+

Naza:
Impact of President Trump on Malaysia (from i3)
1) America is raising a Barrier from the Onslaught of Globalization! From now America’s doors are shut to unfair competition – “real or perceived”. Trump has promised to raise tarif against Chinese imports. He has also promised to scrap TPP – this will hit both Vietnam & Malaysia.

2) In coming days the electrical & electronic exporting companies from Malaysia to the US will be hit. How? Will US raise tariff on Malaysian Imports like they promised to do to China?

3) Although Obama has been to Maslaysia to spearhead the setup of TPP – urged on by AmCham (American Chambers of Commerce). This is to contain the Expansion of China’s power in the Far East. Trump has no interest to contain China. Uppermost in his mind is the well being of US Workers first & foremost.

So TPP is now a foregone conclusion. It’s off & over now. What then? There will be an incentive for US Companies to uproot & relocate back to American soil. To provide necessary jobs that can make America a great nation once more.

For this reason Trump will also reduce tax to 10% from 35% for all Funds repatriated back to the USA kept abroad due to high taxes. This will be in the Trillions! And these Funds will go into all necessary infrarstructure works like new roads, bridges that are crumbling that need replacing, highways, Mrt, airport, seaport & there will be lots of jobs for millions of Americans.

4) Ha! Trump has a brilliant idea for USA. What about its impact on China, Malaysia & others?

Prepare to accept slower growth. Exports will cascade downward. So all export stocks will be hit hard. Any exceptions?

Yes, of course. Rubber gloves, palm oil & other manufactures that USA cannot produce effectively will still be exported.

 

5) What other impacts?

As export to USA decelerates will China take up the slack? You better don’t bank on it as China itself will face 30% to 40% trade tariff! So there is no escape. Now is the time to shift your strategy with the shifting of a new paradigm framework.

 

MALAYSIA WILL HAVE TO DO MORE PUMP PRIMING. IF EXTERNAL DEMAND SLACKENS GOVT SHOULD STEP IN TO STIMULATE INTERNAL DEMAND.

SO MALAYSIA SHOULD ACCELERATE MORE INFRAR WORKS, MORE INTERNAL EXPANSION THAT PROVIDE JOBS AND GROWTH.

THAT’S WHY CALVIN HAS PREPARED WELL AHEAD TO

1) BUY INTO GLC LINKED STOCKS.

2) UTILITIES THAT ARE RECESSION PROOF

3) CYCLICAL PALM OIL DUE TO THE EL NINO PHENOMENON.

BursaKakis Channel :
M+ Online Morning Buzz – 10Nov16

Dow Jones: 18,589.69 pts (+256.95pts, +1.40%)
U.S. equities trended on a positive tone after Donald Trump, the 45th President of the United States delivered his acceptance speech. The Dow’s upside will be set around 18,700.

FBM KLCI: 1,647.62 pts (-16.20pts, -0.97%)
Tracking the positive sentiments on the overseas markets, bargain hunting activities may emerge on the FBM KLCI. Resistance will be pegged around the 1,660 level.

Crude Palm Oil: RM2,845 (+RM2, +0.07%)
Crude palm oil rose marginally higher amid weaker sentiments in the broader markets. CPO may trend higher towards the RM2,900 level as the technicals are still positive.

WTI Crude Oil: $45.27 (+$0.29, +0.65%)
Crude oil rebounded of the support of US$43 as traders anticipate that Donald Trump may pursue business-friendly policies. Upside potential may be seen around US$48.

Gold: $1,277.98 (+$2.30, +0.18%)
Gold prices reversed from an intra-day high of US$1,337.38 and ended below the US$1,300 psychological level as traders turned bullish on equities amid Trump’s victory.

Economic Releases:
US – US Initial Jobless Claims – 10Nov16, 9:30PM

Bursa Malaysia Trade Statistics – 9Nov16
Institutions: Net BUY 129.0 mln (66.8%)
Retail: Net BUY 20.3 mln (19.5%)
Foreign: Net SELL 149.3 mln (13.7%)

Potential Momentum Stocks – 10Nov16
Stock Name: DNONCE (7114)
Entry: Buy above RM0.30
Target: RM0.33 (10.0%), RM0.355 (18.3%)
Stop: RM0.28 (-6.7%)
Shariah: No
Technical: Flag formation breakout

Stock Name: OPENSYS (0040)
Entry: Buy above RM0.385
Target: RM0.41 (6.5%), RM0.45 (16.9%)
Stop: RM0.37 (-3.9%)
Shariah: Yes
Technical: Rebounded off RM0.365

Source: Bloomberg, M+ Online

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Uob Kay Hian Daily Top Pick, 10 Nov 2016

Anzo, 9342
Close, 0.21
Buy TP, 0.28, 0.295
Breakout, 0.23
Support, 0.19
SL, 0.185

Time Frame, 2 Weeks to 2 Months

Mulpha, 3905
Close, 0.21
Breakout, 0.22
Buy, TP, 0.245, 0.26
Support, 0.195
SL, 0.19
Time frame 2 weeks to 1 months

Affin, 5185
Close, 2.20
Breakout, 2.22
Buy TP, 2.34, 2.44
Support, 2.11
SL, 2.09
Time frame, 2 weeks to 3 months

Thanks

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Reuters-U.S. stocks rose sharply on Wednesday in a dramatic turnaround from deep overnight losses as Wall Street embraced the upset presidential election victory of Republican Donald Trump.

