Monthly Archives: December 2016

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Reuters- A sharp decline in technology stocks pulled both the Nasdaq and the S&P 500 indexes into the red on Thursday, while the Dow managed to notch a record closing high with a lift from bank and energy shares.

Declines in Facebook (FB.O), off 2.8 percent at $115.14, and Microsoft (MSFT.O), down 1.8 percent to $59.18, sent the Nasdaq to its lowest close since Nov. 14, while the S&P 500 technology index .SPLRCT dropped 2.3 percent, its worst daily performance since June 24.

While the S&P 500 has gained more than 2 percent since the November election on hopes that President-elect Donald Trump’s policies will trigger inflation and hasten a rise in interest rates, technology stocks have failed to participate, dropping nearly 3 percent.

“In a higher rate environment you are going to want to pay less for growth further out. To a large extent that is probably what is happening in the higher (price-to-earnings) stocks,” said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

“Everybody is getting tarred and feathered.”

The Dow advanced as gains in high-priced names in the financial and energy sectors climbed. Goldman Sachs (GS.N), up 3.3 percent, accounted for more than 50 points to the plus side for the price-weighted index. The stock is up more than 24 percent since the election.

The Dow Jones industrial average .DJI rose 68.35 points, or 0.36 percent, to 19,191.93, the S&P 500 .SPX lost 7.73 points, or 0.35 percent, to 2,191.08 and the Nasdaq Composite .IXIC dropped 72.57 points, or 1.36 percent, to 5,251.11.

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The Sun Daily:Property prices are expected to drop further in 2017 on the back of unresolved issues in home pricing, high rejection of loan applications, rising living costs and lower income growth, according to the PropertyGuru Property Price Index.

Average asking price could see a further drop of RM35 to RM40 per square foot (psf) in 2017, particularly in the high-rise segment which is facing an oversupply.

“Homes priced between the RM500,000 and RM700,000 are likely to see the most number of loan rejections and hence slower sales,” said PropertyGuru country manager Sheldon Fernandez.

In the middle of 2016, average asking price was RM554 psf, down from RM586 psf a year ago, shared PropertyGuru.

“Based on the combined data from the PropertyGuru Property Price Index and official statistics, 2017 is expected to be another slow year for the property market.

With the completion of many new developments flooding the market in 2017, there is likely to be a drop in selling price due to the lack of demand; and some may be motivated to move their units quickly due to their lack of holding power,” he said.

However, Fernandez pointed out that landed properties at strategic locations could maintain their valuations or even see marginal price appreciation.

On the bright side, the rental market is expected to remain strong, fuelled by a growing pool of young and aspiring first-time homebuyers who may defer their home-purchase decision.

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The Sun Daily:With the Organisation of Petroleum Exporting Countries (Opec) members finally agreeing to cut oil production by 1.2 million barrels per day, the ringgit, which has yet to see any signs of rebound, could be supported in the near term, according to analysts.

The ringgit weakened marginally by 0.01% to 4.4668 against the US dollar yesterday, fast approaching the 4.50 level.

In London trading at 1030 GMT yesterday, Brent crude was up 51 cents at US $52.35 per barrel and US West Texas Intermediate was 47 cents higher at US$49.91 per barrel.

“We would expect the rise in crude oil price to lend support for the ringgit in the immediate term,” MIDF Research said in its research note yesterday.

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Bursa Malaysia ended on a firm note on Thursday lifted by buying support in heavyweight energy stocks following the ally in oil prices.

Yesterday, KLCI was up 7.32 points or 0.45% to 1626.44.   The index opened 1.98 points higher at 1,621.10 in the morning. Market breadth was positive with 493 gainers as compared to 307 losers while 297 unchanged. Trading volume, however, decreased to 1.529 billion shares worth RM1.6bil.

Dealers said the performance of the local bourse was mainly lifted by the buying interest in selected heavyweights and oil and gas counters.

Commodities
Crude Oil: 50.91, +2.97%
Brent Oil: 53.68, +3.55%
Gold: 1,173.00, -0.08%
Silver: 16.568, +0.52%
USD/MYR: RM4.46
SGD/MYR: RM3.13

Companies in News

EKA Noodles Bhd, which fell into Practice Note 17 (PN17) status three months ago, saw its net loss for the third quarter ended Sept 30, 2016 (3QFY16), widen to RM5.9 million or 2.64 sen a share against RM1.65 million or 53 sen a share a year earlier

Bison Consolidated Bhd is buying a factory in Johor Bahru for RM4.155 million that will operate as a sub-distribution centre for its stores in Johor.

KPJ Healthcare Bhd has proposed to dispose of its 30% stake or 720,000 shares in Hospital Penawar Sdn Bhd, held by its wholly-owned subsidiary Kumpulan Perubatan (Johor) Sdn Bhd, for RM2.21 million.

 Perdana Petroleum Bhd said its wholly-owned subsidiary Petra Offshore Ltd (POL) has issued a notification to Nam Cheong International Ltd (NCIL) for the cancellation of the memorandum of agreement (MoA) to acquire an accommodation work barge.

Media Chinese International Ltd’s net profit fell 32% in its second quarter of the financial year 2017 (FY17), on softer advertising spending amid weak consumer sentiments, which affected all its business segments.

