Monthly Archives: September 2016

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Corporate News Roundup

1⃣ PRG is considering listing its manufacturing business on the Growth Enterprise Market of the HKEX.

2⃣ Shares of Lion Corp will be removed from the Main Market of Bursa on Oct 12, as the stock regulator declined to grant further extension to submit its regularisation plan.

3⃣ Chang Choon Ming, the single largest shareholder of AEM, has directly emerged in interconnect and cable solutions provider, Connect.

4⃣ SUNREIT said its senior independent non-executive director Tan Sri Ahmad Mohd Don will replace Cheah as independent non-executive chairman, starting Oct 1.

5⃣ TGOffS is proposing a par value reduction, involving the cancellation of 40sen of the par value of its current shares of 50sen, to set off against its accumulated losses.

6⃣ NPC is proposing to dispose a palm oil mill and land in Sabah for a total of RM47.5m to Budaya Potensi SB.

Financial Result Highlight

Hiap Teck posted its 2nd consecutive quarter in the black, recording a net profit of RM7.88m in 4QFY16.

BJ Media saw its net loss widen sharply to RM2.12m (0.9 sen/share) in 1QFY17, mainly due to lower revenue, coupled with impairment loss incurred on certain quoted investments.

Crescendo saw its net profit for 2QFY17 jump almost 14x to RM44.41m, thanks to a one-off fair value change of investment properties, amounting to RM41.4m.

Sources: theedgemarkets.com ; thestar.com

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The Trusted Bursa Analyst:
Friday, 30 September 2016

Dear Traders,

KLCI after undecided for two days today show some sign of bullishness and closed at 1669.64 ( +4.58/ +0.28%)

Bulls everywhere except the German DAX.
Australia S&P/ASX 200, Indonesia IDX, HSI, Japan Nikkei, Korea Kospi, and Taiwan Weighted up up.

• The USD Weakened against our MYR and closed at a low of 4.112
• Crude Oil prices rallied at OPEC’s agreement and closed high at 48.03

DJIA closed higher at 18,325. BULL!

Yesterday, stocks such as Arank(good result + breakout with volume), Skpetrol (due to OPEC’s deal), Ocncash( Breakout with volume), cscsteel (some steel continuation) moved.

As predicted, Pestech went up too fast and I warned you about the bull tripped by bear. Comfort hit a high of 0.81 and closed lower at 0.78.

Todays stock to watch are :

1. OCNCASH most likely to move up higher ! reach the sky !
2. AMFIRST- SUPER POWER TODAY! Tomorrow continue, cut if this closes below RM 0.80
3. Hiaptek- should be falling already due to not so cantik QTR. (I hope people don’t get trapped by this)

Market might be slow, because Monday is a holiday. Anyways TGIF !

Follow Your Trusted Bursa Analyst Channel for stockpicks and daily update.

https://telegram.me/TTrustedBA

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Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS FRIDAY (30/09/2016):

FBMKLCI A BETTER OCTOBER ?

Dear All,

The FBMKLCI closed higher at +4.68 point or 0.28% to close at 1669.64.

FBMKLCI stay sideline without much movement, mostly will holding well until September end. If October first week movement pointing upwards then we will have a great month !

DJIA staying positive without any big fall sign, OPEC have some deal boost oil price up a bit. Everytime oil price up, DJIA and world market will tend to do better. I can’t understand why but that’s been monitor and it’s related.

Today I like to special highlight OCNCASH, finally bullish breakout, I suggest to monitor closely this counter as the upcoming financial result are expecting to be good. It’s potentially to break new high !

Yesterday we told ARANK and its MELETUP ! Would OCNCASH do the same?

Follow us, we will not simply give any stock picks everyday :
https://telegram.me/ltachannel !

Friday and Happy Holiday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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The Trusted Bursa Analyst:
Market is bad, I would suggest traders to stay away from, such market !! Please to safe , as the saying goes better safe than sorry !! And with Monday holiday, more bad for those who increase position today!! Decrease position.. The sky is the limit OCNCASH counter also no move, but all of you can consider that stock for midterm ! #noregrets stock.

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Views – 66

M+ Online Morning Buzz – 29Sep16*

*Dow Jones: 18,339.24 pts (+110.94pts, +0.61%)*
U.S. stockmarkets extended their gains after the surprise move from OPEC agreement to curbs on production. Next resistance will be located around the 18,400 level.

*FBM KLCI: 1,664.96 pts (+0.24pts, +0.01%)*
The FBM KLCI could extend its gains, taking cue from the positive developments in Wall Street overnight coupled with the rally in crude oil prices. Upside target might be envisaged around the 1,680 level.

*Crude Palm Oil: RM2,605 (-RM58, -2.18%)*
Crude palm oil price extended its losses in anticipation of an increase in output production coupled with rising soybean production. The immediate support is pegged near the RM2,500 level over the near term.

