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Daily Note
Daily Market Commentary
(A Participating Organisation of Bursa Malaysia Securities Bhd)
Menara TA One, 22 Jalan P Ramlee, 50250 Kuala Lumpur
Tel : 603 - 2072 1277. Fax : 603 - 2032 5048
Wednesday, 21 January 2015
TA Research
e-mail : [email protected]
For Internal Circulation Only
KLSE Market Statistics (20.01.2015)
Volume
(mil)
+/-chg (RMmn)
Main Market 1,323.0
8.8 1,804.1
Warrants
182.9
-5.0
86.0
ACE Market 546.2
132.2
131.7
Bond
1.0
-0.5
0.5
ETF
0.1
-0.33
0.1
Total
2,053.2
2,022.3
Off Market
31.6
-58.5
119.4
Value
+/-chg
71.7
-5.2
41.0
0.3
-0.39
46.0
Major Indices
Index
+/- chg
Malaysia
FBMKLCI
FBMEMAS
FBMSCAP
Jan Futures
Other Markets
DOW JONES
NASDAQ (US)
FTSE (UK)
NIKKEI (JAPAN)
KOSPI (KOREA)
HANG SENG (HK)
FSSTI (S'PORE)
SET (BANGKOK)
JCI (JAKARTA)
SHANGHAI
SHENZHEN
AUSTRALIA
(mn)
8.0
7.9
3.2
3.0
2.0
2.0
1.5
1.1
1.0
1.0
Review & Outlook
Up Down
309
302
63
53
42
31
3
5
1
0
418
391
% chg
% YTD chg
1,750.11
12,062.02
15,612.69
1,745.00
-3.20
-10.72
96.96
0.00
-0.18
-0.09
0.62
0.00
-0.63
-0.04
3.84
-0.34
17,515.23
4,654.85
6,620.10
17,366.30
1,918.31
23,951.16
3,334.02
1,535.09
5,166.09
3,173.05
1,534.38
5,166.09
3.66
20.46
34.57
352.01
15.69
212.67
26.32
-0.28
14.00
56.70
106.01
-143.05
0.02
0.44
0.52
2.07
0.82
0.90
0.80
-0.02
0.27
1.82
7.42
-2.69
-1.73
-1.71
0.82
-0.48
0.14
1.47
-0.93
2.50
-1.16
-1.91
8.42
-4.53
Top 10 KLCI Based on Mkt Cap.
Off Market
ASIABIO
MAYBANK
NATWIDE
TDEX
PBBANK
MILUX
TALIWRK
REDTONE
DIGISTA
KAREX
Value/
Volume
1.36
0.47
0.24
0.47
1.36
0.98
3.78
(RM)
@ 0.18
@ 8.75
@ 0.87
@ 0.15
@ 17.66
@ 1.07
@ 2.00
@ 0.77
@ 0.20
@ 3.70
Counter
TENAGA
CIMB
AXIATA
SIME
PCHEM
MAXIS
GENTING
MISC
SKPETRO
GENM
Mkt Cap.
(RM’mn)
81,268
48,942
59,992
57,702
39,520
51,871
30,859
33,836
15,580
21,604
Chg
(RM)
-0.10
-0.14
-0.02
-0.01
-0.06
-0.01
-0.09
-0.02
-0.03
-0.04
Vol.
(mn)
13.06
11.52
7.25
4.62
4.94
3.07
2.14
2.08
14.92
2.70
Important Dates
IOIPG - 1:6 Rights Issue - RI of 539.8m shares.
1 rights share for every 6 existing shares held, at an issue price of
RM1.90 per rights share.
Trading of Rights: 13/01 - 20/01/2015.
Application Closed: 27/01/2015. LISTING ON: 09/02/2015.
IN
ARI - 1:8 Rights Issue - RI of 88.8m shares, together with 88.8
INARI
free detachable warrants.
1 rights share together with 1 warrant for every 8 existing shares
held, at an issue price of RM1.50 per rights share.
