Diary Malaysia Tuesday Sept 19

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS 

TUESDAY, SEPTEMBER 19 

KUALA LUMPUR-Press Conference on Permodalan Nasional Bhd Investment's Fiesta, Executive Lounge, Level 39, Menara PNB, Jalan Tun Razak, Kuala Lumpur at 1130 (0330 GMT) 

WEDNESDAY, SEPTEMBER 20 

KUALA LUMPUR-Release of August 2017 Consumer Price Index at 1200 (0400 GMT) 

THURSDAY, SEPTEMBER 21 

KUALA LUMPUR-Market and Public Holiday-Islamic New Year Holiday 

FRIDAY, SEPTEMBER 22 

KUALA LUMPUR-Release of Bank Negara's remote holds as at 15 September 2017 at 1500 (0700 GMT) 

FRIDAY, SEPTEMBER 29 

KUALA LUMPUR-Release of August 2017 Money Supply Data at 1500 (0700 GMT) 

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end August 2017 at 1200 (0400 GMT) 

FRIDAY, OCTOBER 6 

KUALA LUMPUR-Release of August 2017 External Trade Statistics at 1200 (0400 GMT) 

KUALA LUMPUR-Release of Bank Negara's remote holds as at 29 September 2017 at 1500 (0700 GMT) 

THURSDAY, OCTOBER 12 

KUALA LUMPUR-Release of August 2017 Industrial Production Index at 1200 (0400 GMT) 

WEDNESDAY, OCTOBER 18 

KUALA LUMPUR-Market and Public Holiday-Deepavali 

FRIDAY, OCTOBER 20 

KUALA LUMPUR-Release of September 2017 Consumer Price Index at 1200 (0400 GMT) 

KUALA LUMPUR-Release of Bank Negara's outside stores as at 13 October 2017 at 1500 (0700 GMT) 

MONDAY, OCTOBER 31 

KUALA LUMPUR-Release of September 2017 Money Supply Data at 1500 (0700 GMT) 

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end September 2017 at 1200 (0400 GMT) 

FRIDAY, NOVEMBER 3 

KUALA LUMPUR-Release of September 2017 External Trade Statistics at 1200 (0400 GMT) 

TUESDAY, NOVEMBER 7 

KUALA LUMPUR-Release of Bank Negara's outside stores as at 31 October 2017 at 1500 (0700 GMT) 

THURSDAY, NOVEMBER 9 

KUALA LUMPUR-Release of Monetary Policy Statement at 1500 (0700 GMT) 

KUALA LUMPUR-Release of September 2017 Industrial Production Index at 1200 (0400 GMT) 

FRIDAY, NOVEMBER 17 

KUALA LUMPUR-Release of Malaysia's third Quarter 2017 GDP at 1200 (0400 GMT) 

WEDNESDAY, NOVEMBER 22 

KUALA LUMPUR-Release of Bank Negara's outside stores as at 15 November 2017 at 1500 (0700 GMT) 

KUALA LUMPUR-Release of October 2017 Consumer Price Index at 1200 (0400 GMT) 

THURSDAY, NOVEMBER 30 

KUALA LUMPUR-Release of October 2017 Money Supply Data at 1500 (0700 GMT) 

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end October 2017 at 1200 (0400 GMT) 

FRIDAY, DECEMBER 1 

KUALA LUMPUR-Market and Public Holiday-Prophet Muhammad's Birthday 

THURSDAY, DECEMBER 7 

KUALA LUMPUR-Release of Bank Negara's outside stores as at 30 November 2017 at 1500 (0700 GMT) 

FRIDAY, DECEMBER 22 

KUALA LUMPUR-Release of Bank Negara's outside stores as at 15 December 2017 at 1500 (0700 GMT) 

MONDAY, DECEMBER 25 

KUALA LUMPUR-Market and Public Holiday-Christmas Day 

WEDNESDAY, DECEMBER 29 

KUALA LUMPUR-Release of November 2017 Money Supply Data at 1500 (0700 GMT) 

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end November 2017 at 1200 (0400 GMT).

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Stocks advisory in Malaysia - Maxis share price down after placement exercise

PETALING JAYA: Maxis Bhd's offer cost went under offering weight taking after its position of offers in an activity that saw the telco raising some RM1.656bil. 

The offers were around 5% to close at RM5.62, wiping out near RM2bil from its market capitalisation which remained at RM42.2bil. Volume was likewise high, with 17.57 million offers evolving hands.  

Merchants said the offering was because of a few speculators being worried about the profit weakening and vulnerabilities over profit spill out of the main telco.

