Monthly Archives: October 2016

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Market News Roundup

1⃣ Top Glove is targeting to grow its sales volume by 10% per year. It expects the growth to be driven by its capacity expansion, which is in the pipeline.

2⃣ Pasdec has proposed to reduce halve of the par value, rights issue to raise up to RM34.32m and also intends to buy office units worth a combined RM40m, via issuance of new shares.

3⃣ SDred is disposing of 16 pieces of freehold land in Damansara Heights, KL, which collectively measures 15,751 sq m, for RM71m cash.

4⃣ HTPadu has accepted a purchase order worth RM14.86m from Prudential Services Asia SB for disaster recovery services and office rental services.

5⃣ TGOFFS plans to acquire RM9.8m freehold single-storey detached factory in Hulu Langat, Selangor, to save on rental and improve its corporate image.

6⃣ DBE has proposed to undertake a bonus issue of up to 2.34b free warrants to reward its existing shareholders.

7⃣ DBhd will develop the 1Malaysia Civil Servants Housing (PPA1M) project in Putrajaya. The project has a GDV of RM467.3m.

Financial Result Highlight

Pantech saw its net profit plunge 51% to RM5.14m (0.84 sen/share) for 2QFY17, due to weak demand in O&G sector, while competition had pressured margins.

Sources: theedgemarkets.com ; thestar.com

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TraderL:
STOCK TO WATCH ❤( 19/10/16, Wednesday)
1.) ENGTEX / KUB
2.) JTIASA / KIMLUN
3.) RCECAP / SALUTE
4.) EKOVEST /S CGM
5.) PENTA / SAMCHEM

-> This should not be used as decision to solicit buy or sell activity, please do consult your licensed investment advisor.

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The Trusted Bursa Analyst:
Wednesday 19/10/2016:

Today we see a lot of Steel counters such as ( CSCSteel, Prestar, Chuan, Engtex ), Technology Sector (KESM , SALUTE, MYEG, HLIND ), Plantation ( SIME, IJMPLANT, FGV ) and Construction Sector ( Gadang, Suncon, IJM, Ekovest, PRARAS) MOVED STRONGLY.

We should focus on these as these are most likely included in Budget 2017. While the Foreign Fund is here we should Hoot their money !

Stocks to watch are:

IREKA: Entry 0.68-.69 ,Support 0.65, TP 0.725

Sedania : Entry 0.24-0.245 Support 0.23, TP 0.265

KUB : Entry 0.41-0.415 Support 0.395, TP 0.445
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 WEDNESDAY (19/10/2016):

FBMKLCI STAGE A STRONG REBOUND AGAIN

Dear All,

The FBMKLCI closed higher at +13.86 point or +0.84% to close at 1667.57.

FBMKLCI stage a strong rebound again turn the downtrend back to sideways movement. Amazingly our market become stronger however remain full of doubt. We will see after BUDGET 2017 this Friday how the market move.

DJIA also rebound from low of near 18000 but remain a sideways movement that still need to becareful. Anyway if DJIA close positively, definitely our market will get exicted.

Stock we see further up are like: AAX, AIRASIA, TUNEPRO, LIIHEN, IQGROUP !

The market is full of swing, if have time monitor still got some opportunity around!

Follow us closely !
https://telegram.me/ltachannel !

You will never reach your destination if you stop and throw stones at every dog that barks this Wednesday ! !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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Reuters-Wall Street advanced on Tuesday to give the S&P 500 its best day this month on the heels of solid earnings reports from names such as UnitedHealth and Netflix that put corporate profits on track to snap a four-quarter streak of declines.

Of the 52 S&P 500 companies that have reported results to date for the third quarter, 81 percent have reported earnings that topped average analyst estimates, according to Thomson Reuters I/B/E/S.

Third-quarter earnings are now expected to show growth of 0.2 percent, which would mark an end to the U.S. profit recession that began in the third quarter of 2015.

If the quarter stays on track, it will be the first time since the fourth-quarter of 2014 in which both earnings and revenue of S&P 500 companies increased.

