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Kenanga Today-190628 Kenanga Today 28 June 2019 By Nikki Thang I [email protected] ; Adrian Ng I [email protected] BURSA 27-Jun Day chg % chg KLCI 1,672.7 -1.79 -0.11% Research Highlights FTSE EMAS 11,790.2 -2.4 -0.02% FTSE Smallcap 12,933.4 35.48 0.28% NEWS HIGHLIGHTS FTSE MESDAQ 4,442.4 -12.9 -0.29% Asia Media says Annual Report 2018 still not ready KLSE Mkt Cap 1,680.5 3.1 0.18% (RM'b) Salcon unit bags RM25.7m job from Gamuda Land BURSA DAILY TRADING PARTICIPATION PUC to boost FinTech and eCommerce businesses through Participation Net (RM’m) Value (%) strategic partnerships Local Institution -64.50 52.91 Local Retail 10.73 17.46 Icon Offshore unit slapped with lawsuit over breach of contract Foreign 53.77 29.63 Loss-making HeiTech Padu reorganises ops around ICT INDICES 27 -Jun Day chg % chg Dow Jones 26,526.6 -10.2 -0.04% MACRO BITS S&P 500 2,924.9 11.1 0.38% NASDAQ 7,967.8 57.8 0.73% Trump agrees to no preconditions for meeting with China's Xi: FTSE-100 7,402.3 -14.1 -0.19% Kudlow Nikkei 225 21,338.2 251.6 1.19% SHCOMP 2,996.8 20.5 0.69% Iran on course to exceed nuclear pact limit within days: diplomats HSI 28,621.4 399.4 1.42% Panda bonds among highlights during China trip — Guan Eng STI 3,328.6 27.3 0.83% KOSPI 2,134.3 12.5 0.59% MoF to highlight borrowing, tax, worker issues in preparing Budget TWSE 10,773.9 121.4 1.14% 2020 — Guan Eng JCI 6,352.7 42.2 0.67% SET 1,731.6 9.4 0.55% Malaysia raises 2019 growth expectations as investments rise FOREX 27 -Jun 26 -Jun % chg Govt preparing tax incentives for green property developer USD/MYR: 4.1435 4.1480 -0.11% EUR/USD: 1.1379 1.1367 0.11% China's industrial profits rise 1.1% in May as sales quicken GBP/USD: 1.2716 1.2690 0.20% USD/YEN: 107.84 107.69 0.14% Japan PM Abe, China's Xi agree on need for 'free, fair' trade USD/SGD: 1.3543 1.3539 0.03% USD/HKD: 7.8135 7.8080 0.07% House passes Senate emergency border aid bill, sends to Trump KEY STATS U.S. slaps sanctions on two former Venezuelan officials KLCI Spot UK car output slumps for 12th month in a row Vol (m shares): 1,837.4 1,825.2 0.67% Value (RMm): 1,902.4 1,546.6 23.00% European firms seen cutting prices, output to cut record KLCI Future inventories June-19 1,674.0 1,674.5 -0.03% July-19 1,676.5 1,677.5 -0.06% Sizing up QE2: How a new round of ECB bond buys might pan out CPO Price 1,963.0 1,966.0 -0.15% (RM/tonne) IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS) Soybean (US$/bu) 887.8 894.3 -0.73% SoyOil (USc/lb) 27.9 28.0 -0.11% Results Note: AEONCR, ECOWLD, GAMUDA, SAPNRG, SCGM Gold (US$/troy oz) 1,412.0 1,415.4 -0.24% Nymex crude oil 59.4 59.4 0.08% Company Update: YINSON (US$/bbl) Latex (RM/kg) 4.98 4.96 0.40% On Our Technical Watch: JHM, SEALINK Tin (US$/mt) 18,843.0 18,771.0 0.38% Rating Summary # Top Volume Top Gainer Top Loser %Chg Vol %Chg Vol %Chg Stock Price Stock Price Stock Price Vol (m) (+/-) (m) (+/-) (m) (+/-) 1 CIMB 5.35 -0.6 12.40 MAXIS 5.80 1.1 1.04 PETGAS 17.10 -2.3 0.58 2 PCHEM 8.38 -0.5 10.30 DIGI 5.05 1.0 4.88 GENM 3.20 -1.5 6.87 3 DIALOG 3.26 0.3 9.40 SIME 2.30 0.9 6.10 AMBANK 4.24 -1.4 4.18 4 RHBBANK 5.59 -0.5 8.17 MISC 7.20 0.7 2.64 TOPGLOV 4.93 -0.8 3.23 5 MAYBANK 8.89 -0.3 7.93 PMETAL 4.41 0.7 0.52 TENAGA 13.68 -0.7 4.43 6 GENM 3.20 -1.5 6.87 PBBANK 23.16 0.6 4.28 CIMB 5.35 -0.6 12.40 7 AXIATA 5.00 0.0 6.85 HARTA 5.26 0.6 4.52 PETDAG 25.38 -0.6 0.28 8 IHH 5.80 0.0 6.39 SIMEPLT 4.86 0.4 2.43 RHBBANK 5.59 -0.5 8.17 9 SIME 2.30 0.9 6.10 DIALOG 3.26 0.3 9.40 PCHEM 8.38 -0.5 10.30 10 IHH 5.76 2.1 7.04 HLBANK 19.00 0.2 1.03 AXIATA 5.05 0.0 11.90 Notes: # KL Composite Index (FBMKLCI) component stocks PP7004/02/2013(031762) Page 1 of 5 Kenanga Today 28 June 2019 Corporate News • Asia Media says Annual Report 2018 still not ready Asia Media Group Bhd (AMedia) says its annual report for the financial year ended Dec 31, 2018 (FY18) is still not ready for issuance and submission to Bursa Securities by June 28. The loss-making digital outdoor advertising company now expects to issue and submit the annual report by July 19. "The Annual Report 2018 is now in the final drafting stage," it