Maybank Kim Eng Daily Kopi (15 November 2016)
Dow 18923.06 0.29%
S&P 2180.39 0.75%
Nasdaq 5275.622 1.10%
VIX 13.4 -7.46%
Nikkei 17668.15 -0.03%
KOSPI 1967.53 -0.35%
SSE 3206.99 -0.11%
TWSE 8931.03 -0.10%
HSI 22323.91 0.46%
STI 2797.55 0.37%
KLCI 1630.56 0.86%
USD/MYR 4.3403 -0.23%
EUR/MYR 4.6851 -0.79%
GBP/MYR 5.3967 0.07%
AUD/MYR 3.2794 -0.48%
SGD/MYR 3.0733 -0.55%
JPY/MYR 3.9746 0.49%

(+/- chg refers to MYR relative perf)

Top U.S.Market News:
o US markets close higher, Dow notches 7-day win streak as energy surges more than 2.5%
o Stocks started the day off badly, but bounced back as USDJPY and Oil soared. Volume was lighter as the post-election reflation trade shows signs of slowing.
o The divergence between Nasdaq and Dow began to close. Dow closes at record high for fourth straight session and Nasdaq jumps 1.1%
o Nasdaq Comp outperformed, as Apple and the FANG stocks (Facebook, Amazon, Netflix and Google) all rose. Technology stocks have taken a hit since the U.S. election, falling more than 2% coming into today
o US Retail sales topped expectations in October off of broad strength across key categories
o Crude got a boost from renewed efforts to shore up a proposed production cut by OPEC. Saudi Energy Min Falih: oil industry will advise Pres-elect Trump that limiting trade in any product isn’t healthy
o Fed Vice Chair Fischer: flash market events may become more frequent; higher capital ratios mitigate fire sale risks
o Japan PM Abe to push for FY17/18 wage hikes that at least match the 2.14% growth in FY16/17 – Nikkei

Stock News
o Financial stocks, which have surged since the election as investors bet on higher interest rates, gained less than 0.1% today.
o Energy sector (+2.7%) finished in the lead as crude oil futures rebounded,
o Airlines continue to gain; American Airlines (AAL +3.2%) United Continental (UAL +5%) Delta (DAL +0.38%) and Southwest (LUV +1.98%) all finished higher, following news late Monday that Warren Buffett’s Berkshire Hathaway had bought stakes in the carriers.
o Home Depot (HD) fell 2.6% despite posting better-than-expected quarterly results, while Dick’s Sporting Goods (DKS) fell 6.9% following a weak outlook.
o A bounce in big tech names such as Alphabet (+3%) and Facebook (+1.8%) helped lift the battered tech sector (+1.3%).
o Apple (AAPL +1.3%) Considering Wearable smart glasses that would wirelessly connect to iPhones-Component makers continued to fall last night
o Teva Pharma (TEVA) falls 8% after earnings miss, lower guidance.
o Snapchat said to file for IPO- Reuters

Notable ADR News:
o Dual listed ADRs closed at decent premiums. China names led by the oil stocks as crude rallied over 5% as shorts got squeezed on more chatter of OPEC production cuts.
o Tech higher as the SOX recovers almost 2% and TSM sees its premium expand to 3.5%.
o Indian DRs reverse last night’s weakness and trade higher in both notional and parity terms. ICICI at a 2.5% premium. HDFC Bank premium expands to 21.6% and even Tata Motors was above par
o JD.com (JD) shares rallied 11% after positive Q3 results and upbeat guidance. Revenue of $9.11B (+38% Y/Y) beats by $90M. JD also announced a spinoff of JD Finance; to sell JDF entirely while retaining 40% share of future profits. CAPEX will be much higher in 2017 on construction delays (CC)
JD: Price Target raised to $32 from $29 at JPMorgan, maintains Neutral rating
o Macau’s Chief pegs 2017 Macau gaming Revenue $25B, in line with Last year (despite big openings)- Our analyst sees as Lukewarm to negative
o Melco (MPEL -0.35%) is likely to breach financial covenants on its HK$10.9b senior credit facilities on the first test date for compliance, which starts March 31, S&P says in a note.
o Sina (SINA +4%) and Weibo (WB +7%) to be added to MSCI China Index as of Nov. 30th close. FANG Holdings (SFUN) removed
o Netease (NTES) shares rallied 4.7% after announcing a new $1B buyback. The program lasts for up to 12 months, and NTES plans to fund buybacks with available working capital.

