++++
[11/22, 8:33 AM] Rosdi maybank: Reuters-U.S. stocks climbed on Monday to close at a record and European equity markets also moved higher as a jump in oil prices helped spur gains in the energy sector.
Brent LCOc1 settled up 4.4 percent at $48.90 and U.S. crude CLc1 settled 3.9 percent higher at $47.49 after touching their highest levels in about three weeks as the dollar weakened. Comments by Russian President Vladimir Putin that raised expectations major oil producing countries could reach a deal to limit output at a meeting next week also spurred the jump in oil prices.
Among U.S. equities, the S&P energy index .SPNY gained 2.2 percent as the top-performing sector, closing at its highest level in 16 months.
“The post-election rally is continuing,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama. “There was some concern that rates might rise too far, but it looks like they may have slowed down a little bit.”
The Dow Jones industrial average .DJI rose 88.76 points, or 0.47 percent, to 18,956.69, the S&P 500 .SPX gained 16.28 points, or 0.75 percent, to 2,198.18 and the Nasdaq Composite .IXIC added 47.35 points, or 0.89 percent, to 5,368.86.
[11/22, 8:34 AM] Rosdi maybank: Maybank Kim Eng Daily Kopi (21 November 2016)
Dow 18956.69 0.47%
S&P 2198.18 0.75%
Nasdaq 5368.86 0.89%
VIX 12.42 -3.35%
Nikkei 18106.02 0.77%
KOSPI 1966.05 -0.43%
SSE 3218.15 0.79%
TWSE 9041.11 0.36%
HSI 22357.78 0.06%
STI 2816.67 -0.77%
KLCI 1627.28 0.21%
USD/MYR 4.4198 -0.03%
EUR/MYR 4.7067 -0.43%
GBP/MYR 5.4566 0.53%
AUD/MYR 3.2523 0.36%
SGD/MYR 3.1026 -0.06%
JPY/MYR 3.9882 -0.11%
(+/- chg refers to MYR relative perf)
Top U.S.Market News:
o US stocks hit all-time highs. S&P 500, Dow and Nasdaq Composite all hit new record highs
o While the Dow and NASDAQ had previously set new records in the past few trading days, this is the first time the S&P 500 has joined them during the run up in recent weeks.
o NASDAQ led the way, rising 0.8%, while the S&P 500 added 0.7%. S&P and Dow are now up over 8% from the limit down lows of the election.
o Party like its 1999: Today is 1st time since 12/31/99 that S&P 500, Dow, NASDAQ, Russell 2000, and S&P 400 Midcap all closed at new highs.
o Today’s trading volume was below the recent levels of the last 2 weeks or so.
o The Treasury selloff took a break, allowing the yield on the 10-year note to stabilize after hitting multimonth highs last week.
o Oil at 3-week high as Russia’s Putin feeds expectations for OPEC output deal. Putin said he sees a “high probability” that an agreement to curb oil production will be reached at the Nov. 30 meeting in Vienna.
o British PM Theresa May confirmed the government will not seek an extension to the Article 50 process and plans to exit the EU by end-March 2019.
o 6.9 mag quake hits northeastern Japan, near Tokyo – Japan issues warning for possible 3 meter Tsunami in Fukushima: NHK
Stock News
o Energy sector rallied 2.4% as U.S. crude oil climbed 4%. The utilities (+1.1%) and tech (+1.1%) sectors also outperformed while real estate (-0.2%) lagged; the financial sector (+0.3%) turned in a flattish showing as flattening in the yield curve weighed on banking names.
o FANG stocks — Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Alphabet (GOOGL) — outperformed in the Nasdaq 100, with gains ranging from 1% to 4%.
o Rout in Poultry names continues- TSN report dismal. SAFM, PPC down- TSN CEO stepping down. Recall last week Washington Post story that companies were colluding to inflate chicken place for years
o Tyson Foods (TSN) tumbled after whiffing on earnings. The stock fell 14.5% after the company posted earnings of $0.96. Analysts had projected earnings of $1.16 per share.
o Facebook (FB +4%) expanding UK headcount, new London HQ under construction. Overall employment in the UK to increase by 50% to 1,500 positions in 2017
o Amazon (AMZN +2.6%) considering offering a premium sports content package with Prime membership.
o Buzzfeed raised another $200 million from NBC Universal. The deal will value the online news company at $1.5 billion. This is the second year in a row that NBCUniversal has made a $200 million investment in Buzzfeed.
o Symantec (SMYC +3.25%) is buying security firm LifeLock for $2.3 billion. The deal will be funded by cash and new debt. Symantec also bought internet security firm Blue Coat for $4.7 billion in June.
o Starbucks (SBUX +0.5%) may have quietly increased prices in the last few weeks – TheStreet cites anecdotal checks from receipts in NYC and comments from a barista
o Constellation Brands (STZ +1.6%) approves a new buyback program of $1B worth of stock.