"There would be some shade in the offer cost until income begin to develop," said a merchant.

The telco reported yesterday that it had raised RM1.656bil from the situation of 300 million offers at RM5.52 per share, taking after the culmination of its book-building process.  -

It said the situation pulled in both neighborhood and remote institutional financial specialists, with the book being oversubscribed.

"The issue cost was settled at RM5.52 per situation share, speaking to a rebate of roughly 6% to the end cost of Maxis on June 16.

"This new value will reinforce Maxis Group's budgetary position and will offer adaptability to subsidize future range task expenses and development methodology," it said in an announcement.

MIDF Research said the activity would likewise make monetary adaptability for Maxis to finance its future range task charges, plant development and development methodology should the open door emerge.

It said the returns from the position would bring about Maxis seeing upgraded money streams, liquidity, premium cost investment funds and enhanced outfitting levels.

MIDF Research, which has an "impartial" approach the counter, in any case, noticed that the telco's aggregate endorsers keep on shrinking.

"Maxis' engaging quality as a profit play stock has likewise faded because of the adjustments in its profit payout approach," it said.

PublicInvest Research, in the mean time, said the proposed practice did not come as an astonishment, given the telco's high outfitting level and heavier capital use in perspective of the rising range cost.

"We trust the planning of this raising money practice is perfect, as Maxis' profit stay versatile at this crossroads because of its exceptional marking and better system framework relative than peers.

"This, nonetheless, may not be managed moving into 2018, as we anticipate that companions will enhance item offerings and nature of administrations once they reveal extra range under the 900/1,800 MHz groups," it said.

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Telekom, Genting Plantation, CBIP, Old Town earnings above forecast

KUALA LUMPUR: Telekom Malaysia, Genting Plantation, CBIP, Lafarge, Old Town, Genting's Singapore unit detailed income which were above Kenanga Investment Bank's desires. The exploration house said on Thursday these six organizations out of the 14 comes about beat its appraisals while two were beneath and six others in line. 

Kenanga, which has an Outperform for TM and target value (TP) of RM6.80, said the telco's FY16 topped its appraisals somewhat by 5% inferable from lower tax collection in 4Q16 accordingly of the last mile broadband motivating force. 

"Regardless, we trimmed FY17E by 5% in the wake of checking on some of our suspicions on administration's most recent direction. Still OP with lower target cost of RM6.80 from RM6.98," it said. With respect to Genting Plantations (advertise perform, TP RM12.40), the FY16 beat house/road's desires by huge edges of 19%/13% attributable to higher unrefined palm oil and palm bit CPO costs by 24%/60% as creation diminished which saw 4Q16 income taking off 36% successively to RM132.7mil. 

"In any case, 1Q17 is relied upon to be blended as the perky upstream business will be counterbalanced by start-up cost for downstream exercises on new refinery. No adjustments in MP/TP: RM12.40 gauges," it said. Kenanga Research said CBIP (MP; TP RM2.15) FY16 additionally beat its assessments by 11% because of preferred manor commitment and higher over expected RSPV section edges. 

Our recommendation for KLSE investors. 

1. PETRONM
2. EKOVEST
3. RGB
4. SIGGAS
5. OLDTOWN

KLSE INTRADAY SIGNALS: BUY SIGGAS AT 0.610 TARGET 0.635, 0.660 SL 0.580 

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Bursa Malaysia ends morning session lower

KUALA LUMPUR, Feb 8 - Bursa Malaysia finished the morning session bring down today, dragged around gentle benefit taking in chose blue chips, for example, BAT and Petronas Gas. 

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.83 of-an indicate 1,688.09, in the wake of opening 1.70 focuses weaker at 1,687.14 from its end of 1,688.84 yesterday. 

The key record moved in the vicinity of 1,686.03 and 1,690.22 all through the session. 

Failures in the composite file segment stocks were driven by BAT which fell 42 sen to RM44.38, trailed by Petronas Gas which facilitated 34 sen to RM20.36, SAM Engineering losing 17 sen to RM5.40 and MISC falling 15 sen to RM7.40. 

The simpler neighborhood bourse was likewise couple with the majority of its provincial companions. 

Singapore's Straits Times list facilitated 0.35 for each penny to 3,060.96, South Korea's KOSPI lost 0.56 for every penny to 2,063.68 and Hong Kong's Hang Seng Index dropped 0.09 for each penny to 23,310.29. 

