Monthly Archives: November 2016

You are browsing the site archives by month.

 

MARKET OUTLOOK – US election outcome may spark big moves.

Bursa Malaysia declined in the wake of fresh liquidation pressure the past week, pulling the FBM KLCI below the rising trendline of the existing “symmetrical triangle” pattern, thus resulting a breakdown on the daily chart.

Unlike the previous breakdowns in the past, there was no evidence of unusual selling this time round. Instead, the broader market was somewhat calm although sentiment was cautious and the market was down.

Quite obvious, Bursa Malaysia has disregarded technical reading ahead of this week’s hotly contested US presidential election, which is highly likely to influence the global markets direction, including the local bourse in the immediate term.

Make no mistake about it. Global markets will react wildly to the final result of the White House race, similar to the big moves post Brexit outcome, but whether it is up or down this round, will depend on who emerges as the winner.

All is well for a Clinton win which will see equities reversing up and the bulls charging to higher grounds on frenzy buying as the upshot is clear that the bulls are in favour of her.

In the case of a surprise victory for Trump, there is a great possibility markets around the world will sustain the downward momentum on panic selling and should that happen, investors are advised to have an exit plan in place to avoid being caught.

To the upside, the key index will face signficant resistance at 1,680 points. A successful penetration of the 1,700-point psychological barrier will see the bulls becoming more aggressive, en route to 1,730 points and higher.

On the downside, initial support is seen at 1,630 points, A crack of the lower 1,600 points may drag the market lower, either to the 1,554-1,555 point band or the 1,500-1,503 point area.

By K.M Lee – The Star Biz 5/11/2016
++++++++

TradingSolution:
Bursa Malaysia Stocks
Monday 7/11/2016
-
Global Market Stocks Trading with Cautions until United States elections

For October, FBMKLCI Index remain Weak & average volume <RM1.5b per day,
Latest Currency exchange is RM4.21

Trade COLD EYE STOCK PICKs
There are 30 stocks pick by cold eye, but which is the best for traders to choose?
For those who aiming for instant profit take, hit and run :
Not all stocks by cold eye can be traded because price of certain stock have too less liquidity, so usually trader will aim for high quantity buy and sell queue to trade to maximize their return :
RGB, large quantity queue at buyer and seller side, by 1 bid move, trader will get a lot of profit in terms of quantity and %

Penta, Hevea, Homeriz , opensys, solution,mmsv has just enough liquidity, its usd stocks, now currency is weaken these 5 best the best to trade as usd strenghten
Rcecap , its very high volatility stock, high risk high gain
Jtiasa, has call warrants can try trade for its call warrant

Airasia & AAX :

Expected to have opportunities in this month until Q3 result out, operator and many traders have joined the party,
The upcoming results are expected to have significant growth in 3QFY16 due to strong demand
Traders have opportunities to perform in AAX and few AAX call warrants such as AAX-cu cv c1 c2 cx…, fast in fast out
Retailers may try to hold airasia, it might hit above RM3
Investors are expected to sell it after 3QFY16 due to passenger service arges effective next year
Any Questions and Suggestions can Email to us : BursaButterfly@outlook.com
++++++++

UOBKH Retail Market Monitor 7 November 2016

FBMKLCI 1,648.24 (-0.16,-0.01%)
Support: 1,640, 1,634
Resistance: 1,679, 1,691

Top Gainers: Astro Genting Bhd (+3.04%), AMMB Holdings (+0.97%) and
Westports Holdings (+0.92%)
Top Losers: Astro Malaysia Holdings (-1.44%), Malayan Banking (-1.41%)
and YTL Corporation (-1.29%)

Last Friday, US stocks continued to be dragged down amid signs the
presidential race between the two candidates were narrowing.
Meanwhile, the US economy added 161,000 jobs in October, while the
unemployment rate fell below 5%. Although the job numbers were below
street expectations, traders still see a 71.5% chance of the US Fed to
hike in December, according to the CME Group’s FedWatch tool. Rising
stocks outnumbered declining ones on the NYSE by 1,597 to 1,512 and
121 ended unchanged.

Stocks to watch:
1) MHC PLANTATION; Technical Buy with +19.1% potential return
*Last: RM0.900 Target: RM1.04, RM1.09 Stop: RM0.855
*Timeframe: 2 weeks to 2 months

2) CEPAT WAWASAN GROUP; Technical BUY with +15.8% potential return
*Last: RM0.800 Target: RM0.905, RM0.955 Stop: RM0.760
*Timeframe: 2 weeks to 2 months

3) TITIJAYA LAND; Technical BUY with +12.1% potential return
*Last: RM1.82 Target: RM1.99 RM2.04, Stop: RM1.69
*Timeframe: 2 weeks to 2 months

++++++++++

Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS MONDAY (07/11/2016):

FBMKLCI WAITING RESULT OF US ELECTION

Dear All,

The FBMKLCI closed little up at +0.16 point or +0.01% to close at 1648.24.

FBMKLCI last week is disaster as it fall continuously 5 day but perfect for a short position on the index and we have made pretty happy return from the fall. As for this week, it will be much more exciting awaiting US New Presidence Result.

DJIA although did not breakdown in a big way but in total of about 400 point down and breaking 18000 and the almost two month of sideways. This of course already indicating a downtrend for pre-election result.

As for this week, since all eye on US Election Result, I suggest we continue to wait the good fish swimming into our net at bottom. We love this kind of event that may put market into panic or even too much emotion.

No matter who win, the market remain goreng tetap goreng, short term effect will cause the market big swinging. And the big direction still very depending on any big move made by new President. So I am not too negative at any one win at the moment.

Since this week is crucial, we will only focus on strong moving stock like PESONA, TNLOGIS, EKOVEST, AIRASIA, MYEG and many more stock picks listed in premium groups that we are still waiting they drop into our wealthy net.

It’s almost time and be ready with us !
Welcome to our channel :

https://telegram.me/ltachannel !

Every Success just required a little bit more effort to make it happen this Monday!

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

++++++

The Bursa Analyst Channel:
Monday, 7-11-2016

Despite a weak market GLOBALLY and in MALAYSIA last week, we see all the construction sectors are very bullish, maybe can INVEST not trade in these counters as many and more projects are coming up. Construction: GKENT, KERJAYA, KIMLUN, GAMUDA, EKOVEST are top picks, seconds are GADANG (KYY is selling of his shares and does not recommend to buy anymore), WCT, IJM.