o Citigroup (C +0.2%) adds $1.75 to buyback
Notable ADR News:
o Dual listed ADRs hovered around parity though the notional levels were higher. China oil plays strong thanks to a lift in crude, ala hopes of output freezes
o Alibaba (BABA-0.2%) is planning to invest USD300m into Sanjiang Shopping Club (601116 CH) for a 32% stake. Sanjiang owns 160 supermarkets mainly around Zhejiang province and is one of the largest supermarket chains in the region. We believe this is in line with the Alibaba’s push on its Tmall supermarket business and to compete with JD’s recent cooperation with Yihaodian’s fresh delivery business. Tmall supermarket’s volume is growing fast at 200% in FY1Q17 and again triple digit in FY2Q17. Alibaba will remain as 2nd largest shareholder and allow Sanjiang to run independently after the investment, a similar strategy adopted in many of its past investments.
o Alibaba Cloud expands global offering with four new data centers by the end of 2016 in the Middle East (Dubai), Europe, Australia and Japan.
o MACAU: CS raises MPEL, Sands China, and MGM China to Outperform. Wynn Macau to Neutral. Yuan weakening, China capital outflows further injected liquidity into junket system.
o YY Reports Q3 $1.12 v $0.71 y/y, R$313.4M v $234.4M y/y – Guides Q4 net revenues RMB2.4-2.5B, +26.3-31.6% y/y- Gross margin 39.0% v 39.2% y/y. Stock had fallen-17% in last month
o JD.com (JD -2%) New Street Research reiterates Buy and Street-high $40 PT
o Tuniu (TOUR -0.3%) said that they will separate their businesses into two major sections: a tourism and resort subsidiary and a financial and technology subsidiary.
o Eros Now (EROS -2.30%) Announces Distribution Partnership with Vodafone for integration with Vodafone Play.
After the Close:
o Vipshop (VIPS): Q3 EPS of $0.15 beats by $0.01. Revenue of $1.8B in-line. Conf call in the morning. Shares fall 4%
o SINA Reports Q3 Adj. EPS $0.56 vs $0.35 Est., Sales $274.9M vs $265.3M Est. SINA +1% after hours
o Weibo (WB) Reports Q3 EPS $0.24 vs. Est. $0.20, Rev. $176.9M vs. Est. $173M. WB +1.5% after hours.
* VIX: -3.35% to 12.42
* Volume 6.6B, 5% below the 3-month daily avg
* Treasury prices rose and two-year yield closed lower by a basis point to 1.06% while 10-year yield slipped 5 bps to 2.30%. 30Y yields dropped back below 3.00%
30-year +0.35%. 10-yr +0.25%. 5-yr +0.1%.
European Equity Highlights
STOXX 600 +0.25% 340.23
DAX +0.19% 10685.13
FTSE +0.03% 6777.96
CAC +0.56% 4529.58
* European markets end higher. Stoxx Europe 600 was slightly better, as gains for energy and mining stocks fought off drops by Italian banks.
* German Chancellor Angela Merkel announced her candidacy for a fourth term in the September 2017 elections, as most had been expecting and France’s ex-President Nicholas Sarkozy lost his bid for re-election over the weekend.
Forex
DXY +0.52% 100.93
Euro +0.35% vs. dollar. Yen +0.14%. Pound -1.21%.
* Dollar slides after 10 days of gains; euro rises. British pound drops after PM May confirms no extension of Brexit process.
* MYR: ringgit continues to slide, ending slightly lower to hit weakest level in 13 months.
Commodities:
CPO: +50 +1.78% 2919
* Palm oil extends recent gains, up almost 2% on weak ringgit. The rise in soybean oil also contributing.
For stock ideas and market flows, access Market Insight on Maybank Investment Bank http://bit.ly/1dsTxV9 and Maybank KE Trade SG mobile apps https://appsto.re/us/OY-Kw.i.
Download from Apple Store and Google Play now.
Stay Ahead, Trade Smart
[11/22, 8:35 AM] Rosdi maybank: KLSE StockAlliance:
22/11/2016 Stock Picks
1. PRLEXUS / KIMLUN / TECGUAN
2. INNO / HIL / IREKA
3. AEGB / PASDEC / WOODLAN
4. Follow us 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.
[11/22, 9:29 AM] Rosdi maybank: UOBKH Retail Market Monitor 22 November 2016
FBMKLCI 1,627.28 (+3.48,+0.21%)
Support: 1,612, 1,600
Resistance: 1,665, 1,680
The index rose yesterday as index-linked counters rebounded strongly.
Top Gainers: Hong Leong Financial Group (+2.7%), Genting Malaysia
(+2.2%) and Astro Malaysia Holdings (+1.9%)
Top Losers: RHB Bank (-2.1%), YTL Corporation (-1.3%) and Petronas
Dagangan (-1.0%)
US stocks closed higher on Monday on the back of rising oil prices and
a pullback in the dollar, giving the three major US indices their third simultaneous all-time closing highs this year. Stocks got a lift from energy stocks as oil prices jumped. Investors are hoping that
OPEC countries will soon finalise a deal that would cut oil production and help support prices. Gold for December delivery was up 0.4%, or US$4.70, to US$1213.40 a troy ounce. Rising stocks outnumbered
declining ones on the NYSE by 2,314 to 857 and 80 ended unchanged.
