Corporate news:

Felda Global Ventures Holdings Bhd (FGV), which is expecting to end financial year 2016 (FY16) in the red after its third-quarter net loss widened, said it would rationalise its operations, which could lead to financial impairments and losses. (Financial Daily)

Brahmal Vasudevan, the founder and chief executive officer of private equity firm Creador Sdn Bhd, has emerged as a substantial shareholder of information and communications technology training and certification provider Prestariang Bhd. According to a filing with Bursa Malaysia, Brahmal acquired 24.5m shares or a 5.076% direct stake in Prestariang on Monday. (Financial Daily)

The Education Ministry denied allegations by several parties that the 1BestariNet project, which was implemented by a YTL Power’s subsidiary, was a failure. Its Minister Datuk Seri Mahdzir Khalid said the execution of the project in most schools was delayed based on the contract schedule as the issue of construction approval involved many local authorities. (Bernama)

Natural rubber glove maker Top Glove Corporation Bhd will continue to expand its research and development (R & D) to further improve the quality of its products and productivity. (Starbiz)

Loss-making Yen Global Bhd, in which Green Packet Bhd bought a 22% stake this year, is proposing a rights issue of up to 275m shares with an indicative issue price of 20 sen per share, which could raise up to RM55m. (Financial Daily)

E.A. Technique Bhd (Eatech) has entered into conditional sale and purchase agreement with MTC Engineering Sdn Bhd to acquire topside equipment currently attached to Eatech’s vessel for US$24m (RM106.4m). (Starbiz)

Supermax Corp Bhd expects its profit margin for financial year ending 30 June 2017 to rise by between 9% and 11%, given the growing demand for rubber gloves, consumption of contact lenses and through distribution of products. (Starbiz)

Signature International Bhd has signed a memorandum of understanding (MoU) with Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) for the provision of financing facilities to customers who are interested in buying kitchen equipment and appliances. (Financial Daily)

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

BursaKakis Channel , [23.11.16 09:36]
23Nov16

Dow Jones: 19,023.87 pts (+67.18pts, +0.35%)
Wall Street extended their gains as the Dow topped the 19,000 psychological level for the first time, owing to the better-than-expected housing data coupled with the rally in metal shares.

FBM KLCI: 1,629.32 pts (+2.04pts, +0.13%)
The FBM KLCI closed higher for the second straight session after foreign funds selling pressure were seen easing. The immediate resistance level is located around the 1,645 level.

Crude Palm Oil: RM2,928 (+RM9, +0.31%)
Crude palm oil prices edged higher, as the weakness in Ringgit spurred the demand. The RM3,000 level will serve as the immediate resistance level.

WTI Crude Oil: $48.03 (+$0.60, +1.26%)
Crude oil prices rose for the third straight session ahead of the OPEC meeting next week. Crude oil prices might head towards the US$50 level.

Gold: $1,212.32 (-$1.91, -0.16%)
Gold prices retreated ahead of the US Fed minutes meeting which could signal an interest rate hike next month. The US$1,200 level will serve as the immediate support level.

Economic Releases:
MY – Malaysia’s Interest Rate Decision – 23Nov16, 3.00PM
US – US’ October Durable Goods Orders – 23Nov16, 9.30PM
US – US’ New Home Sales – 23Nov16, 11.00PM

Bursa Malaysia Trade Statistics – 22Nov16
Institutions:  Net BUY 72.8 mln (56.4%)
Retail:  Net BUY 19.2 mln (14.8%)
Foreign:  Net SELL 92.0 mln (28.8%)

Potential Momentum Stocks – 23Nov16
Stock Name: PRESTAR (9873)
Entry: Buy above RM0.625
Target: RM0.685 (9.6%), RM0.75 (20.0%)
Stop: RM0.585 (-6.4%)
Shariah: Yes
Technical: Symmetrical triangle breakout

Stock Name: RSAWIT (5113)
Entry: Buy above RM0.535
Target: RM0.585 (9.3%), RM0.61 (14.0%)
Stop: RM0.505 (-5.6%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

++++++++++++++
Uob Kay Hian Daily Top Pick, 23 Nov 2016

Raya, 0080
Close, 0.20
Breakout, 0.21
Buy TP, 0.27, 0.295
Support, 0.17
SL, 0.165

Time Frame, 2 Weeks to 2 Months

Dayang, 5141
Close, 0.91
Breakout, 0.92
Buy, TP, 1.11, 1.21
Support, 0.79
SL, 0.785
Time frame 2 weeks to 2 months