“We had some decent earnings results,” said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.

“Given companies’ track record of beating expectations, investors believe this will be the first quarter in five where we have positive earnings growth.”

The Dow Jones industrial average .DJI rose 75.54 points, or 0.42 percent, to 18,161.94, the S&P 500 .SPX gained 13.1 points, or 0.62 percent, to 2,139.6 and the Nasdaq Composite .IXIC added 44.01 points, or 0.85 percent, to 5,243.84.

Gains were broad, with each of the 11 major S&P sectors in positive territory, led by a 1.1 percent gain in healthcare .SPXHC, boosted by a UnitedHealth’s (UNH.N) 6.9 percent jump after quarterly results and forecast.

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KLSE StockAlliance:
19/10/2016 Stock Picks
1. MFCB / AFG / ENGTEX
2. FFHB / IREKA / GLOMAC
3. Follow our channel closely during trading hours

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.

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

Dear RHB Value Client,
Potential stock to buy today:
Date/日期 : 19/10/2016

1. OWG (5260)
Price/现价           : 2.36
Target price/目标价: 2.50/2.75
Cut loss/止损价    : 2.11
** Non syariah
Sector/领域: Trading/Services

2. EKOVEST (8877)
Price/现价           : 2.12
Taret price/目标价: 2.38
Cut loss/止损价   : 1.90
** syariah
Sector/领域: Construction

3. AAX (5238)
Price/现价           : 0.41
Target price/目标价: 0.48
Cut loss/止损价    : 0.375
** Non syariah
Sector/领域: Trading/Service

Views – 104

Reuters-Wall Street ended modestly lower on Monday as energy stocks retreated along with oil prices, while Amazon and Netflix weighed on the consumer discretionary sector.

Federal Reserve Vice Chairman Stanley Fischer warned that economic stability could be threatened by low interest rates and noted the central bank is “very close” to its employment and inflation targets, but said it was “not that simple” for the Fed to raise rates.

The comments from Fischer, a dove who has supported a rate hike, come as other Fed officials have recently said the current state of affairs may be about as good as it gets.

Conflicting statements on the timing of a rate hike from some Fed officials has been adding to uncertainty in markets, which have been grappling with changing dynamics in a tumultuous U.S. presidential election and nervousness regarding third-quarter earnings.

“Fischer’s stature is second only to Janet Yellen so when he speaks, people are going to pay closer attention to what he is saying,” said Art Hogan, chief market strategist at Wunderlich Securities in New York.

“To me, it is different slices of the same apple – we’ve got a Fed that desperately wants to raise rates one more time this year and that probably happens in December.”

Energy stocks .SPNY were 0.6 percent lower as U.S. oil prices CLc1 settled down 0.8 percent at $49.94 while Brent crude LCOc1 settled down 0.8 percent at $51.52 a barrel. Oil prices were weighed down by oversupply concerns, although losses were curbed amid a projected drop in American shale output.

The Dow Jones industrial average .DJI fell 51.98 points, or 0.29 percent, to 18,086.4, the S&P 500 .SPX lost 6.48 points, or 0.3 percent, to 2,126.5 and the Nasdaq Composite .IXIC dropped 14.34 points, or 0.27 percent, to 5,199.82.

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The Trusted Bursa Analyst
Today’s stock to watch are :

EG: (follow up from yesterday) expecting a pull back due to breakout without volume and market sentiment unstable. Entry at support : 0.87, Entry at breakout: 0.89. Support 0.855. Monitor closely if breakout.

Prlexus: Uptrend, Entry 1.60, Support 1.56, TP 1.72

WCT: Entry on breakout  1.71, Support 1.68, TP 1.80 at least. Remember Budget 2017 focus in on construction and I think this will be getting honey.

Hexza: Entry on breakout 0.965, support 0.94

Its Tuesday ! no more Monday Blue Please !