Stocks to watch:
1) VISDYNAMICS HOLDINGS; Technical Buy with +31.4% potential return
*Last: RM0.245 Target: RM0.295, RM0.335 Stop: RM0.210
*Timeframe: 2 weeks to 2 months
2) OCEANCASH PACIFIC; Technical BUY with +20.7% potential return
*Last: RM0.410 Target: RM0.470, RM0.495 Stop: RM0.370
*Timeframe: 2 weeks to 2 months
3) PROLEXUS; Technical BUY with +15.7% potential return
*Last: RM1.66 Target: RM1.84, RM1.92, Stop: RM1.52
*Timeframe: 2 weeks to 2 months
[11/22, 9:31 AM] Rosdi maybank: Good morning. Despite the weak Ringgit, the FBMKLCI ended Monday on a positive tone, gaining 3.48 points or 0.21%. Today, the local benchmark barometer is likely to be sluggish as we believe that the overnight rebound in oil prices might be offset by the recent hawkish remark from the US President-elect Donald Trump, who said he would withdraw the US from a Trans-Pacific Partnership trade deal on his first day in office on the 20th Jan 2017. We also caution that the oil prices would likely to be choppy ahead of the OPEC meeting on the 30th Nov. Hence, traders are advised to trade cautiously on the oil & gas related counters. Resistance: 1,652 & 1,667. Support: 1,611 & 1,600.
*Trading Stocks today:*
Malaysia:
*A-Rank (7214)* (RM0.93): Buy
Target: RM1.08
Cut loss: RM0.85
*Salutica (0183)* (RM1.36): Buy
Target: RM1.74
Cut loss: RM1.25
Singapore:
*Jumbo Group* (S$0.655): Buy
Target: S$0.73
Cut loss: S$0.59
*United Engineers* (S$2.75): Sell
Target: S$2.41
Stop loss: S$2.78
Hong Kong:
*Dynamic Holdings* (HK$5.00): Buy
Target: HK$5.80-5.85
Cut loss: HK$4.68
*KuangChi Science* (HK$2.92): Buy
Target: HK$3.45-3.55
Cut loss: HK$4.73
*Fundamental Report(s):*
*Economic Update* – Ringgit lashed by volatility
*WCT Holdings* – No breakout in infra margins, for now (Maintained Add with a tp of RM2.16)
*Star Media Group Bhd* – Waiting to shine (Maintained Add with a tp of RM2.70)
*AMMB Holdings* – Another qoq earnings recovery in 2QFY17 (Maintained Add with a higher tp of RM5.00)
*QL Resources* – Improved livestock performance in 2QFY17 (Maintained Hold with a lower tp of RM4.27)
*Malakoff Corporation* – Dimmer earnings outlook (Maintained Hold with a lower tp of RM1.41)
*Pharmaniaga Bhd* – Sore 9M16 (Maintained Reduce with a tp of RM5.00)
*MSM Malaysia Holdings* – A perfect storm (Downgrade Reduce with a lower tp of RM3.50)
*Signature International* – Awaiting a sign (Maintained Add with a lower tp of RM1.30)
*22nd Nov 2016*
[11/22, 12:35 PM] Rosdi maybank: *M+ Online Morning Buzz – 22Nov16*
*Dow Jones: 18,956.69 pts (+88.76pts, +0.47%)*
U.S. stockmarkets advanced overnight as the Dow notched a record closing, lifted by gains in crude oil prices. The Dow could head towards the 19,000 level.
*FBM KLCI: 1,627.28 pts (+3.48pts, +0.21%)*
The FBM KLCI halted a three-consecutive winning streak as buying interest was distinct among selective banking heavyweights. The immediate support level is located around the 1,610 level.
*Crude Palm Oil: RM2,919 (+RM50, +1.74%)*
Crude palm oil prices rebounded, tracking the gains in soybean oil coupled with the persistent weakness in Ringgit. The RM3,000 level will serve as the immediate resistance level.
*WTI Crude Oil: $48.24 (+$2.79, +6.11%)*
Crude oil prices extended its gains on optimism over OPEC production cut deal. Crude oil prices might head towards the US$50 level.
*Gold: $1,214.23 (+$6.34, +0.52%)*
Gold prices rebounded from around the US$1,200 level after the US Dollar retreated. The US$1,200 level will serve as the immediate support level.
*Economic Releases:*
US – October Existing Home Sales – 22Nov16, 11.00PM
*Bursa Malaysia Trade Statistics – 21Nov16*
Institutions: *Net SELL* 17.8 mln (54.4%)
Retail: *Net BUY* 16.5 mln (17.6%)
Foreign: *Net BUY* 1.3 mln (28.0%)
*Potential Momentum Stocks – 22Nov16*
*Stock Name: OCNCASH (0049)*
Entry: Buy above RM0.40
Target: RM0.43 (7.5%), RM0.47 (17.5%)
Stop: RM0.385 (-3.8%)
Shariah: Yes
Technical: Short-term consolidation breakout
*Stock Name: MKH (6114)*
Entry: Buy above RM2.790
Target: RM3.00 (7.5%), RM3.17 (13.6%)
Stop: RM2.67 (-4.3%)
Shariah: Yes
Technical: Short-term consolidation breakout
_*Source: Bloomberg, M+ Online*_
+++++++====
Logic Trading Analysis Channel, [21.11.16 23:12]
BURSA MALAYSIA MARKET IDEAS SELLING (22/11/2016):
FBMKLCI FOREIGN FUND STOP SELLING ?