Kuantan Flour Mills Bhd, a PN17 company since Dec 12, 2015, is still looking into the formulation of its regularisation plan of its financial conditions.

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Maybank Kim Eng Daily Kopi (01 December 2016)
Dow    19191.93    0.36%
S&P    2191.08    -0.35%
Nasdaq    5251.107    -1.36%
VIX    14.07    5.55%
Nikkei    18513.12    1.12%
KOSPI    1983.75    0.01%
SSE    3273.31    0.72%
TWSE    9263.53    0.25%
HSI    22878.23    0.39%
STI    2928.58    0.81%
KLCI    1626.44    0.45%
USD/MYR    4.4635    0.06%
EUR/MYR    4.7405    0.39%
GBP/MYR    5.6050    -0.47%
AUD/MYR    3.3021    1.11%
SGD/MYR    3.1248    0.29%
JPY/MYR    3.913    -0.28%

(+/- chg refers to MYR relative perf)

Top U.S.Market News:
o    US stocks finished mixed as Dow closes at record high, but Nasdaq slumps on weak technology stocks
o    Nasdaq skids 1.3% as technology stocks slump, while S&P 500 fell 0.35%. Sox Index drops almost 5%
o    Dow was kept positive by Chevron and Goldman stock rallies
o    Bonds and stocks were dumped today. Energy shares rally, but jump in yields hits defensive stocks
o    Gold was smacked again overnight (to 10-month lows)
o    European stocks fell, following their first monthly gain in three, dragged lower as investors opted for caution ahead of Italy’s weekend referendum, which is feared to spark a political crisis in the Eurozone.
o    The prospect of higher inflation pulled bond prices lower and sent yields higher. The yield on Germany’s 10-year bund added 10 bps to 0.365%, and the yield on the U.K.’s 10-year gilt moved up 8 bps to 1.485%.
o    Fed’s Kaplan: household deleveraging has resulted in sluggish GDP growth. Do not see a recession in the near term; the US consumer is in good shape
o    Kaplan: high student debt remains headwind for economic growth
o    Iraq Oil Min: Iraq ‘may’ attend next week’s meeting between OPEC and non-OPEC producers
o    Japan reportedly seen cutting tax rev forecast, which could cast doubt on govt’s ability to raise funding while reducing debt issuance – Nikkei
o    Japan casino bill reportedly is expected to pass Parliament committee. Still needs to pass both houses
o    VIX Index jumped most in a month (above 50DMA)

Stock News
o    Caterpillar (CAT +0.7%) was halted late-morning. At Credit Suisse presentation, the company sees FY17 PPS and revenue of $3.25 and $38B as too optimistic. Shares dropped sharply after trading resumed but quickly recovered and closed up.
o    Goldman Sachs (GS) stock was up 3.3%, to a nine-year high, as the continued climb Treasury yields spurred further buying in financial stocks.
o    Chevron (CVX) shares jumped almost 2% to two-year highs as crude prices continue to surge
o    FANG stocks under pressure again. AMZN, FB, NFLX, GOOGL all lower as the rotation into banks, oil and retailers continues
o    Apple (AAPL -1%) has begun to reduce orders for iPhone 7s as initial “sales momentum has started fading”, according to sources from Taiwan’s handset supply chain-Digitimes
o    Amazon (AMZN -1%) announced the launch of HBO and Cinemax on Amazon Prime Channels – HBO subscription available for $14.99 per month available without the need for a TV package. In addition, Cinemax is now available on Amazon Channels for $9.99 per month. Netflix down on the news.
o    Dollar General (DG -5.5%) Misses by $0.04c, misses on revenue. Reports SSS fell 0.1% during a “challenging” Q3. DG saw strength in consumables and weakness in the apparel, seasonal and home products categories.  Dollar Tree (DLTR) falls 1.75%
o    The retailers saw strength in consumables and weakness in the apparel, seasonal and home products categories.
o    McDonalds (MCD -0.7%) Consortium of Citic and Carlyle are reportedly near an agreement to acquire McDonald’s stores in China and Hong Kong for as much as $3B – press
o    Visa, Mastercard Delay Deadline for Upgrade of Gasoline Pumps
o    Starbucks (SBUX) shares drop 3% after hours on news of CEO Schultz’s departure

Notable ADR News:
o    Dual-listed ADRS went out at some decent discounts with Taiwan tech leading the way lower as the SOX index collapses almost 5%. TSM goes out at a 45 bps discount.
o    Macau posts best monthly revenue growth since early 2014; Macau names see profit taking after Nov revenue data comes in a bit better but not enough for any further incremental buyers.
Macau may require inbound travelers to disclose cash holdings of over 120,000 MOP (US$15K) at entry.
Some casino names pared losses into close on headline that Japan casino bill reportedly is expected to pass Parliament committee.
o    Baidu (BIDU -2.3%): Iqiyi and Sony Pictures in cooperation on Chinese streaming movies
o    Alibaba (BABA -4.4%) shares pummeled today on heavy vols as the tech sector overall remained under pressure. BABA Reportedly in discussions to acquire Indian online shopping marketplace Snapdeal with some saying valuations are too high. BABA Reportedly NOT in any discussions to acquire Snapdeal, contrary to earlier reports
o    Weibo (WB -10%) was tagged for a big loss. This name has been held up for months on hopes Alibaba (owns 25%) would maybe take them out, the feeling is that Jack Ma may be spending money elsewhere. Sina was off 6% (big WB holder)
o    Lazada (BABA backed) sees Record Sales from Shopping Event. Lazada is working with more than 5,000 companies for its month long online shopping event.
o    Ctrip (CTRP-0.9%) Beijing Launches Traditional Chinese Medicine Tours Directed at Foreign Audience; Ctrip helps Beijing reestablish its image as a popular destination for travelers interested in the benefits of the ancient medical therapy
o    Tata Motors (TTM -2%) China’s new 10% luxury tax started today. TTM ell over 2% since range Rover is in the luxury category in China.  BMW, Mercedes aren’t’ affected since there are priced under the luxury tax threshold.

