13 Feb 2014 -BC Daily Trading Floor

Good morning traders       

Feb 13th - Stocks to Watch Sarawak counters, index stocks, MAS, UWM- OG, Hektar REIT
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its so hot , im sweating when im seating, hopefully the market is as hot as it is  

Good morning Pak Cals and BC comrades     

Cals wrote:its so hot , im sweating when im seating, hopefully the market is as hot as it is  

Pak Cals why so hot?     
Get some beer to cool down        

Good morning to all   ... SCH seems like steaming hot, anyone into this counter ? Hope no one got trap this morning by chasing high  

WinningHeart wrote:

Cals wrote:its so hot , im sweating when im seating, hopefully the market is as hot as it is  

Pak Cals why so hot?     
Get some beer to cool down        

 Too many tongkat ali and herbs I think       
... just joking cals

Trading ideas: MRCB, UMW-OG, Scomi Energy

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pnepco ...   

dsonic ...     

Economy

US: Budget deficit in shrinks Oct-Jan on rise in revenue. The US budget deficit narrowed by 37% in the first four months of the fiscal year compared with a year earlier as spending declined and a stronger economy helped increase revenue. Outlays exceeded receipts by USD184bn from Oct through Jan compared with a USD290.4bn shortfall in the same period a year earlier. Last month‟s deficit was USD10.4bn, compared with a USD2.9bn surplus in Jan 2013. (Bloomberg)

EU: Germany raises growth forecast. The German government on Wednesday raised its 2014 growth forecast and pledged to foster domestic investment and consumption, in a move that could cut the country‟s reliance on its internationally criticised export surpluses. The economics ministry predicted GDP to increase 1.8% in 2014, up from an Oct forecast of 1.7% and well ahead of last year‟s sluggish 0.4%. For 2015, the ministry forecast a further 2% increase. (Financial Times)

China: Strong China trade growth confounds economists. Chinese exports and imports rose sharply in Jan, confounding expectations for a weak start to the year. Exports increased 10.6% from a year earlier, while imports were up 10%. Analysts had forecast flat growth or even declines for both because the base of comparison – Jan of last year – had been distorted upwards by rampant over-invoicing, eliciting a crackdown from the Chinese government. (Financial Times)

India: Consumer inflation, factory output fall after rate rises. India‟s consumer-price growth eased more than analysts estimated in Jan and factory output fell in Dec following an increase in interest rates as central bank Governor Raghuram Rajan fights Asia‟s fastest inflation. The consumer-price index rose 8.79% from a year earlier, compared with 9.87% in Dec. Higher rates have taken a toll on consumer demand, with another report yesterday showing industrial output shrank 0.6% in Dec. (Bloomberg)

Malaysia: Economic growth accelerates on recovery in exports. Malaysia‟s economy expanded at the fastest pace in four quarters as a recovery in advanced nations including the US boosted demand for the country‟s goods. GDP climbed 5.1% in the three months through Dec 31 from a year earlier, after gaining 5% in the third quarter. The economy grew 4.7% last year after a 5.6% expansion in 2012. (Bloomberg)
Markets

UMW Oil & Gas: Buys 2 rigs worth RM1.44bn. In an effort to expand its asset portfolio, UMW Oil & Gas (UMW-OG) has announced the acquisition of two more jack-up rigs worth USD434m (RM1.44bn). The purchase of the two jack-up rigs from Tianjin Haiheng & Offshore Engineering Service came a week after the announcement of its acquisition of its sixth jack-up rig from Singapore‟s Keppel FELS. The latest addition will bring its total fleet to eight. In an announcement with Bursa, UMW-OG said each of the rigs cost RM721m, which would be satisfied in cash. It expected to receive a rig in Sept and the other in Dec. (StarBiz)

MAS: Signs maintenance deal with Pratt & Whitney. Malaysia Airlines (MAS) has signed an exclusive 10-year fleet management programme with Pratt & Whitney to maintain the airline‟s fleet of 43 PW4170 installed engines and spare engines. The agreement, which includes an option to extend the contract for up to five additional years, is valued at about USD510m (RM1.69bn), MAS said in a statement yesterday. Pratt & Whitney, a unit of United Technologies, is a US-based aerospace manufacturer with global service operations. (Bernama)

Scomi Energy: Bags RM195m job in Thailand. Scomi Energy Services (SESB) has bagged a RM195m contract from PTTEP Siam and PTTEP International to provide drilling fluids services for an onshore drilling campaign in Thailand for three years. The deal is SESB‟s largest oilfield services job in Thailand to date. With this award, SESB‟s current order book in Thailand totals RM260m, while its total order book stands at more than RM5.3bn. “With a healthy pipeline of tenders being pursued, SESB‟s growth prospects remain bright,” said Shah Hakim in a statement yesterday. (Financial Daily)