Dear All,
The FBMKLCI closed higher at +3.48 point or +0.21% to close at 1627.28.
FBMKLCI yesterday stop falling since foreign fund stop selling, hopefully foreign fund will continue stop selling, then our market will at least stable a bit.
DJIA still sideways at peak, high chance to break 19000, if fail and watefall down, then will be pretty damage to all market. Since whole world slightly little positive, hopefully this can roll into more positive then will be great.
Yesterday a lot company posting result, not much exciting. Hopefully coming few day will see more company posting better result.
Trade carefully !
Welcome to our live channel :
https://telegram.me/ltachannel !
There are so many beautiful reasons to be happy this Tuesday!
“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis
+++++++++++++=
TradetheHotstocks, [22.11.16 06:51]
Market News Roundup
1⃣ KLK plans to acquire a bigger stake in PT Perindustrian Sawit Synergi, a downstream palm oil producer in Indonesia, by upping its stake in JV from 63% to 75%.
2⃣ MQ TECH, which is planning to diversify into the theme park business, saw its renounceable rights issue with free warrants under-subscribed by 34.22%.
3⃣ PERISAI said it has within 60 days from Nov 10 to submit a proposed debt restructuring scheme to the Corporate Debt Restructuring Committee.
4⃣ FAJAR is buying a piece of freehold land measuring 676 sq meter within the central business district of Melbourne, Australia, for RM84.15m cash.
5⃣ MKH is teaming up with PR1MA Corp Malaysia to jointly develop a piece of freehold land measuring 33,280 square metres (8.22 acres) in Kajang into a mixed project with GDV of RM464m.
6⃣ RHB is eyeing the top 3 spot in the Islamic banking space for its syariah complaint unit, with a 3-year aim to rapidly boost its profits and asset size.
Financial Result Highlight
WCT’s net profit plunged 72.1% to RM23.97m (1.92 sen/share) for 3QFY16 mainly due to high unrealised forex gain in 3QFY15.
Higher raw material costs and a weaker ringgit have eroded MSM’s profitability by 63.5% in 3QFY16.
PHARMANIAGA’s net profit fell 34.6% to RM13.06m (5.04 sen/share) in 3QFY16 on lower revenue. The group declared a 3rd interim dividend of RM0.04 per share.
EPF’s investment income surged 29.21% to RM12.32b in 3QFY16.
MALTON’s net profit in 1QFY17 rose 44.4% y-o-y to RM6.26m, mainly on higher revenue from its property development division.
Sources: theedgemarkets.com ; thestar.com
++++++++++++++++++++==
TradetheHotstocks, [22.11.16 06:57]
22nd November, 2016 Overnight Markets Roundup
US MARKET
DJIA : 18,956.69 (+88.76)
S&P500 : 2,198.18 (+16.28)
NASDAQ : 5,368.86 (+47.35)
VIX : 12.34 (-0.51)
All 3 major US stock indexes finished at record highs, extending the market’s post-election rally as energy and other commodity-related shares gained and Facebook led a jump in technology.
EUROPE/UK MARKET
FTSE : 6,777.96 (+2.19)
DAX : 10,684.25 (+19.69)
CAC 40 : 4,531.50 (+27.15)
A rally in commodity producers helped European equities erase declines, sending the shares for their longest streak of intraday fluctuations in more than 3 years.
CHINA/HK MARKET
SHANGHAI : 3,218.21 (+25.35)
HSI : 22,357.78 (+13.57)
Chinese stocks rose in HK & Shanghai as insurers gained with construction firms amid speculation the outlook for earnings is improving.
JAPAN MARKET
Nikkei : 18,106.02 (+138.61)
Nikkei rose, gaining for 4th day after a further weakening in the yen boosted overall sentiment, while mining stocks staged a rally thanks to rising oil prices.
M’SIA MARKET
KLCI : 1,627.28 (+3.48)
KLCI settled 0.21% higher on bargain hunting activities after having languished in the red for 3 days last week.
⬆️365⬇️409↔️343
OIL
WTI : 48.27
Brent : 48.95
Oil climbed as Iran signaled optimism that OPEC will agree to a supply-cut deal and Iraq said it will make new proposals to help bolster unity before next week’s meeting in Vienna.
GOLD
GOLD : 1,212.90
Gold rebounding from 5-1/2 month lows as the dollar shed some of the hefty gains made the previous week on bets that US president-elect Donald Trump’s plans for fiscal stimulus would prove inflationary.
FX & BONDS
USD/MYR : 4.4165
EUR/MYR : 4.6939
GBP/MYR : 5.5165
AUD/MYR : 3.2532
HKD/MYR : 0.5694
SGD/MYR : 3.1013
USD/JPY : 110.89
Msia 10 yr Bond Yield : 4.385%
US 10 yr Bond Yield : 2.323%
21/11 BURSA TRADE STAT
Retail (17.6%) – net BUY RM16.47M
Institution (54.4%) – net SELL RM17.77M
Foreign (28.0%) – net BUY RM1.30M
Total traded value RM1.381B
By SARA H’NG/ALAN TAN
Sources: investing.com, cnbc.com, reuters.com, bloomberg.com, barrons.com, klsescreener.com, theedgemarkets.com & thestar.com
Views – 254
Analisis 22/11/2016
++++
[11/22, 8:33 AM] Rosdi maybank: Reuters-U.S. stocks climbed on Monday to close at a record and European equity markets also moved higher as a jump in oil prices helped spur gains in the energy sector.