This week I will be expecting a REBOUND as current polls shows that CLINTON is leading against TRUMP. As much as I would like to see how AMERICA can be MADE GREAT again, however CLINTON’s foundation is ROCK SOLID. So for me I think Monday if any low price is a good deal. STILL, Take At your Own Risks !

Important stuffs to watch this week are the US PRESIDENTIAL ELECTION AND Us Energy Information Admiration Report on their Oil supply.

Oil prices are seen being bearish again once market predicts that they will fail to come to an agreement to cut oil supplies.

MYR/USD is trading around 4.2, and KLCI is lingering around 1650 points. We hope to see it back to 1660 by end of this week after market rebound !
Long term stocks:

DKSH, any good selldown is an opportunity to collect.

Stocks to watch this week 7 November to 11 November are:

PRESBHD : Last week reached a high of 2.40. anything between 2.20-2.25 is a good buy.

ECONBHD (construction): Support 1.79, TP 2.0, TP reached and closed 1.99. And then a lot of profit taking. This is a long term counter. Can continue to monitor to consider to add.

MMSV (LED and semicon in automotive inds): Support 0.64, Tp 0.705. (support broken.) will come back to this counter soon. Cold Eye did mention this counter.

TOMYPAK: Monitor for breakout at 1.65, more attention is at this counter already. It has broken out and staying above 1.65. MORE TO COME.

UEMS: (oversold) Support is at 1.08, TP 1.19. Currently at support, anything close below this support is a CUT.

KIMLUN (construction): support 2.12, TP 2.26 (touched). (bullish counter). TP2: 2.32

ECS: support 1.51 , TP 1.6. Still ok, as long as above support.

MIECO: (export) support 1.0. TP:1.14, already break out with ok volume. this counter weakening due to some strengthening of the Ringgit against USD.

Seems like AMERICA wont be GREAT, however Luckily our MARKET WILL BE SUPERMAN !

Follow The Bursa Analyst Channel for potential stockpicks and daily update.

https://telegram.me/TBAChannel

Views – 300

 

+++

Reuters-The S&P 500 fell for an eighth straight session on Thursday, its longest losing streak since the 2008 financial crisis, as Facebook shares weighed and investors grappled with uncertainty over next week’s U.S. presidential election.

Facebook shares tumbled 5.7 percent as the world’s largest online social media network warned that revenue growth would slow this quarter.

The stock was the biggest drag on the S&P 500 as well as on the tech-heavy Nasdaq, which also posted its eighth straight day of losses.

Investors have been unnerved by signs the U.S. presidential race between Democrat Hillary Clinton and Republican Donald Trump is tightening, after Clinton had until recently been thought to have a clear lead.

Two polls showed Clinton maintaining a narrow lead nationally ahead of the Nov. 8 election, echoing other polls that have shown Clinton with a slimmer lead since the re-emergence last week of a controversy over her use of a private email server while secretary of state.

“The polls have tightened and now the concern is more about what might a Trump presidency look like and the market hasn’t quite priced that in,” said Ernie Cecilia, chief investment officer of Bryn Mawr Trust in Bryn Mawr, Pennsylvania. “Given the fact that the election is five days away, that’s what’s driving near-term behavior right now.”

The S&P 500 lost 9.28 points, or 0.44 percent, to 2,088.66 and the Nasdaq Composite dropped 47.16 points, or 0.92 percent, to 5,058.41.

The Dow Jones industrial average, which does not include Facebook among its components, fell 28.97 points, or 0.16 percent, to 17,930.67.

+++++++

Chan:
This Channel is created to share Trading knowledge for Experienced traders, retailers & investors

Bursa Malaysia Stocks
Friday 4/11/2016
-
Airasia & AAX ,As mentioned on 1/11/2016,

AAX refuse to go down,
Expected to have opportunities in this month until result out, operator and many traders have joined the party,
the upcoming results are expected to have significant growth in 3QFY16 due to strong demand

Traders have alot opportunities to perform in AAX and few AAX call warrants such as AAX-cu cv c1 c2 cx…, fast in fast out
Retailers may try to hold airasia, it might hit above RM3
Investors are expected to sell it after 3QFY16 due to passenger service arges effective next year

VIVOCOM
Found its fundamental support at RM0.170,
Definitely benefit from CRCC’s partner Vivocom , it is going to deliver billion dollars construction project.

Any Questions and Suggestions can Email to us BursaButterfly@outlook.com

++++++++

Alwin:
All of you see our klci and world index keep dropping , and foreign funds keep pulling out, mostly due to US presidential election, as the outcome really unpredictable. However, even in such market , some stocks remain strong or bullish… Why?
My hypothesis is that a lot of funds are pulling out from the blue chips and investing in stocks which they think can outperform the market.

Construction is a good sector to focus in, as there are many projects going on and will happen.

Plantation sector is good as well due to higher palm oil prices in recent months, as long as it is about 2500, mostly plantation company will improve.

Another sector which is good to invest in is the iot sector especially those doing LED, is worth a look.

Lastly in bad market, as a friend told me, do not simply take position, reserve cash! Unless you’re 101% sure that counter you invest in is Fundamentally Very strong technically the chart pretty like flower! If not if enter wrong counter then just draw tortoise head and cry Lo haha.

Cheers,

+++

Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS FRIDAY (04/11/2016):

FBMKLCI FALL VERY GENTLY SOFTLY KILLING

Dear All,

The FBMKLCI closed lower at -11.52 point or -0.69% to close at 1648.08.

FBMKLCI yesterday fall almost same 11 point with Wednesday fall, this gently fall will have illusion for some trader that market did not fall hugely, quickly, and deadly. But it will still slowly, softly, kill you if you simply trade.

++++++++

BursaKakis Channel :
BKs Technical Ideas 4/11/2016

1) Penta (Live call @ RM1.43 on 3/11)
2) RceCap
3) Success
4) Tunepro
5) Skpres

Kindly refer to charts posted in BKs Channel.