*WTI Crude Oil: $47.05 (+$2.36, +5.33%)*
Crude oil rallied above the US$47 level after OPEC members have agreed to cut production for the first time in eight years. Crude oil may rally towards the US$50 levels.

*Gold: $1,321.54 (-$5.79, -0.44%)*
Gold fell to a one-week low on the back of stronger US dollar and mixed views on the potential interest rate hike in December.

*Economic Releases:*
Eurozone – Business Confidence – 29Sep16, 5.00PM
US – 2Q2016 GDP Growth Rate – 29Sep16, 8.30PM

*Bursa Malaysia Trade Statistics – 28Sep16*
Institutions: *Net BUY* 39.4 mln (60.9%)
Retail: *Net SELL* 7.6 mln (14.9%)
Foreign: *Net SELL* 31.8 mln (24.2%)

*Potential Momentum Stocks – 29Sep16*
*Stock Name: WASEONG (5142)*
Entry: Buy above RM0.885
Target: RM0.94 (6.2%), RM1.00 (13.0%)
Stop: RM0.855 (-3.4%)
Shariah: No
Technical: Potential T+4 formation breakout

*Stock Name: TALIWRK (8524)*
Entry: Buy above RM1.50
Target: RM1.60 (6.7%), RM1.71 (14.0%)
Stop: RM1.45 (-3.3%)
Shariah: Yes
Technical: Potential consolidation breakout

_*Source: Bloomberg, M+ Online*_

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TraderL:
STOCK WATCH ( 29/9/16, THURSDAY)
1.) MRCB
2.) RCECAP
3.) JTIASA
4.) MYEG

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Logic Trading Analysis:
1664.96 +0.24 +0.01

BURSA MALAYSIA MARKET IDEAS THURSDAY (29/09/2016):

FBMKLCI FAKE HOPE ALL AROUND

Dear All,

The FBMKLCI closed higher at +0.24 point or 0.01% to close at 1664.96

FBMKLCI stay sideline without much movement, mostly will holding well until September over. Hopefully a big fall will come in first week of October.

DJIA also moving flat at the moment, we don’t expect a strong upside at the moment. If got big correction towards 17000 would be best for the market.

Our market beside metal theme, other than that not much stock are at bottom or good to goreng. Of course good result like ARANK will be notice by every one, just like TECGUAN good result and limit up because market lack of good reason to goreng.

Any good reason will be a goreng chance. We also see from DRBHCOM which we share in our channel yesterday.

Stock remain tops picks like MYEG, DSONIC, IQGROUP, AIRASIA and a few will be our focus.

Follow us, we will not simply give any stock picks everyday :
https://telegram.me/ltachannel !

Be ready always better than be hurry this Thursday !
++++++++++++

KLSE StockAlliance:
29/9/2016 Stock Picks
1. PESTECH / TALIWRK / ELSOFT
2. SAMCHEM / VERSATL / SYF
3. CEPAT / ATTA / BREM

Stock Alliance
The information contained in this channel is for general information purposes only. Any reliance you place on such information is therefore strictly at your own risk.
We hope to bring profit to everyone as we did in today.

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*RHB♦Investment Bank

Dear My Value Client,
Potential stock to buy today:
Date/日期 : 29/09/2016

1) *ELSOFT (0090)*
Price/现价 : 1.96
Target price/目标价: 2.10/2.30
Cut loss/止损价 : 1.79
**syariah
Sector/领域: Technology

2) *ARANK (7214)*
Price/现价 : 0.935
Target price/目标价: 1.00/1.10
Cut loss/止损价 : 0.86
** syariah
Sector/领域: Industrial

3) *KPS (5843)*
Price/现价 : 1.26
Target price/目标价: 1.42
Cut loss/止损价 : 1.13
** syariah
Sector/领域: Trading/Services

4) *SAMCHEM (5147)*
Price/现价 : 1.16
Target price/目标价: 1.31
Cut loss/止损价 : 1.04
** Non syariah
Sector/领域: Trading/Services

Source : RHB RESEARCH INSTITUTE

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UOBKH Retail Market Monitor 29 September 2016

FBMKLCI 1,664.96 (+0.24,+0.01%)
Support: 1,648, 1,640
Resistance: 1,692, 1,700

Top Gainers: Genting Malaysia (+5.2%), RHB Bank (+2.3%) and AMMB
Holdings (+1.7%)
Top Losers: British American Tobacco (-2.0%), Petronas Chemicals Group
(-1.5%) and Axiata Group (-1.5%)

Stocks to watch:
1) CUSCAPI; Technical Buy with +38.7% potential return
*Last: RM0.130 Target: RM0.215, RM0.240 Stop: RM0.095
*Timeframe: 2 weeks to 2 months

2) O&C RESOURCES; Technical BUY with +32.9% potential return
*Last: RM0.385 Target: RM0.495, RM0.545, Stop: RM0.340
*Timeframe: 2 weeks to 2 months

3) VERSATILE CREATIVE; Technical BUY with +33.6% potential return
*Last: RM1.19 Target: RM1.41 RM1.59, Stop: RM0.995
*Timeframe: 2 weeks to 2 months

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Trading Ideas Bursa Malaysia:
29 September 2016, Wednesday

US Market :
U.S. stocks rallied Wednesday on the back of a jump in oil prices after reports that OPEC had reached a deal to cut production.

