FBMKLCI
1667.87pts -6.05pts (-0.36%) Volume
1.572b Value RM1.597b
1667.87pts -6.05pts (-0.36%) Volume
1.572b Value RM1.597b
1) The
KLCI tracked regionals lower, closing 6pts down after the ECB appeared to meet
market expectations on further monetary easing. On the domestic front,
Malaysia's exports unspurprisingly surged to RM75.8 bil in October,the highest
year-on-year increase since January last year as exporters continued to enjoy
the benefits of a weaker RM. Region slipped lower ahead of the important
US jobs data released later tonight as the NIKKEI -2.18%, SHCOMP -1.67%, HSI
-0.81%, HSCEI -1.54%, ASX -1.46% closed lower. CONSTRUCTION -1.01% index lost
the most grounds amongst the sectors weighed by PUNCAK -4.09% after it went ex
RM1.00 Spec Div while SUNCON -2.77% and IJM -0.29% fell. Market breadth was
negative with losers outpacing gainers by 424 : 347. Market futures closed at
1661.5 (6pts discount). MYR steady at RM4.2260.
2) Heavyweights : SIME -2.40% RM7.72, CIMB -0.87% RM4.51, PBBANK -0.32% RM18.28, YTL -1.94% RM1.51, GENM -1.14% RM4.30, HLBANK -1.38% RM12.80, KLK -0.97% RM22.34, IOICORP -0.70% RM4.20.
3) DBT
: GPACKET 109.895mil @ RM0.30 (15.917% PUC), DIALOG 63.086mil @ RM1.5805
(1.21% PUC), BERTAM 10mil @ RM0.56 (4.83% PUC).
4)
Situational:-
DSONIC – 1.27% RM1.55 - Datasonic
Group Bhd has secured a RM12.89mil contract from the Penang Municipal Council
(MPPP) for the closed-circuit television (CCTV) cameras on Penang island. The
group would supply, install and maintain the CCTV under the phase four under
the contract which begins on Dec 10 and ends on July 22, 2021. Trading BUY
PCHEM +0.29% RM6.75 -
Petronas Chemicals Group has awarded two contracts worth US$882mil (RM3.72bil)
to build polyethylene and glycol processing plants to the Samsung group. It
told Bursa Malaysia on Friday that the contracts were given to the consortium
of Samsung Engineering Co. Ltd, Samsung C&T Corp and Samsung Engineering
(M) Sdn Bhd. PetChem’s unit PRPC Polymers Sdn Bhd awarded the engineering,
procurement, construction and commissioning (EPCC) contract for the linear low
density polyethylene LLDPE worth US$305mil (RM1.3bil) to the group. Its other
unit PRPC Glycols Sdn Bhd awarded a contract also to the group to undertake the
EPCC of the ethylene oxide ethylene glycol plant estimated at US$577mil
(RM2.42bil). PetChem said the two contracts would start on Dec 23 and were
expected to be completed by April 2019.
5) Huayang
HuaYang entered into a conditional
Shares Sales Agreement with Phuah Cheng Peng and Ng Kok Kheng to acquire its
entire paid up share capital of G Land Development Sdn Bhd. Upon
completion of Proposed Acquisition 1, wholly owned subsidiary of the Company,
GLDSB shall entered into conditional Sale and Purchase Agreement with GIM
Standard Development Sdn Bhd for the purpose of acquiring 6 parcel of freehold
land at JalanBaru, Prai, Daerah SeberangPeraiTengah, PulauPinang
for a total cash consideration of RM25,000,000.00, equivalent to RM66.80
psf . The company is proposing thedevelopment of serviced apartments,
condominiums and shop offices with an estimated GDV of RM311.0m
+ve as the company remains on track
to build its land bank for future developments.
6) Market – Short term movements
will track OPECs decision this evening on oil prices and future US data that
could reaffirm a hike this month. Consolidation with a negative bias to remain
