FBMKLCI
1665.71pts -1.27pts (-0.08%) Volume
2.124b Value RM 2.044b
1) The
KLCI traded lower for a 6th consecutive day briefly touching a 6pts high in the
2nd half but closed marginally lower amid a growing hawkish FED stance. Region
was lower with HSI -0.79%, ASX -0.52%, SHCOMP -0.13% but NIKKEI +0.8% bucked
trend following the BOJ's decision to stand pat on monetary policy. TECHNOLOGY
+0.53% gained for a 3rd consecutive day led by UNISEM +3.5%, GTRONIC +1.8%,
D&O +2.7% expectations of a stronger USD. Market breadth was positive with
gainers edging losers 451 : 396. Market futures closed at 1663 (2pts discount).
2)
Heavyweights : PBBANK -1.19% RM18.18, AXIATA -1.91% RM6.15, MAYBANK -0.93%
RM8.47, BAT -2.33% RM62.70, CIMB -0.61% RM4.84, MAXIS -0.74% RM6.65, PCHEM
-0.62% RM6.37, SKPETRO -1.40% RM2.11.
CIMB
-1.71% RM4.61, SIME -.142% RM8.36, MAYBANK -0.60% RM8.26, PCHEM +1.28% RM6.35,
GENM +1.42% RM4.30, IHH +0.96% RM6.31, MAXIS +0.92% RM6.59, GENTING +0.95%
RM7.42.
3) DBT
: TIGER 8.0mil @ RM0.085 (5.56% discount), JETSON 7.0mil @ RM0.30 (3.724% PUC @
13.0% discount), BIOHLDG 5.0mil @ RM0.30.
4)
Situational:-
JAKS +5.22% RM1.21 - Jaks Hai Duong
Power Company Limited, a wholly-owned subsidiary of Jaks Resources Berhad, had
on 29 October 2015 informed the Ministry of Industry and Trade of the Socialist
Republic of Vietnam vide a letter dated 28 October 2015, that Jaks Hai Duong
Power Company Limited had achieved the Financial Close of the BOT Contract,
subject to amongst others, the registration of the shareholder loan agreement
between China Power Engineering Consulting Group (Hong Kong) Investment Co.,
Limited and Jaks Hai Duong Power Company Limited dated 19 September 2015 with
State Bank of Vietnam and the issuance of legal opinion by the Ministry of
Justice of Vietnam. AmInvestment Bank Berhad announced that the parties to the
Subscription Agreement had on 29 October 2015 mutually agreed to extend the
cut-off date from 31 October 2015 to 31 January 2016 to fulfil the conditions
precedent of the Subscription Agreement. With this last piece in place we
expect a further rerating on the counter. Accumulate.
5) TITIJAYA
Announced
that it has entered into a Shareholders’ Agreement with Amona Development
Sdn. Bhd and Metrogale Development Sdn. Bhd. to form a strategic
collaboration and to govern the material aspects of the joint venture, the
conduct of the business and the management of the JV Company Capital
Structure of the JV Company - ADSB 60% TRSB 40%. ADSB had made a proposal to
the Government to construct school facilities in exchange for a Government land
situated at Bukit Bintang, Kuala Lumpur measuring approximately 2.7 acres. The
proposal is in advance stage and the Company will make further announcement
after definitive and conclusive terms have been agreed upon, and the proposed
privatisation agreement has been agreed and signed.
+ve as
the company continues to build its strategic land bank in this unique method
that does not stress its balance sheet. Long term buy.
6)
Market : Maintain current trading trend with focus primarily on mid small caps
however the injection at end Nov of fresh capital into Valuecap could spur a
bounce back in GLC blue chips.