Europe Market :
European indexes closed higher on Wednesday, with investor sentiment buoyed by a rally in Deutsche Bank shares and a strong performance in the basic resources stock sector.

Precious Metal Gold :
Gold prices fell for the second straight day and hit a one-week low on Wednesday, pressured by earlier strength in the U.S. dollar and as investors assessed Federal Reserve Chair Janet Yellen testimony before a congressional committee. Yellen was thrust into the election-year boxing ring during the hearing, defending the central bank’s regulatory role and considering changing the annual stress tests it gives to U.S. banks to see if they can withstand a massive financial crisis.

Crude Oil :
Oil prices settled up nearly 6 percent on Wednesday after OPEC sources said the group has struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since the market crashed two years ago on oversupply.

Indices & Commodities :
DJIA : 18,339.24 (+110.94)
S&P500 : 2,171.37 (+11.44)
NASDAQ : 5,318.55 (+12.84)
DAX : 10,438.34 (+76.86)
FTSE : 6,849.38 (+41.71)
EuroStoxx50 : 2,990.44 (+19.60)
Comex Gold : 1323.7 (-6.7)
Comex Copper : 2.1875 (+.0165)
WTI Crude Oil : 47.05 (+2.38)
Brent Crude Oil : 49.24 (+2.72)

Economic Events :
3.00PM – EUR Spanish CPI (YoY), Spanish HICP (YoY) (Sep)
3.55PM – EUR German Unemployment Change & Rate (Sep)
8.00PM – EUR German CPI (MoM) (Sep)
8.30PM – USD GDP (QoQ) (Q2), GDP Price Index (QoQ) (Q2), Goods Trade Balance (Aug), Initial Jobless Claims
10.00PM – USD Pending Home Sales (MoM) (Aug)

FX &Bonds :
USD/MYR – 4.106
EUR/USD – 1.122
GBP/MYR – 5.357
AUD/MYR – 3.159
SGD/MYR – 3.021
Msia 10 yr Bond Yield – 3.55%

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Trading Ideas Bursa Malaysia:
Market News Roundup

1⃣ Battersea Power Station has confirmed that Apple will be the largest office tenant, utilising almost half of the facility as a new campus. Britain-based Battersea Power Station Development Co, it is owned by Malaysian shareholders Sime, SP Setia & EPF.

2⃣ DRB-Hicom said 5 candidates have been shortlisted as potential collaborator for its ailing subsidiary Proton Holdings.

3⃣ Utusan, Ancom, Media Prima & SJC, have been awarded 10-year advertising concession packages on the MRT Sungai Buloh-Kajang Line, also known as MRT1.

4⃣ Bernama reported that the SC has reprimanded and imposed penalties on 2 ED of Dufu for causing wrongful loss to the company.

Financial Result Highlight

SKPetro’s 2Q net profit grew 8% to RM112.27m in the absence of O&G property impairment provision and as operating income rose.

Impairment losses have led to VS’s net profit for 4QFY16 tumbling 79.2% to RM10.94m.

Yinson’s net profit for 2QFY17 fell 23% to RM60.3m due to lower other operating income and higher administrative expenses.
Prepared by Alan Tan Jssb
Gamuda’s net profit for 4QFY16 remained largely flat at RM152.1m, thanks to cost-savings recognised from the completion of MRT1.

Sources: theedgemarkets.com ; thestar.com

 

Views – 55

TheBursa Analyst:
Wednesday, 28 September 2016

Dear Traders,

The KLCI closed lower at 1664.72. Since yesterday the market is still undecided which direction to go, whether to continue up or go down. However looking at the bullishness around us, I am expecting Wednesday to be bullish as well.

Australia’s S&P/ASX 200, and the German DAX showed sign of slight bearishness while,
China A50, Taiwan Weighted, Korea’s KOSPI, Indonesia’s IDX, HSI and the Japan Nikkei is bullish after a slump Monday.

• The USD STRENGHTENED against our MYR and opened at 4.1375.
• Crude Oil prices opened lower at 45.63 after the hope OPEC give us to Freeze Oil Production seems to be fading again after they have set for a NO DEAL on oil output as the Saudis and IRAN at loggerheads, stating that it is not the time to make decision. However there will be another meeting which they will ‘try’ to reach an agreement on 30 November in Vienna.

