[12/1, 6:29 AM] Rosdi maybank: Reuters- U.S. stocks ended with big gains for November on Wednesday thanks to a sharp post-election rally, but the S&P 500 finished the day flat as drops in utilities and technology offset energy’s surge.

Energy shares jumped with oil prices after OPEC agreed to cut production. U.S. oil prices rose 9.3 percent, while the S&P energy index jumped 4.8 percent.

Bank shares also jumped after comments by Steven Mnuchin, President-elect Donald Trump’s pick for U.S. Treasury secretary, told CNBC that tax reforms and trade pact overhauls would be top priorities of the new administration. Bank of America gained 4.5 percent.

But top dividend payers likes utilities and telecommunications companies, whose stocks tend to fall as interest rates rise, declined as bond yields jumped. The S&P utility index was down 3.2 percent, while shares of AT&T fell 2.2 percent.

“This is related to anticipation that if, indeed, energy prices continue to rally … it’s going to benefit the U.S. energy industry, which is a significant part of our economy,” said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.

“That pressures other high-income plays, because as the economy accelerates there’s a greater possibility the Fed might increase their pace of interest rate hikes,” he said. “It could be a reallocation of capital.”

Investor expectations are high that the Federal Reserve will raise rates at its meeting next month.

For the day, the Dow Jones industrial average was up 1.98 points, or 0.01 percent, to 19,123.58, the S&P 500 lost 5.85 points, or 0.27 percent, to 2,198.81 and the Nasdaq Composite dropped 56.24 points, or 1.05 percent, to 5,323.68.
[12/1, 6:51 AM] Rosdi maybank: investment consultant:
Bursa Malaysia Stocks

Thursday 1/12/2016

Latest Currency exchange is RM4.46

Have faith, be patient then grab the best timing to fight back in rebound play

Finally all quarterly results are released, no matter the results are bad or very bad, everything is already happened, at least overnight result risks are gone, you have tried your best move!

We all know market is bad for few months already, many people disappointed to this market, giving up and cashing out from the market. If you are still in the market, able to withstand this bad sentiment market and ignore bad influences, you have survived, things can’t kill you make you stronger!

Rebound play counters are :

OCNCASH support RM0.38, Resistance RM0.40

PENTA support RM1.1, Resistance RM1.35

PESONA Support RM0.52

Dufu Support RM0.65 Resistance RM0.70

KUB wait for stabilize

Mikromb good result , trading opportunities

O&G : oil price big rebound today, monitor skpetro,hibiscus ,knm and etc.. for short rebound

Thplant wait for stabilize then can go further in medium term play!
[12/1, 11:01 AM] Rosdi maybank: Market News Roundup

1⃣ TSH plans to privatise its 67.46%-owned subsidiary EKOWOOD at 40 sen a share to restructure the loss-making unit.

2⃣ SILK has bagged a RM27.8m contract to provide an anchor handling tug supply vessel to support a high-pressure high-temperature jack-up drilling rig.

3⃣ MWE is jointly developing a mixed development estimated to have a GDV of RM1.5b on nine plots of leasehold land in Bukit Raja, Selangor, with a private developer.

4⃣ KUB & MASTEEL have mutually agreed to terminate their JV agreement for the proposed RM1.23b inter-city rail transit system project in Iskandar Malaysia, Johor.

5⃣ MYEG and its MD Wong Thean Soon have been publicly reprimanded by Bursa Malaysia for breaching listing requirements. The regulator fined Wong RM50k.

6⃣ EVERSENDAI achieved a historic RM2.7b order book as at the end of 3QFY16.

Financial Result Highlight

IRIS registered a net loss of RM21.3m for 2QFY17, compared with a net profit of RM4.8m last year, due to a steep drop in gross profit.

KPJ’s net profit dropped by 15% in 3QFY16 to RM32.5m due to higher depreciation and finance costs from newly opened hospitals.

MRCB recorded a surge in its net profit of over 4x to RM29.39m or (1.49 sen/share) in 3QFY16, due to the RM278.5m gain recorded from disposals of the group’s non-core assets in 2015.