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

https://telegram.me/TTrustedBA

The Trusted Bursa Analyst
Trusted analysis of moving bursa stocks for your reference

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Logic Trading Analysis Channel,
BURSA MALAYSIA MARKET IDEAS TUESDAY (18/10/2016):

FBMKLCI SLOW MOVING AND DOWNTRENDING

Dear All,

The FBMKLCI closed lower at -5.26 point or -0.32% to close at 1653.71.

FBMKLCI slowly trending down, not a good sign. Becareful of before or after budget water fall. But all the direction much depends on DJIA movement. If DJIA stay strong, our downside will be supported as well.

DJIA movement same slowly trending down. Just be careful and monitor any big waterfall candle. If suddenly drop 150-300 point, will be more panic selling happens.

Market is not very strong movement, however still got some stock moving. Some of the better FA export stock like EVERGRN, HEVEA, LIIHEN, SUPERLN remain strong.

We will be extra cautious at the moment because this month market are very volatile.

Follow us closely !
https://telegram.me/ltachannel !

Life come to full circle when you see for yourself, a new life that you made this Tuesday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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KLSE StockAlliance:
18/10/2016 Stock Picks
1. HAIO / HEKTAR / GCB
2. PASDEC / EUPE / SYSCORP
3. Follow our channel closely during trading hours

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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Boon:
CIMB Trading Ideas 18/10/2016

1) KSSC
2) A-Rank

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Good morning

Corporate News Roundup

1⃣ Yinson saw 119.71m shares traded off market today for RM367.5m.

2⃣ GPacket has proposed to undertake a private placement to raise up to RM14.5m for product and business development, future investments and working capital.

3⃣ KPJ plans to develop a piece of land in Batu Pahat, Johor into a RM67.6m hospital, to be known as KPJ Batu Pahat Specialist Hospital.

4⃣ Maypak minority shareholders have been urged by independent adviser Mercury Securities to reject a takeover offer from Japan-based Taisei Lamick Co Ltd.

5⃣ CIMB said it is negotiating a 50:50 JV in the stockbroking business with China Galaxy Securities Co Ltd.

6⃣ Nexgram has clarified that its Angkasa Icon City project in Cyberjaya has not been shelved, although construction works have yet to commence pending negotiations for financing.

Financial Result Highlight

Takaful recorded a 30% jump in its net profit to RM44.86m (5.47 sen/share) for 3Q, due to higher sales generated by both the family takaful and general takaful businesses.

Sources: theedgemarkets.com ; thestar.com

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Views – 110

The Trusted Bursa Analyst:
Monday, 17/10/2016.

Last week KLCI closed lower at 1658.97. However this week we should see a rebound due to the BUDGET 2017.

Australia’s S&P/ASX 200 closed lower 5,377.03
China A50 closed higher at 5,377.03
Hong Kong HSI closed high at 23,233.31 after falling a lot. Should it break its resistance it will get back to its previous level, if not it will remain sideways at this level.
Indonesia’s IDX Composite was Bullish and closed at its resistance of 5,399.89
Japan Nikkei 225 closed high at 16,856
Korea Kospi was little bullish at 2022.66
Taiwan Weighted closed low at 9,165.
German Dax was bullish on the Friday and closed at 10,580 with a surplus of 1.6%

The Djia rebounded slightly, and closed 18,138.38.
The ringgit is still weak against USD and should rebound after Budget 2017 is announced. However Now we still can play on export stocks.

The fever of Megasteel closure has already subsided although we saw the steel theme was a little in play last Friday, however, I would suggest to take profit on steel counter, especially CSCSTEEL as I have heard that insiders and HE is already distributing his shares.

