20051021 Market Roundup JetFM
Bursa 2 points lower ignoring rebound in most regional markets
At 5 pm, the Kuala Lumpur Composite Index (KLCI) shed 2.11 points to 909.58. Volume expanded to 297.13 mln shares valued at RM628.91 mln. Losers outpaced gainers 409 to 233, while 322 counters were unchanged and 456 untraded. The Emas Index lost 0.43 points to 206.61, while the Second Board fell 0.54 points to 84.03. Share prices ended Friday lower on light selling in selected blue chips by foreign funds. Concerns over rising inflation and a slowing economy kept investors at bay, while trading remained thin. Most traders are reluctant to take positions ahead of the weekend. Among blue chips, Tenaga at RM10.50 and Telekom at RM10.10 were both unchanged, while Malayan Banking at RM11.40 dropped 10 sen. AMMB Holdings, 2sen lower at RM2.27, was heavily traded (volume:11.36 mln shares).
Penerbangan Malaysia (PMB) may increase the size of the 30-year tranche of its USD1 bln of bonds to USD400 mln after strong investor interest for Malaysia's largest US Dollar-denominated issue this year, a source close to the deal said Friday. PMB planned to sell USD750 mln of 10-year paper and the rest in 30-year bonds. The guidance on the 30-year paper is 145 basis points over US Treasury or 96 bps over mid-swaps. The 10-year paper is being offered at 35 points over mid-swaps or 83 points above Treasury. Final pricing for the government-backed paper is expected Friday in New York. The bond is widely viewed as a proxy for Malaysian government issuance, as the company is wholly owned by state investment arm Khazanah National. PMB owns 69% of national carrier Malaysian Airline System (at RM3.20, -2 sen) and will use the funds to acquire aircraft, refinance debt and for working capital.
The new management of Astral Supreme plans to seek legal advice on a RM7.5 mln investment that has since gone bad. The investment, made in October 2003, was meant to protect a put option agreement with privately held Gagah Timur. However, Astral has only managed to recover part of its investment, and it is now mulling legal action, according to executive chairman Mohamed Shafeii Abdul Gaffoor. Astral Supreme at 62 sen gained 2 sen.
Malaysia Airports Holdings (MAHB) is acquiring another 26% of Urusan Teknologi Wawasan (UTW) from Ranhill for RM2.75 mln. MAHB said its wholly owned subsidiary, Malaysia Airports Management and Technical Services (MAMTS), yesterday signed a conditional share sale and purchase agreement with Ranhill. With the acquisition, MAMTS will hold 75% equity interest in UTW. This will make UTW a subsidiary of MAHB, the company said in its filing to Bursa Malaysia. MAHB at RM1.89 lost 1 sen.
Safeguards Corp was up 2 sen at 95.5 sen after the company reported a net profit of RM2.08 mln 1st quarter to September, compared with RM1.35 mln a year earlier. Amsteel Corp plans to sell a 0.65 ha site to Public Mutual for RM58.99 mln, as part of its corporate and debt restructuring scheme. Amsteel at 11.5 sen declined 0.5 sen.
Among highlights for today, Naim Indah Corp at 21 sen (-1 sen); Ann Joo Resources at RM1.27 (-1 sen); Sunway Holdings Inc at 51.5 sen (-1 sen); Amway Holdings at RM6.65 (-5 sen); DiGi.Com at RM6.15 (+10 sen); IOI Corp at RM12.60 (-10 sen); Petra Perdana at RM2.85 (unchanged); REDtone International at RM1.81 (+8 sen); ConnectCounty Holdings at 21.5 sen (-2.5 sen); APL Industries at 37.5 sen (+2 sen); Supermax Corp at RM3.74 (+2 sen); BIMB Holdings at RM1.37 (unchanged); Sime Engineering Services at 88.5 sen (+4 sen); Malaysian Industrial Development Finance at RM1.11 (unchanged).
Tokyo's Nikkei 225-Average edged up 0.07% to 13,199.95 on Friday, as Toshiba Corp and other firms with strong earnings outlooks helped lift the benchmark after it fell below 13,000 for the 1st time in a month. Auto stocks continued to slide weighed down by concerns about their sales prospects in the key US market. Rises by Toshiba and Internet communications conglomerate Softbank Corp helped pull the tech-sensitive Nikkei into positive territory by late afternoon. During the mid-session break, Japan's 2nd ranked electronics conglomerate upped its profit estimates for the 6 months ended September 30 to reflect strong demand for its flash memory chips. Auto stocks struggled after the Nihon Keizai financial daily said on Friday that car sales in the United States had fallen in October due to higher gasoline prices and that Japanese auto makers had also seen their sales decline.
Regional indices were up, HK's Hang Seng at 14,487.85 (+0.55%); Singapore's STI at 2,239.36 (+0.56%); South Korea's KOSPI at 1,183.48 (+1.83%); Taiwan's TWSE at 5,738.76 (-0.16%); The Thai SET at 684.95 (+0.44%); Philippines' PCOMP at 1,922.50 (-1.14%); Jakarta's JCI at 1,075.962 (+0.05%).
