completion of the West Coast
Expressway (Taiping – Banting) Section 3 – Shah Alam Expressway Interchange to
NKVE/FHR2 Interchange (Part of Section 3 of Main Highway). The scope of work
consists of preliminaries, site clearance and earthworks, geotechnical works,
drainage works and box culverts, sub-base, road base and pavement, traffic
signs, road markings and road furniture, utilities and services, erosion
control sediment plan, environmental protection and enhancement. The work under
the subcontract will take 36 months to complete and is expected to contribute
positively to WCT Group’s future earnings and net assets. Fairly valued at these
levels, trim on news flow.
5) Heveaboard
9mths Sept
2015 Tover +14%
RM351.6m Net +123%
RM48.1m EPS 12.3sen
8% below cons(f) RM69m
For the 9
months ended 30 September 2015, there was an increase of RM44.33 million or
14.43 % as compared with the corresponding period. The increase was due to both
the particleboard and RTA sectors. Earnings improved due mainly to better
performance in the particleboard sector resulting from higher sale and sale of
higher value and value added products, and partly from RTA sector through
continuous automation, despite being impacted by an unrealised exchange loss of
RM10.23 million due to the translation of the USD denominated term loan.
Hold as the company pares down its USD loans allowing it to embark on a
more aggressive div payout on its strong cash flow.
6)
Market – Maintain current range with investors remaining cautious ahead of a
Hawkish Fed and heightened geopolitical risk. Support of 1600pts and resistance
of 1680pts.