* VIX: +5.4% to 14.05

* Volume 9.2B, 22% above the 3-month daily avg

* Treasury yields climbed, with the 10-year touching its highest level since mid-July 2015, as surging oil prices stoked expectations that inflation will accelerate in 2017. 10 –year yield gained 8bps to 2.44%

30-year -0.97%. 10-yr -0.35%. 5-yr -0.2%.

European Equity Highlights
STOXX 600 -0.33% 340.86
DAX -1.00% 10534.05
FTSE +0.45% 6752.93
CAC -0.39% 4560.61

* European stocks fell, following their first monthly gain in three, dragged lower as investors opted for caution ahead of Italy’s weekend referendum, which is feared to spark a political crisis in the Eurozone.
* The prospect of higher inflation pulled bond prices lower and sent yields higher. The yield on Germany’s 10-year bund added 10 bps to 0.365%, and the yield on the U.K.’s 10-year gilt moved up 8 bps to 1.485%.

Forex
DXY -0.52% 100.96
Euro +0.67% vs. dollar. Yen -0.38%. Pound -0.68%.

*The dollar pulls back after sharp gains; weakens vs yen. Pound rallies on ‘soft Brexit’ hopes

* MYR: ringgit was higher vs USD on back of the big jump in crude oil prices.

Commodities:
CPO: +6 +0.30% 3079

* Palm oil ends higher and are now at 4-year high as crude oil gains may boost palm demand.

For stock ideas and market flows, access Market Insight on Maybank Investment Bank http://bit.ly/1dsTxV9 and Maybank KE Trade SG mobile apps https://appsto.re/us/OY-Kw.i.
Download from Apple Store and Google Play now.

Stay Ahead, Trade Smart

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Bursa Butterfly Channel:
Bursa Malaysia Stocks

Friday  2/12/2016

Latest Currency exchange is RM4.46

Have faith,O&G December rebound play

Finally all quarterly results are released in November, no matter the results are bad or very bad, everything is already happened, at least overnight result risks are gone, you have tried your best move!
We all know market is bad for few months already, many people disappointed to this market, giving up and cashing out from the market. If you are still in the market, able to withstand this bad sentiment market and ignore bad influences, you have survived, things can’t kill you make you stronger!

Rebound play O&G counters for tomorrow are :

KNM- Panic selling is over, 1st rebound price is RM0.365

PERISAI- Can start follow if KNM rebounding to RM0.365

SUMATEC – Can start follow if PERISAI start moving

SKPETRO-  This o&g counter is difficult to trade, first tp RM1.65

THHEAVY – Can monitor for theme play

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Dzulhilman M+ WM PR Traders:
Salam and Morning All

MACRO :  U.S. stocks were mixed after the close on Thursday, as gains in the Financials, Oil & Gas and Industrials sectors led shares higher while losses in the Technology, Utilities and Healthcare sectors led shares lower (investing. com)

MICRO : Market rebounded slightly fueled by spike oil price.

WHAT TO EXPECT? : As mentioned yesterday, market to rebound. The sentiment will prolong today as fresh buyers sets in motivated. Counters which was on support yesterday mostly rebounded. Those which are laggard will be the next in the list.

#TIPS : To find counters on support using MPlus Platform, you may try to sort your list using Stochastic %D Column. Those below 25% are oversold.

Below are my Watch List for SWING counters (02/12/2016)

KIMLUN
EP : ABOVE 2.090
SL : BELOW 2.060
TP : 2.260/2.450

IKHMAS
EP : ABOVE 0.600
SL : BELOW 0.560
TP : 0.700

Happy trading.
=========================================================
# Interested to become a Remisier with MPlus? Come and talk to us now!!
#FYI we have 3 types of buycalls:
1 – SWING : Given every early morning such as above.
2 – CONTRA : Given in VIP Group before closing of market.
3 – INTRADAY : Live buy call during market operation in VIP Group.
#tepukdadatanyaselera

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BursaKakis Channel , [02.12.16 08:54]
[Forwarded from Itchy Itchy Trader Club (J C)]
M+ Online Morning Buzz – 2Dec16

Dow Jones: 19,191.93 pts (+68.35pts, +0.36%)
U.S. stockmarkets ended mixed overnight as the Dow closed at a fresh record high at 19,191.93 pts, but the S&P 500 extended its losses by 0.4%, mainly due to weakness in technology shares.

FBM KLCI: 1,626.44 pts (+7.32pts, +0.45%)
The FBM KLCI staged a sharp rebound, recovering most of its previous session losses in tandem with gains in key regional indices. The immediate resistance level is located around the 1,630-1,640 levels.