Our Telegram Link: telegram.me/bursakakis

Our Facebook Link : https://www.facebook.com/groups/192414771167397/

DISCLAIMER: The comments here are for sharing and learning purposes and do not represent a recommendation to buy or sell. Kindly consult your remisiers or dealers before you take any action. Thank you.

++++++++

CIMB Trading Ideas 4/11/2016

1) Tunepro
2) Success

Kindly refer to charts posted in BKs Channel.

++++++++

DJIA do not get too excite to see some hope of rebound again and again after breaking 18000 because the market fear will still very strong coming when a super break down happen. No one wanna get burn from it and just be careful !

We continue to like TNLOGIS, PESONA, and AIRASIA do look potentially shaking up once again.

Don’t too hurry catch rebound !

Welcome to our channel :
https://telegram.me/ltachannel !

The Fox Changes its skin but not its Habbit this Friday!

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

Views – 133

BursaKakis Channel :
M+ Online Morning Buzz – 3Nov16

Dow Jones: 17,959.64 pts (-77.46pts, -0.43%)
U.S. equities trended lower for another session ahead of the U.S. presidential election next week, coupled with weaker crude oil prices. Meanwhile, the Fed kept the interest rates unchanged.

FBM KLCI: 1,659.60 pts (-11.33pts, -0.68%)
The FBM KLCI has ended below the 1,660 level, in tandem with the negative sentiments from Wall Street. The FBM KLCI may see further selling pressure towards 1,645.

Crude Palm Oil: RM2,758 (+RM26, +0.95%)
Crude palm oil rebounded on the back of short coverings as traders found immediate support near the RM2,700 level.

WTI Crude Oil: $45.34 (-$1.30, -2.81%)
Crude oil plunged below the US$46 level as crude inventories increased 14.4 mln barrels last week, according to Energy Information Administration.

Gold: $1,296.81 (+$9.31, +0.72%)
Gold continues to be viewed as safe haven asset under the uncertain market environment. Gold’s upside will be set around the US$1,300 level.

Economic Releases:
China – Caixin Services PMI – 3Nov16, 10:45AM
Eurozone – Eurostat Unemployment Eurozone – 3Nov16, 6:00PM
US – US Initial Jobless Claims – 3Nov16, 8:30PM
US – ISM Non-Manufacturing NMI – 3Nov16, 10:00PM

Bursa Malaysia Trade Statistics – 2Nov16
Institutions: Net BUY 153.7 mln (67.9%)
Retail: Net BUY 13.2 mln (14.1%)
Foreign: Net SELL 166.9 mln (18.0%)

Potential Momentum Stocks – 3Nov16
Stock Name: WASEONG (5142)
Entry: Buy above RM0.88
Target: RM0.94 (6.8%), RM1.00 (13.6%)
Stop: RM0.85 (-3.4%)
Shariah: Yes
Technical: Price breakout above RM0.87

Stock Name: PWROOT (5095)
Entry: Buy above RM2.12
Target: RM2.26 (6.6%), RM2.37 (11.8%)
Stop: RM2.07 (-2.4%)
Shariah: Yes
Technical: Price closed above EMA60 with volumes

Source: Bloomberg, M+ Online

++++++++

Uob Kay Hian Daily Top Pick, 3 Nov 2016

Dnonce, 7114
Close, 0.295
Buy TP, 0.37, 0.385
Breakout, 0.305
Support, 0.265
SL, 0.26

Time Frame, 2 Weeks to 2 Months

Panpages, 0041
Close, 0.31
Buy, TP, 0.355, 0.395
Breakout, 0.315
Support, 0.265
SL, 0.26
Time frame 2 weeks to 2 months

Waseong, 5142
Close, 0.885
Breakout, 0.905
Buy TP, 1.04, 1.14
Support, 0.85
SL, 0.845
Time frame, 2 weeks to 3 months

Thanks

+++++++++

Reuters-The S&P 500 ended lower on Wednesday for a seventh straight session, its longest such streak in five years, as the Federal Reserve signaled it could hike interest rates in December and the uncertain U.S. election continued to cloud the market’s outlook.

The U.S. central bank held interest rates steady, but said the economy had gained steam and job gains remained solid, expressing more optimism that inflation was moving toward its 2 percent target.

The decision was broadly in line with expectations of investors, who have been discounting a hike at this meeting but generally bracing for one in December.

It was the last Fed decision before next week’s presidential election between Democrat Hillary Clinton and Republican Donald Trump, a race that has rattled markets as it has appeared to grow closer in the past week.

“With the Fed meeting, basically they just teed it up for an increase in December, so there was really nothing unusual … This market right now is more on the election and any technical indicators,” said Alan Lancz, president of investment advisory firm Alan B. Lancz & Associates in Toledo, Ohio.

The Dow Jones industrial average .DJI fell 77.46 points, or 0.43 percent, to 17,959.64, the S&P 500 .SPX lost 13.78 points, or 0.65 percent, to 2,097.94 and the Nasdaq Composite .IXIC dropped 48.01 points, or 0.93 percent, to 5,105.57.

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

Logic Trading Analysis:
BURSA MALAYSIA MARKET IDEAS THURSDAY (03/11/2016):

FBMKLCI START WATERFALL AND TRUMP LEADING !?

Dear All,

The FBMKLCI closed lower at -11.33 point or -0.68% to close at 1659.60.

FBMKLCI finally fall together with other countries as whole market eyeing on US President Result, when TRUMP winning rate increase, seem market not so happy.

DJIA trying to break 18000 but still consider quite strongly supported, but I am afraid it will have a sudden big break down. No matter how, the market already scared and start running like hell.

We must again highlight TNLOGIS because it’s extra ordinary bullish, if you hold it, you will get rewarded.

Besides yesterday call catch PESONA, if you smart catch at low, tomorrow got chance rebound because just announce another huge awards project worth RM 488 million. Which total got around RM 2 billion order book for a small company construction company, it’s good for improve valuation. I upgrade my target for PESONA to RM 0.60 at least when market turn good.

November is a result month, so do remember avoid holding stock too many stock that may not confidently post good result to avoid gap down.

Don’t too hurry catch rebound !
We will never have true civilization until we have learned to recognize the rights of others this Thursday!