JetFM Customer Relations
At 5 pm, the Kuala Lumpur Composite Index (KLCI) shed 2.11 points to 909.58. Volume expanded to 297.13 mln shares valued at RM628.91 mln. Losers outpaced gainers 409 to 233, while 322 counters were unchanged and 456 untraded. The Emas Index lost 0.43 points to 206.61, while the Second Board fell 0.54 points to 84.03. Share prices ended Friday lower on light selling in selected blue chips by foreign funds. Concerns over rising inflation and a slowing economy kept investors at bay, while trading remained thin. Most traders are reluctant to take positions ahead of the weekend. Among blue chips, Tenaga at RM10.50 and Telekom at RM10.10 were both unchanged, while Malayan Banking at RM11.40 dropped 10 sen. AMMB Holdings, 2sen lower at RM2.27, was heavily traded (volume:11.36 mln shares).
Penerbangan Malaysia (PMB) may increase the size of the 30-year tranche of its USD1 bln of bonds to USD400 mln after strong investor interest for Malaysia's largest US Dollar-denominated issue this year, a source close to the deal said Friday. PMB planned to sell USD750 mln of 10-year paper and the rest in 30-year bonds. The guidance on the 30-year paper is 145 basis points over US Treasury or 96 bps over mid-swaps. The 10-year paper is being offered at 35 points over mid-swaps or 83 points above Treasury. Final pricing for the government-backed paper is expected Friday in New York. The bond is widely viewed as a proxy for Malaysian government issuance, as the company is wholly owned by state investment arm Khazanah National. PMB owns 69% of national carrier Malaysian Airline System (at RM3.20, -2 sen) and will use the funds to acquire aircraft, refinance debt and for working capital.
The new management of Astral Supreme plans to seek legal advice on a RM7.5 mln investment that has since gone bad. The investment, made in October 2003, was meant to protect a put option agreement with privately held Gagah Timur. However, Astral has only managed to recover part of its investment, and it is now mulling legal action, according to executive chairman Mohamed Shafeii Abdul Gaffoor. Astral Supreme at 62 sen gained 2 sen.
Malaysia Airports Holdings (MAHB) is acquiring another 26% of Urusan Teknologi Wawasan (UTW) from Ranhill for RM2.75 mln. MAHB said its wholly owned subsidiary, Malaysia Airports Management and Technical Services (MAMTS), yesterday signed a conditional share sale and purchase agreement with Ranhill. With the acquisition, MAMTS will hold 75% equity interest in UTW. This will make UTW a subsidiary of MAHB, the company said in its filing to Bursa Malaysia. MAHB at RM1.89 lost 1 sen.
Safeguards Corp was up 2 sen at 95.5 sen after the company reported a net profit of RM2.08 mln 1st quarter to September, compared with RM1.35 mln a year earlier. Amsteel Corp plans to sell a 0.65 ha site to Public Mutual for RM58.99 mln, as part of its corporate and debt restructuring scheme. Amsteel at 11.5 sen declined 0.5 sen.
Among highlights for today, Naim Indah Corp at 21 sen (-1 sen); Ann Joo Resources at RM1.27 (-1 sen); Sunway Holdings Inc at 51.5 sen (-1 sen); Amway Holdings at RM6.65 (-5 sen); DiGi.Com at RM6.15 (+10 sen); IOI Corp at RM12.60 (-10 sen); Petra Perdana at RM2.85 (unchanged); REDtone International at RM1.81 (+8 sen); ConnectCounty Holdings at 21.5 sen (-2.5 sen); APL Industries at 37.5 sen (+2 sen); Supermax Corp at RM3.74 (+2 sen); BIMB Holdings at RM1.37 (unchanged); Sime Engineering Services at 88.5 sen (+4 sen); Malaysian Industrial Development Finance at RM1.11 (unchanged).
Tokyo's Nikkei 225-Average edged up 0.07% to 13,199.95 on Friday, as Toshiba Corp and other firms with strong earnings outlooks helped lift the benchmark after it fell below 13,000 for the 1st time in a month. Auto stocks continued to slide weighed down by concerns about their sales prospects in the key US market. Rises by Toshiba and Internet communications conglomerate Softbank Corp helped pull the tech-sensitive Nikkei into positive territory by late afternoon. During the mid-session break, Japan's 2nd ranked electronics conglomerate upped its profit estimates for the 6 months ended September 30 to reflect strong demand for its flash memory chips. Auto stocks struggled after the Nihon Keizai financial daily said on Friday that car sales in the United States had fallen in October due to higher gasoline prices and that Japanese auto makers had also seen their sales decline.
Regional indices were up, HK's Hang Seng at 14,487.85 (+0.55%); Singapore's STI at 2,239.36 (+0.56%); South Korea's KOSPI at 1,183.48 (+1.83%); Taiwan's TWSE at 5,738.76 (-0.16%); The Thai SET at 684.95 (+0.44%); Philippines' PCOMP at 1,922.50 (-1.14%); Jakarta's JCI at 1,075.962 (+0.05%).
JetFM Customer Relations
posted by emacro @ 5:26 AM
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