Export related Stocks to watch :
HEVEA, Evergrn, Latitud, Mieco, Pohuat, Homeriz, Topglove, Supermx

With Iphone 7 sales in Malaysia, Watchlist:
KESM, Inari, Gtronic, UNISEM

Stocks to watch this week:

Silkholding Entry 0.39, support at 0.37

Presbhd: Entry 2.23-2.25 support at 2.19

OWG: Entry 2.24-2.26 support at 2.2

Awc: first support is at 0.815, second support is at 0.795

VERSATL: Entry at 1.22 support is at 1.19

KERJAYA: Entry at 2.29-2.31, support is at 2.27

CCK: Entry at support of 0.615

Homeriz: Entry 0.93 support 0.915

DKSH: entry at 6.47 support at 6.3

EG: Entry at new level of support/resistance breakout 0.87-0.88

KSL: Buy on Breakout of 1.15-1.16, support 1.1
Good luck this week !
Follow Your Trusted Bursa Analyst Channel for stockpicks and daily update.

https://telegram.me/TTrustedBA

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BURSAMASTER:
BURSAMASTER WATCHLIST
17 OCT
1. APPASIA & APPASIA-WA
2. BTM
3. DNEX & DNEX-WA
4. PMETAL
5. CANONE
6. DRBHICOM
7. FGV
8. VS & VS-WA
Regards
BURSAMASTER

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[17/10 09:09] Rosdi maybank: China Sep CPI rose +1.9% y/y, stronger than expectations of +1.6% y/y. Sep PPI unexpectedly rose 0.1% y/y, stronger than expectations of -0.3% y/y and the first increase in 4-1/2 years.

Global stocks moved higher as Chinese growth concerns eased after Chinese inflation data came in stronger-than-expected.

Fed Chair Yellen said that “an accommodative monetary stance, if maintained too long, could have costs that exceed the benefits” by increasing the risk of financial instability or undermining price stability. She added that there are “plausible ways” that running that U.S. economy hot could repair damage caused to growth trends by the recession.

Prelim-Oct University of Michigan U.S. consumer sentiment unexpectedly fell -3.3 to 87.9, weaker than expectations of +0.6 to 91.8 and the lowest in 13 months.

Stocks closed mostly higher as investors digested commentary from key Federal Reserve officials while parsing through strong bank earnings and U.S. economic data.
* Dow +49
* S&P +0.4
* Nasdaq +0.8

⛽ Crude oil prices fell as a stronger dollar weighed on the market and an industry report showed U.S. oil drillers continue to ramp up activity with prices holding above $50 a barrel.
* Crude oil $50.35 (-0.09)
* Brent crude $51.97 (-0.06)

FCPO (RM2660, +42) rebounded to highest level since 27 Sept. Buying was tied to expectation of tight supply continuing following reports of lower than Oct production. There are no changes to the positive fundamentals with Oct production likely to be below earlier expectations. The better gains in nearby month pointed to expectation of tight supply coming. Market will be looking towards export data for further incentives.

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[17/10 09:09] Rosdi maybank: UOBKH Retail Market Monitor 17 October 2016

FBMKLCI 1,658.97 (-6.05)
Support: 1,648, 1,640
Resistance: 1,692, 1,700

Asian stocks snapped a five-day drop after Chinese inflation beat expectations, boosting optimism about the strength of the world’s second-largest economy.

Top Gainers: Hap Seng Consolidated (+0.66%), YTL Corporation (+0.57%) and Hong Leong Financial Group (+0.51%)
Top Losers: Genting Malaysia (-2.44%), Westports Holdings (-1.61%) and CIMB Group Holdings (-1.45%)

On Friday, US stocks closed higher as three big US banks reported quarterly profits that topped forecasts, but gave up most of their early gains after Fed Chair Yellen’s comments on the economy unnerved investors.

Stocks to watch:
1) KUMPULAN JETSON; Technical Buy with +47.1% potential return
*Last: RM0.24 Target: RM0.31, RM0.375 Stop: RM0.19
*Timeframe: 2 weeks to 2 months

2) JAKS RESOURCES; Technical BUY with +18.7% potential return
*Last: RM1.02 Target: RM1.19, RM1.27, Stop: RM0.97
*Timeframe: 2 weeks to 2 months

3) EG INDUSTRIES; Technical BUY with +21.6% potential return
*Last: RM0.88 Target: RM1.02, RM1.07, Stop: RM0.805
*Timeframe: 2 weeks to 2 months

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[17/10 09:10] Rosdi maybank: *♦RHBIB