Brent LCOc1 settled up 4.4 percent at $48.90 and U.S. crude CLc1 settled 3.9 percent higher at $47.49 after touching their highest levels in about three weeks as the dollar weakened. Comments by Russian President Vladimir Putin that raised expectations major oil producing countries could reach a deal to limit output at a meeting next week also spurred the jump in oil prices.
Among U.S. equities, the S&P energy index .SPNY gained 2.2 percent as the top-performing sector, closing at its highest level in 16 months.
“The post-election rally is continuing,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama. “There was some concern that rates might rise too far, but it looks like they may have slowed down a little bit.”
The Dow Jones industrial average .DJI rose 88.76 points, or 0.47 percent, to 18,956.69, the S&P 500 .SPX gained 16.28 points, or 0.75 percent, to 2,198.18 and the Nasdaq Composite .IXIC added 47.35 points, or 0.89 percent, to 5,368.86.
[11/22, 8:34 AM] Rosdi maybank: Maybank Kim Eng Daily Kopi (21 November 2016)
Dow 18956.69 0.47%
S&P 2198.18 0.75%
Nasdaq 5368.86 0.89%
VIX 12.42 -3.35%
Nikkei 18106.02 0.77%
KOSPI 1966.05 -0.43%
SSE 3218.15 0.79%
TWSE 9041.11 0.36%
HSI 22357.78 0.06%
STI 2816.67 -0.77%
KLCI 1627.28 0.21%
USD/MYR 4.4198 -0.03%
EUR/MYR 4.7067 -0.43%
GBP/MYR 5.4566 0.53%
AUD/MYR 3.2523 0.36%
SGD/MYR 3.1026 -0.06%
JPY/MYR 3.9882 -0.11%
(+/- chg refers to MYR relative perf)
Top U.S.Market News:
o US stocks hit all-time highs. S&P 500, Dow and Nasdaq Composite all hit new record highs
o While the Dow and NASDAQ had previously set new records in the past few trading days, this is the first time the S&P 500 has joined them during the run up in recent weeks.
o NASDAQ led the way, rising 0.8%, while the S&P 500 added 0.7%. S&P and Dow are now up over 8% from the limit down lows of the election.
o Party like its 1999: Today is 1st time since 12/31/99 that S&P 500, Dow, NASDAQ, Russell 2000, and S&P 400 Midcap all closed at new highs.
o Today’s trading volume was below the recent levels of the last 2 weeks or so.
o The Treasury selloff took a break, allowing the yield on the 10-year note to stabilize after hitting multimonth highs last week.
o Oil at 3-week high as Russia’s Putin feeds expectations for OPEC output deal. Putin said he sees a “high probability” that an agreement to curb oil production will be reached at the Nov. 30 meeting in Vienna.
o British PM Theresa May confirmed the government will not seek an extension to the Article 50 process and plans to exit the EU by end-March 2019.
o 6.9 mag quake hits northeastern Japan, near Tokyo – Japan issues warning for possible 3 meter Tsunami in Fukushima: NHK
Stock News
o Energy sector rallied 2.4% as U.S. crude oil climbed 4%. The utilities (+1.1%) and tech (+1.1%) sectors also outperformed while real estate (-0.2%) lagged; the financial sector (+0.3%) turned in a flattish showing as flattening in the yield curve weighed on banking names.
o FANG stocks — Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Alphabet (GOOGL) — outperformed in the Nasdaq 100, with gains ranging from 1% to 4%.
o Rout in Poultry names continues- TSN report dismal. SAFM, PPC down- TSN CEO stepping down. Recall last week Washington Post story that companies were colluding to inflate chicken place for years
o Tyson Foods (TSN) tumbled after whiffing on earnings. The stock fell 14.5% after the company posted earnings of $0.96. Analysts had projected earnings of $1.16 per share.
o Facebook (FB +4%) expanding UK headcount, new London HQ under construction. Overall employment in the UK to increase by 50% to 1,500 positions in 2017
o Amazon (AMZN +2.6%) considering offering a premium sports content package with Prime membership.
o Buzzfeed raised another $200 million from NBC Universal. The deal will value the online news company at $1.5 billion. This is the second year in a row that NBCUniversal has made a $200 million investment in Buzzfeed.
o Symantec (SMYC +3.25%) is buying security firm LifeLock for $2.3 billion. The deal will be funded by cash and new debt. Symantec also bought internet security firm Blue Coat for $4.7 billion in June.
o Starbucks (SBUX +0.5%) may have quietly increased prices in the last few weeks – TheStreet cites anecdotal checks from receipts in NYC and comments from a barista
o Constellation Brands (STZ +1.6%) approves a new buyback program of $1B worth of stock.
