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

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

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

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

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

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

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

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

FBMKLCI COLLECTION FOR OCTOBER RALLY ? OR

Dear All,

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

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

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

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

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

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

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

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis
———————————–

Tj:
For 26  September .. Monday ..
iigg 6 daily stocks to watch

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

And 2 abang adik talk of the town

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

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

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

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

Dear Traders,

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

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

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

Stocks to watch are:

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

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

Stocks follow up :

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

Don’t let Monday Blues beat you until BLUE Black ! Be Courage and do not FEAR !
—————————————-

Dzulhilman M+ WM PR Traders:
Salam and Morning All

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

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

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

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

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

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

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

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

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

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

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

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

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

Financial Result Highlight

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

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

Sources: theedgemarkets.com ; thestar.com

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UOBKH Retail Market Monitor 26 September 2016

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

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

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

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

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

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

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

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

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

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

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

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

Source: RHB Research Institute

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Politically linked stock list :

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

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

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