* VIX: -7.67% to 13.37

* Volume 8.4B, 18% above the 3-month daily avg

* Treasury yields edged higher for a sixth straight session, as the bond selloff that followed Trump’s election victory continues after a pause overnight. 10 year yield rose 1.6 bps to 2.24%

30-year +0.4%. 10-yr +0.07%. 5-yr +0.01%.

European Equity Highlights
STOXX 600 +0.27% 339.16
DAX +0.39% 10735.14
FTSE +0.59% 6792.74
CAC +0.62% 4536.53

* European stocks were higher boosted by gains in energy sector and a recovery in shares most hurt in the aftermath of Trump’s win.
* German ZEW index of business expectations strengthened to 13.8 for November from 6.2 the previous month. This was above market expectations and the strongest reading since June

Forex
DXY +0.06% 100.17
Euro -0.1% vs. dollar. Yen +0.69%. Pound +0.3%.

* The USD Index recovered from overnight weakness back to unchanged. USDJPY exploded over 109.00 to 5 month highs. Stronger-than-expected data push greenback to five-month high. USD gains vs. most major peers since Trump win

* MYR: ringgit was lower vs USD and mixed vs others. MYR rose against Yen and British Pound, but fell vs SGD and Euro.

Commodities:
CPO: -28 -0.98% 2824

* Palm oil futures reversed gains to fall for second session in a row after weaker export data from cargo surveyor Intertek Testing Services prompted traders to sell. Palm fell 1% after dropping more than 4%

Stay Ahead, Trade Smart

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

William Liewn Stock to Watch
GESHEN
Collect at 1.59-1.63, 1st Target 1.88, 2nd 1.97. Cut lost at 1.51 (Closing)
FLBHD
Collect at 1.66, 1st Target 1.95 2nd Target 2.03. Cut lost at 1.61 (Closing)
SUPERMX
1st Target 2.43, 2nd 2.58-2.60
OCNCASH
Collect at 0.38, 1st Target 0.42, 2nd 0.485. Cut lost at 0.370 (Closing)
KINSTEL
Target 0.055
TDM
Target 0.725-0.73
YONGTAI
1st Target 1.28, 2nd 1.42
DNONCE
Target 0.34
SOLUTN-WA (Refer to Previous Posting)
OPENSYS
1st Target 0.42, 2nd 0.455, 3rd 0.52
TAANN
Target 4.93
SYSTECH
Target 0.195-0.20
MPAY
1st Target 0.195, 2nd 0.215-0.220
TA
1st Target 0.52, 2nd 0.555

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

M+ Online Morning Buzz – 16Nov16

Dow Jones: 18,923.06 pts (+54.37pts, +0.29%)
U.S. stockmarkets advanced overnight as the Dow rose for the seventh straight session to close at another fresh record high at 18,923.06 pts, buoyed by stronger-than-expected retail sales data.

FBM KLCI: 1,630.56 pts (+13.92pts, +0.86%)
The FBM KLCI staged a sharp recovery yesterday after crude oil prices stabilised. The next resistance level is located around the 1,645 level.

Crude Palm Oil: RM2,812 (-RM26, -0.92%)
Crude palm oil prices extended its losses on the delay of B10 Biodiesel programme to a later date. The RM2,800 level will serve as the immediate support level.

WTI Crude Oil: $45.81 (+$2.49, +5.74%)
Crude oil prices rallied on renewed efforts by OPEC members to curtail production. Crude oil prices might recover towards the US$50 level.

Gold: $1,228.73 (+$7.38, +0.60%)
Gold prices halted its biggest three-day decline in the year after the US Dollar weakened. Gold prices might trade at a rangebound mode between US$1,200-US$1,250.