o Citigroup (C +0.2%) adds $1.75 to buyback
Notable ADR News:
o Dual listed ADRs hovered around parity though the notional levels were higher. China oil plays strong thanks to a lift in crude, ala hopes of output freezes
o Alibaba (BABA-0.2%) is planning to invest USD300m into Sanjiang Shopping Club (601116 CH) for a 32% stake. Sanjiang owns 160 supermarkets mainly around Zhejiang province and is one of the largest supermarket chains in the region. We believe this is in line with the Alibaba’s push on its Tmall supermarket business and to compete with JD’s recent cooperation with Yihaodian’s fresh delivery business. Tmall supermarket’s volume is growing fast at 200% in FY1Q17 and again triple digit in FY2Q17. Alibaba will remain as 2nd largest shareholder and allow Sanjiang to run independently after the investment, a similar strategy adopted in many of its past investments.
o Alibaba Cloud expands global offering with four new data centers by the end of 2016 in the Middle East (Dubai), Europe, Australia and Japan.
o MACAU: CS raises MPEL, Sands China, and MGM China to Outperform. Wynn Macau to Neutral. Yuan weakening, China capital outflows further injected liquidity into junket system.
o YY Reports Q3 $1.12 v $0.71 y/y, R$313.4M v $234.4M y/y – Guides Q4 net revenues RMB2.4-2.5B, +26.3-31.6% y/y- Gross margin 39.0% v 39.2% y/y. Stock had fallen-17% in last month
o JD.com (JD -2%) New Street Research reiterates Buy and Street-high $40 PT
o Tuniu (TOUR -0.3%) said that they will separate their businesses into two major sections: a tourism and resort subsidiary and a financial and technology subsidiary.
o Eros Now (EROS -2.30%) Announces Distribution Partnership with Vodafone for integration with Vodafone Play.
After the Close:
o Vipshop (VIPS): Q3 EPS of $0.15 beats by $0.01. Revenue of $1.8B in-line. Conf call in the morning. Shares fall 4%
o SINA Reports Q3 Adj. EPS $0.56 vs $0.35 Est., Sales $274.9M vs $265.3M Est. SINA +1% after hours
o Weibo (WB) Reports Q3 EPS $0.24 vs. Est. $0.20, Rev. $176.9M vs. Est. $173M. WB +1.5% after hours.
* VIX: -3.35% to 12.42
* Volume 6.6B, 5% below the 3-month daily avg
* Treasury prices rose and two-year yield closed lower by a basis point to 1.06% while 10-year yield slipped 5 bps to 2.30%. 30Y yields dropped back below 3.00%
30-year +0.35%. 10-yr +0.25%. 5-yr +0.1%.
European Equity Highlights
STOXX 600 +0.25% 340.23
DAX +0.19% 10685.13
FTSE +0.03% 6777.96
CAC +0.56% 4529.58
* European markets end higher. Stoxx Europe 600 was slightly better, as gains for energy and mining stocks fought off drops by Italian banks.
* German Chancellor Angela Merkel announced her candidacy for a fourth term in the September 2017 elections, as most had been expecting and France’s ex-President Nicholas Sarkozy lost his bid for re-election over the weekend.
Forex
DXY +0.52% 100.93
Euro +0.35% vs. dollar. Yen +0.14%. Pound -1.21%.
* Dollar slides after 10 days of gains; euro rises. British pound drops after PM May confirms no extension of Brexit process.
* MYR: ringgit continues to slide, ending slightly lower to hit weakest level in 13 months.
Commodities:
CPO: +50 +1.78% 2919
* Palm oil extends recent gains, up almost 2% on weak ringgit. The rise in soybean oil also contributing.
For stock ideas and market flows, access Market Insight on Maybank Investment Bank http://bit.ly/1dsTxV9 and Maybank KE Trade SG mobile apps https://appsto.re/us/OY-Kw.i.
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Stay Ahead, Trade Smart
[11/22, 8:35 AM] Rosdi maybank: KLSE StockAlliance:
22/11/2016 Stock Picks
1. PRLEXUS / KIMLUN / TECGUAN
2. INNO / HIL / IREKA
3. AEGB / PASDEC / WOODLAN
4. Follow us 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.
[11/22, 9:29 AM] Rosdi maybank: UOBKH Retail Market Monitor 22 November 2016
FBMKLCI 1,627.28 (+3.48,+0.21%)
Support: 1,612, 1,600
Resistance: 1,665, 1,680
The index rose yesterday as index-linked counters rebounded strongly.
Top Gainers: Hong Leong Financial Group (+2.7%), Genting Malaysia
(+2.2%) and Astro Malaysia Holdings (+1.9%)
Top Losers: RHB Bank (-2.1%), YTL Corporation (-1.3%) and Petronas
Dagangan (-1.0%)
US stocks closed higher on Monday on the back of rising oil prices and
a pullback in the dollar, giving the three major US indices their third simultaneous all-time closing highs this year. Stocks got a lift from energy stocks as oil prices jumped. Investors are hoping that
OPEC countries will soon finalise a deal that would cut oil production and help support prices. Gold for December delivery was up 0.4%, or US$4.70, to US$1213.40 a troy ounce. Rising stocks outnumbered
declining ones on the NYSE by 2,314 to 857 and 80 ended unchanged.
