Corporate News Roundup

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

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

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

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

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

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

Financial Result Highlight

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

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

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

Sources: theedgemarkets.com ; thestar.com

++++++++++

The Trusted Bursa Analyst:
Friday, 30 September 2016

Dear Traders,

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

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

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

DJIA closed higher at 18,325. BULL!

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

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

Todays stock to watch are :

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

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

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

https://telegram.me/TTrustedBA

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

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

FBMKLCI A BETTER OCTOBER ?

Dear All,

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

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

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

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

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

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

Friday and Happy Holiday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

+++++++++

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

+++++++++

 

Views – 95

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Post Navigation