Crude Palm Oil: RM3,079 (+RM6, +0.20%)
Crude palm oil prices extended its gains after the rally in crude oil prices boosted the outlook of B10 biodiesel implementation programme. The RM3,100 level will serve as the next resistance level.

WTI Crude Oil: $51.06 (+$1.69, +3.42%)
Crude oil prices closed higher for the second session as OPEC members focus on shrinking their inventory levels. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,171.69 (-$3.63, -0.31%)
Gold prices fell for the third straight session expectation as the strong US economy data shifts investors focus towards higher yielding assets. The US$1,150 level will serve as the immediate support level.

Economic Releases:
US – US’ November Unemployment Rate – 2Dec16, 9.30PM

Bursa Malaysia Trade Statistics – 1Dec16
Institutions:  Net BUY 57.9 mln (66.7%)
Retail:  Net SELL 21.7 mln (14.3%)
Foreign:  Net SELL 36.2 mln (19.0%)

Potential Momentum Stocks – 2Dec16
Stock Name: PESONA (8311)
Entry: Buy above RM0.555
Target: RM0.615 (10.8%), RM0.655 (18.0%)
Stop: RM0.50 (-9.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation formation

Stock Name: SYSTECH (0050)
Entry: Buy above RM0.200
Target: RM0.23 (15.0%), RM0.265 (32.5%)
Stop: RM0.185 (-7.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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BursaKakis Channel , [02.12.16 08:55]
[ Photo ]

BursaKakis Channel , [02.12.16 10:08]
Only World Group

Only World group is set to benefit from the increased tourist arrivals with the introduction of eVisa in 2017 for South Asian tourists to Malaysia. With the official opening of Komtar set for 18 Dec, we believe this would be a major rerating catalyst as we expect earnings to benefit substantially from the beginning of 1QFY17. The stock currently trades at a steep 50% discount to its F&B peers and we believe a significant P/E re-rating will be underway upon official opening of Komtar.
- CIMB Research 1/12/2016

BursaKakis Channel , [02.12.16 10:09]
GHL Systems

We like GHL for its dominant position as an independent payment services provider with over 138k points of sale terminals across Asean. We expect GHL to become the largest independent merchant acquirer in Asean under its transaction payment acquisition (TPA) programme. GHL is also a proxy for the Malaysian government’s initiatives to promote cashless payments.
- CIMB Research 1/12/2016

BursaKakis Channel , [02.12.16 10:10]
Kawan Food

The company’s existing operations are already running close to full capacity and the new factory has come at the right time. Kawan’s new factory should start commercial production by year-end, likely tripling the production capacity of its roti paratha and chapati products, which are its main products. The new warehouse is 5-6x the size of its existing warehouse. In addition, the stock is an attractive US$ play as more than 60% of its revenues are transacted in US$.
- CIMB Research 1/12/2016

BursaKakis Channel , [02.12.16 10:12]
Karex Berhad

As an export-orientated counter, we like Karex as a key beneficiary of the weak ringgit as it would benefit from currency gains. The stock would also benefit from the recovering tender market volumes given that NGOs/government orders are set to re-stock due to current minimum inventory holdings.

With the group continuing to grow its own brand manufacturing (OBM) segment aggressively, we believe that this would be earnings accretive in the long run given the OBM products generate better margins. Also, we believe that the stock deserves a scarcity premium as a pure condom manufacturing play.
- CIMB Research 1/12/2016

BursaKakis Channel , [02.12.16 10:14]
Bonia Corporation

We are positive on Bonia on the back of expectations of: i) earnings recovery from the continued closure of its loss-making licensed brands and own brand boutiques; ii) higher contribution from its Indonesian unit – on the back of the full-year contribution from its newly added Braun Buffel boutiques; and iii) continued focus on brand building in Indonesia and Vietnam.
- CIMB Research 1/12/2016

BursaKakis Channel , [02.12.16 10:15]
Sasbadi Holdings

Its direct selling division promoting i-Learn Ace (iLA) should see strong sales once school starts in early Jan. Demand should be strong for iLA as we believe parents will find their children are more productive and efficient, using iLA. Sales momentum for ILA should pick up strongly from Jan-2017 onwards
- CIMB Research 1/12/2016

BursaKakis Channel , [02.12.16 10:18]

http://www.thestar.com.my/business/business-news/2016/12/02/cimb-research-big-cap-top-picks/

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TradetheHotstocks, [02.12.16 07:20]
Market News Roundup

1⃣ BISON is buying a factory in Johor Bahru for RM4.155m that will operate as a sub-distribution centre for its stores in Johor.

2⃣ KPJ has proposed to dispose of its 30% stake or 720k shares in Hospital Penawar SB, for RM2.21m.

3⃣ PERDANA has issued a notification to Nam Cheong International Ltd for the cancellation of the memorandum of agreement to acquire an accommodation work barge.

4⃣ RANHILL subsidiary is teaming up with Indah Water Konsortium SB to undertake a review of the joint billing for water supply and sewerage services in Johor.

Financial Result Highlight

MEDIAC’s net profit fell 32% in 2QFY17, on softer advertising spending amid weak consumer sentiments, which affected all its business segments.