After warning for months that a Trump White House would create uncertainty and damage sentiment, investors poured money into sectors that may benefit from the former reality TV show star’s victory.

That was a steep reversal from the previous night, when financial markets reacted violently as Democrat Hillary Clinton’s path to victory disintegrated and S&P futures ESc1 dropped 5 percent before a trading limit kicked in.

“The stock market is acting like a teenager. It makes a lot of demands but it doesn’t know what it wants,” said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.

Gains of over 3 percent each in the heavily weighted healthcare .SPXHC and financial .SPSY sectors pushed the Dow Jones industrial average up over 1 percent. The Dow was just shy of its record high.

The real estate sector .SPLRCR fell 2.28 percent and utilities .SPLRCU lost 3.68 percent. Both sectors are proxies for bonds, which also fell.

“Anything that Trump mentioned during the campaign, any industry he has mentioned, favorably or unfavorably, is moving today big-time,” said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.

A curb on drug pricing was a key campaign theme for Clinton, while Trump has called for repealing the Affordable Care Act and loosening restrictions on banks enacted after the financial crisis.

The Dow Jones industrial average .DJI jumped 1.4 percent to end at 18,589.69, just 0.25 percent below its all-time high set in August. The S&P 500 .SPX surged 1.11 percent to 2,163.26 and the Nasdaq Composite .IXIC added 1.11 percent to end at 5,251.07.
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Source:The Edge Market Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has awarded two work packages worth a combined RM1.58 billion for the construction of the MRT Sungai Buloh-Serdang-Putrajaya Line (MRT2) to WCT Holdings Bhd and MTD Construction Sdn Bhd.

WCT edged out five other contenders for the RM896.41 million V204 work package, which involves the construction of a viaduct guideway and other associated works from Bandar Malaysia’s south portal to Kampung Muhibbah in Kuala Lumpur.

MRT Corp said the tender for V204 work package, which is in the open category, commenced on June 2 and closed on Aug 16.

Meanwhile, MTD Construction edged out two other bidders to snag the RM678.68 million V208 work package. The contract involves the construction of a viaduct guideway and other associated works from Taman Pinggiran Putra to Persiaran Alpina here.

“The tender for V208 work package was an open tender for bumiputera companies, which commenced on June 28 and closed on Sept 6,” it added.

IOI Properties Group Bhd submitted a S$2.57 billion (about RM7.7 billion) bid for a 1.09ha tract in Singapore’s Central Boulevard.

In a bourse filing, IOI Properties said it submitted the leasehold tract bid to the Urban Redevelopment Authority, which is acting as agent on behalf of the Singapore Government.

IOI Properties, which is bidding for the land via 100%-owned subsidiary Wealthy Link Pte Ltd, said the decision on the award of the tender will be made after all bids have been evaluated, and the company will make the relevant announcements once such decision has been made.

RHB Bank Bhd had introduced the Mobile Merchant Point of Sale (MPOS) wireless device, which offers small and medium enterprises (SMEs) fast, simple and seamless connectivity to the e-retail ecosystem.

The MPOS is integrated into the cloud-based Electronic Point of Sale (ePOS) system to enable fast and convenient payment collection. The device accepts all kinds of card transactions too.

The introduction of the MPOS is part of the banking institution’s SME e-Retail solution which offers retailers total technology and banking solutions aimed at improving SME businesses.

RHB’s group business and transaction banking director Datin Amy Ooi said RHB is the first financial institution in Malaysia to offer a total connectivity solution for SMEs. The SME e-Retail Solutions offers SMEs a holistic solution for seamless connectivity, therefore achieving cost reduction and greater efficiency in their businesses.

Protasco Bhd will be launching RM600 million in gross development value (GDV) of affordable homes at its De Centrum City township in Kajang by the second quarter of 2017 as the group capitalises on the strong demand for affordable homes amid subdued Malaysian property market.

Protasco executive vice chairman and managing director Datuk Seri Chong Ket Pen said the local property industry is still facing a challenging time amid various cooling measures imposed.

The dampened market has impacted its Rimbawan project at De Centrum, which offers middle to upmarket units priced between RM800,000 and RM1.5 million.