Dear My Value Client,
Potential stock to buy today:
Date/日期 : 17/10/2016

*POS (4634)*
Price/现价 : 4.10
Target price/目标价: 4.45/4.75
Cut loss/止损价 : 3.65
**syariah
Sector/领域: Trading

*PADINI (7052)*
Price/现价 : 2.85
Target price/目标价: 3.08/3.35
Cut loss/止损价 : 2.68
** syariah
Sector/领域: Consumer

*GTRONIC (7022)*
Price/现价 : 3.90
Target price/目标价: 4.50
Cut loss/止损价 : 3.62
**syariah
Sector/领域: Technology

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List of Companies that will benefit from weaker ringgit
1.HEVEA
2.LIIHEN
3.HOMERIZ
4.LATITUD
5.POHUAT
6.JAYCORP
7.FLBHD
8.EVERGRN
9.FFHB
10.TGUAN
11.BPPLAS
12.SLP
13.TOPGLOV
14.HARTA
15.KOSSAN
16.SUPERMX
17.GESHEN
18.LCTH
19.CHINWEL
20.PRLEXUS
21.MAGNI
22.SCGM
23.COMCORP
24.INARI
25.MPI
26.GTRONIC
27.VS
28.JHM
29.KESM
30.SUPERLN
31.SAM
32.SHH
33.TOMYPAK
34.PENTA
35.MMSV
36.VITROX
37.SKPRES
38.OCNCASH
39.UNISEM
40.TAANN
41.WTK
42.UCHITEC
43.WILLOW
44.PANAMY
45.EG
46.KAREX
47.YSPSAH
48.IQGROUP
49.DUFU
50.CAREPLS

Views – 168

Reuters-U.S. stocks slipped on Thursday led by falls in financial shares and following weak Chinese economic data but a late-day rebound in oil prices limited the day’s decline.

Financials, which have been under pressure following negative news on Deutsche Bank (DB.N) and Wells Fargo (WFC.N), were down ahead of quarterly results due Friday from Wells Fargo, JPMorgan Chase (JPM.N) and Citigroup (C.N). The S&P financial index .SPSY fell 1.1 percent.

Reviving concerns about the health of the world’s second-largest economy, data showed China’s exports fell 10 percent in September, far worse than markets had expected, while imports unexpectedly shrank.

Stocks pared losses late along with energy shares. Oil prices rebounded to end higher. A U.S. government report of larger-than-expected draws in diesel and gasoline helped prices rebound. The S&P energy index .SPNY ended down 0.7 percent.

“The catalyst, I think, to start getting some trades in (late) was oil prices stabilizing, and just the fact that short term we were oversold,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

Uncertainty over the U.S. presidential race as the Nov. 8 vote looms and the chance for extra bank regulation could be adding to weight for financials, he said.

The Dow Jones industrial average .DJI was down 45.26 points, or 0.25 percent, to 18,098.94, the S&P 500 .SPX lost 6.63 points, or 0.31 percent, to 2,132.55 and the Nasdaq Composite .IXIC dropped 25.69 points, or 0.49 percent, to 5,213.33.

The Dow recovered from an intraday low of 17,959.95.

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KLSE StockAlliance:
14/10/2016 Stock Picks
1. CAB / SUNSURIA / HOMERIZ
2. KGB / ILB / N2N
3. Follow our channel closely during trading hours

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The Trusted Bursa Analyst:
Stocks to watch today are : !

KGB : Cut loss 0.28, TP 1: RM 0.33 , TP2: RM 0.44

Evergrn: Cut loss 1.04, TP1 :1.16, TP2 : 1.30

VS: Seems like going to breakout. Entry price at 1.46- 1.48. TP1: RM 1.58, TP2: RM 1.67, Stop loss at 1.43

Destini: Entry Price: Buying on breakout entry price: 0.84 – 0.85. TP1: RM 0.9, TP2: RM 1.00, Stop loss: RM 0.815.