Hong Leong Investment Bank Bhd expects here and now benefit taking to rise if huge recuperation in shale oil generation can constrain the upside in unrefined petroleum costs, with offering weight seen among vitality stocks in the end. 

"Albeit specialized markers are still positive on the FBM KLCI, exchanging slant may stay mindful given the ringgit's debilitating predisposition. 

"Consequently, the FBM KLCI may exchange on a descending predisposition mode in the midst of a pullback in oil and gas stocks," it said in a note today. 

On the more extensive market, failures drove gainers 382 to 336 with 376 counters unaltered, 602 untraded and 15 others suspended. 

Turnover remained at 1.26 billion shares worth RM907.54 million. 

The FBM Emas Index lost 6.30 focuses to 11,887.21, the FBMT100 Index fell 9.00 focuses to 11,569.71 and the FBM Emas Shariah Index declined 9.06 focuses to 12,426.02. 

The FBM 70 fell 14.56 focuses to 13,736.85 and the FBM Ace limited 36.20 focuses to 5,183.24. 

Division astute, the Plantation Index was 1.88 focuses bring down at 8,170.35 and the Industrial Index facilitated 20.04 focuses to 3,195.35 

The Finance Index expanded 16.71 focuses to 14,886.39. - Bernama

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Key Asian markets climbed at the midday break on Monday

KUALA LUMPUR: Key Asian markets moved at the early afternoon break on Monday as hypothesis that the US Federal Reserve won't raise financing costs helped speculator feeling. 

At early afternoon, the KLCI was up 1.9 focuses or 0.11% to 1,686.91 as it cooled off after its rally last Friday. Turnover was 1.34 billion shares esteemed at RM870.03mil. There were 469 gainers, 318 failures and 313 counters unaltered. 

Reuters detailed most Southeast Asian securities exchanges edged higher on Monday, with prospects of a rate climb one month from now by the Fed darkening as information indicated compensation scarcely climbed, softening the dollar and loaning backing to developing markets. 

The ringgit solidified against the US dollar to 4.4240 from 4.4280 and picked up versus the pound sterling at 5.5228 from 5.5439. 

In any case, it slipped against the Singapore dollar to 3.1423 from 3.1312 and debilitated against the Euro to 4.7684 and 4.7570. 

Rough palm oil for third-month conveyance rose RM3 to RM3,058 per ton. Batu Kawan rose 40 sen to RM19.50 as it was viewed as underestimated. Batu Kawan is a noteworthy shareholder of Kuala Lumpur Kepong (KLK). 

KLK rose 30 sen to RM24.80 and IJM Plantations added 18 sen to RM3.58 with 100 shares done. IOI Corp added two sen to RM4.64, PPB Group was level at RM16.38 and Sime Darby fell six sen to RM8.98. 

Axiata rose 12 sen to RM5.07 and pushed the KLCI up 1.77 focuses. Maxis propelled eight sen to RM6.19, Digi added five sen to RM5.10 however Telekom lost one sen to RM5.99. 

MAHB bounced 26 sen to RM6.60 on the expansion of the concession for the air terminals. 

Scomi Engineering climbed 10.5 sen to 42 sen and Scomi two sen higher at 17.5 sen on a news report of China organizations quick to take up a stake in the gathering's railroad operations. 

Among the banks, RHB Bank rose three sen to RM4.99, Maybank and AmBank edged up one sen to RM8.21 and RM4.54, CIMB was level at RM4.97, Public Bank fell two sen to RM20.18, Hong Leong Bank was down 16 sen to RM13.24. 

KPI REIT, which made its exchanging presentation, was level at RM1. 

US light raw petroleum rose 18 pennies to US$54.01 while Brent picked up 18 pennies to US$56.99. 

Petronas Chemicals rose two sen to RM7.15 yet Petronas Gas fell two sen to RRM20.58 and Petronas Dagangan four sen bring down at RM23.44. 

With respect to purchaser stocks, Apollo rose 23 sen to RM5.20 and Nestle 22 sen higher at RM76.32 yet BAT fell 46 sen to RM44.86 and F&N fell 14 sen to RM23.62. 

Among the key territorial markets, 

Japan's Nikkei 225 shed 0.02% to 18,913.56; 

Hong Kong's Hang Seng Index rose 0.62% to 13,272.85; 

CSI 300 rose 0.38% to 3,377.19; 

Shanghai's Composite Index increased 0.47% to 3,154.78; 

Hang Seng China Enterprise bounced 1.34% to 9,812.52; 

Taiwan's Taiex increased 0.85% to 9,536.40; 

South Korea's Kospi added 0.23% to 2,077.97; and 

Singapore's Straits Times Index added 0.44% to 3,055.19. 