Sources: theedgemarkets.com ; thestar.com

TradetheHotstocks, [02.12.16 07:22]
2nd December,2016 Overnight Markets Roundup

US MARKET
DJIA : 19,191.93 (+68.35)
S&P500 : 2,191.08 (-7.73)
NASDAQ : 5,251.11 (-72.57)
VIX : 14.07 (+0.74)
A sharp decline in technology stocks pulled both Nasdaq and S&P 500 into the red, while the Dow managed to notch a record closing high with a lift from bank and energy shares.

EUROPE/UK MARKET
FTSE : 6,752.93 (-30.86)
DAX : 10,534.05 (-106.25)
CAC 40 : 4,560.61 (-17.73)
Italian shares rose to a 3-week high, outshining weaker European markets, with banks in demand as concerns eased over Sunday’s referendum on Prime Minister Matteo Renzi’s constitutional reform.

CHINA/HK MARKET
SHANGHAI : 3,274.07 (+24.04)
HSI : 22,878.23 (+88.46)
China stocks rose after an official survey showed manufacturing activity expanded at its strongest pace in more than 2 years, while surging oil prices boosted shares of energy companies.

JAPAN MARKET
Nikkei : 18,513.12 (+204.64)
Nikkei ended at its highest since last Dec, led by mining stocks after OPEC agreed to cut crude output, while a weak yen lifted overall sentiment.

M’SIA MARKET
KLCI : 1,626.44 (+7.32)
KLCI gained 0.45% following the agreement by the OPEC to cut oil production, the first reduction in output since 2008.
⬆️493⬇️307↔️296

OIL
WTI : 50.90
Brent : 53.68
Oil prices surged 4%, with Brent crude at its highest in about 16 months, extending gains after OPEC and Russia agreed to restrict output to reduce the global supply glut more quickly.

GOLD
GOLD : 1,173.40
Gold hit its lowest since February, as a surge in oil prices boosted bond yields, denting interest in non-yielding gold as an alternative investment.

FX & BONDS
USD/MYR : 4.4625
EUR/MYR : 4.7564
GBP/MYR : 5.6189
AUD/MYR : 3.3088
HKD/MYR : 0.5753
SGD/MYR : 3.1294
USD/JPY : 114.09
Msia 10 yr Bond Yield : 4.375%
US 10 yr Bond Yield : 2.450%

1/12 BURSA TRADE STAT
Retail (14.3%) – net SELL RM21.7M
Institution (66.7%) – net BUY RM57.9M
Foreign (19.0%) – net SELL RM36.3M
Total traded value RM1.601B
By SARA H’NG/ALAN TAN

Sources: investing.com, cnbc.com, reuters.com, bloomberg.com, barrons.com, klsescreener.com, theedgemarkets.com & thestar.com
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TradetheHotstocks, [02.12.16 07:25]

http://tefd.theedgemarkets.com/2016/TEP/20161202uvk9s4.pdf

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Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS FRIDAY (02/12/2016):

FBMKLCI OIL RECOVERY WILL BE SAVING MALAYSIA

Dear All,

The FBMKLCI closed higher at +7.32 point or +0.45% to close at 1626.44.

FBMKLCI rebounded ! Already mentioned on Wednesday night that Thursday market will rebound and I make my words again ! Looking good factor in this December opening !

DJIA already hang on the sky, floating without strong rain, just hold on this level without fail then we can goreng tetap goreng !

Yesterday definitely a good day for Malaysia because many oil company hit bottom rebound and oil recover will slightly boost our economy.

To cut short, we highly recommend DNEX, HIBISCS, DAYANG, KNM and AFFIN.

Forget what you have loss, gain whatever you can by following:
https://telegram.me/ltachannel !

When the timing is here, you must some how get yourself ready, don’t miss it this Friday ! !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

Views – 114

 

[12/1, 6:29 AM] Rosdi maybank: Reuters- U.S. stocks ended with big gains for November on Wednesday thanks to a sharp post-election rally, but the S&P 500 finished the day flat as drops in utilities and technology offset energy’s surge.

Energy shares jumped with oil prices after OPEC agreed to cut production. U.S. oil prices rose 9.3 percent, while the S&P energy index jumped 4.8 percent.

Bank shares also jumped after comments by Steven Mnuchin, President-elect Donald Trump’s pick for U.S. Treasury secretary, told CNBC that tax reforms and trade pact overhauls would be top priorities of the new administration. Bank of America gained 4.5 percent.

But top dividend payers likes utilities and telecommunications companies, whose stocks tend to fall as interest rates rise, declined as bond yields jumped. The S&P utility index was down 3.2 percent, while shares of AT&T fell 2.2 percent.

“This is related to anticipation that if, indeed, energy prices continue to rally … it’s going to benefit the U.S. energy industry, which is a significant part of our economy,” said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.

“That pressures other high-income plays, because as the economy accelerates there’s a greater possibility the Fed might increase their pace of interest rate hikes,” he said. “It could be a reallocation of capital.”

Investor expectations are high that the Federal Reserve will raise rates at its meeting next month.

For the day, the Dow Jones industrial average was up 1.98 points, or 0.01 percent, to 19,123.58, the S&P 500 lost 5.85 points, or 0.27 percent, to 2,198.81 and the Nasdaq Composite dropped 56.24 points, or 1.05 percent, to 5,323.68.
[12/1, 6:51 AM] Rosdi maybank: investment consultant:
Bursa Malaysia Stocks

Thursday 1/12/2016

Latest Currency exchange is RM4.46

Have faith, be patient then grab the best timing to fight back in rebound play

Finally all quarterly results are released, no matter the results are bad or very bad, everything is already happened, at least overnight result risks are gone, you have tried your best move!

