Category Archives: Klse

RHB Investment Bank

Dear trader,
Potential stock to buy today:
07/10/2016

1) PENSONI (9997)
Price : RM 0.81
Target price: RM 0.925
Cut loss : RM 0.75
*Counter : Non -Syariah

2) PENTA (7160)
Price : RM 1.33
Target price: RM 1.50
Cut loss : RM 1.14
* Counter : Syariah

3) SUNCON (5263)
Price : RM 1.70
Target price: RM 1.87/2.00
Cut loss : RM 1.60
* Counter : Non- Syariah

4) POS ( 4634)
Price : RM 3.85
Target price: RM 4.45
Cut loss : RM 3.57
* Counter : Syariah

5) MATRIX ( 5236)
Price : RM 2.65
Target price: RM 2.80/3.00
Cut loss : RM 2.37
*Counter : Syariah

6) MEXTER (0075)
Price : 0.265
Target price: 0.325
Cut loss : 0.25
* Counter : Non-Syariah

Source : RHB RESEARCH INSTITUTE

++++++++++++++

: ⛽ U.S. crude settled above $50 for the first time since June, underpinned by news of another informal OPEC meeting on output cuts and a surprise drop in stockpiles. Trading, however, was choppy after a price gain of 15% in seven sessions.
* Crude oil $50.44 (+0.61)
* Brent crude $52.54 (+0.68)

Initial claims for state unemployment benefits unexpectedly declined by 5,000 to a seasonally adjusted 249,000 for the week to Oct. 1. The U.S. dollar rose to the highest in more than two months against a basket of currencies as the data reinforced the view that the Fed would raise rates at the end of the year.

U.S. stocks closed near the flatline on Thursday as investors looked ahead to a key employment report.
* Dow -12
* S&P +1
* Nasdaq -9

President Barack Obama declared a state of emergency for Florida and South Carolina on Thursday, as Florida Gov. Rick Scott, begged residents to flee from the predicted landfall of Hurricane Matthew, which is expected to be a Category 4 storm when hits land.

Richmond Fed President Lacker said a strong U.S. jobs report is going to bolster the case for an interest rate increase sooner rather than later, and that “every FOMC meeting is a live meeting” to raise interest rates.

€ European stocks were down as raw-material producing stocks and mining companies fall with the price of Dec. Mining companies fall with the price of Dec COMEX copper down -0.46% at a 3-week low. The week-long holiday in China has reduced demand for copper while a stronger dollar undercuts most commodity prices.

Gold fell for the eighth straight session on Thursday, slipping to a four-month low, pressured by a stronger dollar after U.S. weekly jobless claims fell and ahead of key data that could put the Federal Reserve on track to raise interest rates this year.

FCPO (RM2579, +23) rebounded in the last hour to close higher. Buying was led by profit taking and short covering after 2 1/2 days of relatively sharp losses. Market was under pressure early in the session due to forecast of higher production in October. Fresh factors are still lacking. Nevertheless, the oversold stochastic might bring utter rebound. Nearby premium to forwards month contract narrowing.

++++++++

: Logic Trading Analysis:
BURSA MALAYSIA MARKET IDEAS FRIDAY (07/10/2016):

FBMKLCI VERY UNCERTAIN BUT FAKELY SUPPORTED

Dear All,

The FBMKLCI closed higher at +3.81 point or +0.23% to close at 1666.73.

FBMKLCI yesterday very minimal move remain unchanged again most of the stock under correction.

DJIA remain hovering above 18000, again still very uncertain move around this range. Most probably the market will make us a surprise big up, or another way big waterfall. Do ready our seat belt for the fast and furious.

Although market pretty slow, a few our stock like WCT, EKOVEST have been Meletup kuat.

Do watch closely MYEG as it seem to be going to meletup again

It’s almost time for delivery, and we are ready for this Friday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis
[07/10 09:28] R

+++++++++++++

: TheBursa Analyst:

Friday, 7 October 2016

Dear Retailers,

KLCI up +3.81 to close higher at 1,666.73, DJIA currently unsure of its direction and sits at 18,268. Crude oil is trading at 50, USD strengthen agains MYR and is currently at 4.15. Despite oil prices going up how come our ringgit is not moving ? is it a hint to play on export counters?

Friday 7/10/2016 market ideas:

1. WCT: mainly playing on budget announcement. Today up up again. Cut if close below 1.68.
2. HEVEA: It is trading at its resistance of 1.27, which will determine whether it will break out or not. You can que lower , or you can buy at breakout 1.28. Cut loss if it goes below 1.24.
3. TALIWRK (refer to 6/10) really many FIFO play but holders don’t worry, it is at support now. I think this counter will give love letter soon.
4. OWG : bullish signs appear, it is now at its support. OWG cut if below 2.24.
5. SKPETRO and DIALOG to rally along with oil. SKPETRO cut if below 1.59 and DIALOG close below 1.5 then cut loss. SKPETRO is up up and DIALOG is currently on support.

Continue to follow:
1. Kimlun (midterm): First highlighted two days ago when price was 2.14. any pull back is a good chance to enter and remain TP of 2.50.
2. OCNCASH (midterm / contra) both also can. As long as it stay above the 0.4 line, it will have chance to shoot up.
3. WCT cut loss refer to 6/10/2016
4. Pwf (20/9), suncon 28/9 If you have these just continue to hold. Already bullish, any retracement can consider to increase position in suncon.

FRIDAY ! SALES DAY !

Views – 88