BursaKakis Channel :
Uob Kay Hian Daily Top Pick, 24 Nov 2016

Ghlsys, 0021
Close, 0.83
Breakout, 0.855
Buy TP, 0.985, 1.04
Support, 0.78
SL, 0.775

Time Frame, 2 Weeks to 2 Months

Insas, 3379
Close, 0.72
Breakout, 0.755
Buy, TP, 0.82, 0.875
Support, 0.69
SL, 0.685
Time frame 2 weeks to 2 months

Leonfb, 5232
Close, 0.515
Breakout, 0.525
Buy TP, 0.59, 0.61
Support, 0.48
SL, 0.475
Time frame, 2 weeks to 2 months



[Forwarded from Itchy Itchy Trader Club (J C)]
M+ Online Morning Buzz – 24Nov16

Dow Jones: 19,083.18 pts (+59.31pts, +0.31%)
U.S. stockmarkets crept higher as Dow (+0.3%) closed at a fresh record high, boosted by industrial shares ahead of the Thanksgiving public holiday.

FBM KLCI: 1,630.38 pts (+1.06pts, +0.07%)
The FBM KLCI chalked in marginal gains yesterday, after reversing all its intraday losses on last minute buying support amongst selective plantation heavyweights. The immediate resistance level is located around the 1,645 level.

Crude Palm Oil: RM2,954 (+RM26, +0.89%)
Crude palm oil prices closed higher for the third consecutive session, tracking the gains in soybean oil which the latter saw an increase in biofuel mandate. The RM3,000 level will serve as the immediate resistance level.

WTI Crude Oil: $47.96 (-$0.02, -0.04%)
Crude oil prices closed marginally lower on doubts over the upcoming potential output cut could curb global supply glut. Crude oil prices might head towards the US$50 level.

Gold: $1,188.32 (-$24.00, -1.98%)
Gold prices extended its losses to its lowest level since February 2016 after the latest minutes meeting from the US Federal Reserve signals to an interest rate hike next month. The US$1,150 level will serve as the next support level.

Bursa Malaysia Trade Statistics – 23Nov16
Institutions:  Net BUY 98.8 mln (61.2%)
Retail:  Net BUY 61.5 mln (15.5%)
Foreign:  Net SELL 160.3 mln (23.3%)

Potential Momentum Stocks – 24Nov16
Stock Name: MMCCORP (2194)
Entry: Buy above RM2.45
Target: RM2.66 (8.6%), RM2.80 (14.3%)
Stop: RM2.30 (-6.1%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: GHLSYS (0021)
Entry: Buy above RM0.82
Target: RM0.875 (6.7%), RM0.915 (11.6%)
Stop: RM0.80 (-2.4%)
Shariah: Yes
Technical: Short- term consolidation breakout

Source: Bloomberg, M+ Online


TradetheHotstocks, [24.11.16 06:58]

Malakoff, Bumi Armada, Ekovest, MMC Corp, AppAsia, Mercury Industries, Titijaya, MBM Resources, Parkson and Genting Plantations | The Edge Markets

Market News Roundup

1⃣ TITIJAYA plans to enter the affordable housing segment with a proposed development worth RM2.4b in GDV in Bukit Raja, Selangor, in 2Q of 2017.

2⃣ EKOVEST said it is close to securing approximately RM400m more construction contracts for FY2017, which will boost its order book to over RM7b.

3⃣ APPASIA’s unit, EISB, has been appointed as Alibaba Cloud’s non-exclusive reseller to drive the sale of certain cloud and computing and technology products and services for the latter.

4⃣ MERCURY is exiting the auto refinish business due to increasing challenges in the segment from the slowing domestic economy, uncertainties in the global economies and the weaker RM.

5⃣ MALAKOFF has launched arbitration proceedings against Japan’s Sumitomo Corp, Zelan Hldgs SB & Sumi-Power Msia SB seeking RM785m for breach of contract.

Financial Result Highlight

ARMADA reported 3Q net loss of RM96.71m versus a net profit of RM70m a year earlier as the O&G support services provider registered lower revenue.

MMC CORP’s net profit climbed 121% to RM105.89m in 3QFY16, mainly due to the consolidation of NCB’s earnings and a one-off land sale gain.

Favourable market response to Perodua’s Bezza lifted MBMR’s net profit for 3QFY16, which grew 147% to RM21.3m.

PARKSON posted its 4th straight quarterly loss in 1QFY17 amid weak consumer sentiment, with a net loss of RM62.57m (5.93 sen loss/share).

GENP’s net profit for 3QFY16 climbed 160% y-o-y to RM97.78m, as it saw stronger palm product selling prices.

Sources: theedgemarkets.com ; thestar.com

TradetheHotstocks, [24.11.16 07:00]
24th November,2016 Overnight Markets Roundup

DJIA : 19,083.18 (+59.31)
S&P500 : 2,204.72 (+1.78)
NASDAQ : 5,380.68 (-5.67)
VIX : 12.43 (+0.02)
Dow and S&P 500 eked out record high ahead of the Thanksgiving holiday, helped by gains in industrial stocks, though losses in technology shares limited the advance and weighed on the Nasdaq.
US two-year Treasury yields and the dollar hit multi-year peaks after upbeat US economic data reinforced expectations for interest rate hikes.

FTSE : 6,817.71 (-2.01)
DAX : 10,662.44 (-51.41)
CAC 40 : 4,529.21 (-19.14)
European shares steadied, with basic resources companies underpinning the broader market following a rise in metals prices.

SHANGHAI : 3,241.47 (-6.88)
HSI : 22,676.69 (-1.38)
China stocks consolidating recent gains with lower-valuation targets in banking and properties sectors still preferred by investors.
HK shares held steady, helped by Chinese money flowing into the city as the yuan weakened further.

Nikkei : Closed

KLCI : 1,630.38 (+1.06)
KLCI rose 0.1% on plantation share gains amid a weakening ringgit. Bank Negara Malaysia’s decision to maintain the OPR at 3% was also seen supporting the KLCI.

WTI : 47.95
Brent : 48.95
Oil prices cut early losses after Iraq said it was willing to “shoulder responsibility” for some of OPEC’s planned production cuts and as US government data showed crude inventories fell last week.

GOLD : 1,187.50
Gold slid to 9-mth low as a buoyant dollar extended its rally on the back of strong US data that further cemented a case for increasing interest rates next month.

USD/MYR : 4.4000
EUR/MYR : 4.6438
GBP/MYR : 5.4726
AUD/MYR : 3.2480
HKD/MYR : 0.5673
SGD/MYR : 3.0710
USD/JPY : 112.53
Msia 10 yr Bond Yield : 4.307%
US 10 yr Bond Yield : 2.355%

Retail (15.5%) – net BUY RM61.56M
Institution (61.2%) – net BUY RM98.83M
Foreign (23.3%) – net SELL RM160.39M
Total traded value RM1.825B

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


BursaKakis Channel , [23.11.16 19:32]
BKs Technical Ideas 24/11/2016

1) Nylex
2) Dufu
3) Mmsv

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, [23.11.16 19:46]


Dear All,

The FBMKLCI closed higher at +1.06 point or +0.07% to close at 1630.38.

FBMKLCI sideways at bottom have some support but overall stock remain very weak and lack of buying demand.

DJIA break 19000, possible to correction down anytime, if correction, hopefully not impact to our market too much.

Market move terribly, only can wait patiently and take time to study all the results to see which will be potential stock in coming days.

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

Trade carefully !

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

Greed does not rest until it is satisfied and greed is never satisfied this Thursday! !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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