Spot gold picked up US$3.10 to US$1,223.40.

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UMW exits oil and gas business

KUALA LUMPUR: UMW Holdings Bhd, a combination with intrigue principally in car and substantial gear, will leave the oil and gas (O&G) business through a progression of corporate activities. 

It will likewise make hindrances for its non-O&G resources as a feature of a measure to totally leave the part. 

The add up to be weakened will be revealed in its last quarter comes about for 2016 that will be declared at end-February. 

"In seeking after the divestment of the non-recorded O&G resources, UMW will embrace an impedance. The quantum presently can't seem to be resolved," said UMW president and gathering CEO Badrul Feisal Abdul Rahim at a question and answer session. 

UMW's exit from the O&G segment is through a progression of corporate activities. It incorporates a profit in specie and a capital infusion evaluated at RM750mil by its real shareholder Permodalan Nasional Bhd (PNB) into another broadened O&G furnish that will have Ekuiti Nasional Bhd (Ekuinas) as a shareholder. 

Under the work out, UMW will disperse its 55.7% stake in UMW Oil and Gas Corp Bhd (UMW-OG) to shareholders. 

Taking after that, UMW-OG will assume control over Ekuinas' 42.3% stake in Icon Offshore Bhd, setting off an obligatory general offer. 

UMW-OG will offer Icon shareholders an alternative of money of 50 sen every share or one UMW-OG share esteemed at 80 sen.

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Blue chips extend recovery while Ekovest in focus, Ringgit firmer

KUALA LUMPUR: Blue chips kept on recouping early Wednesday for the second day after Monday's tumble, with Petronas Gas and Hong Leong Bank supporting the FBM KLCI, while the Ringgit solidified against the US dollar. At 10am, the KLCI was up 3.43 focuses or 0.21% to 1,666.46. Turnover was 531.27 million shares esteemed at RM213.22mil. There were 261 gainers, 207 failures and 283 counters unaltered. The Ringgit rose 0.36% to 4.4440 against the dollar from the past close of 4.4600.Year-to-date, the ringgit is up 0.91% to the greenback. 

Reuters detailed the US dollar record floundered close to six-week lows on Wednesday, constrained by U.S. President-elect Donald Trump's remarks demonstrating worry over the cash's quality, while sterling edged down subsequent to posting its greatest one-day pick up since no less than 1998 after British Prime Minister Theresa May sketched out her "Brexit" arranges. 

Unrefined petroleum prospects edged higher on Wednesday with a weaker dollar supporting the market, despite the fact that additions were constrained by desires that U.S. makers would support yield, Reuters included. 

US West Texas Intermediate (WTI) raw petroleum fates were exchanging up three pennies at US$52.51 per barrel at 0058 GMT. Brent unrefined petroleum, the global benchmark at oil costs, was up four pennies US$55.51 a barrel.  Petronas Gas rose 22 sen to RM20.12 while Hong Leong Bank added eight sen to RM13.32. 

Ekovest added nine sen to RM2.61 with 3.07 million shares done after it reported arrangements to manufacture a RM6.32bil turnpike that comprises of Kampung Baru Link, Istana Link and Kapar Link Expressway in the Klang Valley. The new road will be connected to the current DUKE interstate.  Toyo Ink added 9.5 sen to 60 sen while KESM and Solid Automotive added eight sen each to RM10.08 and RM1.34. Matang, which was recorded on Tuesday, was the most dynamic with 44.1 million shares done. It was level at 14 sen. BAT fell the most, down 16 sen to RM44.84 with 2,200 shares done.

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'Framework will take Malaysia a step forward'

KUALA LUMPUR: Market specialists and experts are sure on the new Islamic Fund and Wealth Management Blueprint. Permodalan Nasional Bhd bunch director Tan Sri Abdul Wahid Omar said the plan would step forward in Islamic back, whose size added up to US$1.7 trillion (RM7.6 trillion). 

"Among the numerous activities, I see there is additionally a need to grow more syariah-consistent stocks. "There are numerous nearby stocks that are by nature syariah-consistent however how they are financed, and as far as their obligation, may not be syariah-agreeable," he told NST Business after the plan's dispatch, here, yesterday. Wahid said the business ought to do a more thorough screening to build the quantity of syariah-consistent stocks. 

