Showing posts with label Naim. Show all posts
Showing posts with label Naim. Show all posts

Monday, October 29, 2012

Market Roundup | 25 Oct 2012

FBM30 1671.89      +3.90points (+0.23%)       Volume 1,440mil         Value RM1,277mil      
1) KLCI ended at all time high aided by gains in key heavyweights led by PBBANK+2.66% and PPB+3% on signs China economy are recovering. Index traded in tight 4 points range with market thinly traded before late close up of PPB, Armada and GENM ensured market closed at day's high. Market breadth was positive with advancers leading decliners 391:3069. Futures closed 1674pts (2 points premium).
 
2) Heavyweights: PBBANK+2.66% RM15.42, PPB+3% RM13.78, MAYBANK+0.33% RM9.03, ARMADA+2.7% RM3.80, TENAGA+0.29% RM6.95, AXIATA-1.21% RM6.55, DIGI-1.09% RM5.42, CIMB-0.26% RM7.62
 
3) DBT: KIMLUN 80.3mil @ RM0.10 (33.4% PUC, 93% discount), KINSTEL 47mil @ RM0.39 (4.5% PUC), PREMIER 15mil @ RM0.40 (4.5% PUC), WILLOW 12.2mil @ RM0.32 (4.9% PUC)
 
4) Situationals:
NAIM+3.11% RM1.99: NAIM has bagged a RM204mil contract for the Sungai Buloh-Kajang Line of the Klang Valley Mass Rapid Transit project. In an announcement, it said the job was awarded by Gadang Engineering (M) Sdn Bhd to execute and complete package S2: construction and completion of elevated stations and other associated works at Taman Industri Sungai Buloh, PJU 5 and Dataran Sunway.
 
5) PENERGY
PENERGY wishes to inform that Petra Resources Sdn. Bhd, a wholly-owned subsidiary of PENERGY, has been awarded the contract for the Provision of Offshore Services Contract for Gumusut-Kakap Development by Sabah Shell Petroleum Company Ltd.
The contract is effective from 18 October 2012 being the date of the letter of award, and the mobilisation period / commencement of work shall be deemed as starting on the same date. No value however was revealed.
We remain positive in the O&G sector with PENERGY poised to benefit from sizeable contracts from HUC and topside maintenance work. Its new parent company Waseong should see synergistic benefits.
 
6) Market - The KLSE will be closed for Hari Raya Haji on the 26th Oct and resume trading on the Monday the 29th.

Thursday, October 25, 2012

News Bits | 25 Oct 2012


Highlights of the day
§  Dijaya Corp (Stock Idea): Earnings to take off next year (BUY, TP: RM1.57) [download report]
Dijaya’s share price has been sold down amidst various concerns, just as earnings are about to take off after an aggressive property acquisition drive.  If, as we believe, the Malaysian property sector resumes its run in 2013 after consolidating this year, Dijaya shares could be re-rated to our target price of RM1.57 in 12 months’ time for a 51% capital gain.
 
§  Economics (Leading Economic Indicator): August 2012: The worst may be over [download report]
Malaysian leading indicator for August grew marginally slower at 2.0% y-o-y after growing 2.3% in July. At the same time, the August coincident indicator jumped back up by 1.6% y-o-y after barely increasing in July. The lagging indicator also grew faster in the same month compared to the previous one. While the leading indicator suggests that the economy may grow only slowly in the future, both the coincident and the lagging indicators hint that the worst may be over.
 
Other reports
§  Newz Bits [download report]
 
Other Malaysian news
§  Bumi Armada:  Gets jobs worth RM147m
§  Sunway REIT: Targets RM7bn asset size in 5 years
§  TH Plantations: Plans Sarawak acquisitions
§  Lion Industries: To buy firm for RM24m
§  Naim Holdings:  Named for MRT package S2
§  Daiman: Unit invests in Chinese housing fund
§  Amcorp Prop: Expects RM27m from land sale
§  Automotive:  No excise duty cuts on cars
§  Property: PHB upbeat on City Hall nod for Bangsar project
§  Telecommunications: 4 telcos shortlisted
§  Timber: RM1.04bn for forest plantation scheme
 
Global news
§  US: Fed calls growth ‘moderate’ while maintaining bond purchases
§  US: Home sales rising to two-year high spur growth
§  US: Markit - October factory activity edges up, growth still weak
§  Europe: Greece, Troika reached final labor agreement
§  Europe: Euro-area recession deepens as manufacturing shrinks
§  Thailand: Exports unexpectedly climbed for first time in four months
 
 
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