DJIA opened at 18,099 and seems to be recovering after Hilary trumps Trump in the first presidential debate!

Moving Stocks to watch (28/ September) :

SUNCON: Monitor this counter, possible spike soon. Cut if close below RM1.60

PESTECH: Mentioned yesterday and today BIG ROCKET! I think it will have one more day of show before some pull back. Cut if break 1.64 support.

SUPERLN: Result seems good, but there is a big fall right before result out. Possibly to go higher, cut loss if close below 2.33

Let Wednesday Be Hot after the fake freeze !

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Dzulhilman M+ WM PR Traders:
Salam and Morning All

MACRO : Consumer and technology stocks, including Amazon, led gains on Wall Street on Tuesday, while a perceived win by Democrat Hillary Clinton in Monday’s first presidential debate gave broader support to equities (investing .com).

MICRO : Market fell futher yesterday. However towards the closing, volume starts to build up and support seems to hold in many active counters.

WHAT TO EXPECT? : Market might take a rebound today. Counters that has formed short term support should be in close view as high chances that it may take flight today. GLC related counters has been quite for the pass few days, many will have T4′s either today or tomorrow. Worth to have a relook on support area. Market remains volatile. Best strategy is to buy on support, sell on breakouts/resistant.

Below are my Watch list (28/09/2016)

LIIHEN
EP : ABOVE 3.090
SL : BELOW 3.050
TP : 4.300

SALUTE
EP : ABOVE 1.340
SL : BELOW 1.280
TP :

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Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS WEDNESDAY (28/09/2016):

FBMKLCI FAKE HOPE ALL AROUND

Dear All,

The FBMKLCI closed lower at -4.78 point or 0.29% to close at 1664.72.

FBMKLCI continue fall although seem some support however I am bearish at the moment. Market remain very weak.

DJIA future turn bullish at morning session after First USA President debate, but fake hope all around, we shall see what will happen next. DJIA movement very uncertain but pointing downwards. Careful rather than fearful !

Don’t be too rush in making decision when market is not stable.

While oil falling further again, we see AAX, AIRASIA as the biggest benefiary !

Follow us, we will not simply give any stock picks everyday :
https://telegram.me/ltachannel !

Everyside of the story only useful when come true this Wednesday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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KLSE StockAlliance:
28/9/2016 Stock Picks
1. PESTECH / KAREX / MBWORLD
2. ILB / PWF / SUNSURIA
3. ASTINO / WILLOW / CCM

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

RHB♦Investment Bank

Dear Value Clients,
Potential stocks to buy today:
Date/日期 : 28/09/2016

1) *PESTECH (5219)*
Price/现价 : 1.66
Target price/目标价: 1.76/1.88
Cut loss/止损价 : 1.57
**Syariah
Sector/领域: Trading/Services

2) *SCIENTX (4731)*
Price/现价 : 6.52
Target price/目标价: 7.50
Cut loss/止损价 : 6.08
**Syariah
Sector/领域: Industrial Product

3) *HARTA (5168)*
Price/现价 : 4.68
Target price/目标价: 5.10
Cut loss/止损价 : 4.30
**Syariah
Sector/领域: Industrial Product

4) *TOPGLOV (7113)*
Price/现价 : 5.00
Target price/目标价: 5.30/5.51
Cut loss/止损价 : 4.60
**Syariah
Sector/领域: Industrial Product

5) *KOSSAN (7153)*
Price/现价 : 6.87
Target price/目标价: 7.50/8.00
Cut loss/止损价 : 6.18
**Syariah
Sector/领域: Industrial Product

_Source : RHB RESEARCH INSTITUTE_

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UOBKH Retail Market Monitor 28 September 2016

FBMKLCI 1,664.72 (-4.78,-0.29%)
Support: 1,648, 1,640
Resistance: 1,692, 1,700

Top Gainers: Axiata Group (+1.49%), YTL Corporation (+1.12%) and
British American Tobacco (+1.09%)
Top Losers: IHH Healthcare (-1.87%), RHB Bank (-1.67%) and Genting Bhd (-1.48%)

Stocks to watch:
1) CAREPLUS GROUP; Technical Buy with +43.7% potential return
*Last: RM0.320 Target: RM0.430, RM0.510 Stop: RM0.290
*Timeframe: 2 weeks to 2 months

2) DUFU TECHNOLOGY CORPORATION; Technical BUY with +20.5% potential return
*Last: RM0.650 Target: RM0.795, RM0.870, Stop: RM0.595
*Timeframe: 2 weeks to 2 months

3) FOCUS LUMBER; Technical BUY with +24.4% potential return
*Last: RM1.59 Target: RM1.89 RM2.04, Stop: RM1.44
*Timeframe: 2 weeks to 2 months
+++++++++++++++

FAt TA:
M+ Online Morning Buzz – 28Sep16

Dow Jones: 18,228.30 pts (+133.47pts, +0.74%)
After the presidential debate, U.S. stockmarkets rebounded off the 18,000 level on the back of bargain hunting activities as U.S. services PMI rose stronger-than-expected in September. Next resistance will be located around the 18,400 level.