We all know market is bad for few months already, many people disappointed to this market, giving up and cashing out from the market. If you are still in the market, able to withstand this bad sentiment market and ignore bad influences, you have survived, things can’t kill you make you stronger!

Rebound play counters are :

OCNCASH support RM0.38, Resistance RM0.40

PENTA support RM1.1, Resistance RM1.35

PESONA Support RM0.52

Dufu Support RM0.65 Resistance RM0.70

KUB wait for stabilize

Mikromb good result , trading opportunities

O&G : oil price big rebound today, monitor skpetro,hibiscus ,knm and etc.. for short rebound

Thplant wait for stabilize then can go further in medium term play!
[12/1, 11:01 AM] Rosdi maybank: Market News Roundup

1⃣ TSH plans to privatise its 67.46%-owned subsidiary EKOWOOD at 40 sen a share to restructure the loss-making unit.

2⃣ SILK has bagged a RM27.8m contract to provide an anchor handling tug supply vessel to support a high-pressure high-temperature jack-up drilling rig.

3⃣ MWE is jointly developing a mixed development estimated to have a GDV of RM1.5b on nine plots of leasehold land in Bukit Raja, Selangor, with a private developer.

4⃣ KUB & MASTEEL have mutually agreed to terminate their JV agreement for the proposed RM1.23b inter-city rail transit system project in Iskandar Malaysia, Johor.

5⃣ MYEG and its MD Wong Thean Soon have been publicly reprimanded by Bursa Malaysia for breaching listing requirements. The regulator fined Wong RM50k.

6⃣ EVERSENDAI achieved a historic RM2.7b order book as at the end of 3QFY16.

Financial Result Highlight

IRIS registered a net loss of RM21.3m for 2QFY17, compared with a net profit of RM4.8m last year, due to a steep drop in gross profit.

KPJ’s net profit dropped by 15% in 3QFY16 to RM32.5m due to higher depreciation and finance costs from newly opened hospitals.

MRCB recorded a surge in its net profit of over 4x to RM29.39m or (1.49 sen/share) in 3QFY16, due to the RM278.5m gain recorded from disposals of the group’s non-core assets in 2015.

Sources: theedgemarkets.com ; thestar.com
[12/1, 11:06 AM] Rosdi maybank: *M+ Online Morning Buzz – 1Dec16*

*Dow Jones: 19,123.58 pts (+1.98pts, +0.01%)*
Wall Street closed mixed overnight as the Dow rose 0.01% but pared most of its intraday gains, while the S&P 500 fell 0.3%, dragged down by telecommunication and utilities shares.

*FBM KLCI: 1,619.12 pts (-7.81pts, -0.48%)*
Selling pressure from foreign funds amongst selective blue chip stocks sent the FBM KLCI to close at its lowest level in two weeks as the key index tanked 3.2% M.o.M in November. The immediate support level is located around the 1,610 level.

*Crude Palm Oil: RM3,073 (+RM23, +0.75%)*
Crude palm oil prices reversed its intraday losses, tracking the strong gains in crude oil prices. The RM3,100 level will serve as the next resistance level.

*WTI Crude Oil: $49.44 (+$4.10, +9.06%)*
Following the 14 members of OPEC decision to collectively trim their output by 1.2 mln barrels per day, crude oil prices surged to one-month high level. Crude oil prices might trend towards the US$50-US$52 levels.

*Gold: $1,173.20 (-$13.66, -1.15%)*
Gold prices extended its losses, dragged down by the stronger US Dollar coupled with rising expectation of US interest rate hike. The US$1,150 level will serve as the immediate support level.

*Economic Releases:*
CN – China’s Manufacturing PMI – 1Dec16, 9.00AM
EU – Eurozone’s Manufacturing PMI – 1Dec16, 5.00PM
US – US’ ISM Manufacturing PMI – 1Dec16, 11.00PM

*Bursa Malaysia Trade Statistics – 30Nov16*
Institutions: *Net BUY* 490.1 mln (41.0%)
Retail: *Net SELL* 2.5 mln (8.7%)
Foreign: *Net SELL* 487.6 mln (50.3%)

*Potential Momentum Stocks – 1Dec16*
*Stock Name: ECOWLD (8206)*
Entry: Buy above RM1.38
Target: RM1.51 (9.4%), RM1.63 (18.1%)
Stop: RM1.30 (-5.8%)
Shariah: Yes
Technical: Monitor for breakout

*Stock Name: AIRASIA (5099)*
Entry: Buy above RM2.730
Target: RM2.89 (5.9%), RM3.08 (12.8%)
Stop: RM2.62 (-4.0%)
Shariah: No
Technical: Flag-formation breakout

_*Source: Bloomberg, M+ Online*_
[12/1, 11:21 AM] Rosdi maybank: Naza:
Naza sharif Channelist:
TRENDSCHANNEL SOLUTIONS:
counter2 yg mungkin boleh di kaji dan akan terdapat teknikal reboun

1.SHH

2.ioipg

3.mahsing

4,pecca

5.melewar

6.ifcams

kemungkinan akan harga akan jatuh sedikit..tapi dalam jangkaan kesemua nya dalam keadaan low risk. but still ada risk…anyway ini hanya teknikal reboun yg di jangka kan..bukan lah satu buy call…kajian lebih terperinci perlu di lakukan terlebih dahulu…wallahualam..semua nya adalah dengan izin ALLAH yang maha mengetahui.