Bstead, 2771
Close, 2.17
Breakout, 2.21
Buy TP, 2.44, 2.59
Support, 2.09
SL, 2.08
Time frame, 2 weeks to 3 months

Thanks

++++++++++++=

Maybank Kim Eng Daily Kopi (22 November 2016)
Dow    19023.87    0.35%
S&P    2202.94    0.22%
Nasdaq    5386.35    0.33%
VIX    12.41    -0.08%
Nikkei    18162.94    0.31%
KOSPI    1983.47    0.89%
SSE    3248.35    0.94%
TWSE    9133.39    1.02%
HSI    22678.07    1.43%
STI    2822.2    0.20%
KLCI    1629.32    0.13%
USD/MYR    4.4210    -0.03%
EUR/MYR    4.709    -0.05%
GBP/MYR    5.5229    -1.20%
AUD/MYR    3.2746    -0.68%
SGD/MYR    3.1108    -0.26%
JPY/MYR    3.981    0.20%

(+/- chg refers to MYR relative perf)

Top U.S.Market News:
o    US stocks keep going; Major indexes top milestones: Dow ends above 19,000 for first time ever, S&P ends above 2,200
o    Investors keep pouring into riskier assets on speculation growth will accelerate.
o    Dow, S&P 500, Nasdaq, and Russell 2000 all end at records for second straight day. Telecom and consumer discretionary the strongest sectors of the day
o    Russell 2000 up 13 days in a row – the longest streak since February 1996.
o    European markets marched higher, helped by mining stocks and financials
o    Mitt Romney now seen as the leading candidate for State Secretary under President Trump – press

Stock News
o    Gains were broad-based, with nine of the 11 main S&P sectors ending higher, led by consumer discretionary (+1.2%) and industrials (+0.5%); only health care (-1.4%) and energy (flat) finished out of the green, as WTI crude finished 0.4% lower at $48.07/bbl.
o    Steel names U.S. Steel (X +11.4%), AK Steel (AKS +10.7%), Steel Dynamics (STLD +4.1%), Nucor (NUE +4.4%) and Commercial Metals (CMC +4.7%) all surge to 52-week highs.
o    Three days before the busiest shopping day of the year, companies tracked by the Standard & Poor’s 1500 Retail Index surged 1.7% to an all-time high
o    Vale (VALE) +7% following news that Indonesia will cut the royalty charged on sales of processed and refined nickel to 2% from 4%, a step the government hopes will encourage more miners to develop smelters.
o    Analog Devices (ADI) shares jump 4.5% after beating est’s; FQ4 EPS of $1.05 beats by $0.16. Revenue of $1B (+2.2% Y/Y) beats by $57.42M.
o    Disney (DIS) To embark on multi-year $1.4B expansion of theme park in Hong Kong
o    HP (HPQ): FQ4 EPS of $0.36 in-line. Revenue of $12.5B (+1.9% Y/Y) beats by $620M.

Notable ADR News:
o    Vipshop (VIPS -14.5%) shares get pummeled after revenue miss due to lower than expected active users growth. Shares were under pressure but selling accelerated on strong volume this afternoon.
o    MACAU: Macau 3Q GDP rises 4% YoY- First Q expansion in 2 years
-3 Crown Resorts employees formally arrested (moved from detained status)
-Jewelry retailer proxy from Macau consumer Chow Tai Fook report 7-8 store closures in Macau/China
-Macau/HK SSS drop 26% YoY
-MGM China underperformed, gave back some of the 7% gain yesterday on CS upgrade
o    Cognizant (CTSH -3.6%) BofAML cuts CTSH to Underperform from Buy, PT: $48  from $66- citing risk on US immigration reform and slower growth makes firm cautious near-term
o    SINA  shares +10%; 3Q Adj. EPS Beats Est. PT lowered to $121 from $123 at JPMorgan, maintains Overweight rating
o    Weibo (WB) jumps 7% after Q3 results beat estimates and guided Q4 net rev higher. JPMorgan making positive comments; Reiterates Overweight rating, PT raised to $74 from $70 – Firm believes Weibo will continue to capture advertisers budget allocation in the next couple of years
o    YY Price Target lowered to $60 from $67 at JPMorgan, maintains Overweight rating- citing music business slowdown
o    58.com (WUBA) Tencent reports 26% stake, down from 28.2%

* VIX: -0.08% to 12.41

* Volume 7.2B, 3% above the 3-month daily avg

* Treasury curve steepened modestly today after plunging for 10 days. The two-year yield finishing flat at 1.08% while the yield on the 10-year note slipped a basis point to 2.31%.