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

+++++++++++++=

TheBursa Analyst:
Thursday 3 November:

Market is bound to crash.
Oil is trading at $45 level. OPEC is a joke.
Market are waiting for results on 8 November. Looks like AMERICA WILL BE MADE GREAT AGAIN!
World market is bleeding.
TRADE WITH CARE!
INVEST by buying when there is chance.
BAD market also got Stocks green one, but monitor closely :

1. Kimlun
2. PESONA
3. PESONA-WC
++++++++++=

*GLOBAL* ♦

*_3rd Nov 2016_*

*Dow Jones* : ⬇77.46pts(17959.64)

*GOLD PRICE* : 1296.19
⬆9.79 / 0.76%

*WTI CRUDE OIL* : 45.34
⬇1.33 / 2.85%

*USD/MYR* : 4.18

*CORPORATE NEWS*

1⃣ *PCHEM* net profit ⬇ 2.73% to RM891 million for the 3QFY16, from RM916 million a year earlier, due to a sharp decline in crude oil price and passive demand.

2⃣ *PETGAS* net profit for 3QFY16 ⬆ 38.6% year-on-year to RM422.71 million or 21.36 sen per share largely because the previous year’s result was impacted by a foreign exchange (forex) loss.

3⃣ *PESONA* has bagged the construction job to build Central Plaza @ I-City in Shah Alam, Selangor valued at RM488 million.

4⃣ *SEACERA* has aborted a plan to acquire Duta Nilai Holdings Sdn Bhd for RM220 million. Duta Nilai owns a 250-acre piece of land in Semenyih, Selangor.

5⃣ *FAVCO* said it secured crane supply contracts worth RM70.6 million in total, during the past two months.

6⃣ *TRIVE* has cancelled an extraordinary general meeting (EGM) scheduled for Nov 16, in relation to the purchase of a RM19.6 million piece of land in Terengganu.

7⃣ *MISC* net profit for the 3QFY16 ⬇72.3% year-on-year to RM134.13 million as its petroleum segment sank into the red.
[03/11 09:05] Rosdi maybank: FAt TA:
M+ Online Morning Buzz – 3Nov16

Dow Jones: 17,959.64 pts (-77.46pts, -0.43%)
U.S. equities trended lower for another session ahead of the U.S. presidential election next week, coupled with weaker crude oil prices. Meanwhile, the Fed kept the interest rates unchanged.

FBM KLCI: 1,659.60 pts (-11.33pts, -0.68%)
The FBM KLCI has ended below the 1,660 level, in tandem with the negative sentiments from Wall Street. The FBM KLCI may see further selling pressure towards 1,645.

Crude Palm Oil: RM2,758 (+RM26, +0.95%)
Crude palm oil rebounded on the back of short coverings as traders found immediate support near the RM2,700 level.

WTI Crude Oil: $45.34 (-$1.30, -2.81%)
Crude oil plunged below the US$46 level as crude inventories increased 14.4 mln barrels last week, according to Energy Information Administration.

Gold: $1,296.81 (+$9.31, +0.72%)
Gold continues to be viewed as safe haven asset under the uncertain market environment. Gold’s upside will be set around the US$1,300 level.

Economic Releases:
China – Caixin Services PMI – 3Nov16, 10:45AM
Eurozone – Eurostat Unemployment Eurozone – 3Nov16, 6:00PM
US – US Initial Jobless Claims – 3Nov16, 8:30PM
US – ISM Non-Manufacturing NMI – 3Nov16, 10:00PM

Bursa Malaysia Trade Statistics – 2Nov16
Institutions: Net BUY 153.7 mln (67.9%)
Retail: Net BUY 13.2 mln (14.1%)
Foreign: Net SELL 166.9 mln (18.0%)

Potential Momentum Stocks – 3Nov16
Stock Name: WASEONG (5142)
Entry: Buy above RM0.88
Target: RM0.94 (6.8%), RM1.00 (13.6%)
Stop: RM0.85 (-3.4%)
Shariah: Yes
Technical: Price breakout above RM0.87

Stock Name: PWROOT (5095)
Entry: Buy above RM2.12
Target: RM2.26 (6.6%), RM2.37 (11.8%)
Stop: RM2.07 (-2.4%)
Shariah: Yes
Technical: Price closed above EMA60 with volumes

Source: Bloomberg, M+ Online

+++++++++++++++++====
MALAYSIA BUDGET SIGNALS STABILITY DESPITE LOW OIL REVENUE, SAYS FITCH
By CFO Innovation Asia Staff | Wednesday, November 02, 2016 – 11:05
Malaysia’s 2017 federal budget points to further stability in public finances, despite another decline in revenue from the oil & gas sector, says Fitch Ratings.

The ratings agency says Malaysia is better placed than many net commodity exporters to cope with the lingering effects of the negative shift in its terms of trade.

The dramatic fall in commodity prices since mid-2014 has been the single most important factor behind the wave of 31 emerging-market sovereign rating downgrades made by Fitch in 2015-2016. Two-thirds of these downgraded sovereigns were heavily dependent on revenue from commodity exports.

Malaysia is the largest net exporter of petroleum and natural gas products in south-east Asia, and its finances have not been immune to the effects of the collapse in prices.

The government estimates that oil & gas revenue will account for just 14.6% of total revenue in 2016, down from 30% just two years earlier. Dividends from the state-owned oil company, Petronas, are forecast to fall to MYR13bn (USD3.1bn) in 2017 from MYR16bn in 2016 and MYR29bn in 2014.

However, the fall in commodity revenue has not triggered a rating downgrade. The sovereign has kept its ‘A-’ rating, which has been on Stable Outlook since mid-2015. GDP growth has remained a credit strength despite the negative terms-of-trade shock.

Fitch expects the economy to grow by around 4.0% in 2016 and 2017, which is at the bottom of the government’s 4.0%-5.0% target range for 2017 but above the median of Malaysia’s rating peers.

Capital expenditure has fallen in the oil & gas sector, particularly at Petronas, but the impact on GDP growth has been partly offset by increases in consumer spending. Household spending continues to be supported by a hike in public-sector salaries that took effect 1 July 2016, and will receive another boost from a 26% increase in transfers to lower-income households included in the 2017 budget.