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

Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS THURSDAY (01/12/2016):

FBMKLCI THE RISE OF DECEMBER REVENGE

Dear All,

The FBMKLCI closed lower at -7.81 point or -0.48% to close at 1619.12.

FBMKLCI panic sell down at last day of November but it doesn’t matter cause we expect a bullish rebound revenge in coming December.

DJIA is inside the feel good factor after TRUMP win the Precidency. Am not much worry as long as big sell down.

Talk back to our market, yesterday we get aggressively catching rebound for PESONA, SENDAI, FGV and few other which see strong move and we not like other used to shy away when market is bad. We just waiting best timing to Meletup !

Looking at oil price rebound on possible good news from OPEC, we are already in some position for oil stock ! Oil stock that will move, not those lose making oil stock !

Take what you loss this November back, by follow us closely:

https://telegram.me/ltachannel !

A Compromise is an agreement whereby both parties get what neither of them wanted this Thursday ! !

“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis

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

BursaKakis Channel :
BKs will not be issuing any Technical Ideas for the time being due to the bearish trend of the market. Foreign Funds are selling non-stop and ringgit could weaken further. It’s better to reserve some cash for bargain hunting when the time is right – BKs

Iris, TSH Resources, Affin, BIMB, KPJ, APM, Silk, MWE, KUB, Malaysia Steel Works, My EG, Karyon, Media Chinese International, Eversendai, Cahya Mata, MRCB and UEM Sunrise | The Edge Markets

http://www.theedgemarkets.com/en/article/iris-tsh-resources-affin-bimb-kpj-apm-silk-mwe-kub-malaysia-steel-works-my-eg-karyon-media

M+ Online Morning Buzz – 1Dec16

Dow Jones: 19,123.58 pts (+1.98pts, +0.01%)
Wall Street closed mixed overnight as the Dow rose 0.01% but pared most of its intraday gains, while the S&P 500 fell 0.3%, dragged down by telecommunication and utilities shares.

FBM KLCI: 1,619.12 pts (-7.81pts, -0.48%)
Selling pressure from foreign funds amongst selective blue chip stocks sent the FBM KLCI to close at its lowest level in two weeks as the key index tanked 3.2% M.o.M in November. The immediate support level is located around the 1,610 level.

Crude Palm Oil: RM3,073 (+RM23, +0.75%)
Crude palm oil prices reversed its intraday losses, tracking the strong gains in crude oil prices. The RM3,100 level will serve as the next resistance level.

WTI Crude Oil: $49.44 (+$4.10, +9.06%)
Following the 14 members of OPEC decision to collectively trim their output by 1.2 mln barrels per day, crude oil prices surged to one-month high level. Crude oil prices might trend towards the US$50-US$52 levels.

Gold: $1,173.20 (-$13.66, -1.15%)
Gold prices extended its losses, dragged down by the stronger US Dollar coupled with rising expectation of US interest rate hike. The US$1,150 level will serve as the immediate support level.

Economic Releases:
CN – China’s Manufacturing PMI – 1Dec16, 9.00AM
EU – Eurozone’s Manufacturing PMI – 1Dec16, 5.00PM
US – US’ ISM Manufacturing PMI – 1Dec16, 11.00PM

Bursa Malaysia Trade Statistics – 30Nov16
Institutions: Net BUY 490.1 mln (41.0%)
Retail: Net SELL 2.5 mln (8.7%)
Foreign: Net SELL 487.6 mln (50.3%)

Potential Momentum Stocks – 1Dec16
Stock Name: ECOWLD (8206)
Entry: Buy above RM1.38
Target: RM1.51 (9.4%), RM1.63 (18.1%)
Stop: RM1.30 (-5.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: AIRASIA (5099)
Entry: Buy above RM2.73
Target: RM2.89 (5.9%), RM3.08 (12.8%)
Stop: RM2.62 (-4.0%)
Shariah: No
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

Uob Kay Hian Daily Top Pick, 1 Dec 2016

Btm, 7188
Close, 0.23
Buy TP, 0.275, 0.305
Support, 0.20
SL, 0.195

Time Frame, 2 Weeks to 2 Months

Yongtai, 7066
Close, 1.22
Buy, TP, 1.34, 1.42
Support, 1.15
SL, 1.14
Time frame 2 weeks to 2 months

Amprop, 1007
Close, 0.80
Breakout, 0.805
Buy TP, 0.88, 0.945
Support, 0.75
SL, 0.745
Time frame, 2 weeks to 2 months

Thanks

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

TradetheHotstocks:
Market News Roundup

1⃣ TSH plans to privatise its 67.46%-owned subsidiary EKOWOOD at 40 sen a share to restructure the loss-making unit.

2⃣ SILK has bagged a RM27.8m contract to provide an anchor handling tug supply vessel to support a high-pressure high-temperature jack-up drilling rig.