The group is aiming to launch the affordable housing portion in two phases, with each phase valued at RM300 million, on an eight-acre piece of land within the De Centrum township.

Meanwhile, the RM350 million GDV Rimbawan development will go on, said Chong, adding that construction works will only commence when bookings reach 40%. Currently, bookings stand at around 30%.

The group had already pushed back the launch of the development, which was supposed to be in June this year. Protasco now aims to launch the project before end-2016.

Property developer SP Setia Bhd has won the tender to purchase a 1,675-acre piece of land at Seberang Perai Utara, Penang, for RM620 million.

SP Setia said it plans to develop the land into an eco-themed mixed development township that has a potential gross development value of RM9.6 billion, spanning over 15 to 20 years.

It added that it had been notified by WTW Real Estate Sdn Bhd of its successful tender bid for the freehold land. The land tender was made through its subsidiary, Setia Recreation Sdn Bhd.

The land represents SP Setia’s maiden entry into mainland Penang and is located within the Butterworth-Sungai Petani growth corridor, with good accessibility from North-South Highway via Bertam Interchange. The land is about 18km from Butterworth and 32km from Penang Bridge.

StemLife Bhd’s net profit for the first financial quarter ended Sept 30, 2016 (1QFY17), slipped 26.8% to RM1.04 million from RM1.42 million a year earlier, mainly due to extraordinary gains from reversal of over-provision in prior year’s tax and settlement of legal suit.

Revenue, however, rose 24.9% to RM5.93 million from RM4.75 million in 1QFY16, the group said in a filing to Bursa Malaysia.

StemLife attributed the increase in revenue to three factors: enhanced umbilical cord blood stem cells and umbilical cord lining (UCL) contracts accounted under a new revenue recognition method, higher deliveries in UCL as well as contributions from new Wharton Jelly banking service launched in March this year.

The cell banking and therapeutics group said that the cost of sales increased by 34% mainly due to higher deliveries, insurance costs for the benefits provided to our customers and higher staff costs.

Perisai Petroleum Teknologi Bhd said two lawsuits for a total of US$278,114 (about RM1.18 million) has been filed against its 51%-owned subsidiary SJR Marine (L) Ltd by its joint venture (JV) partner.

The partner, Emas Offshore (M) Sdn Bhd, owns the remaining 49% stake in SJR Marine.

In the first suit, Emas Offshore’s wholly-owned unit Emas Offshore Construction and Production Pte Ltd is seeking US$131,189 for project management services the outfit allegedly provided for the benefit of SJR Marine.

In the second suit, Emas Offshore claims it is owed some US$146,925 for charter-party agreements between the company and SJR Marine.

According to earlier reports, SJR Marine had in October defaulted on its financing facility of US$20.5 million owed to OCBC Al-Amin Bank Bhd.

On Sept 30, Perisai had with Emas Offshore received an indicative offer of financing from a financial institution whereby part of it amounting to US$20 million was earmarked for its PN17 note repayment.

Boustead Heavy Industries Corp Bhd (BHIC) registered its second consecutive profitable quarter, arising from the group’s ongoing transformation initiative to tighten operational efficiencies coupled with a strong focus on its core businesses and competencies.

Its net profit almost quadrupled to RM14.88 million or 5.99 sen a share in the third quarter ended Sept 30, 2016 (3QFY16), from RM3.94 million or 1.59 sen a share a year ago.

BHIC executive deputy chairman and managing director Tan Sri Ahmad Ramli Mohd Nor said the group’s performance for 3QFY16 is in line with its expectation of positive results amid a challenging operating environment.

BHIC’s revenue grew 11.1% to RM64.31 million in 3QFY16 from RM57.88 million in 3QFY15.

For the cumulative nine months (9MFY16), BHIC’s net profit, however, slipped marginally by 2% to RM21.1 million compared with RM21.52 million in 9MFY15, while revenue was almost flat at RM197.05 million from RM196.43 million.

BHIC said the heavy engineering segment contributed positively to the group mainly via defence-related maintenance, repair and overhaul projects. The JV companies involved in the submarine project, as well as supply and delivery of guns also posted improved profits in 3QFY16.

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William Tan:
Google translate.

“Trump after the social impact of victory”
1) Trump will be in the White House. US Republican candidate Trump first to get 270 votes +, will soon become the 45th president of the United States.

2) Risky assets are under pressure. Trump on behalf of a new policy advocate, will give the global economy a huge uncertainty in the capital market short-term risk aversion pick-up, adverse to risky assets, and gold, bonds and cash and other hedge assets will be short-term favored.

3) US economic growth potential increases. Trump advocates a very positive fiscal policy, plans to use part of the tax to support infrastructure projects, the scale of up to about 500 billion US dollars; put forward since the Reagan administration’s largest tax cuts, estimated next 10 years, close to 10 trillion; The long-term growth of the US economy is favorable.