Sources: theedgemarkets.com ; thestar.com
[12/1, 11:06 AM] Rosdi maybank: *M+ Online Morning Buzz – 1Dec16*

*Dow Jones: 19,123.58 pts (+1.98pts, +0.01%)*
Wall Street closed mixed overnight as the Dow rose 0.01% but pared most of its intraday gains, while the S&P 500 fell 0.3%, dragged down by telecommunication and utilities shares.

*FBM KLCI: 1,619.12 pts (-7.81pts, -0.48%)*
Selling pressure from foreign funds amongst selective blue chip stocks sent the FBM KLCI to close at its lowest level in two weeks as the key index tanked 3.2% M.o.M in November. The immediate support level is located around the 1,610 level.

*Crude Palm Oil: RM3,073 (+RM23, +0.75%)*
Crude palm oil prices reversed its intraday losses, tracking the strong gains in crude oil prices. The RM3,100 level will serve as the next resistance level.

*WTI Crude Oil: $49.44 (+$4.10, +9.06%)*
Following the 14 members of OPEC decision to collectively trim their output by 1.2 mln barrels per day, crude oil prices surged to one-month high level. Crude oil prices might trend towards the US$50-US$52 levels.

*Gold: $1,173.20 (-$13.66, -1.15%)*
Gold prices extended its losses, dragged down by the stronger US Dollar coupled with rising expectation of US interest rate hike. The US$1,150 level will serve as the immediate support level.

*Economic Releases:*
CN – China’s Manufacturing PMI – 1Dec16, 9.00AM
EU – Eurozone’s Manufacturing PMI – 1Dec16, 5.00PM
US – US’ ISM Manufacturing PMI – 1Dec16, 11.00PM

*Bursa Malaysia Trade Statistics – 30Nov16*
Institutions: *Net BUY* 490.1 mln (41.0%)
Retail: *Net SELL* 2.5 mln (8.7%)
Foreign: *Net SELL* 487.6 mln (50.3%)

*Potential Momentum Stocks – 1Dec16*
*Stock Name: ECOWLD (8206)*
Entry: Buy above RM1.38
Target: RM1.51 (9.4%), RM1.63 (18.1%)
Stop: RM1.30 (-5.8%)
Shariah: Yes
Technical: Monitor for breakout

*Stock Name: AIRASIA (5099)*
Entry: Buy above RM2.730
Target: RM2.89 (5.9%), RM3.08 (12.8%)
Stop: RM2.62 (-4.0%)
Shariah: No
Technical: Flag-formation breakout

_*Source: Bloomberg, M+ Online*_
[12/1, 11:21 AM] Rosdi maybank: Naza:
Naza sharif Channelist:
TRENDSCHANNEL SOLUTIONS:
counter2 yg mungkin boleh di kaji dan akan terdapat teknikal reboun

1.SHH

2.ioipg

3.mahsing

4,pecca

5.melewar

6.ifcams

kemungkinan akan harga akan jatuh sedikit..tapi dalam jangkaan kesemua nya dalam keadaan low risk. but still ada risk…anyway ini hanya teknikal reboun yg di jangka kan..bukan lah satu buy call…kajian lebih terperinci perlu di lakukan terlebih dahulu…wallahualam..semua nya adalah dengan izin ALLAH yang maha mengetahui.

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

Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS THURSDAY (01/12/2016):

FBMKLCI THE RISE OF DECEMBER REVENGE

Dear All,

The FBMKLCI closed lower at -7.81 point or -0.48% to close at 1619.12.

FBMKLCI panic sell down at last day of November but it doesn’t matter cause we expect a bullish rebound revenge in coming December.

DJIA is inside the feel good factor after TRUMP win the Precidency. Am not much worry as long as big sell down.

Talk back to our market, yesterday we get aggressively catching rebound for PESONA, SENDAI, FGV and few other which see strong move and we not like other used to shy away when market is bad. We just waiting best timing to Meletup !

Looking at oil price rebound on possible good news from OPEC, we are already in some position for oil stock ! Oil stock that will move, not those lose making oil stock !

Take what you loss this November back, by follow us closely:

https://telegram.me/ltachannel !