3⃣ MWE is jointly developing a mixed development estimated to have a GDV of RM1.5b on nine plots of leasehold land in Bukit Raja, Selangor, with a private developer.

4⃣ KUB & MASTEEL have mutually agreed to terminate their JV agreement for the proposed RM1.23b inter-city rail transit system project in Iskandar Malaysia, Johor.

5⃣ MYEG and its MD Wong Thean Soon have been publicly reprimanded by Bursa Malaysia for breaching listing requirements. The regulator fined Wong RM50k.

6⃣ EVERSENDAI achieved a historic RM2.7b order book as at the end of 3QFY16.

Financial Result Highlight

IRIS registered a net loss of RM21.3m for 2QFY17, compared with a net profit of RM4.8m last year, due to a steep drop in gross profit.

KPJ’s net profit dropped by 15% in 3QFY16 to RM32.5m due to higher depreciation and finance costs from newly opened hospitals.

MRCB recorded a surge in its net profit of over 4x to RM29.39m or (1.49 sen/share) in 3QFY16, due to the RM278.5m gain recorded from disposals of the group’s non-core assets in 2015.

Sources: theedgemarkets.com ; thestar.com

1st December,2016 Overnight Markets Roundup

US MARKET
DJIA : 19,123.58 (+1.98)
S&P500 : 2,198.81 (-5.85)
NASDAQ : 5,323.68 (-56.24)
VIX : 13.33 (+0.43)
US stocks ended with big gains for Nov thanks to a sharp post-election rally, but the S&P 500 finished the day flat as drops in utilities and technology offset energy’s surge.

EUROPE/UK MARKET
FTSE : 6,783.79 (+11.79)
DAX : 10,640.30 (+19.81)
CAC 40 : 4,578.34 (+26.88)
European shares hit a 3-week high, with energy stocks racing higher as oil prices jumped after a deal to curb global oversupply.

CHINA/HK MARKET
SHANGHAI : 3,250.59 (-32.34)
HSI : 22,789.77 (+52.70)
China’s blue-chip stock index slid, as raw material stocks tanked after commodity prices were hit by fears of a liquidity squeeze.
HK stocks followed Wall Street higher but gains were limited as investors were reluctant to buy shares ahead of an OPEC meeting and Italy’s referendum result.

JAPAN MARKET
Nikkei : 18,308.48 (+1.44)
Japanese stocks ended nearly flat as most investors stayed on the sidelines ahead of an OPEC meeting later in the day to decide on production cuts and a crucial weekend referendum in Italy.

M’SIA MARKET
KLCI : 1,619.12 (-7.81)
KLCI declined 0.48% as late selling of PetDag & PetGas shares led to a sudden drop in KLCI. The Petronas-linked shares fell as the OPEC deliberate over a potential output cut.
⬆276⬇526↔315

OIL
WTI : 49.01
Brent : 51.48
Oil soared >10% to over $50 a barrel as some of the world’s largest producers agreed to curb production for the first time since 2008 in a bid to support prices.

GOLD
GOLD : 1,174.50
Gold slipped, as strong US economic data buoyed the dollar and further cemented the case for hiking rates in Dec.

FX & BONDS
USD/MYR : 4.4700
EUR/MYR : 4.7357
GBP/MYR : 5.5910
AUD/MYR : 3.3011
HKD/MYR : 0.5763
SGD/MYR : 3.1187
USD/JPY : 114.45
Msia 10 yr Bond Yield : 4.424%
US 10 yr Bond Yield : 2.390%

30/11 BURSA TRADE STAT
Retail (8.7%) – net SELL RM2.50M
Institution (41.0%) – net BUY RM490.05M
Foreign (50.3%) – net SELL RM487.55M
Total traded value RM3.233B
By SARA H’NG/ALAN TAN

Sources: investing.com, cnbc.com, reuters.com, bloomberg.com, barrons.com, klsescreener.com, theedgemarkets.com & thestar.com

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

The Bursa Analyst Channel:
1 December 2016 ( THURSDAY):

HOHOHO ! IT IS CHRISTMAS MONTH !! Early X-mas present: Oil and Gas counters !

With OPEC’s Deal going through, I can confirm, Our market will recover, and oil and gas stocks will Rally !

“VIENNA (Reuters) – The Organization of the Petroleum Exporting Countries has agreed its first oil output cuts since 2008, an OPEC source told Reuters on Wednesday.
The source said the agreement was in line with an accord reached in Algiers in September. OPEC member Algeria was proposing to set a new production ceiling at 32.5 million barrels per day, down from current levels of 33.6 million.” (Investing.com, 2016)

OF course, many think that u take a stone and throw at any Oil and Gas Counter, it will go up BUT NO ! you have to pick good FA counters too !

My Favourite few Oil and Gas Counters are (in descending order – Most LOVE to Least LOVE):

1. HIBISCS
2.SKPETROL
3.DNEX
4.WASEONG
5.COASTAL
6.DIALOG
7.DESTINI & THHEAVY ( can look see look see) but trade cautiously
8.PERISAI is forever a SAI COMPANY, SAI means SHIT. DON’T EVER TOUCH THIS COMPANY

LET THE MONEY FLOW THIS THURSDAY !
Follow The Bursa Analyst Channel for potential stockpicks and daily update.

https://telegram.me/TBAChannel

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