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
Tuesday, 17 March 2015
TA Research
e-mail : [email protected]
For Internal Circulation Only
KLSE Market Statistics (16.03.2015)
Volume
(mil)
+/-chg (RMmn)
Main Market 1,591.1
215.6 1,719.1
Warrants
73.9
-10.8
11.2
ACE Market 780.1
-712.9
164.7
Bond
12.3
3.0
1.0
ETF
0.1
-0.05
0.2
Total
2,457.6
1,896.2
Off Market
99.3
25.3
77.2
Value
+/-chg
165.9
-1.9
-90.7
-0.2
-0.02
55.7
Major Indices
Index
+/- chg
Malaysia
FBMKLCI
FBMEMAS
FBMSCAP
Mar 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
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Review & Outlook
Up Down
221
375
35
67
31
60
5
1
2
1
294
504
% chg
% YTD chg
1,780.54
12,260.96
16,221.72
1,777.50
-1.21
-24.09
-73.66
6.50
-0.07
-0.20
-0.45
0.37
1.10
1.61
7.89
1.51
17,977.42
4,929.51
6,804.08
19,246.06
1,987.33
23,949.55
3,376.04
1,515.57
5,435.27
3,449.31
1,760.19
5,797.66
228.11
57.75
63.50
-8.19
1.54
126.34
13.27
-25.98
8.80
76.39
52.11
-16.88
1.29
1.19
0.94
-0.04
0.08
0.53
0.39
-1.69
0.16
2.26
3.05
-0.29
0.87
4.08
3.62
10.29
3.75
1.46
0.32
1.20
3.99
6.64
24.38
7.15
Top 10 KLCI Based on Mkt Cap.
Off Market
(mn)
REDTONE
74.6
TMS
10.7
FLONIC-WB 2.9
JIANKUN
1.7
MEXTER
1.6
BJAUTO
1.5
PERDANA
1.3
IMASPRO
1.3
YTL
1.0
TASCO
1.0
Value/
Volume
1.08
0.15
0.21
0.08
1.20
0.77
0.78
(RM)
0.80
0.07
0.03
0.30
0.05
3.59
1.14
1.50
1.58
3.20
Counter
Mkt Cap.
(RM’mn)
MAYBANK 84,728
TENAGA
82,510
CIMB
49,784
PCHEM
40,320
MAXIS
53,377
GENTING
30,301
SKPETRO
13,722
KLK
23,536
HLBANK
25,435
GENM
23,079
Chg
(RM)
-0.01
-0.02
-0.01
-0.02
-0.04
-0.06
-0.05
-0.12
-0.02
-0.05
Vol.
(mn)
6.71
9.31
4.29
2.33
2.71
2.29
18.63
0.28
0.47
1.87
Important Dates
HW
ATAI - 3:2 Rights Issue - RI of 60.0m shares.
HWA
3 rights share for every 2 existing shares held, at an issue price of
RM0.40 per rights share.
Trading of Rights: 17/03 - 24/03/2015.
Application Closed: 31/03/2015. LISTING ON: 14/04/2015.
LPI - 1:2 Bonus Issue - BI of 110.7m shares.
Ex-Date: 20/03/2015. Entitlement Date: 24/03/2015.
LISTING ON: 25/03/2015.
Bursa Malaysia shares remained in profit-taking correction mode Monday,
with oil & gas related stocks softening on lingering concerns over earlierthan-expected US interest rates hikes and slumping oil prices. The KLCI
eased 1.21 points to close at 1,780.54, off an early low of 1,774.3 and high
of 1,787.29, as losers bashed gainers 504 to 294 on robust turnover of
2.46bn shares worth RM1.89bn.
While blue chips may be buoyed by overnight rallies on US and European
stocks on stimulus optimism, the broader local market sentiment would
be clouded by the renewed slump in oil prices to fresh six-year lows.
Immediate support for the index stays at 1,778, the 50% Fibonacci
Retracement (FR) level, with next support at 1,750, the 38.2%FR level,
and stronger chart supports seen at 1,730 and 1,716, the 23.6%FR level.
Overhead resistance is retained at the 30-day moving average level of
1,803, followed by the 200-day moving average level at 1,825, and the 4
February high of 1,831, with subsequent hurdle from 1,840, the 76.4%
FR level.
Bearish technical momentum on SapuraKencana implies further
downward bias towards the lower Bollinger band (RM2.16), with more
crucial supports coming from the 15/12/14 low of RM2.02 and 18/5/12
low of RM1.90. Overhead resistance from the 23.6%FR (RM2.62)
coincides with the 50-day moving average. Likewise, Wah Seong may
weaken towards the 13/1/15 low of RM1.17, before oversold momentum
limits downside. Key overhead hurdle is also at the 23.6%FR (RM1.39).
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News Bites
Puncak Niaga Holdings Bhd has given Selangor state's unit Pengurusan
Air Selangor Sdn Bhd a third extension to fulfil the conditions
precedent stated in the agreement signed last year.
WCT Holdings Bhd stands to raise up to RM682mn in gross proceeds
from its latest proposed corporate exercise - just after announcing it
had bagged a RM1.2bn infrastructure contract in Qatar.
Eversendai Corporation Bhd has secured a RM203mn contract to
construct the East, North & South Depots of the Riyadh Metro project
- Package 1 for the Riyadh Development Authority.
The Competition Commission of Singapore has blocked IHH
Healthcare Bhd's proposed acquisition of RadLink-Asia as it would
reduce competition.
PUC Founder (MSC) Bhd is venturing into the solar energy business
that will involve the supply of electricity to Tenaga Nasional Bhd.
Gabungan AQRS Bhd has teamed up with Suria Capital Holdings Bhd
to jointly develop a mixed development dubbed "One Jesselton
Waterfront" in Kota Kinabalu, Sabah, which will have a net sale value
of RM1.8bn.
Johor ruler Sultan Ibrahim Iskandar has emerged as the single largest
shareholder in REDtone International Bhd, with a 20.13% stake.
IHH Healthcare Bhd said it has entered into a partnership agreement
with Godo Kaisha Samurai 10 that saw an injection of RM182.62mn
into the latter for the acquisition of nursing homes in Japan.
Tambun Indah Land Bhd is buying 16 parcels of freehold land in
Seberang Perai Tengah, Penang, with a collective land area of 18.8 acres,
for RM38.9mn, cash.
Factory production in the U.S. declined 0.2% in February, which was
for a third consecutive month, signaling cutbacks in manufacturing
will hold back economic growth this quarter.
Exchange Rate
RM/USD
3.7035 0.0129
YEN/USD
121.28 -0.1800
USD/EURO 1.0532 -0.0050
Commodities Futures
Palm Oil (RM/mt)
2,199.00 -34.00
Crude Oil ($/Barrel)
43.79 -1.21
Gold ($/tr.oz.)
1,153.80 -4.60
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