Market News Roundup

1⃣ Top Glove is targeting to grow its sales volume by 10% per year. It expects the growth to be driven by its capacity expansion, which is in the pipeline.

2⃣ Pasdec has proposed to reduce halve of the par value, rights issue to raise up to RM34.32m and also intends to buy office units worth a combined RM40m, via issuance of new shares.

3⃣ SDred is disposing of 16 pieces of freehold land in Damansara Heights, KL, which collectively measures 15,751 sq m, for RM71m cash.

4⃣ HTPadu has accepted a purchase order worth RM14.86m from Prudential Services Asia SB for disaster recovery services and office rental services.

5⃣ TGOFFS plans to acquire RM9.8m freehold single-storey detached factory in Hulu Langat, Selangor, to save on rental and improve its corporate image.

6⃣ DBE has proposed to undertake a bonus issue of up to 2.34b free warrants to reward its existing shareholders.

7⃣ DBhd will develop the 1Malaysia Civil Servants Housing (PPA1M) project in Putrajaya. The project has a GDV of RM467.3m.

Financial Result Highlight

Pantech saw its net profit plunge 51% to RM5.14m (0.84 sen/share) for 2QFY17, due to weak demand in O&G sector, while competition had pressured margins.

Sources: theedgemarkets.com ; thestar.com

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TraderL:
STOCK TO WATCH ❤( 19/10/16, Wednesday)
1.) ENGTEX / KUB
2.) JTIASA / KIMLUN
3.) RCECAP / SALUTE
4.) EKOVEST /S CGM
5.) PENTA / SAMCHEM

-> This should not be used as decision to solicit buy or sell activity, please do consult your licensed investment advisor.

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The Trusted Bursa Analyst:
Wednesday 19/10/2016:

Today we see a lot of Steel counters such as ( CSCSteel, Prestar, Chuan, Engtex ), Technology Sector (KESM , SALUTE, MYEG, HLIND ), Plantation ( SIME, IJMPLANT, FGV ) and Construction Sector ( Gadang, Suncon, IJM, Ekovest, PRARAS) MOVED STRONGLY.

We should focus on these as these are most likely included in Budget 2017. While the Foreign Fund is here we should Hoot their money !

Stocks to watch are:

IREKA: Entry 0.68-.69 ,Support 0.65, TP 0.725

Sedania : Entry 0.24-0.245 Support 0.23, TP 0.265

KUB : Entry 0.41-0.415 Support 0.395, TP 0.445
Follow Your Trusted Bursa Analyst Channel for stockpicks and daily update.

https://telegram.me/TTrustedBA

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Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS WEDNESDAY (19/10/2016):

FBMKLCI STAGE A STRONG REBOUND AGAIN

Dear All,

The FBMKLCI closed higher at +13.86 point or +0.84% to close at 1667.57.

FBMKLCI stage a strong rebound again turn the downtrend back to sideways movement. Amazingly our market become stronger however remain full of doubt. We will see after BUDGET 2017 this Friday how the market move.

DJIA also rebound from low of near 18000 but remain a sideways movement that still need to becareful. Anyway if DJIA close positively, definitely our market will get exicted.

Stock we see further up are like: AAX, AIRASIA, TUNEPRO, LIIHEN, IQGROUP !

The market is full of swing, if have time monitor still got some opportunity around!

Follow us closely !
https://telegram.me/ltachannel !

You will never reach your destination if you stop and throw stones at every dog that barks this Wednesday ! !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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Reuters-Wall Street advanced on Tuesday to give the S&P 500 its best day this month on the heels of solid earnings reports from names such as UnitedHealth and Netflix that put corporate profits on track to snap a four-quarter streak of declines.

Of the 52 S&P 500 companies that have reported results to date for the third quarter, 81 percent have reported earnings that topped average analyst estimates, according to Thomson Reuters I/B/E/S.

Third-quarter earnings are now expected to show growth of 0.2 percent, which would mark an end to the U.S. profit recession that began in the third quarter of 2015.

If the quarter stays on track, it will be the first time since the fourth-quarter of 2014 in which both earnings and revenue of S&P 500 companies increased.

“We had some decent earnings results,” said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.

“Given companies’ track record of beating expectations, investors believe this will be the first quarter in five where we have positive earnings growth.”

The Dow Jones industrial average .DJI rose 75.54 points, or 0.42 percent, to 18,161.94, the S&P 500 .SPX gained 13.1 points, or 0.62 percent, to 2,139.6 and the Nasdaq Composite .IXIC added 44.01 points, or 0.85 percent, to 5,243.84.

Gains were broad, with each of the 11 major S&P sectors in positive territory, led by a 1.1 percent gain in healthcare .SPXHC, boosted by a UnitedHealth’s (UNH.N) 6.9 percent jump after quarterly results and forecast.

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KLSE StockAlliance:
19/10/2016 Stock Picks
1. MFCB / AFG / ENGTEX
2. FFHB / IREKA / GLOMAC
3. Follow our channel closely during trading hours

Stock Alliance
The information contained in this channel is for general information purposes only. Any reliance you place on such information is therefore strictly at your own risk.
We hope to bring profit to everyone as we did in today.

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Dear RHB Value Client,
Potential stock to buy today:
Date/日期 : 19/10/2016

1. OWG (5260)
Price/现价           : 2.36
Target price/目标价: 2.50/2.75
Cut loss/止损价    : 2.11
** Non syariah
Sector/领域: Trading/Services

2. EKOVEST (8877)
Price/现价           : 2.12
Taret price/目标价: 2.38
Cut loss/止损价   : 1.90
** syariah
Sector/领域: Construction

3. AAX (5238)
Price/现价           : 0.41
Target price/目标价: 0.48
Cut loss/止损价    : 0.375
** Non syariah
Sector/领域: Trading/Service

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