FBM KLCI: 1,664.72 pts (-4.78pts, -0.29%)
The FBM KLCI may rebound higher, tracking the gains from the overseas market. Upside target might be envisaged around the 1,680 level.

Crude Palm Oil: RM2,663 (-RM52, -1.92%)
Crude palm oil price ended on a negative note, in tandem with the softer soybean oil prices. CPO may fluctuate in a volatile manner near the RM2,700 level over the near term.

WTI Crude Oil: $44.67 (-$1.26, -2.76%)
Crude oil pulled back near the US$46 level as hopes for production freeze in an informal OPEC meeting faded. Crude oil may trade between the US$43-US$46 levels.

Gold: $1,327.32 (-$10.63, -0.79%)
Gold traded lower on the back of stronger US dollar as consumer confidence rose in September to the highest since before the last recession.

Economic Releases:
US – Core Durable Goods Orders – 28Sep16, 8:30PM
US – Crude oil inventories – 28Sep16, 10:30PM

Bursa Malaysia Trade Statistics – 27Sep16
Institutions: Net BUY 80.7 mln (59.9%)
Retail: Net BUY 19.7 mln (14.8%)
Foreign: Net SELL 100.4 mln (25.3%)

Potential Momentum Stocks – 28Sep16
Stock Name: FLBHD (5197)
Entry: Buy above RM1.59
Target: RM1.70 (6.9%), RM1.79 (12.6%)
Stop: RM1.54 (-3.1%)
Shariah: No
Technical: Potential flag formation breakout

Stock Name: ILB (5614)
Entry: Buy above RM0.83
Target: RM0.90 (8.4%), RM1.00 (20.5%)
Stop: RM0.79 (-4.8%)
Shariah: No
Technical: Short term breakout

Source: Bloomberg, M+ Online

FAt TA:
Uob Kay Hian Daily Top Pick, 28 Sep 2016

Carepls, 0163
Close, 0.32
Buy TP, 0.43, 0.51 (breakout, 0.355)
Support, 0.295
SL, 0.29

Time Frame, 2 Weeks to 2 Months

Dufu, 7233
Close, 0.65
Buy, TP, 0.795, 0.87
Breakout, 0.66
Support, 0.60
SL, 0.595
Time frame 2 weeks to 2 months

Flbhd, 5197
Close, 1.59
Buy TP, 1.89, 2.04
(Breakout, 1.64)
Support, 1.45
SL, 1.44
Time frame, 2 weeks to 2 months

Views – 61

Eaglestock:
Market News Roundup

1⃣ Pestech has won a contract to install 3 substations for Severelectro JSC under an electricity supply accountability and reliability improvement project (ESARIP) for US$8.46m.

2⃣ WZ Satu has aborted its RM368m proposed acquisition of Silk SB, the operator of the Kajang Silk Highway, from SILK Hold.

3⃣ Kian Joo & Togo(HK) have entered into a MoU to manufacture and distribute aluminium cans and bottles beverages in several Asian countries.

4⃣ Yee Lee has secured the distribution rights of Japanese soft drink brand Suntory beverage for 3 years in Peninsular Malaysia.

5⃣ Affin said it has applied with BNM for an extension of time for negotiations to purchase a 16% stake in AXA Affin General Insurance from FGV.

6⃣ Seacera is planning to sell its remaining 51% stake in Seacera Land SB to OCR for RM25m. It had sold the other 49% interest to OCR for RM20m in March 2014.

7⃣ Top Glove is focusing on Thailand to boost its production capacity as shortages of workers and water at home disrupts its expansion spree.

Financial Result Highlight

SPB’s net profit for 3QFY16 slipped 3.7% to RM42.98m (12.51 sen/share), showed an expansion of loss before tax in its property development segment and lower profit before tax in investment holding.

NTPM’s net profit in 1QFY17 fell by 27.4% to RM9.38m (0.8 sen/share). The bottom line was pushed down by higher energy and labour cost from its operation in Vietnam.

Sources: theedgemarkets.com ; thestar.com

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TheBursa Analyst:
Tuesday, 27 September 2016

Dear Traders,

The KLCI closed slightly lower -1.59 points at 1669.50, forming a doji. Market seems to lost its compass or is it Mostly affected by the bearishness of DJIA last Friday’s effect ?.