PwC Malaysia official administrator Datuk Mohammad Faiz Azmi said the plan was well-thoroughly considered. "We as of now have a decent lot of items and minimum amount with regards to Islamic back. Since we have an item, the following stride is to get more shoppers on board." He said something that he enjoyed most was the Securities Commission's drive in digitizing the Islamic back industry to cut down the cost. 

"When we can cut down the cost, we will have the capacity to make the estimating more aggressive and that will acquire more customers." Faiz said generally speaking, the outline was opportune. "We have done well with making the items and now we will make more interest for the items on the grounds that with the goal for us to hold our authority inside Islamic back, we have to move outside Malaysia. This plan will help us with that." 

Principal Financial Group Asia administrator Rex Auyeung said the outline would help Malaysia keep up its authority position in Islamic fund. "This is a key favorable position that this market has and on the off chance that we begin from here, having a gathering ensuring we gather enough enthusiasm from everywhere throughout the world, I think this is truly going to profit Malaysia's capital market. 

This outline will end up in a good place," he included. Eastspring Investments Bhd CEO Raymond Tang said the diagram gave an unmistakable bearing towards the development of Islamic fund. "The outline is one of the approaches to address issues that have been ruining the development of union of the Islamic capital market." Retirement Fund Inc CEO Datuk Wan Kamaruzaman Wan Ahmad said the diagram was a decent rule with a reasonable way to achievement. "It will now rely on upon the whole biological system to receive the outline. It needs every player's participation to make it a win," he included. Farah Adilla, Lidiana Rosli and Amir Hisyam Rasid

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KLCI regains buying support, PetChem and Tenaga boost

KUALA LUMPUR: Petronas Chemicals and Tenaga Nasional supported the FBM KLCI's recuperation at noontime at Thursday, amplifying its increases from the earlier day however the more extensive market was blended and raw petroleum costs slipped. 

At 12.30pm, the FBM KLCI was up 3.31 focuses or 0.18% to 1,633.61. Turnover was 993.37 million shares esteemed at RM502.60mil. There were 271 gainers, 330 failures and 336 counters unaltered. 

The ringgit slipped against the US dollar to 4.4843 from 4.4835 while the one-month non-deliverable forward was at 4.5050. It additionally debilitated against the Singapore dollar to 3.0940 from 3.0903. 

It moved against the pound sterling to 5.4950 from 5.4954 and was at 4.6886 against the Euro from the earlier day's end of 4.6816. 

Reuters reported China stocks turned around early misfortunes and edged higher on Thursday morning in the midst of indications of facilitating liquidity push. The CSI300 file rose 0.2% to 3,309.78 and the Shanghai Composite Index increased 0.2% to 3,109.14. 

The Hang Seng record dropped 0.1% to 21,733.26, while the Hong Kong China Enterprises Index lost 0.3% to 9,275.77. 

At Bursa Malaysia, FoundPac was among the top gainers on its posting debut on the Main Market, up a solid 13.5 sen to 67.5 sen with about 41 million shares done. 

US oil costs fell on Thursday after an industry report demonstrated a shock work in the nation's rough inventories, while Brent fates fell off early lows to exchange barely higher, Reuters reported. US light rough prospects fell 24 pennies to $53.82 and Brent shed two pennies to US$56.20. 

Petronas Chemicals rose six sen to RM6.93 and bumped the KLCI up 0.78 of a point while Petronas Gas rose two sen to RM21.30 and Petronas Dagangan was level at RM23.50. 

Sumatec was up one sen to 7.5 sen and it was the most dynamic with 112 million shares done while KNM added 1.5 sen to 35.5 sen. 

Tenaga rose eight sen to RM13.68 and pushed the KLCI up 0.74 of a point. IJM Corp increased eight sen to RM3.27. 

Among the banks, Hong Leong Bank was the top gainer, up 18 sen to RM13.26, Public Bank added two sen to RM19.70, Maybank added one sen to RM7.96 while CIMB was level at RM4.56. 

Rough palm oil for third month conveyance shed RM2 to US$3,106 per ton. IOI Corp rose six sen to RM4.41, KL Kepong added four sen to RM23.72 and PPB Group two sen higher at RM15.90. Sime Darby added four sen to RM8.12. 

Among the purchaser stocks, F&N recaptured footing and added 44 sen to RM23.30 however Nestle fell RM1.02 to RM77.48 and BAT was down 42 sen to RM42.98. 

With respect to telcos, Maxis fell the most, down eight sen to RM6.02 and Axiata shed four sen to RM4.58 however Digi rose two sen to RM4.96 and Telekom five sen hiugher at RM6.08. 

Spot gold added US$7.62 to US$1,149.29.

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