Impact of GST

Reasonably strong GDP growth has helped to stabilise Malaysia’s federal government deficit and debt levels. The introduction of a new Goods & Services Tax (GST) in April 2015 has also provided support to non-oil revenue. The government expects the GST to generate MYR40bn in 2017, up by 3.9% on the 2016 estimate, and forecasts a 3.4% increase in total federal government revenue in 2017.

The federal government deficit target for 2017 is set at 3% of GDP, which would be a slight fall from the government’s estimate of 3.1% in 2016. Fitch expects the 2016 deficit to come in at 3.2% of GDP, but views the 2017 target as achievable.

Fitch believes it is unlikely that the target will be missed by enough to push public debt above the self-imposed ceiling of 55% of GDP. Fitch estimates that federal government debt will remain under 54% of GDP at end-2016.

The impact of the 1 Malaysia Development Berhad (1MDB) affair on government policy making, political stability, and fiscal finances has been limited so far, but it remains a source of uncertainty. Fitch views 1MDB as a close – if informal – contingent liability of the sovereign, and will be monitoring it for any discernible negative effects on Malaysia’s fiscal position. Its unresolved issues also illustrate how governance standards remain a weakness in Malaysia’s credit profile.

Views – 195

 

: From UOBKH research Team:
In stock market terms, Budget 2017 lacks the punch

A notable announcement is the RM3b allocation by GLICs for small-mid cap stocks investments (<1% of this segment’s collective market cap), which a Star article today said will be fresh money.

Beneficiaries Identified
a) Construction & Building Material companies – although not linked to 2017 Budget announcement per se (which revealed only 1 new mega project, RM55b East Coast Rail Lines), many mega projects will roll off in 2017.
b) Destini – expected to secure MRO contracts from the Ministry of Defense
c) MyEG – on the eventual implementation of the GST monitoring system

Key picks
Main picks – An Joo, Ekovest, Gamuda, Hume Industries, Kim Loong, MRCB-Quill, VS Industry
Budget beneficiaries – Destini.
We also like MyEG (NR)
[02/11 09:35] Rosdi maybank: Good morning. Despite the unexpected higher-than-estimated China manufacturing PMI, the FBMKLCI kicked off the month on a softer note, easing 1.53 points or 0.09% yesterday. Market sentiment was also dampened by the lower oil prices. Today, the local stocks would likely to remain weak in tandem with the overnight decline in US stocks as well as the falling oil prices. Traders may stay sidelined for now, ahead of the US Fed interest rate decision and also US presidential election on the 8th Nov. Resistance: 1,675 & 1,692. Support: 1,652 & 1,645.

*Trading Stocks today:*

Malaysia:
*WCT Holdings (9679)* (RM1.75): Buy
Target: RM2.04
Cut loss: RM1.64

*MMC Corp (2194)* (RM2.41): Buy
Target: RM2.78
Cut loss: RM2.29

Singapore:
*Wilmar International* (S$3.32): Buy
Target: S$3.66
Cut loss: S$3.23

*Best World International* (S$1.505): Buy
Target: S$1.82
Cut loss: S$1.42

Hong Kong:
*Guotai Junan International* (HK$3.02): Buy
Target: HK$3.31-3.39
Cut loss: HK$2.95

*Jiu Rong Holdings* (HK$0.31): Buy
Target: HK$0.345-0.35
Cut loss: HK$0.29
*Fundamental Report(s):*

*Construction* – ECRL rolls into the rail theme (Maintained Overweight)

*AirAsia Berhad* – Negative impact from PSC hikes can be absorbed (Maintained Add with a tp of RM4.15)

*Hartalega Holdings* – Singapore investors’ feedback (Maintained Reduce with a tp of RM3.85)

*2nd Nov 2016*
[+++++++++=++

FAt TA:

M+ Online Morning Buzz – 2Nov16

Dow Jones: 18,037.10 pts (-105.32pts, -0.58%)
U.S. stockmarkets declined more than 100 pts as traders were staying cautious ahead of few major events, which include the FOMC meeting and the U.S. presidential election.

FBM KLCI: 1,670.93 pts (-1.53pts, -0.09%)
The FBM KLCI traded on a choppy session near the 1,670 level. Trading range will be located between the 1,660-1,680 levels.

Crude Palm Oil: RM2,732 (-RM31, -1.12%)
Crude palm oil declined further in tandem with the Dalian market and soybean oil movement. Support is located around the RM2,700 level.

WTI Crude Oil: $46.67 (-$0.16, -0.34%)
Crude oil headed for another round of negative closing on the back of expanding U.S. crude stockpiles; crude supplies increased by 9.3 mln barrels last week according to American Petroleum institute

Gold: $1,288.20 (+$11.27, +0.88%)
Gold trended higher as volatility heightened ahead of the conclusion of the FOMC meeting and U.S. presidential election.

Economic Releases:
Eurozone – Markit Eurozone Manufacturing – 2Nov16, 5:00PM
US – ADP National Employment Report – 2Nov16, 8:15PM

Bursa Malaysia Trade Statistics – 1Nov16
Institutions: Net BUY 39.5 mln (64.4%)
Retail: Net SELL 9.9 mln (13.2%)
Foreign: Net SELL 29.6 mln (22.4%)

Potential Momentum Stocks – 2Nov16
Stock Name: HEXZA (3298)
Entry: Buy above RM0.97
Target: RM1.05 (8.2%), RM1.10 (13.4%)
Stop: RM0.95 (-2.1%)
Shariah: No
Technical: Price breakout above RM0.97

Stock Name: HEVEA (5095)
Entry: Buy above RM1.40
Target: RM1.50 (7.1%), RM1.55 (10.7%)
Stop: RM1.34 (-4.3%)
Shariah: Yes
Technical: Breakout-Pullback-Continuation pattern formed above RM1.34

Source: Bloomberg, M+ Online

+++++++==++++

GLOBAL ♦

2nd November 2016

Dow Jones : ⬇105.32

GOLD PRICE : 1287.81
⬆16.31 / 1.28%

WTI CRUDE OIL : 46.67
⬇0.19 / 0.41%

BRENT OIL : 47.90
⬇0.71 / 1.46%

USD/MYR : 4.19

CORPORATE NEWS

• DiGi wholly owned subsidiary has today accepted the offer in respect to the spectrum assignments for a period of 15 years, effective July 1, 2017.