MRCB: Eyeing UEM Builders. Malaysian Resources Corp (MRCB), which is 38.9% owned by EPF, is exploring the possibility of acquiring UEM Builders, to strengthen its construction arm, said sources. It is understood that MRCB has held preliminary talks with UEM Builders, the engineering and construction unit of UEM Group, for a possible takeover. It is unclear why asset-rich MRCB, which last month sold two assets for nearly RM1bn to help pare down debts of RM2.9bn, would be interested to buy UEM Builders, which was delisted from Bursa Malaysia in Nov. 2008. (Financial Daily)

AirAsia: Renewed cost-cutting drive. AirAsia is on a renewed costcutting drive. The company‟s CEO, Tan Sri Tony Fernandes, unveiled its latest initiative of installing self-service machines as check-in counters via several pictures on Twitter yesterday. Fernandes noted that it would be the „first of its cost-reduction methods‟. On a related matter, he urged suppliers to „be efficient and lower costs‟, adding that the company aimed to take 7.5% of cost out to make flying more affordable. (StarBiz)

Transportation: Renovations yet to begin at klia2 main terminal. While the Transport Ministry has affirmed that the new low cost carrier terminal at the Kuala Lumpur International Airport will begin operations on May 2, contractors for AirAsia and Malindo Air have yet to get clearance to begin their renovation works. In the case of AirAsia, sources familiar with the matter said it takes at least three months to complete renovation works that include a lounge, office space for ticketing and lost & found as well as ramp services. (Financial Daily)
MARKET UPDATE

US markets closed marginally lower yesterday as investors took a breather following recent days' sharp increases amid the lack of fresh leads. In recent days, lawmakers lifted the ceiling on the government's debt limit without attaching conditions while new Federal Reserve Chair Janet Yellen reaffirmed continuity in current monetary policies. Procter & Gamble's reduction of its future sales and profit forecasts cast some gloom on economic growth prospects in the US, though not particularly worrisome for now. Overnight, the Dow Jones Industrial Average slipped 0.2% while the S&P 500 was 0.1% lower.

European equities continued on their winning run however, with most major indices closing higher for the day on the back of stronger-than-estimated earnings announcements from the likes of ING Groep NV and Societe Generale SA. News of China‟s exports numbers trumping estimates also lifted sentiment. Italy performed best with the FTSE MIB gaining 1.3% while Germany and France‟s indices rose 0.7% and 0.5%. UK‟s FTSE 100 was largely unchanged while Spain‟s IBEX 35 slipped 0.1%.

Asian stocks traded higher as it drew strength from Chinese trade data which exceeded estimates by a mile. Exports for January 2014 grew 10.6% from a year earlier, far eclipsing the 0.1% forecast while imports also expanded 10.0% for the month. The Shanghai Composite Index only rose 0.3% however, though the Hang Seng Index managed a stronger 1.5% increase. Elsewhere, Thailand‟s SET Index made a strong comeback with a 1.4% gain following recent weeks weakness arising from its on-going political turmoil. Singapore‟s Straits Times Index rose 0.2% while the FBM KLCI made a late surge to close the day in positive territory (+0.1%) ahead of the release of a strong 4Q13 GDP growth number of 5.1%. and bringing full year growth to 4.7% after a slow start at the beginning of the year.

UMW Oil and Gas Corporation (UMWOG) spent big yesterday, as did Malaysia Airlines (MAS) with respective announcements of RM1.4bn and RM1.7bn expenditures. UMWOG‟s RM1.4bn will be for the acquisition of two jack-up drilling rigs while MAS RM1.7bn is for a 10-year fleet management programme with Pratt & Whitney to maintain the airline‟s 43 installed and spare engines. The latter is not exactly earnings-accretive but will at least ensure the reliability of its engines but the former should see progressively stronger earnings growth from these acquisitions. Sarawak-related counters purportedly linked to Pehin Sri Taib Mahmud should see a bounce back in its share prices (if it hasn‟t already) following the appointment of Tan Sri Adenan Satem as the new Chief Minister, ensuring continuity in current state policies.

Source: PublicInvest Research - 13 Feb 2014

line slow ... Zzzz

happy trading ... cya   

anonymous682 wrote:

WinningHeart wrote:

Cals wrote:its so hot , im sweating when im seating, hopefully the market is as hot as it is  

Pak Cals why so hot?     
Get some beer to cool down        

 Too many tongkat ali and herbs I think       
... just joking cals

huhu ...     

 

let umwog chill down first :) buy at deep

dsonic, pnepco ...   

hlk wrote:dsonic, pnepco ...   

what's the story for pnepco

nitezshiro wrote:

hlk wrote:dsonic, pnepco ...   

what's the story for pnepco

i jz buy low wait 4 news  

i hinted when its still low nw its high don chase   

guess other comrades bz counting $$ so quiet ...      

all the best ... cya ...  

Hello hi!!......remember me? 

close of session 

market not much activity today , except SCH

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ace
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warrant - evident here, except misc
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