Good morning. The benchmark FBMKLCI was flat yesterday with investors’ main focus being the lower liners. The index fell marginally, closing 0.05 points lower for the day. There is no change in our ST bearish view as the technical readings remained in negative zone. A breach below 1,611 would see the index fall to test the psychological support at 1,600. Resistance: 1,652 & 1,667. Support: 1,611 & 1,600.

*Trading Stocks today:*

Malaysia:
*Excel Forces MSC (0065)* (RM1.41): Sell
Target: RM1.09
Stop loss: RM1.65

*WTK Holdings (4243)* (RM1.11): Buy
Target: RM1.28
Cut loss: RM1.06

Singapore:
*United Overseas Bank* (S$19.43): Buy
Target: S$22.17
Cut loss: S$18.39

*Olam International* (S$1.98): Sell
Target: S$1.71
Stop loss: S$2.18

Hong Kong:
*DeTai New Energy Group* (HK$0.385): Buy only on a close above HK$0.40
Target: HK$0.44-0.455
Cut loss: HK$0.37

*Hong Kong Life Sciences and Technologies* (HK$0.125): Buy only on a close above HK$0.136
Target: HK$0.147-0.162
Cut loss: HK$0.117
*Fundamental Report(s):*

*YTL Power International * – The worst may be over (Maintained Add with a higher tp of RM1.85)

*Gas Malaysia Berhad* – Smoother earnings (Maintained Hold with a tp of RM2.66)

*Eastern & Oriental* – Facing strong headwinds (Maintained Hold with a lower tp of RM1.65)

*18th Nov 2016*

 

BursaKakis Channel :
M+ Online Morning Buzz – 18Nov16

Dow Jones: 18,903.82 pts (+35.68pts, +0.19%)
The strong economic data from both jobless claims and inflation rate signalling a high likelihood of interest rate hike next month sent Wall Street higher as the Dow added 0.2%.

FBM KLCI: 1,626.77 pts (-0.86pts, -0.05%)
The FBM KLCI closed lower but managed pare most of its intraday losses yesterday on late buying support amongst selective index heavyweights. The immediate support level is located around the 1,610 level.

Crude Palm Oil: RM2,855 (+RM21, +0.74%)
Crude palm oil prices extended its gains after the weakness in Ringgit boosted the export outlook. The RM3,000 level will serve as the immediate resistance level.

WTI Crude Oil: $45.57 (-$0.24, -0.45%)
Crude oil prices gave up its intraday gains to extend its losses on rising inventories level. Crude oil prices might continue to hover between US$43-US$46 levels.

Gold: $1,224.99 (-$3.74, -1.01%)
Gold prices extended its losses, pressured by the stronger US Dollar coupled with the possibility of interest rate hike in December. Gold prices might trade at a range bound mode between US$1,200-US$1,250.

Economic Releases:
China – China’s October Housing Price Index – 18Nov16, 9.30AM

Bursa Malaysia Trade Statistics – 17Nov16
Institutions: Net BUY 104.4 mln (54.8%)
Retail: Net BUY 3.7 mln (16.1%)
Foreign: Net SELL 108.1 mln (29.1%)

Potential Momentum Stocks – 18Nov16
Stock Name: DIGISTA (0029)
Entry: Buy above RM0.185
Target: RM0.21 (13.5%), RM0.235 (27.0%)
Stop: RM0.17 (-8.1%)
Shariah: No
Technical: Consolidation breakout

Stock Name: CEPAT (8982)
Entry: Buy above RM0.86
Target: RM0.95 (10.5%), RM1.00 (16.3%)
Stop: RM0.835 (-2.9%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

Uob Kay Hian Daily Top Pick, 18 Nov 2016

Rsawit, 5113
Close, 0.525
Breakout, 0.54
Buy TP, 0.605, 0.67
Support, 0.485
SL, 0.48

Time Frame, 2 Weeks to 2 Months

Glbhd, 7382
Close, 0.65
Buy, TP, 0.72, 0.745
Support, 0.60
SL, 0.595
Time frame 2 weeks to 2 months

Thplant, 5112
Close, 1.16
Breakout, 1.19
Buy TP, 1.33, 1.42
Support, 1.07
SL, 1.06
Time frame, 2 weeks to 2 months

Thanks

 

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TradetheHotstocks:
Market News Roundup

1⃣ MRCB is letting go of a one-acre plot of land to Mass Rapid Transit Corp SB for RM180m due to concerns over its proximity to the construction of the MRT Line 2.

Financial Result Highlight

YTL CORP’s net profit fell 25% to RM150.33m in 1QFY17, as it saw lower profit contribution from all but 2 of its 7 business segments.