Good luck this Friday

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 (14/10/2016):

FBMKLCI STRONG SUPPORT LIKE NO OTHER

Dear All,

The FBMKLCI closed lower at -2.01 point or -0.12% to close at 1665.02.

FBMKLCI remain sideways and supported so well like no other country. At this moment, we totally no idea how long our market can support.

DJIA finally break 18000 at the moment, if closing low it’s a big red alert signal which will possible continue to fall towards 17400. It’s highly possible to see a downtrend before US election. Unless later DJIA able to close high, forming a hammer candle, then will remain sideway.

We been waiting the market to fall, at such we are ready to collect good stock if any oversold happen. Don’t have to rush !

Follow us closely !
https://telegram.me/ltachannel !

If don’t want to get wet, ready umbrella every Friday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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M+ Online Morning Buzz – 14Oct16

Dow Jones: 18,098.94 pts (-45.26pts, -0.25%)
U.S. stockmarkets plunged at the start of the session on the back of further weakening of the Sterling Pound. However, bargain hunting activities emerged, recouping earlier losses and the Dow managed to close above the 18,000 level.

FBM KLCI: 1,665.02 pts (-2.01pts, -0.12%)
Tracking softer performance on the overnight Dow, negative sentiments may extend on Bursa Malaysia and the FBM KLCI may slid towards the 1,640 level.

Crude Palm Oil: RM2,618 (-RM35, -1.32%)
Crude palm oil pulled back after prices traded near the RM2,650 level on the back of mild profit taking activities. The support will be set around RM2,600

WTI Crude Oil: $50.44 (+$0.24, +0.48%)
Crude oil stayed above the US$50 level, the trend is still intact and may retest the US$55 level over the near term.

Gold: $1,258.09 (+$3.44, +0.27%)
Gold rebounded as market volatility heightened after the Dow fell below the 18,000 level. Gold may rebound towards the US$1,300 level.

Economic Releases:
China – China PPI Y.o.Y – 14Oct16, 9:30AM
China – China CPI Y.o.Y – 14Oct16, 9:30AM

Bursa Malaysia Trade Statistics – 13Oct16
Institutions:  Net BUY 51.6 mln (60.2%)
Retail:  Net SELL 5.6 mln (12.9%)
Foreign:  Net SELL 46.0 mln (26.9%)

Potential Momentum Stocks – 14Oct16
Stock Name: ILB (5614)
Entry: Buy above RM0.84
Target: RM0.89 (6.0%), RM0.975 (16.1%)
Stop: RM0.815 (-3.0%)
Shariah: No
Technical: Sideways consolidation breakout

Stock Name: SKPRES (7155)
Entry: Buy above RM1.33
Target: RM1.44 (8.3%), RM1.50 (12.8%)
Stop: RM1.28 (-3.8%)
Shariah: Yes
Technical: Short term trendline breakout

Source: Bloomberg, M+ Online

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FAt TA:
Salam and Morning All

MACRO : U.S. stocks slipped on Thursday led by falls in financial shares and following weak Chinese economic data but a late-day rebound in oil prices limited the day’s decline (investing. com).

MICRO :  Market was active yesterday despite index was in the red during majority of trading hours.

WHAT TO EXPECT? : Market looks good for further rally. Traders should be active on buying on weakness and selling on strength.

Below are my Watch List for SWING counters (14/10/2016)

SKPRES
EP : ABOVE 1.350
SL : BELOW 1.320
TP :  1.480

ECONBHD
EP : ABOVE 1.780
SL : BELOW 1.720
TP :  1.960

Happy trading.