This time the bear caught the bull with its claws.
China A50, HIS, Indonesia IDX, Nikkei, KOSPI, Taiwan Weighted, German DAS all show sign of bearishness.

•  The USD opened WEAKENED against our MYR and opened at 4.1195.
•  Crude Oil prices rallied a little to 44.75. which is why we saw some oil and gas counter like PERISAI, BORNOIL were heavily traded. Hopefully the OPEC meeting around the corner will end with Freezing news.

The bearishness of DJIA continued to claw, opened lower at 18,217.76 and is currenly -100 points. This is due to many traders are unsure of the first presidential debate between Trump Taiko and Hilary Taikajie.

Moving Stocks to watch (27/ September) :

OKA: Very Bullish counter, Feeling like want to break new high.Well supported at Rm 1.32, cut if it closes 1.30 or lower.

PESTECH: Going to test the 1.64 resistance. Still healthy as long as it is above 1.6

Tuesday Trump will decide hair fall or hair UP !

——————————————–

FAt TA:
Morning All

MACRO : Wall Street fell on Monday as Deutsche Bank (DE:DBKGn) weighed on financials and investors hunkered down for the first debate between U.S. presidential candidates Hillary Clinton and Donald Trump. (investing .com).

MICRO :  Market had a good run during the first session with metal counters taking lead. Later market retreated and metal counters fell.

WHAT TO EXPECT? : Market seems to have found it’s immediate resistant. Traders are adviced to be cautious today. Best strategy during times like this is to buy on weakness and sell on strength.

Below are my Watch list (27/09/2016)

UCHITEC
EP : ABOVE 1.670
SL : BELOW 1.640
TP :  1.780

Happy trading.

————————————————-

FAt TA:
M+ Online Morning Buzz – 27Sep16

Dow Jones: 18,094.83 pts (-166.62pts, -0.91%)
Wall Street dived for another session ahead of the presidential debate, coupled with selling pressure among banking stocks. The Dow may retrace back towards the 18,000 level.

FBM KLCI: 1,669.50 pts (-1.49pts, -0.09%)
The FBM KLCI pulled back below the 1,670 level as profit taking activities picked up in selected heavyweights and the broader market. Next support will be set around the 1,660 level.

Crude Palm Oil: RM2,715 (+RM39, +1.46%)
Crude palm oil price traded higher after India’s palm oil duty cut from 12.5% to 7.5%; CPO price may rally towards the RM2,750 level.

WTI Crude Oil: $45.93 (+$1.45, +3.24%)
Crude oil rebounded, but still ranging between the US$43-US$46 levels. Price may extend its sideways consolidation mode over the near term.

Gold: $1,337.95 (+$0.39, +0.03%)
Gold trended sideways between a thin range over the past few trading days. Based on the technicals, price may breakout above the US$1,350 level, targeting the US$1,375 level.

Economic Releases:
US – S&P Case-Shiller 20-House Price Index – 27Sep16, 9:00PM
US – Flash Services PMI – 27Sep16, 9:45PM

Bursa Malaysia Trade Statistics – 26Sep16
Institutions:  Net SELL 34.7 mln (63.0%)
Retail:  Net SELL 15.3 mln (20.0%)
Foreign:  Net BUY 50.0 mln (17.0%)

Potential Momentum Stocks – 27Sep16
Stock Name: ELSOFT (0090)
Entry: Buy above RM1.85
Target: RM2.00 (8.1%), RM2.10 (13.5%)
Stop: RM1.76 (-4.9%)
Shariah: Yes
Technical: Sideways consolidation mode

Stock Name: MMSV (0113)
Entry: Buy above RM0.69
Target: RM0.73 (5.8%), RM0.77 (11.6%)
Stop: RM0.665 (-3.6%)
Shariah: Yes
Technical: Potential short term breakout

Source: Bloomberg, M+ Online
————————————————

*RHB♦Investment Bank

Dear My Value Clients,
Potential stocks to buy today:
Date/日期 : 27/09/2016

1) FIBON (0149)
Price/现价           : 0.62
Target price/目标价: 0.695
Cut loss/止损价   : 0.56
**Non Syariah
Sector/领域: Industrial Product

2) JTIASA (4383)
Price/现价           : 1.30
Target price/目标价: 1.40 / 1.47
Cut loss/止损价    : 1.20
**Syariah
Sector/领域: Industrial Product

3) LSTEEL (9881)
Price/现价           : 0.535
Target price/目标价: 0.61 / 0.665
Cut loss/止损价   : 0.48
**Non Syariah
Sector/领域: Industrial Product

4) TAANN  (5012)
Price/现价           : 3.59
Target price/目标价: 4.00
Cut loss/止损价   : 3.43
**Syariah
Sector/领域: Industrial Product

Source : RHB RESEARCH INSTITUTE

Views – 64

Reuters- Wall Street retreated on Friday as lower oil prices weighed on energy shares and Facebook and Apple declined, but major indexes still posted gains for the week.