said in a Bursa Malaysia filing. (The Edge) • Salcon unit bags RM25.7m job from Gamuda Land Salcon Bhd's indirect 60.0%-owned subsidiary Envitech Sdn Bhd has bagged a RM25.7m contract from Gamuda Land (Botanic) Sdn Bhd to undertake remedial works of existing vacuum sewerage system at KXG 708 & KXG 722 catchments in Bandar Botanic, Klang, Selangor. In a filing with Bursa Malaysia, Salcon said Envitech, a 60.0%-owned subsidiary of Salcon Engineering Bhd, which in turn is a wholly-owned subsidiary of Salcon, has accepted the letter of award from Gamuda Land (Botanic) for the proposed project. The project is for seven months, with completion on Jan 27, 2020. (The Edge) • PUC to boost FinTech and eCommerce businesses through strategic partnerships PUC Bhd aims to grow its FinTech and e-Commerce business segments through strategic partnerships. The group said that while the media and advertising business will remain the major revenue contributor, PUC’s strengthened FinTech and eCommerce businesses are expected to grow and contribute positively to its overall business in the near future. In a statement following the group’s annual general meeting, the digital service company said a key growth initiative for PUC this year is the introduction of its micro-financing service under the FinTech space through its proposed collaboration with Yayasan Pekerja Malaysia (YAPEM). (The Edge) • Icon Offshore unit slapped with lawsuit over breach of contract Icon Offshore Bhd says its wholly-owned subsidiary Icon Ship Management Sdn Bhd (ISM) has been slapped with a lawsuit for breach of contract in relation to the construction of a platform supply vessel (PSV). In a filing with Bursa Malaysia, Icon said ISM had on Tuesday (June 25) been served a writ of summons and statement of claim from Labuan Shipyard & Engineering Sdn Bhd (LSE). Based on the statement of claim, the suit arises from disputes in connection with an agreement dated Sept 30, 2011 between ISM and LSE in relation to the construction of a PSV, it added. (The Edge) • Loss-making HeiTech Padu reorganises ops around ICT HeiTech Padu Bhd will reorganise the structure of its operations this year to help ride out challenges facing the group, according to its president and executive deputy chairman Datuk Seri Mohd Hilmey Mohd Taib. The information technology systems and technology services provider will focus on three main core areas including strengthening its information and communications technology (ICT) business, continuing to support customers' business via innovative products, and continuing with quality services and delivery, he added. HeiTech Padu expects the ICT business to remain as the major earnings contributor to the group in the current financial year ended Dec 31, 2019 (FY19). (The Edge) PP7004/02/2013(031762) Page 2 of 5 Kenanga Today 28 June 2019 Macro Bits Global Trump agrees to no preconditions for meeting with China's Xi: Kudlow Trump has agreed to no preconditions for his high-stakes meeting with Chinese President Xi Jinping this weekend and is maintaining his threat to impose new tariffs on Chinese goods, White House economic adviser Larry Kudlow said on Thursday. (Reuters) Iran on course to exceed nuclear pact limit within days: diplomats Iran is on course to breach a threshold in its nuclear agreement within days by accumulating more enriched uranium than permitted, although it had not done so yet by a deadline it set for Thursday, diplomats said, citing U.N. inspectors’ data. (Reuters) Malaysia Panda bonds among highlights during China trip — Guan Eng Finance Minister Lim Guan Eng said the issuance of Panda bonds will be among issues to be discussed during his maiden visit to China at the end of this month since assuming the senior government post. (The Edge Markets) MoF to highlight borrowing, tax, worker issues in preparing Budget 2020 — Guan Eng The need to loosen borrowing procedures, tax matters and the hiring of foreign workers are among the main issues to be highlighted in the preparation for Budget 2020, Finance Minister Lim Guan Eng said.
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