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

Dear My Value Client,
Potential stock to buy today:
Date/日期 : 14/10/2016

1) IQGROUP (5107)
Price/现价           : 2.23
Target price/目标价: 2.36/2.50
Cut loss/止损价    : 1.85
**syariah
Sector/领域: consumer

2) INARI (0166)
Price/现价           : 3.42
Target price/目标价: 3.66/3.82
Cut loss/止损价   : 3.18
** syariah
Sector/领域: technology

3) LATITUD (7006)
Price/现价           : 5.19
Target price/目标价: 5.73
Cut loss/止损价    : 4.62
**syariah
Sector/领域: consumer

4) AWC (7579)
Price/现价           : RM0.815
Target price/目标价: RM0.90
Cut loss/止损价   : RM0.73
**Syariah
Sector/领域: Trading and Services

Source : RHB RESEARCH INSTITUTE

Views – 98

Reuters-The S&P 500 and the Dow Jones industrial average indexes ended Wednesday’s session with small gains as expectations for timing on a rate hike were largely unchanged after U.S. Federal Reserve minutes and investors waited on earnings reports.

Several voting policymakers judged a rate hike would be warranted “relatively soon” if the U.S. economy continued to strengthen, according to minutes from the September policy meeting released Wednesday afternoon.

While keeping rates low has risks, the Fed decided it was more risky to raise rates when they are concerned we might be seeing a slowdown in economic growth, said Kate Warne, investment strategist at Edward Jones in St. Louis.

“Unfortunately, they also didn’t provide a lot of clarity,” Warne said.

Traders have priced in small odds of a rate increase next month as the meeting falls days ahead of the Nov. 8 U.S. presidential election. The odds were still in favor of a December move, but down to 66 percent from 71 percent the day before, according to CME Group’s FedWatch tool.

With little news from the Fed, investors will see what earnings look like before they buy more stocks, said Steve Massocca, Chief Investment Officer, Wedbush Equity Management LLC in San Francisco.

Overall, S&P 500 third-quarter earnings are currently expected to fall 0.7 percent, marking the fifth quarter of negative earnings in a row, according to Thomson Reuters data.

The Dow Jones industrial average .DJI rose 15.54 points, or 0.09 percent, to 18,144.2, the S&P 500 .SPX gained 2.45 points, or 0.11 percent, to 2,139.18 and the Nasdaq Composite .IXIC dipped 7.77 points, or 0.15 percent, to 5,239.02.

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KLSE StockAlliance:
13/10/2016 Stock Picks
1. PESTECH / PRLEXUS / TALIWRK
2. GUH / DBHD / SUNSURIA
3. IREKA / PANTECH / MMSV

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.

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

The Trusted Bursa Analyst:
Stocks to watch today are : !

Saudee: Trade with close monitoring. Cutloss at RM 0.29

Prlexus: Watch for breakout, it will fill previous gap.Cut if below: RM 1.51, Tp1: RM 1.62, Tp2: RM1.68

Scicom: Breakout ! cut if below RM 2.05, TP1: RM 2.14, TP2: RM 2.20

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 THURSDAY (13/10/2016):

FBMKLCI LOCAL FUND STRONG SUPPORTING

Dear All,

The FBMKLCI closed lower at -1.69 point or -0.10% to close at 1667.03.

FBMKLCI remain sideways and very strong supported at this level, believed to be related to BUDGET 2017.

DJIA seem to be also strongly supported above 18000 this level. Most probably also due to next month election.

Since the market have been sideways for too long, investor and punter start to immune and we see average goreng on selected counter.

Although yesterday market remain gloomy, our FIFO picks like PRTASCO, TEKSENG catch rebound again make us laughing all the way to the bank.

Today we like to special highlight on KIANJOO, as it has finally bottom up with volume. Since CANONE have making big spike up, and CANONE owned KIANJOO 30%+. It mean that KIANJOO should do well as well.

Besides KIANJOO have been offered by Aspire Insight Sdn Bhd at price RM 3.30 before (reject cause want higher offer), which mean when KIANJOO trading anything below RM 3.0 already at huge discount, especially when latest quarter result August have show significant profit recover.

KIANJOO still busy in expanding it’s production capacity which we see mid to long term also full of opportunity in investing this company.

Refer : http://www.thestar.com.my/business/business-news/2016/04/21/kian-joo-may-consider-better-offer/

If there are much higher offer price surface by others company then will highly possible trigger “LIMIT UP”.

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Before Learn to BARK, Learn how to Shut Up this Thursday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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