•Tan Sri Lim Siew Choon, the executive chairman of Malton Bhd, has surfaced as the single largest shareholder of WCT after acquiring a 19.67% stake.

• SAPRES indirect wholly-owned subsidiary has been granted the Air Operator Certificate licence by the Department of Civil Aviation Malaysia and the Air Service Permit by the Malaysian Aviation Commission, effective today.

• GKENT has bagged a RM277.2 million contract from Jabatan Kerja Raya Malaysia to design and build a 150-bed hospital in Tanjung Karang, Selangor.

• SOP has fixed the issue price for its two-for-seven renounceable rights issue at RM2.80 per share, which could raise up to RM357.84 million for the company.

• HTPADU has bagged a two-year contract worth RM79.77 million from the Road Transport Department (JPJ) to maintain the MYSIKAP system.

• MITRA has bagged a contract worth RM74.31 million from MRCB Builders Sdn Bhd through its wholly-owned subsidiary Pembinaan Mitrajaya Sdn Bhd.

• CCB net profit ⬇ 38.4% to RM8.29 million in the 3QFY16 against RM13.46 million a year ago, due to change in sales mix in favour of lower-priced vehicles.

• MPAY has aborted its plan to acquire a 51% stake in SignCharge Sdn Bhd for RM1 million, thus forfeiting its option to purchase 10% of SignCharge China.

+++++++++

Reuters-Wall Street sold off on Tuesday, with the S&P 500 closing at the lowest level since July 7, amid growing concern over the impending U.S. presidential election and prospects for higher U.S. interest rates.

Stocks pared losses after falling steeply in early afternoon trading as the S&P 500 breached a key technical level.

The tumultuous presidential race between Democrat Hillary Clinton and Republican Donald Trump has appeared to tighten in the past week after news that the FBI was investigating more emails as part of a probe into Clinton’s use of a private email system.

“There is concern over Trump being unexpected, because the market has really priced in a Clinton win and it hasn’t priced in a Trump win at all,” said Ken Polcari, director of the NYSE floor division at O’Neil Securities in New York.

The selloff in equities comes as the Federal Reserve holds its two-day policy meeting, with its statement due on Wednesday. While traders do not expect the central bank to raise interest rates just a week ahead of the presidential election, they are looking for signs confirming that the Fed is set to hike rates in December.

Real estate .SPLRCR, telecommunications .SPLRCL and utilities .SPLRCU stocks – sectors that tend to perform poorly in rising rate environments – sold off especially sharply.

“It’s really hitting the dividend-yielding names harder than anything else…,” said Stephen Massocca, chief investment officer at Wedbush Equity Management LLC in San Francisco. “I don’t know if there is a new ‘taper tantrum’ sort of building here on concerns the Fed will act in December and the whole low interest rate environment is about to change.”

“Taper tantrum” refers to the period in 2013 when markets were rattled by the prospect of the Fed gradually reducing its stimulus program.

The S&P 500 .SPX lost 14.43 points, or 0.68 percent, to 2,111.72, its biggest single-day percentage drop since Oct. 11.

The Dow Jones industrial average .DJI fell 105.32 points, or 0.58 percent, to 18,037.1, and the Nasdaq Composite .IXIC dropped 35.56 points, or 0.69 percent, to 5,153.58.

++++++++++

Mr. Bean:
Malaysia’s IPO 4Q 2016 – 1H 2020 :-
1. Rhone Ma Bhd (Dec 2016)
2. FoundPac Group Bhd (Dec 2016)
3. Matang Bhd (Jan 2017)
4. Cabnet Holdings Bhd (1Q 2017)
5. Inta Bina Group Bhd (1Q 2017)
6. Eversafe Rubber Bhd (1H 2017)
7. Advancecon Holdings Bhd (1Q 2017)
8. Serba Dinamik Holdings Bhd (1H 2017)
9. ASadat Group Bhd (2H 2017) – $458mil raised
10. EcoWorld International (March 2017) – $476mil raised
11. QSR Brands Bhd (KFC/PizzaHut) (1Q 2017) – $400mil raised
12. Edra Global Energy Bhd (1Q 2017) – $400mil raised
13. Iskandar Waterfront Holdings Bhd (1H 2017)
14. Ilmu Education Group Bhd (2H 2017)
15. MMC Port & Logistic Bhd (2H 2017) – $750mil raised
16. Edotco Group Bhd (1H 2018) – $500mil raised
17. Loob Holdings Sdn Bhd (Chatime Malaysia) (1H 2018)
18. U-Mobile Bhd (1H 2018)
19. Ekovest Highway Bhd (2H 2018)
20. Malaysia Airlines Bhd (1H 2019)
21. Al-Ikhsan Sports Bhd (2H 2019)
22. REAL Education Group Sdn Bhd (1H 2020)

+++++++++++

BursaKakis Channel :
BKs Technical Ideas 2/11/2016

1) HSL
2) Hexza
3) Tecguan

Kindly refer to charts posted in BKs.

Our Telegram Link: telegram.me/bursakakis

Our Facebook Link : https://www.facebook.com/groups/192414771167397/

DISCLAIMER: The comments here are for sharing and learning purposes and do not represent a recommendation to buy or sell. Kindly consult your remisiers or dealers before you take any action. Thank you.

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

Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS WEDNESDAY (02/11/2016):

FBMKLCI SELECTIVE REBOUND BUT REMAIN WEAK

Dear All,

The FBMKLCI closed lower at -1.53 point or -0.09% to close at 1670.93.

FBMKLCI again and again moving sideways and yet to see a strong come back.

DJIA left one week to go for respond on US President Election result. Whether any big movement happens, we shall see. Hopefully there are some big movement, so we can take better opportunity.

Yesterday mentioned TNLOGIS Meletup higher, congrats if you ride on.

As for today, I am monitoring OCNCASH, PESONA for some mini rebound.

November is a result month, so do remember avoid holding stock that may not confidently post good result to avoid gap down.

Welcome to our channel :
https://telegram.me/ltachannel !

Don’t let yourself down when everything is up this Wednesday!