Energy .SPNY was the worst-performing major S&P sector, dropping 1.3 percent. Oil prices tumbled 4 percent on signs Saudi Arabia and Iran were making little progress on a bilateral agreement ahead of talks by crude exporters aimed at freezing production.

Facebook (FB.O) shares fell 1.6 percent and were one of the biggest drags on the S&P 500. The Wall Street Journal reported that the social media company overestimated viewing times for video ads.

Even so, the S&P 500 recorded its best weekly performance in more than two months. Stocks were given a boost on Wednesday when the U.S. Federal Reserve decided to keep rates steady, leaving intact the low-interest-rate environment that has helped fuel the bull market.

“I just think after a few strong days and a little weakness in energy that folks are taking some profit before the weekend,” said Gary Bradshaw, portfolio manager with Hodges Capital Management in Dallas. “I just feel like the market is going to keep grinding higher.”

The Dow Jones industrial average .DJI ended down 131.01 points, or 0.71 percent, at 18,261.45, the S&P 500 .SPX lost 12.49 points, or 0.57 percent, to 2,164.69 and the Nasdaq Composite .IXIC dropped 33.78 points, or 0.63 percent, to 5,305.75.
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KLSE StockAlliance:
26/9/2016 Stock Picks
1. TIENWAH / PESTECH / BJFOOD
2. GUH / MTDACPI / PWF
3. JOHOTIN / LIONFIB / BRIGHT
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KLSE StockAlliance:
Here is our weekly FA views on these counters.

1. PRG
2. DOMINAN
3. MMSV
4. SUNSURIA
5. Pesona

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Logic Trading Analysis:
BURSA MALAYSIA MARKET IDEAS MONDAY (26/09/2016):

FBMKLCI COLLECTION FOR OCTOBER RALLY ? OR

Dear All,

The FBMKLCI closed higher at +1.33 point or +0.08% to close at 1670.99.

Last week, we all witness the mini rebound happens to our FBMKLCI as well as major world index. It’s a good sign, however whether it can be long lasting towards uptrend or just dead cat bounce are still very much into our worries.

DJIA last Friday turning down again after celebrating up interest rate delay again. We have see that an obvious and stronger support level at 18000, therefore without breaking it, we shall see a possible of strong coming back. If break then something is not right.

Looking at our Currency, Oils, still not much big changes, and of course still not favor to our Malaysia Economy in big picture however seem to be still sustainable.

So in coming weeks, to end the September, I do believe our market will be exciting since no more holiday around.

Stock can be monitor are like: FGV, MYEG, ANNJOO, MASTEEL, PENSONI and so many more.

Either Donkey or Horse, the best Owner is know how to make used of it this Monday!

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis
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Tj:
For 26  September .. Monday ..
iigg 6 daily stocks to watch

Cscenic
Dsonic
Genting – wa
Tienwah ( belum ada baru find out sui after closing )

And 2 abang adik talk of the town

Cscstel .. Ada hantu pasai .. Not auto pilot anymore need jaga ..knn

Choobee .. Just imagine this company take higher price hrc from megasteel by force ( more than 80 percent of raw material ) and now this megasteel tutup kedai liao suda .. The rest let hantu talk pi  .. Actually is close since march la megasteel .. Tat why 2nd quarter big jump in profit n is just the beginning to show the impact of lower material cost .. Good luck la ..

And ya why can’t have both cscstel n choobee in portfolio ..
If think steel theme still in play .. This 2 company say lama liao is top 1 n 2 best in steel related ..

Trade at your own risk .
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TheBursa Analyst:
Monday, 26 September 2016

Dear Traders,

On Friday, the FBMKLCI closed higher at 1,670.99 ( +1.33 or +0.08%). Hopefully it will linger around the 1,670 and 1,680 level for now and not be affected by the bearishness of the DJIA during Friday.

Korea’s KOSPI, Indonesia’s IDX, Taiwan Weighted, and Australia ASX closed HIGHER, while
China A50, Nikkei and HSI Closed LOWER.
•  The USD opened STRENGHTEN against our MYR at 4.126.
•  Crude Oil prices fell to 44.62.

The DJIA opened on 18,377 and closed 18,261 on Friday. I hope this wont affect our Market’s sentiment today.

Stocks to watch are:

TNLOGIS(26/sept): Seems like want to breakout into new high. Cut if close below RM 1.68

ANNJOO(26//sept): To be honest this counter is love. I have this since may, and still holding some, because I think there is still more to go. Not many sellers along the way. May expect some pullbacks, Cut if close below RM 2.0

Stocks follow up :

IQGROUP: Don’t worry about this, just let it smooth sailing for another month. I see it breaking RM 2.40 soon.