A Compromise is an agreement whereby both parties get what neither of them wanted this Thursday ! !

“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis

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

BursaKakis Channel :
BKs will not be issuing any Technical Ideas for the time being due to the bearish trend of the market. Foreign Funds are selling non-stop and ringgit could weaken further. It’s better to reserve some cash for bargain hunting when the time is right – BKs

Iris, TSH Resources, Affin, BIMB, KPJ, APM, Silk, MWE, KUB, Malaysia Steel Works, My EG, Karyon, Media Chinese International, Eversendai, Cahya Mata, MRCB and UEM Sunrise | The Edge Markets

http://www.theedgemarkets.com/en/article/iris-tsh-resources-affin-bimb-kpj-apm-silk-mwe-kub-malaysia-steel-works-my-eg-karyon-media

M+ Online Morning Buzz – 1Dec16

Dow Jones: 19,123.58 pts (+1.98pts, +0.01%)
Wall Street closed mixed overnight as the Dow rose 0.01% but pared most of its intraday gains, while the S&P 500 fell 0.3%, dragged down by telecommunication and utilities shares.

FBM KLCI: 1,619.12 pts (-7.81pts, -0.48%)
Selling pressure from foreign funds amongst selective blue chip stocks sent the FBM KLCI to close at its lowest level in two weeks as the key index tanked 3.2% M.o.M in November. The immediate support level is located around the 1,610 level.

Crude Palm Oil: RM3,073 (+RM23, +0.75%)
Crude palm oil prices reversed its intraday losses, tracking the strong gains in crude oil prices. The RM3,100 level will serve as the next resistance level.

WTI Crude Oil: $49.44 (+$4.10, +9.06%)
Following the 14 members of OPEC decision to collectively trim their output by 1.2 mln barrels per day, crude oil prices surged to one-month high level. Crude oil prices might trend towards the US$50-US$52 levels.

Gold: $1,173.20 (-$13.66, -1.15%)
Gold prices extended its losses, dragged down by the stronger US Dollar coupled with rising expectation of US interest rate hike. The US$1,150 level will serve as the immediate support level.

Economic Releases:
CN – China’s Manufacturing PMI – 1Dec16, 9.00AM
EU – Eurozone’s Manufacturing PMI – 1Dec16, 5.00PM
US – US’ ISM Manufacturing PMI – 1Dec16, 11.00PM

Bursa Malaysia Trade Statistics – 30Nov16
Institutions: Net BUY 490.1 mln (41.0%)
Retail: Net SELL 2.5 mln (8.7%)
Foreign: Net SELL 487.6 mln (50.3%)

Potential Momentum Stocks – 1Dec16
Stock Name: ECOWLD (8206)
Entry: Buy above RM1.38
Target: RM1.51 (9.4%), RM1.63 (18.1%)
Stop: RM1.30 (-5.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: AIRASIA (5099)
Entry: Buy above RM2.73
Target: RM2.89 (5.9%), RM3.08 (12.8%)
Stop: RM2.62 (-4.0%)
Shariah: No
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

Uob Kay Hian Daily Top Pick, 1 Dec 2016

Btm, 7188
Close, 0.23
Buy TP, 0.275, 0.305
Support, 0.20
SL, 0.195

Time Frame, 2 Weeks to 2 Months

Yongtai, 7066
Close, 1.22
Buy, TP, 1.34, 1.42
Support, 1.15
SL, 1.14
Time frame 2 weeks to 2 months

Amprop, 1007
Close, 0.80
Breakout, 0.805
Buy TP, 0.88, 0.945
Support, 0.75
SL, 0.745
Time frame, 2 weeks to 2 months

Thanks

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

TradetheHotstocks:
Market News Roundup

1⃣ TSH plans to privatise its 67.46%-owned subsidiary EKOWOOD at 40 sen a share to restructure the loss-making unit.

2⃣ SILK has bagged a RM27.8m contract to provide an anchor handling tug supply vessel to support a high-pressure high-temperature jack-up drilling rig.

3⃣ MWE is jointly developing a mixed development estimated to have a GDV of RM1.5b on nine plots of leasehold land in Bukit Raja, Selangor, with a private developer.