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

+++++++++++

The Bursa Analyst Channel:
Wednesday 2 November:

HOHOHO ! 55Billion borrowings from china. Chinese kuat AhLong, dunno if china will AhLong us or not. Short term ok, long term no ok.

Today we see TUNEPRO and MFLOUR rocket power, after FongSiLing AKA COLDEYE promoted this book. Honestly I look up to this sifu very much.

PRESBHD was one of the attention in the stock market after the Cabinet approved of SKIN project.

WCT was bullish after lunch due to some rumours but turns out the aforesaid rumour is a joke. Another joke is OPEC deal, please stay away from oil and gas counters for now  PERISAI this SAI company got what leftover just accept your losses and sell only. Ringgit is strengthening against the USD, hope it back to 3.9-4.0 level then we don’t have to Cuti-Cuti Malaysia lah! At least can cuti cuti in Bangkok, Thailand can go say say SawadeeKup, kapkunKap, what is your KAP? A B C or D

ASTROLOGY ANALYSIS, November 1-2, the Mecury is in a minor league positive aspect with SATURN which means it takes extra effort to bring out the POWER ! true enough, morning market so boring, after lunch at least more trades occurred! As for this, we look at tomorrow stock picks:

STOCKPICK 2 November 2016:

1. PRESBHD
2. XINHWA
3. TNLOGIS
4. REXIT possible boom from previous pattern. Monitor.

Foreign Fund has been cashing out from our market, hence everything is slowing down. Please trade with care.
Follow The Bursa Analyst Channel for potential stockpicks and daily update.

https://telegram.me/TBAChannel

Views – 593

Source:The Edge Market

ES Ceramics shares traded slightly above last Thursday’s lows of 46.5 sen, the worst in 7½-month amid light bargain-hunting interest. Apparently, the stochastic and the 14-day relative strength index are ticking up. Combined with the buying signal on the moving average convergence/divergence histogram, they suggest prices are likely to firm in the short term. A clear penetration of the uppermost 100-day simple moving average of 55 sen will lead to a re-test of the all-time high of 65.5 sen or higher into the uncharted territory. Crucial support is set at the 44 sen mark.

PRESTARIANG was generally range-bound the past 2½-month, undergoing consolidation. Technically, the short-term indicators, namely, the stochastic and the moving average convergence/divergence histogram, are painting a pretty encouraging landscape, implying prices are poised to advance in the immediate term. A decisive breakout of the uppermost 200-day simple moving average (SMA) of RM2.44 may propel the shares higher to the RM3-RM3.02 area. The next upside objective will be to challenge the historical peak of RM3.27. Important support is pegged at the 100-day SMA of RM2.11.

RGB International rose to high of 22 sen last Friday, the best since August 2009, before turning range-bound asorbing sporadic profit-taking activity. Based on the daily chart, prices are expected to face heavy resistance at the 23 sen barrier, of which a major breakout will see the bulls becoming more aggressive, en route to the upper hurdle of 30 sen. As for the downside, initial support is seen at 19 sen, which is the 21-day simple moving average. An additional floor is lying at the 16 sen level.

+++++++

BursaKakis Channel :
Uob Kay Hian Daily Top Pick, 1 Nov 2016

Salcon, 8567
Clogse, 0.615
Buy TP, 0.695, 0.765
Breakout, 0.615
Support, 0.57
SL, 0.565

Time Frame, 2 Weeks to 2 Months

Tnlogis, 8397
Close, 1.70
Buy, TP, 1.99, 2.21
Support, 1.60
SL, 1.59
Time frame 2 weeks to 3 months

Zecon, 7028
Close, 0.615
Breakout, 0.63
Buy TP, 0.755, 0.815
Support, 0.585
SL, 0.58
Time frame, 2 weeks to 2 months

Thanks

++++++++

BursaKakis Channel :
M+ Online Morning Buzz – 1Nov16

Dow Jones: 18,142.42 pts (-18.77pts, -0.10%)
Wall Street extended its sideways trend between the 18,000-18,250 levels as traders stayed cautious ahead of the FOMC meeting.

FBM KLCI: 1,672.46 pts (+2.19pts, +0.13%)
The FBM KLCI continues to trend higher for another session, but market sentiments remained weak. Nevertheless, traders may focus on consumer and healthcare related stocks over the near term.

Crude Palm Oil: RM2,763 (-RM25, -0.90%)
Crude palm oil declined further below the RM2,800 level after weaker-than-expected export data released by Intertek, which fell 6.5% M.o.M to 1.29 mln tons in October.

WTI Crude Oil: $46.86 (-$1.84, -3.78%)
Crude oil slipped further below the US$47 level after inconclusive talks in OPEC meeting over the weekend. Next support will be located around US$46.

Gold: $1,277.21 (+$1.74, +0.14%)
Gold trended marginally higher ahead of few major events – FOMC meeting and US presidential election (8th of Nov).

Economic Releases:
China – China Manufacturing PMI – 1Nov16, 9:00AM
US – Markit US Manufacturing PMI – 1Nov16, 9:45PM
US – ISM Manufacturing PMI – 1Nov16, 10:00PM

Bursa Malaysia Trade Statistics – 31Oct16
Institutions: Net BUY 130.3 mln (62.2%)
Retail: Net BUY 13.0 mln (13.6%)
Foreign: Net SELL 143.3 mln (24.2%)

Potential Momentum Stocks – 1Nov16
Stock Name: YSPSAH (7178)
Entry: Buy above RM2.240
Target: RM2.460 (9.8%), RM2.640 (17.9%)
Stop: RM2.150 (-4.0%)
Shariah: Yes
Technical: Price surged above EMA120

Stock Name: PELIKAN (5231)
Entry: Buy above RM0.925
Target: RM1.000 (8.1%), RM1.060 (14.6%)
Stop: RM0.865 (-6.5%)
Shariah: Yes
Technical: Price rebounded above EMA20

Source: Bloomberg, M+ Online

++++++++

Chan:
Bursa Butterfly Channel:
Chan:
This Channel is created to share Trading knowledge for Experienced traders, retailers & investors

Bursa Malaysia Stocks
Tuesday 1/11/2016
-
Global Market Stocks Trading with Cautions until United States elections

For October, FBMKLCI Index remain Weak & average volume <RM1.5b per day,
Latest Currency exchange is RM4.20