Don’t let Monday Blues beat you until BLUE Black ! Be Courage and do not FEAR !
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Dzulhilman M+ WM PR Traders:
Salam and Morning All

MACRO : Wall Street retreated on Friday as lower oil prices weighed on energy shares and Facebook and Apple declined, but major indexes still posted gains for the week (investing .com).

MICRO :  Profit taking took place on Friday after 2 days market run.

WHAT TO EXPECT? : Market looks good. Counters should continue to run. Next immediate KLCI resistant is at 1680.

Below are my Watch list (26/09/2016)

WCT
EP : ABOVE 1.640
SL : BELOW 1.620
TP :  1.870

LBALUM
EP : ABOVE 0.690
SL : BELOW 0.675
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Eaglestock:
Market News Roundup

1⃣ Pestech has won a contract to install 3 substations for Severelectro JSC under an electricity supply accountability and reliability improvement project (ESARIP) for US$8.46m.

2⃣ WZ Satu has aborted its RM368m proposed acquisition of Silk SB, the operator of the Kajang Silk Highway, from SILK Hold.

3⃣ Kian Joo & Togo(HK) have entered into a MoU to manufacture and distribute aluminium cans and bottles beverages in several Asian countries.

4⃣ Yee Lee has secured the distribution rights of Japanese soft drink brand Suntory beverage for 3 years in Peninsular Malaysia.

5⃣ Affin said it has applied with BNM for an extension of time for negotiations to purchase a 16% stake in AXA Affin General Insurance from FGV.

6⃣ Seacera is planning to sell its remaining 51% stake in Seacera Land SB to OCR for RM25m. It had sold the other 49% interest to OCR for RM20m in March 2014.

7⃣ Top Glove is focusing on Thailand to boost its production capacity as shortages of workers and water at home disrupts its expansion spree.

Financial Result Highlight

SPB’s net profit for 3QFY16 slipped 3.7% to RM42.98m (12.51 sen/share), showed an expansion of loss before tax in its property development segment and lower profit before tax in investment holding.

NTPM’s net profit in 1QFY17 fell by 27.4% to RM9.38m (0.8 sen/share). The bottom line was pushed down by higher energy and labour cost from its operation in Vietnam.

Sources: theedgemarkets.com ; thestar.com

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UOBKH Retail Market Monitor 26 September 2016

FBMKLCI 1,670.99 (+1.33)
Support: 1,648, 1,640
Resistance: 1,692, 1,700

The index rose as investors hunt for bargains following the recent sell-down.

Top Gainers: Axiata Group (+1.9%), British American Tobacco (+1.3%) and MISC (+0.9%)
Top Losers: AMMB Holdings (-2.1%), Hong Leong Bank (-1.6%) and Astro Malaysia Holdings (-1.4%)

Stocks to watch:
1) SERSOL; Technical Buy with +37.5% potential return
*Last: RM0.135 Target: RM0.220, RM0.260 Stop: RM0.105
*Timeframe: 2 weeks to 2 months

2) WAH SEONG CORPORATION; Technical BUY with +20.6% potential return
*Last: RM0.900 Target: RM1.04, RM1.14, Stop: RM0.845
*Timeframe: 2 weeks to 2 months

3) GD EXPRESS CARRIER; Technical BUY with +15.2% potential return
*Last: RM1.64 Target: RM1.79, RM1.89, Stop: RM1.49
*Timeframe: 2 weeks to 2 months
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Dear trader,
Potential stock to buy today:
26/9/2016

1) FIAMMA (6939)
Entry Price : 0.605
Target price: 0.67
Cut loss: 0.550
***syariah

2) TIENWAH (7374)
Entry Price : 1.86
Target price: 2.00
Cut loss: 1.68
* non-syariah

3) LEONFB (5232)
Entry Price : 0.580
Target price: 0.650
Cut loss: 0.530
* non-syariah

4) SSTEEL (5665)
Entry price: 1.280
Target Price: 1.440
Cut loss: 1.10
* Non-syariah

5) GDEX (0078)
Entry price: 1.640
Target Price: 1.800
Cut loss: 1.460
**Syariah

6) MAHSING (8583)
Entry price: 1.670
Target price: 1.800
Cut loss: 1.500
**Syariah

Source: RHB Research Institute

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Politically linked stock list :

1 DSONIC
2 PRESBHD
3 UEMS
4 MRCB
5 EFORCE
6 MYEG
7 GOODWAY
8 FGV
9 SIME
10 BPLANT
11 CMSB
12 PRTASCO
13 AFFIN
14 CIMB
15 SKPETRO
16 YINSON
17 PETRONM
18 ARMADA
19 PENERGY
20 MEDIA
21 STAR

Budget 2017 will be on 21st October. Do lookout for some of the related stocks.

Views – 92