30-year -0.12%. 10-yr +0.02%. 5-yr +0.01%.

European Equity Highlights
STOXX 600 +0.23% 341.02
DAX +0.27% 10713.85
FTSE +0.62% 6819.72
CAC +0.41% 4548.35

* European markets marched higher, helped by mining stocks and financials

Forex
DXY 0.00% 101.05
Euro -0.06% vs. dollar. Yen +0.22%. Pound +0.61%.

*The DXY Index which had rallied for 10 consecutive sessions through Monday, ended basically unchanged today.

* MYR: ringgit was fractionally lower after reversing sharper losses earlier. MYR had dropped to 4.44, the lowest since September 2015. USD rally seems to be running out of steam ahead of US holiday weekend. MYR has lost nearly 5% since Nov 9 following the US elections and after the central bank clamped down on offshore ringgit trading.

Commodities:
CPO: +9 +0.10% 2928

* Palm oil extends gains, tracking stronger soy oil. Futures +18% YTD

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.
++++++++++++++++++=

investment consultant:
Bursa Malaysia Stocks

Wednesday 23/11/2016

Latest Currency exchange is RM4.40

Dear investors and traders, Hot STOCK PICKS FOR TOMORROW !!

Based on Emico result sentiment , here are the stocks recommendation :

1) Johotin  – Excellent result , 1st TP  RM1.5 , just join the party, every selling to bids is an opportunity for you to enter. Whoever has johotin shares, can try average up.

2) Biohldg – Good result but difficult to trade, try to trade at break up point.

3) Priva – slightly above average result, less popular stock, trade only if you are confident with it.
4)inno- result very good but already up so much,  recommended by other people group,  sell on news or jump in,  its up to you.

Other than these three, there is nothing special about other companies result.
+++++++++++++++++

Dzulhilman M+ WM PR Traders:
Salam and Morning All

MACRO : Wall Street’s three main stock indexes hit record highs for a second straight day on Tuesday before trimming gains, while European shares also rose on expectations that markets would benefit from U.S. President-elect Donald Trump’s policies (investing. com).

MICRO : Market closed on positive notes yesterday. First session started off sluggish and ended active towards closing of the market. BNM intervene Ringgit from falling further. The next question would be how long and how strong can BNM protect Ringgit? Technically Ringgit has reached end of wave 5 of EW and should strenghtens from here onwards.

WHAT TO EXPECT? : We are not out of the woods yet. Selected counters shall be in play but generally market is cautious. Short term trading is ok as quater reports are coming in.  Metal counters particularly has been maintaining support despite though market scene which makes them interesting to be in trading list.

Below are my Watch List for SWING counters (23/11/2016)

PRESTAR
EP : ABOVE 0.640
SL : BELOW 0.620
TP :  0.680/0.725

PECCA
EP : ABOVE 1.800
SL : BELOW 1.750
TP :  2.070

Happy trading.
=========================================================
# Interested to become a Remisier with MPlus? Come and talk to us now!!
#FYI we have 3 types of buycalls:
1 – SWING : Given every early morning such as above.
2 – CONTRA : Given in VIP Group before closing of market.
3 – INTRADAY : Live buy call during market operation in VIP Group.
#tepukdadatanyaselera

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

TradetheHotstocks, [23.11.16 07:06]
Market News Roundup

1⃣ Brahmal Vasudevan, the founder and CEO of private equity firm Creador SB, has emerged as a substantial shareholder of ICT training and certification provider PRESTARIANG.

2⃣ Loss-making YEN, in which GPACKET bought a 22% stake this year, is proposing a rights issue of up to 275m shares with an indicative issue price of 20sen per share, which could raise up to RM55m.

Financial Result Highlight

FGV saw its net loss widen to RM94.87m (2.6 sen/share) in 3QFY16, largely due to lower CPO production, higher raw sugar costs as well as lower earnings from downstream segment.

AAX registered its fourth consecutive profit in 3QFY16, with a net profit of RM11.03m. This is mainly due to increase in scheduled flight revenue, growth in ancillary income and rise in aircraft operating lease income.

HUAT LAI posted a 244% surge in net profit to RM45.2m (57.89 sen/share) in 3QFY16, due to higher revenue and stricter cost controls.