GAS MSIA’s net profit climbed 28.1% to RM43.2m in 3QFY16, as it saw higher gross profit from more gas sold.

TAMBUN’s net profit rose to RM25.23m in 3QFY16 (up 6.08%), boosted by higher other income and lower administrative expenses.

ANN JOO recorded a net profit of RM22.92m (4.58 sen/share) for 3QFY16, its third profitable quarter in a row.

GUOCOLAND saw its 1QFY17 falling close to 99% y-o-y to RM265k (0.04 sen/share), mainly because it had recorded a fair value gain of some RM16.7m in the previous year.

E&O, which plans to launch an estimated RM205m worth of properties, saw the weaker ringgit take a toll on its earnings for 2QFY17. It net profit fell 84.3% to RM3.83m.

Sources: theedgemarkets.com ; thestar.com

18th November,2016 Markets Roundup

US MARKET
DJIA : 18,903.82 (+35.68)
S&P500 : 2,187.12 (+10.18)
NASDAQ : 5,333.97 (+39.39)
VIX : 13.35 (-0.37)
S&P 500 index rose to within a hair of its record high as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings.
Fed Chair Janet Yellen, in her congressional testimony, solidified bets that the central bank was on track to raise interest rates in Dec.

EUROPE/UK MARKET
FTSE : 6,794.71 (+44.99)
DAX : 10,685.54 (+21.67)
CAC 40 : 4,527.77 (+26.63)
European shares reversed losses to post a broad-based rally that lifted all industry groups in the last hours of trading.

CHINA/HK MARKET
SHANGHAI : 3,208.68 (+3.62)
HSI : 22,262.88 (-17.65)
China stocks closed slightly higher, as gains for big-cap infrastructure stocks offset a weak resources sector.
HK stocks ended roughly flat, with strength in the services and utilities sectors offsetting weakness in tech stocks.

JAPAN MARKET
Nikkei : 17,862.63 (+0.42)
Shares in Tokyo rose after the Bank of Japan’s decision to buy bonds maturing between 1 to 5 years lifted sentiment by sending the yen lower.

M’SIA MARKET
KLCI : 1,626.77 (-0.86)
KLCI closed in the red, dragged down by losses in Axiata & CIMB amid a mixed broader market.
⬆332⬇397↔371

OIL
WTI : 44.94
Brent : 46.05
Oil prices lost steam heading into Thursday’s US crude settlement, as expectations of an OPEC deal to limit production were offset by oversupply concerns and a rallying dollar capped earlier gains.

GOLD
GOLD : 1,215.85
Gold gained, shrugging off strong US economic data and comments by US Fed Chair Janet Yellen that further bolstered the case for hiking rates next month.

FX & BONDS
USD/MYR : 4.3941
EUR/MYR : 4.6696
GBP/MYR : 5.4558
AUD/MYR : 3.2543
HKD/MYR : 0.5664
SGD/MYR : 3.0931
USD/JPY : 110.12
Msia 10 yr Bond Yield : 4.253%
US 10 yr Bond Yield : 2.317%

17/11 BURSA TRADE STAT
Retail (16.1%) – net BUY RM3.7M
Institution (54.8%) – net BUY RM104.4M
Foreign (29.1%) – net SELL RM108.1M
Total traded value RM1.462B
By SARA H’NG /AlanTan

Sources: investing.com, cnbc.com, reuters.com, bloomberg.com, barrons.com, klsescreener.com, theedgemarkets.com & thestar.com

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BursaKakis Channel :
BKs Technical Ideas 18/11/2016

1) Pohuat
2) Sign
3) Harbour
4) Thplant
5) Scope

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 18/11/2016

1) CSC
2) JCY

Kindly refer to charts posted in BKs Telegram Channel.

Our Link : telegram.me/bursakakis

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

Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS FRIDAY (18/11/2016):

FBMKLCI QUARTER RESULT PEAK PERIOD

Dear All,

The FBMKLCI closed lower at -0.86 point or -0.05% to close at 1626.77.

FBMKLCI remain slightly unchanged and supported. But our RM remain weak and overall sentiment slightly weak.

DJIA not much movement after move to new high, as long as did not crashing way down from where it spike, then we expect market wont big shake too much.

Yesterday one of our favorite PESONA hit our upgraded Target Price on market ideas 3/11/16. Congratulation if you ride on.

Beside one of our favorite mid term stock IQGROUP, mention http://klse.i3investor.com/blogs/logictradinganalysiss/104494.jsp
posted on 16/9/2016, RESULT great and some more got 5 cent dividend !

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

Every Role that you play, come with it’s own set of Challenges this Friday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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