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

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

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

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

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

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

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

Stocks to watch this week:

Silkholding Entry 0.39, support at 0.37

Presbhd: Entry 2.23-2.25 support at 2.19

OWG: Entry 2.24-2.26 support at 2.2

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

VERSATL: Entry at 1.22 support is at 1.19

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

CCK: Entry at support of 0.615

Homeriz: Entry 0.93 support 0.915

DKSH: entry at 6.47 support at 6.3

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

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

https://telegram.me/TTrustedBA

+++++++++++

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

++++++++++
[17/10 09:10] Rosdi maybank: *♦RHBIB

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

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

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

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

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

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