Stocks to watch:
1) VISDYNAMICS HOLDINGS; Technical Buy with +31.4% potential return
*Last: RM0.245 Target: RM0.295, RM0.335 Stop: RM0.210
*Timeframe: 2 weeks to 2 months
2) OCEANCASH PACIFIC; Technical BUY with +20.7% potential return
*Last: RM0.410 Target: RM0.470, RM0.495 Stop: RM0.370
*Timeframe: 2 weeks to 2 months
3) PROLEXUS; Technical BUY with +15.7% potential return
*Last: RM1.66 Target: RM1.84, RM1.92, Stop: RM1.52
*Timeframe: 2 weeks to 2 months
[11/22, 9:31 AM] Rosdi maybank: Good morning. Despite the weak Ringgit, the FBMKLCI ended Monday on a positive tone, gaining 3.48 points or 0.21%. Today, the local benchmark barometer is likely to be sluggish as we believe that the overnight rebound in oil prices might be offset by the recent hawkish remark from the US President-elect Donald Trump, who said he would withdraw the US from a Trans-Pacific Partnership trade deal on his first day in office on the 20th Jan 2017. We also caution that the oil prices would likely to be choppy ahead of the OPEC meeting on the 30th Nov. Hence, traders are advised to trade cautiously on the oil & gas related counters. Resistance: 1,652 & 1,667. Support: 1,611 & 1,600.
*Trading Stocks today:*
Malaysia:
*A-Rank (7214)* (RM0.93): Buy
Target: RM1.08
Cut loss: RM0.85
*Salutica (0183)* (RM1.36): Buy
Target: RM1.74
Cut loss: RM1.25
Singapore:
*Jumbo Group* (S$0.655): Buy
Target: S$0.73
Cut loss: S$0.59
*United Engineers* (S$2.75): Sell
Target: S$2.41
Stop loss: S$2.78
Hong Kong:
*Dynamic Holdings* (HK$5.00): Buy
Target: HK$5.80-5.85
Cut loss: HK$4.68
*KuangChi Science* (HK$2.92): Buy
Target: HK$3.45-3.55
Cut loss: HK$4.73
*Fundamental Report(s):*
*Economic Update* – Ringgit lashed by volatility
*WCT Holdings* – No breakout in infra margins, for now (Maintained Add with a tp of RM2.16)
*Star Media Group Bhd* – Waiting to shine (Maintained Add with a tp of RM2.70)
*AMMB Holdings* – Another qoq earnings recovery in 2QFY17 (Maintained Add with a higher tp of RM5.00)
*QL Resources* – Improved livestock performance in 2QFY17 (Maintained Hold with a lower tp of RM4.27)
*Malakoff Corporation* – Dimmer earnings outlook (Maintained Hold with a lower tp of RM1.41)
*Pharmaniaga Bhd* – Sore 9M16 (Maintained Reduce with a tp of RM5.00)
*MSM Malaysia Holdings* – A perfect storm (Downgrade Reduce with a lower tp of RM3.50)
*Signature International* – Awaiting a sign (Maintained Add with a lower tp of RM1.30)
*22nd Nov 2016*
[11/22, 12:35 PM] Rosdi maybank: *M+ Online Morning Buzz – 22Nov16*
*Dow Jones: 18,956.69 pts (+88.76pts, +0.47%)*
U.S. stockmarkets advanced overnight as the Dow notched a record closing, lifted by gains in crude oil prices. The Dow could head towards the 19,000 level.
*FBM KLCI: 1,627.28 pts (+3.48pts, +0.21%)*
The FBM KLCI halted a three-consecutive winning streak as buying interest was distinct among selective banking heavyweights. The immediate support level is located around the 1,610 level.
*Crude Palm Oil: RM2,919 (+RM50, +1.74%)*
Crude palm oil prices rebounded, tracking the gains in soybean oil coupled with the persistent weakness in Ringgit. The RM3,000 level will serve as the immediate resistance level.
*WTI Crude Oil: $48.24 (+$2.79, +6.11%)*
Crude oil prices extended its gains on optimism over OPEC production cut deal. Crude oil prices might head towards the US$50 level.
*Gold: $1,214.23 (+$6.34, +0.52%)*
Gold prices rebounded from around the US$1,200 level after the US Dollar retreated. The US$1,200 level will serve as the immediate support level.
*Economic Releases:*
US – October Existing Home Sales – 22Nov16, 11.00PM
*Bursa Malaysia Trade Statistics – 21Nov16*
Institutions: *Net SELL* 17.8 mln (54.4%)
Retail: *Net BUY* 16.5 mln (17.6%)
Foreign: *Net BUY* 1.3 mln (28.0%)
*Potential Momentum Stocks – 22Nov16*
*Stock Name: OCNCASH (0049)*
Entry: Buy above RM0.40
Target: RM0.43 (7.5%), RM0.47 (17.5%)
Stop: RM0.385 (-3.8%)
Shariah: Yes
Technical: Short-term consolidation breakout
*Stock Name: MKH (6114)*
Entry: Buy above RM2.790
Target: RM3.00 (7.5%), RM3.17 (13.6%)
Stop: RM2.67 (-4.3%)
Shariah: Yes
Technical: Short-term consolidation breakout
_*Source: Bloomberg, M+ Online*_
+++++++====
Logic Trading Analysis Channel, [21.11.16 23:12]
BURSA MALAYSIA MARKET IDEAS SELLING (22/11/2016):
FBMKLCI FOREIGN FUND STOP SELLING ?