Ex-Date: 20/01/2015. Entitlement Date: 22/01/2015.
Trading of Rights: 23/01 - 30/01/2015.
Application Closed: 10/02/2015. LISTING ON: 26/02/2015.
The FBM KLCI edged lower on Tuesday, as selected blue chips weighed on
the market, while investors showed little or no excitement over the
economic intervention measures announced by the Prime Minister earlier
in the day, ignoring regional strength after China's 4Q GDP beat estimates.
The KLCI fell 3.2 points to close at 1,750.1, off a low of 1,745.64 and high
of 1,754.34, as gainers edged losers 418 to 391 on total turnover of 2.05bn
shares worth RM2.02 bn.
Stocks should continue to consolidate with downward bias, given the
diminishing oil prices and global growth downgrade by IMF which should
dampen investors' risk appetite despite the ECB's stimulus effort to defuse
the euro-zone deficit. Immediate support for the index remains at 1,730,
with better support at 1,716, the 23.6% Fibonacci Retracement (FR) level,
followed next by the 1,700 psychological support, and more crucial
supports from the pivot lows of 1,688 and 1,671 of 17/12/14. Key
resistance levels are at 1,778 and 1,806, the respective 50%FR and
61.8%FR levels, while major upside hurdles would be 1,803 and 1,836, the
current 100 and 200-day moving average levels.
Alam Maritim could rebound further from current oversold levels
towards the 50-day moving average(RM0.70), which coincide with the
upper Bollinger band, with the tougher resistances coming at 23.6%FR
(RM0.79) and the high of 27/11/14 (RM0.85), while the lower Bollinger
band (RM0.56) seen as the immediate support. Similarly, Perisai should
see oversold rebound towards the upper Bollinger band (RM0.51), with
stronger upside resistances coming from the 50-day moving average
(RM0.55) and the high of 1/12/14 (RM0.65). Immediate support
cushioning downside is seen at the lower Bollinger band (RM0.42).
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News Bites
Malaysia's official GDP forecast for 2015 was cut to between 4.5%
and 5.5% from 5% to 6% previously and fiscal deficit target raised to
3.2% from 3%.
Iris Corporation Bhd plans to invest RM130mn in a property joint
venture with Technology Park Malaysia Corp Sdn Bhd in Bukit Jalil.
Chin Well Holdings Bhd has obtained the green light from Bursa
Malaysia Securities for the acquisition of the remaining 40% in its
Vietnam subsidiary.
Malaysia Airlines Kargo will use the cloud-based Unisys Logistics
Management System from Unisys Corporation to manage its domestic
and international cargo services.
Fraser & Neave Holdings Bhd has set aside 300mn baht in capital
expenditure to support the double-digit revenue growth of its Thai
dairy division.
LBS Bina Group Bhd has tightened its grip in ML Global Bhd, after
acquiring a total of 561,800 shares in the latter, via four open market
transactions.
Media Chinese International Ltd has denied rumours it will undergo
a drastic consolidation plan involving its four daily newspaper titles
in Malaysia, namely Sin Chew Daily, China Press, Nanyang Siang Pau
and Guang Ming Daily.
REDtone International Bhd saw its net profit for the 2QFY15 fall by
12.4% to RM5.29mn, mainly due to the absence of a gain on disposal
of its 35% shareholding in REDtone Mobile Sdn Bhd,
The world economy will grow 3.5% in 2015, down from the 3.8%
pace projected in October says IMF.
Exchange Rate
RM/USD
3.6105 0.0385
YEN/USD
118.38 1.0900
USD/EURO 1.1606 0.0006
Commodities Futures
Palm Oil (RM/mt)
2,320.00 16.00
Crude Oil ($/Barrel)
46.39 -2.09
Gold ($/tr.oz.)
1,294.20 13.90
DISCLAIMER
The information in this report has been obtained from sources believed to be reliable. Its accuracy or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use
of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
for TA SECURITIES HOLDINGS BERHAD
Kaladher Govindan, Head of Research