Economic Releases:
US – US October Production Price Index Data – 16Nov16, 9.30PM
US – US October Industrial Production Data – 16Nov16, 10.15PM
US – US October Manufacturing Production Data – 16Nov16, 10.15PM

Bursa Malaysia Trade Statistics – 15Nov16
Institutions: Net BUY 350.2 mln (57.8%)
Retail: Net SELL 19.8 mln (13.2%)
Foreign: Net SELL 330.4 mln (29.0%)

Potential Momentum Stocks – 16Nov16
Stock Name: AWC (7579)
Entry: Buy above RM0.81
Target: RM0.885 (9.3%), RM0.91 (12.3%)
Stop: RM0.785 (-3.1%)
Shariah: Yes
Technical: Symmetrical triangle breakout

Stock Name: OPENSYS (0040)
Entry: Buy above RM0.395
Target: RM0.42 (6.3%), RM0.45 (13.9%)
Stop: RM0.375 (-5.1%)
Shariah: Yes
Technical: Breakout-pullback-continuation formation

Source: Bloomberg, M+ Online

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

Uob Kay Hian Daily Top Pick, 16 Nov 2016

Century, 7117
Close, 0.94
Buy TP, 1.04, 1.13
Support, 0.90
SL, 0.895

Time Frame, 2 Weeks to 2 Months

Johan, 3441
Close, 0.20
Buy, TP, 0.24, 0.26
Support, 0.17
SL, 0.165
Time frame 2 weeks to 1 months

Dufu, 7223
Close, 0.605
Breakout, 0.65
Buy TP, 0.675, 0.695
Support, 0.56
SL, 0.565
Time frame, 2 weeks to 2 months

Thanks

+++++++++++++++
Market News Roundup

1⃣ TGOFFS is planning to purchase a 51% stake in Wenmax Bhd, a Petronas licensed vendor, for RM8m to expand its upstream O&G sector.

2⃣ ECOWORLD together with EPF will jointly develop a piece of land in the northwestern Klang Valley corridor in Kuala Selangor into a mixed project estimated to be worth RM15b.

3⃣ L&G has proposed to buy over 4 companies from Malaysia Land Properties SB for a sum of RM298.32m, to replenish its land banks for immediate and future developments.

Financial Result Highlight

BHS posted a net loss of RM2.3m in 1QFY17 as a result of a new business which incurred pre-operating expenses of RM700k.

TADMAX, whose 3Q net loss widened 29.5% y-o-y, has warned that it is expected to record operating losses for FY16.

TAHPS’s net profit declined by 41.3% to RM3m (4sen/share) for 2QFY17, dragged down by weak performance in its plantation and property development divisions.

APEX’s net profit rose 57.5% to RM8.74m (7.46 sen/share) in 3QFY16, driven by higher revenue and profit contribution from its associate Straits Apex SB.

Sources: theedgemarkets.com ; thestar.com

16th November,2016 Markets Roundup

US MARKET
DJIA : 18,923.06 (+54.37)
S&P500 : 2,180.39 (+16.19)
NASDAQ : 5,275.62 (+57.22)
VIX : 13.37 (-1.11)
US stocks rose, as tech stocks rebounded from a post-election battering and energy stocks were boosted by a sharp rise in oil prices.

EUROPE/UK MARKET
FTSE : 6,792.74 (+39.56)
DAX : 10,735.14 (+41.45)
CAC 40 : 4,536.53 (+27.98)
European stocks rose, boosted by gains in energy producers and a recovery in shares most hurt in the immediate aftermath of Donald Trump’s win.

CHINA/HK MARKET
SHANGHAI : 3,206.73 (-3.64)
HSI : 22,323.91 (+101.69)
China stocks edged lower, as investors took profits in resource stocks after a slump in the country’s commodity futures market.
HK stocks rebounded, as recent sharp gains in US Treasury yields appeared to level off.

JAPAN MARKET
Nikkei : 17,668.15 (-4.47)
Nikkei share average ended marginally lower as investors took profits from sharp gains in the past few days, offsetting gains in banking stocks, which rose on better-than-expected half-year earnings.

M’SIA MARKET
KLCI : 1,630.56 (+13.92)
KLCI gained 0.9% as investors bargain hunted for Malaysian shares like PPB & Sime while the ringgit remains relatively steady.
⬆531⬇258↔363

OIL
WTI : 45.79
Brent : 46.95
Oil prices jumped nearly 6%, bouncing back from multi-month lows on expectations that OPEC will agree later this month to cut production to reduce a supply glut.