 

Trading opportunities for Government Linked Company stocks:

FGV – Steering Committee plan article was posted by The edge on 31 OCT has caused its shares dump down to the lowest RM1.94,
although FGV has denied in the afternoon but the stock price seem to be very weak to rebound, nobody know what is the intention
behind : Traders may have the opportunities to trade for its call warrants (eg: C15, C19 , avoid C16) for the rebounds(if it happens)
MYEG is on the uptrend 4th Wave based on chart :
Traders may have the opportunities to trade on its call warrants
Retailers(short term) best entry point is RM2.40, TP is the 5th wave, cut if drop below RM2.37
Investors(fundamental) PE too high, having difficulty to follow, MYEG is too expensive

UEM intermediate Support level at RM1.1 :
Traders should wait until genuine buyers appear, perform FIFO for the rebound!
Retailers(short term) can try to collect at RM1.1 for rebound play

Traders also can try to monitor USD stocks if USD/MYR >RM4.23:

Evergreen/Homeriz/VS/Hevea :
Traders may have the opportunities to perform FIFO on monday,
Retailers(short term) may try to collect if the ringgit is continue to weakening
Investors may try to collect more for the upcoming quarter result,if the stocks drop to below support levels only if the ringgit is still weak

Trading Supperpenny with cautions:
Perisai and Kinstel have just enter PN17, Beware of trading super penny stocks(below RM0.20) such as
Thheavy, Pdz, Sumatec and those below RM0.20 without fundamental support.

Due to weak sentiment in Super penny stocks, Vivocom and dnex warrant may drop further but soon will find its support
high risk trader can try to monitor and collect at settled cut loss level.

++++

BursaKakis Channel :
BKs Technical Ideas 1/11/2016

1) ECS (Ideas 31/10 @ 1.54)
2) TNLOGIS (Live call 26/10 @ 1.66)
3) YSPSAH

Do trade with care due to market heavy selldown & many broken their support level.

Kindly refer to charts posted in BKs.

Our Telegram Link: telegram.me/bursakakis

Our Facebook Link : https://www.facebook.com/groups/192414771167397/

DISCLAIMER: The comments here are for sharing and learning purposes and do not represent a recommendation to buy or sell. Kindly consult your remisiers or dealers before you take any action. Thank you.

++++++++++

CIMB Trading Ideas 1/11/2016

1) YSPYAH
2) YTL Power

Kindly refer to charts in BKs Channel.

++++++++++

The Bursa Analyst Channel:
Tuesday 1 November:

Wow 1 more month and 25 days we will celebrate Christmas !! ❤️
Anyway back to world happenings:
1.Today our TAIKOR go visit CHINA, what are the outcomes ? in future, our CUCU will serve china.. Anyway as for now, the plan is to sign 10 Agreements and MOUs.

2. FBI dig into Hillarious punya Email clearly affected her chances of winning. Also it was said that DNC chair Donna Brazile gave tips to Puan Hillary before the questions were asked in the debate. This is like…. INSIDER DEBATE !! If insider trade kena SC tangkap, INSIDER DEBATE DO WHAT? Lose election loh.. so that AMERICA CAN BE GREAT AGAIN !

3. OPEC Seems to be failing to reach an agreement with both IRAN and IRAQ backing out, distorting the OIL sentiment. Both Brent and Crude oil are trading below $50. Please with this kind of market I would not advise to hold any Oil and Gas Stocks.
4. RUBBER related counters will be affected by the increase cost for latex production. TOPGLOVE, ESCERAM, COMFORT, SUPERMX

Recently a lot of Foreign Fund pulling out from our market. A deep dive today happened to the KLCI and I think it is the doings of these Foreign Fund, and our Institutional Funds mainly EPF are currently supporting the market. This bubble will burst. Be careful.

Stocks to TRADE 1 November:

IVORY: Very nice Cup and Holder Formed and ok volume. Entry 0.48-0.49, Cut Loss 0.47, Target price 0.575

SALCON: Entry 0.605- 0.625, Cut Loss 0.59, Target Price 0.63 TP2 0.655
Even for such a position also want to cheat! WE NEED AMAERICA TO BE GREAT AGAIN !
Follow The Bursa Analyst Channel for potential stockpicks and daily update.

https://telegram.me/TBAChannel

++++++++++

M+ Online Market Wrap–31Oct16

FBM KLCI: 1,672.46 pts (+2.19 pts, +0.13%)
After a choppy trading session throughout the day, the FBM KLCI managed to recover and ended on a positive note led by GENM (+14.0 sen) and MAYBANK (+7.0 sen). However, market sentiments were weak – market breadth was negative with losers led gainers by a ratio of 5-to-3. Nevertheless, selected small and mid-cap stocks within the logistics company like TNLOGIS (+3.0 sen) and XINHWA (+2.0 sen) gained mild buying interest.

Top 3 Active stocks:
FGV (5222): RM2.01 (-19.0 sen)
KINSTEL (5060): RM0.03 (unch)
VIVOCOM (0069): RM0.165 (-1.0 sen)

Volume: 1.45 bln (3-month avg vol: 1.71 bln)
Value: RM1.89 bln
Market Breadth: ⬆:290 ⬇:521
Crude palm oil: RM2,768 (-RM20)
Dow Futures: 18,124 pts (+26 pts)

Source: Bloomberg, M+ Online

++++++++

Logic Trading Analysis:
BURSA MALAYSIA MARKET IDEAS TUESDAY (01/11/2016):

FBMKLCI MOST IMPORTANT MONTH OF THE YEAR 2016

Dear All,

The FBMKLCI closed higher at +2.19 point or +0.13% to close at 1672.46.

FBMKLCI Surprisingly turn up on last day of October, however come to November, which is the most eventful month, we are getting ready for all the possible set up.

DJIA clueless at the moment, we just have to mostly wait until US President result,or see it break 18000 or break 19000 for a big direction. I hoping DJIA to down toward 17000 so that we will have chance to earn bigger.

We continue monitor and spotting some strong bullish counter and will be name it when time is right. Yesterday notice TNLOGIS.

The world is beautiful when your happiness are bring by others this Tuesday ! !!

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

Views – 191