FBMKLCI
1664.07pts -1.64pts (-0.10%) Volume
2.609b Value RM 1.967b
1. The
KLCI slipped today following the weak US market before the weekend after
sluggish GDP reports weighed on sentiments. Region was mostly lower after
China’s manufacturing data contracted for a 3rd month, SHCOMP
-1.70%, HSI -1.19%, NIKKEI -2.10%, ASX -1.41%, STI -0.80%. PROPERTY index
outperformed today boosted by IOIPG +3.46%, UEMS +3.20%, MRCB +4.72% while
Penny stocks were actively traded as XOX -8.06%, RGB +2.77%, INSTACO +18.18%,
EURO +25.53% topped the most active list. Market breadth was neutral as gainers
and losers were even at 455 : 412. Market futures closed at 1656.5pts (9pts
discount).
2)
Heavyweights : SIME -0.71% RM8.30, AXIATA-0.64% RM6.13, TM -1.20% RM6.58, KLK
-0.96% RM22.56, BAT -1.32% RM61.00, IHH +1.90% RM6.43, IOICORP +1.17% RM4.31,
GENTING +0.80% RM7.48.
3) DBT
: SYCAL 26.682mil @ RM0.25 (8.33% PUC), LIONIND 15.9mil @ RM0.315 (2.21% PUC),
TIMECOM 14.968mil @ RM6.20 (2.60% PUC), BIOHLDG 10mil @ RM 0.30 (2.15% PUC).
4)
Situational:-
INIX +3.70%
RM0.14 - Inix Technologies Holdings Bhd is optimistic over outlook, given
its diversification initiative into the promising dredging and land reclamation
services industry. It is doing this via a 30.0% stake in Galactic Maritime (M)
Sdn Bhd. Its executive director said Inix has also proposed a two-for-one
rights issue and detachable warrants to raise a total proceed of RM27.8m to
fund the new business venture and expansion.
OCR +3.12%
RM0.495 - O&C Resources Bhd (OCR) plans to develop a service apartment
block with an estimated gross development value of RM204.9m within the vicinity
of the Petronas Twin Towers. The rubber products maker (formerly Takaso
Resources Bhd) said it had bought a 51.0% stake in Masbe Coffee Sdn Bhd (MCSB),
which has the rights to develop a1,492 sq metre freehold land at Jalan Yap Kwan
Seng, for RM5.0m.
PRESSBHD +3%
RM2.41 - Received the Letter of Award from the Ministry of Higher Education for
the supply of Autodesk software services aligned with the Industry Based
Certification Program to public universities, polytechnics and community
colleges under MOHE (“Supply of Autodesk Software Services”). The total
contract price is RM20m over the course of two years effective from the
acceptance of the Letter of Award, from 2 November 2015 until 1 November 2017.
Expect further positive new flow on contract wins from the MOHE in the weeks
ahead.
5) P Dagang
9mths Sep 2015
Tover -24%
RM19.1bn Net
+39% RM697.9m EPS 70.2sen
13% below cons(f) RM801m
Group revenue
was lower mainly due to a decrease in av selling px by 19% (as a result of the
decline in MOPS prices beginning June 2014) coupled with a decrease in sales
volume of 5%. Earnings however was higher with lower operating expenditure of
RM123m as a result of lower manpower expense, lower adex and promotion expense,
higher other income by RM75.2m. Bottom line was also improved by a
translation gain of RM21m.
The company
declared an interim div of 14sen taking YTD payout of 40sen. Hold
6)
Market – The KLCI should start seeing some support around the 1660pts levels
after falling 7 consecutive days coupled with the expected injection of fresh
funds into ValueCap at the end of the month.