GOLD
GOLD : 1,228.40
Gold edged higher, snapping a 3-session losing streak, on uncertainty over the economic policies of US President-elect Donald Trump.

FX & BONDS
USD/MYR : 4.3306
EUR/MYR : 4.6430
GBP/MYR : 5.4051
AUD/MYR : 3.2721
HKD/MYR : 0.5582
SGD/MYR : 3.0632
USD/JPY : 109.11
Msia 10 yr Bond Yield : 4.198%
US 10 yr Bond Yield : 2.230%

15/11 BURSA TRADE STAT
Retail (13.2%) – net SELL RM19.81M
Institution (57.8%) – net BUY RM350.22M
Foreign (29.0%) – net SELL RM330.41M
Total traded value RM1.896B

By SARA H’NG/ALAN TAN
Sources: investing.com, cnbc.com, reuters.com, bloomberg.com, barrons.com, klsescreener.com, theedgemarkets.com & thestar.com

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

BursaKakis Channel :
BHS Industries, Tanjung Offshore, EcoWorld, L&G, Tadmax, TAHPS and Apex Healthcare | The Edge Markets

http://www.theedgemarkets.com/en/article/bhs-industries-tanjung-offshore-ecoworld-lg-tadmax-tahps-and-apex-healthcare

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

William Liewn Stock to Watch
GESHEN
Collect at 1.59-1.63, 1st Target 1.88, 2nd 1.97. Cut lost at 1.51 (Closing)
FLBHD
Collect at 1.66, 1st Target 1.95 2nd Target 2.03. Cut lost at 1.61 (Closing)
SUPERMX
1st Target 2.43, 2nd 2.58-2.60
OCNCASH
Collect at 0.38, 1st Target 0.42, 2nd 0.485. Cut lost at 0.370 (Closing)
KINSTEL
Target 0.055
TDM
Target 0.725-0.73
YONGTAI
1st Target 1.28, 2nd 1.42
DNONCE
Target 0.34
SOLUTN-WA (Refer to Previous Posting)
OPENSYS
1st Target 0.42, 2nd 0.455, 3rd 0.52
TAANN
Target 4.93
SYSTECH
Target 0.195-0.20
MPAY
1st Target 0.195, 2nd 0.215-0.220
TA
1st Target 0.52, 2nd 0.555

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

Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS WEDNESDAY (16/11/2016):

FBMKLCI TRUMP WIN NOT ALL WORST FOR ASIAN

Dear All,

The FBMKLCI closed higher at +13.92 point or +0.86% to close at 1630.56.

FBMKLCI stage a strong rebound cover back mostly yesterday losses. Thanks to our RM did not falling further. As long as RM within below RM 4.40, mostly our index will not break 1600 so easily.

DJIA already too bullish, any correction without big fall will not impact much to market. Therefore we not too worry about it unless really big crashing fall breaking 18500, 18000.

Many of the people worried that TPPA will be cancel after TRUMP win. I have not much consent as TPPA not even start yet, our market have been doing fine without TPPA and goreng tetap goreng already more than a year after TPPA being introduce.

As long as our market fundamentally, GDP, did not erode become too terrible, seems that our market still can goreng individually.

Just like yesterday many stock rebounded strongly, we also manage to catch rebound stock like GADANG, AWC, CENTURY, and many more in our premium group call.

Other strong moving that have been long following are like PESONA, WCT, SENDAI, EKOVEST which still looking good.

Once we strike, we can be quite active just like yesterday, so do follow us closely to see what is going on with the market.

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

When life gone too far, back to basic this Wednesday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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

BursaKakis Channel :
BKs Technical Ideas 16/11/2016

1) Awc (Live call @ 0.835 on 15/11)
2) OpenSys (Live call @ 0.40 on 15/11)
3) TaAnn (Ideas @ 3.74 on 15/11)
4) JTiasa (Ideas @ 1.43 on 15/11)
5) Liihen (Ideas @ 3.10 on 8/11)
6) Century

Kindly refer to charts posted in BKs Channel.

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.

++++++++=

CIMB Trading Ideas 16/11/2016

1) Melati
2) SSteel

Kindly refer to charts posted in BKs Channel.

Our Link : telegram.me/bursakakis

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