4) The rate hike is difficult to determine. Trump on the attitude of monetary policy is more contradictory: on the one hand, criticized the low interest rates to breed the financial bubble; on the other hand, low interest rate financing environment will help to expand financial expenditure. While the Fed’s position is independent of the US government, so raising interest rates is difficult to determine whether the delay.

5) China’s geo-environmental improvement. Trump advocated isolationism, proposed to reduce intervention in the Middle East, reduce military spending overseas, Japan and South Korea to pay US troops to pay costs, etc., or will make China’s geopolitical pressure to ease around.

6) China’s exports and exchange rate depreciation blocked. Trump advocates protectionism, strongly opposed TPP and NAFTA, proposed to China and Mexico impose high tariffs on China’s exports adversely affected. But Trump will lead to early stage rise in the dollar index fell, the RMB devaluation pressure short-term relief.

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BURSAMASTER:
I expect market volatility in a week or 2. Now time for investment purchase of fundsmental counters & definitely a BIG NO for contras.

My choice investment counters are still PMETAL. ..INARI………VS…………GKENT…SAMCHEM….DRBHICOM. …CANONE.. HEVEA…..TEGUAN….etc

Tread with caution by averaging downwards on your investment considerations.

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BursaKakis Channel :
BKs Technical Ideas 10/11/2016

NIL

Watch good FA Stocks that have been beaten down due to the US Presidential Election.

1) Prlexus-Wa
2) Gtronic
3) Penta
4) Owg

Our Telegram Link: telegram.me/bursakakis

Our Facebook Link : https://www.facebook.com/groups/192414771167397/

DISCLAIMER: The comments here are for sharing and learning purposes and do not represent a recommendation to buy or sell. Kindly consult your remisiers or dealers before you take any action. Thank you.

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CIMB Trading Ideas 10/11/2016

1) Solutions
2) TAGB

Kindly refer to charts posted in BKs Channel.

Our Link : telegram.me/bursakakis

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The Bursa Analyst Channel:
Thursday 10 November:

After a bloodbath throughout the whole world, due to OVEREACTION, lets welcome America’s new president – MR DONALD TRUMP has trumped ALL OVER THE WORLD ! anyway, its time to celebrate SALES ! ! ! and AMERICA TO BE GREAT AGAIN !!

The USD took a big leap against our MYR !

Although it might be a RED SEA however opportunities will always be there ! We focus onto trump related stocks as well as export stock! Also can look at some GLC as well because after US election our MALAYSIA ELECTION THEME will come in play SOON ! !

STOCKS TO FOCUS:

GLC:
DRBHCOM- Is at oversold region, rebound play, This is good for FIFO! Enter at Open! I see can reach to RM1.24.
POS- Anything below 3.97 can catch ! Will go back to 4.10

TRUMP STOCK:
TA- Today is the first big candle. One more big candle coming after market found out this is Trump Related Stock. And Technically, it has already broken out from downtrend. Entry 0.485, Tp: 0.51 , CL: 0.47.
TAGB: Same like TA, both are related and both related to Trump. Entry point : 0.25 – 0.255. Tp: 0. 0.29, CL: 0.235

Export Counters:
MIECO, INARI, JAYCORP, PRLEXUS, PENTA

LET LOSERS SWIM IN RED SEA, OPPORTUNIST SEE EVERY SILVER LINING IN EVERY DARK CLOUD !!! don’t let this opportunity run away !

Follow The Bursa Analyst Channel for potential stockpicks and daily update.

https://telegram.me/TBAChannel

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Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS THURSDAY (10/11/2016):

FBMKLCI THE TRUMP WIN !

Dear All,

The FBMKLCI closed little up at -16.20 point or -0.97% to close at 1647.62.

FBMKLCI yesterday big swing down after Trump win the election. However strongly supported at around 1640, if break then will down further, or else potentially rebound again.

DJIA future yesterday show a dramatic move like BREXIT, due to many people expecting Hillary Clinton win. Instead, Trump big win and leading all the way. A strong rebound very quick happen, which mean those spread lies if vote Trump will fall is a false statement.

Personally use to think Trump policy for reduce corporate tax is a good move to push company to do better and market to go higher. Hopefully this will come true and make our market do even better.

Again no matter who win, The dust has been clear, and the Air is clean now. I hope DJIA can support above 18000 without any waterfall scene, then we shall able to goreng well for our stock.

Today we must highly focus on stock below:
EKOVEST, WCT, PESONA, AAX, AIRASIA and many more that oversold.

Welcome to our channel :
https://telegram.me/ltachannel !

Now Everyone can have Big Dream without experience this Thursday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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