IOI PROP’s net profit grew 64.2% to RM189.57m (4.3 sen/share) in 1QFY17, mainly attributed to better revenue from property segments and leisure and hospitality segment.

JOHOTIN’s net profit more than tripled to RM10.79m (7.85 sen/share) in 3QFY16 due to higher sales, lower material costs and forex gain on financial settlement.

SALCON slipped into the red with a net loss of RM755k (0.11 sen/share) in 3QFY16, its quarterly performance was dragged by its other income.

DIALOG’s net profit climbed 35% y-o-y to RM81.33m in 1QFY17, on higher contribution from its JV, particularly the Pengerang Independent Terminals which has fully leased out its storage capacity.

Sources: theedgemarkets.com ; thestar.com

TradetheHotstocks, [23.11.16 07:08]
23rd November,2016 Overnight Markets Roundup

US MARKET
DJIA : 19,023.87 (+67.18)
S&P500 : 2,202.94 (+4.76)
NASDAQ : 5,386.35 (+17.49)
VIX : 12.41 (-0.01)
US stocks extended all-time highs, with the Dow topping 19,000 for the first time and small caps clocking the longest rally in 20 years, as investors poured into riskier assets on speculation growth will accelerate.

EUROPE/UK MARKET
FTSE : 6,819.72 (+41.76)
DAX : 10,713.85 (+28.72)
CAC 40 : 4,548.35 (+18.77)
Gains in miners pushed European equities to their highest levels in almost a month, mitigating a drag from drugmakers.

CHINA/HK MARKET
SHANGHAI : 3,249.58 (+31.43)
HSI : 22,678.07 (+320.29)
China stocks advanced, helped by a strong rally in blue-chips, in particular financial and energy shares, after US exchanges rose.

JAPAN MARKET
Nikkei : 18,162.94 (+56.92)
Japanese stocks extended their winning streak as a rally in oil companies overshadowed concerns following a magnitude 7.4 earthquake off the coast of Fukushima.

M’SIA MARKET
KLCI : 1,629.32 (+2.04)
KLCI climbed 0.1% as foreign investors turned into net buyers of Malaysian shares. Crude oil gains also contributed to the KLCI’s rise.
⬆️344⬇️410↔️366
By SARA H’NG/ALANTAN

OIL
WTI : 47.91
Brent : 49.12
Oil closed near $48 a barrel in New York after an OPEC committee failed to agree on Iranian and Iraqi production levels.

GOLD
GOLD : 1,211.50
Investors cut holdings in gold exchange-traded products, amid speculation that the Federal Reserve will raise US interest rates next month.

FX & BONDS
USD/MYR : 4.4200
EUR/MYR : 4.6971
GBP/MYR : 5.4900
AUD/MYR : 3.2721
HKD/MYR : 0.5699
SGD/MYR : 3.1027
USD/JPY : 111.10
Msia 10 yr Bond Yield : 4.339%
US 10 yr Bond Yield : 2.314%

22/11 BURSA TRADE STAT
Retail (14.8%) – net BUY RM19.14M
Institution (56.4%) – net BUY RM72.87M
Foreign (28.8%) – net SELL RM92.01M
Total traded value RM1.811B
By SARA H’NG/ALAN TAN

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

TradetheHotstocks, [23.11.16 07:10]
[ Photo ]

+++++++++++++++=

BKs Technical Ideas 23/11/2016

1) Mmsv
2) IJacobs
3) Krono
4) Vis (Ideas @ RM0.235 on 20/11/16)

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.

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

Logic Trading Analysis Channel, [22.11.16 21:00]
BURSA MALAYSIA MARKET IDEAS (23/11/2016):

FBMKLCI FAIL TO EXCITED WITH WORLD BULL

Dear All,

The FBMKLCI closed higher at +2.04 point or +0.13% to close at 1629.32.

FBMKLCI remain soft, while whole world rebound trend positive. Do not give up, we may still see some light from the tunnel for today.

DJIA ready to break 19000, Yes, Trump effect is strong, and we need someone like TRUMP in Malaysia in order to make Malaysia Boleh Again !

Yesterday a lot company posting result, not much exciting.

In our Premium Groups, we start to commenting on company’s result, one of the company have been mention potential FIFO yesterday like EMICO doing well.

Hopefully coming few day will see more company posting better result.

Trade carefully !

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

People are blind to reality and only see what they want to see this Wednesday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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