FBMKLCI
1677.03pts +6.13pts (+0.37%) Volume
2.671b Value RM2.393b
1677.03pts +6.13pts (+0.37%) Volume
2.671b Value RM2.393b
1) The KLCI trended higher today despite the flattish US market
overnight as the trading volume in the trickled lower ahead of Thanksgiving
holiday. Regions were also mixed as the NIKKEI +0.23%, SHCOMP +0.16%, STI
+0.75%, while the HSI -0.35%, HSCEI -0.71%, ASX -0.95%, ASX -0.95% fell into
the red. TECHNOLOGY -1.080% index lost the most grounds today dragged by INARI
-2.14%, JCY -2.27%, GTRONIC -1.68% as the Ringgit recovered to RM4.2425 while
the TRADING +0.57% index gained the most grounds buoyed by TENAGA +1.19%
following announcement of its power asset sale. Market breath was
negative as losers outpaced gainers by 573 : 373. Market futures closed at
1676.5pts (parity).
2) Heavyweights : MAYBANK -0.71% RM8.34, CIMB -0.87% RM4.56,
TENAGA +1.19% RM13.58, GENM +2.83% RM4.35, AXIATA +1.14% RM6.20, PCHEM +1.35%
RM6.74, MISC +1.52% RM9.33, ASTRO +2.43% RM2.95.
3) DBT : BORNOIL 100mil @ RM0.17 (3.70% PUC), E&O 65.268mil @
RM1.57 (5.185% PUC),TIMECOM 12mil @ RM6.70 (2.08% PUC).
4) Situational:-
SUNCON +2.96% RM1.39 - Sunway Construction Sdn
Bhd has bagged a RM106.8m contract from Cititower Sdn Bhd. Cititower is a
joint-venture company between KLCC Sdn Bhd and QD Asia Pasific Ltd. Sunway
Construction said the contract was for the substructure and associated works
for the proposed mixed commercial development in Kuala Lumpur City Centre.
Trading BUY.
5)
IJM Plant
1H
Sep 2015 Tover -19% RM286.9m Net -67%
RM17.9m EPS 2sen
Cons(f) RM121m
The
decrease in sales was due mainly to lower commodity prices and lower sales
volume. In addition to lower commodity prices and sales volume, the Group’s
financial performance was severely impacted by the strengthening of US Dollar
against the Indonesian Rupiah resulting in a net foreign exchange losses of
RM51.6 million. Malaysian FFB -9.2% to 297.6m mtwith an average CPO px of
RM2105/mt -11.7% YOY while Indonesia saw FFB gain 24% to 165m mt averaging
RM1922/mt, -10.7% YOY. The current financial year remains challenging due to
the uncertain global demand scenario and the effect of the El Nino weather
pattern which may lead to lower overall crop production. Hold
6)
Market – The conclusion of 1MDB power assets should provide some short term
relief especially in the RM and could be a positive factor fuelling the recent
rebound with significant resistance only seen around the 1700pts levels.