Dear All,
The FBMKLCI closed higher at +3.48 point or +0.21% to close at 1627.28.
FBMKLCI yesterday stop falling since foreign fund stop selling, hopefully foreign fund will continue stop selling, then our market will at least stable a bit.
DJIA still sideways at peak, high chance to break 19000, if fail and watefall down, then will be pretty damage to all market. Since whole world slightly little positive, hopefully this can roll into more positive then will be great.
Yesterday a lot company posting result, not much exciting. Hopefully coming few day will see more company posting better result.
Trade carefully !
Welcome to our live channel :
https://telegram.me/ltachannel !
There are so many beautiful reasons to be happy this Tuesday!
“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis
+++++++++++++=
TradetheHotstocks, [22.11.16 06:51]
Market News Roundup
1⃣ KLK plans to acquire a bigger stake in PT Perindustrian Sawit Synergi, a downstream palm oil producer in Indonesia, by upping its stake in JV from 63% to 75%.
2⃣ MQ TECH, which is planning to diversify into the theme park business, saw its renounceable rights issue with free warrants under-subscribed by 34.22%.
3⃣ PERISAI said it has within 60 days from Nov 10 to submit a proposed debt restructuring scheme to the Corporate Debt Restructuring Committee.
4⃣ FAJAR is buying a piece of freehold land measuring 676 sq meter within the central business district of Melbourne, Australia, for RM84.15m cash.
5⃣ MKH is teaming up with PR1MA Corp Malaysia to jointly develop a piece of freehold land measuring 33,280 square metres (8.22 acres) in Kajang into a mixed project with GDV of RM464m.
6⃣ RHB is eyeing the top 3 spot in the Islamic banking space for its syariah complaint unit, with a 3-year aim to rapidly boost its profits and asset size.
Financial Result Highlight
WCT’s net profit plunged 72.1% to RM23.97m (1.92 sen/share) for 3QFY16 mainly due to high unrealised forex gain in 3QFY15.
Higher raw material costs and a weaker ringgit have eroded MSM’s profitability by 63.5% in 3QFY16.
PHARMANIAGA’s net profit fell 34.6% to RM13.06m (5.04 sen/share) in 3QFY16 on lower revenue. The group declared a 3rd interim dividend of RM0.04 per share.
EPF’s investment income surged 29.21% to RM12.32b in 3QFY16.
MALTON’s net profit in 1QFY17 rose 44.4% y-o-y to RM6.26m, mainly on higher revenue from its property development division.
Sources: theedgemarkets.com ; thestar.com
++++++++++++++++++++==
TradetheHotstocks, [22.11.16 06:57]
22nd November, 2016 Overnight Markets Roundup
US MARKET
DJIA : 18,956.69 (+88.76)
S&P500 : 2,198.18 (+16.28)
NASDAQ : 5,368.86 (+47.35)
VIX : 12.34 (-0.51)
All 3 major US stock indexes finished at record highs, extending the market’s post-election rally as energy and other commodity-related shares gained and Facebook led a jump in technology.
EUROPE/UK MARKET
FTSE : 6,777.96 (+2.19)
DAX : 10,684.25 (+19.69)
CAC 40 : 4,531.50 (+27.15)
A rally in commodity producers helped European equities erase declines, sending the shares for their longest streak of intraday fluctuations in more than 3 years.
CHINA/HK MARKET
SHANGHAI : 3,218.21 (+25.35)
HSI : 22,357.78 (+13.57)
Chinese stocks rose in HK & Shanghai as insurers gained with construction firms amid speculation the outlook for earnings is improving.
JAPAN MARKET
Nikkei : 18,106.02 (+138.61)
Nikkei rose, gaining for 4th day after a further weakening in the yen boosted overall sentiment, while mining stocks staged a rally thanks to rising oil prices.
M’SIA MARKET
KLCI : 1,627.28 (+3.48)
KLCI settled 0.21% higher on bargain hunting activities after having languished in the red for 3 days last week.
⬆️365⬇️409↔️343
OIL
WTI : 48.27
Brent : 48.95
Oil climbed as Iran signaled optimism that OPEC will agree to a supply-cut deal and Iraq said it will make new proposals to help bolster unity before next week’s meeting in Vienna.
GOLD
GOLD : 1,212.90
Gold rebounding from 5-1/2 month lows as the dollar shed some of the hefty gains made the previous week on bets that US president-elect Donald Trump’s plans for fiscal stimulus would prove inflationary.
FX & BONDS
USD/MYR : 4.4165
EUR/MYR : 4.6939
GBP/MYR : 5.5165
AUD/MYR : 3.2532
HKD/MYR : 0.5694
SGD/MYR : 3.1013
USD/JPY : 110.89
Msia 10 yr Bond Yield : 4.385%
US 10 yr Bond Yield : 2.323%
21/11 BURSA TRADE STAT
Retail (17.6%) – net BUY RM16.47M
Institution (54.4%) – net SELL RM17.77M
Foreign (28.0%) – net BUY RM1.30M
Total traded value RM1.381B
By SARA H’NG/ALAN TAN
Sources: investing.com, cnbc.com, reuters.com, bloomberg.com, barrons.com, klsescreener.com, theedgemarkets.com & thestar.com
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