4⃣ KUB & MASTEEL have mutually agreed to terminate their JV agreement for the proposed RM1.23b inter-city rail transit system project in Iskandar Malaysia, Johor.

5⃣ MYEG and its MD Wong Thean Soon have been publicly reprimanded by Bursa Malaysia for breaching listing requirements. The regulator fined Wong RM50k.

6⃣ EVERSENDAI achieved a historic RM2.7b order book as at the end of 3QFY16.

Financial Result Highlight

IRIS registered a net loss of RM21.3m for 2QFY17, compared with a net profit of RM4.8m last year, due to a steep drop in gross profit.

KPJ’s net profit dropped by 15% in 3QFY16 to RM32.5m due to higher depreciation and finance costs from newly opened hospitals.

MRCB recorded a surge in its net profit of over 4x to RM29.39m or (1.49 sen/share) in 3QFY16, due to the RM278.5m gain recorded from disposals of the group’s non-core assets in 2015.

Sources: theedgemarkets.com ; thestar.com

1st December,2016 Overnight Markets Roundup

US MARKET
DJIA : 19,123.58 (+1.98)
S&P500 : 2,198.81 (-5.85)
NASDAQ : 5,323.68 (-56.24)
VIX : 13.33 (+0.43)
US stocks ended with big gains for Nov thanks to a sharp post-election rally, but the S&P 500 finished the day flat as drops in utilities and technology offset energy’s surge.

EUROPE/UK MARKET
FTSE : 6,783.79 (+11.79)
DAX : 10,640.30 (+19.81)
CAC 40 : 4,578.34 (+26.88)
European shares hit a 3-week high, with energy stocks racing higher as oil prices jumped after a deal to curb global oversupply.

CHINA/HK MARKET
SHANGHAI : 3,250.59 (-32.34)
HSI : 22,789.77 (+52.70)
China’s blue-chip stock index slid, as raw material stocks tanked after commodity prices were hit by fears of a liquidity squeeze.
HK stocks followed Wall Street higher but gains were limited as investors were reluctant to buy shares ahead of an OPEC meeting and Italy’s referendum result.

JAPAN MARKET
Nikkei : 18,308.48 (+1.44)
Japanese stocks ended nearly flat as most investors stayed on the sidelines ahead of an OPEC meeting later in the day to decide on production cuts and a crucial weekend referendum in Italy.

M’SIA MARKET
KLCI : 1,619.12 (-7.81)
KLCI declined 0.48% as late selling of PetDag & PetGas shares led to a sudden drop in KLCI. The Petronas-linked shares fell as the OPEC deliberate over a potential output cut.
⬆276⬇526↔315

OIL
WTI : 49.01
Brent : 51.48
Oil soared >10% to over $50 a barrel as some of the world’s largest producers agreed to curb production for the first time since 2008 in a bid to support prices.

GOLD
GOLD : 1,174.50
Gold slipped, as strong US economic data buoyed the dollar and further cemented the case for hiking rates in Dec.

FX & BONDS
USD/MYR : 4.4700
EUR/MYR : 4.7357
GBP/MYR : 5.5910
AUD/MYR : 3.3011
HKD/MYR : 0.5763
SGD/MYR : 3.1187
USD/JPY : 114.45
Msia 10 yr Bond Yield : 4.424%
US 10 yr Bond Yield : 2.390%

30/11 BURSA TRADE STAT
Retail (8.7%) – net SELL RM2.50M
Institution (41.0%) – net BUY RM490.05M
Foreign (50.3%) – net SELL RM487.55M
Total traded value RM3.233B
By SARA H’NG/ALAN TAN

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

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

The Bursa Analyst Channel:
1 December 2016 ( THURSDAY):

HOHOHO ! IT IS CHRISTMAS MONTH !! Early X-mas present: Oil and Gas counters !

With OPEC’s Deal going through, I can confirm, Our market will recover, and oil and gas stocks will Rally !

“VIENNA (Reuters) – The Organization of the Petroleum Exporting Countries has agreed its first oil output cuts since 2008, an OPEC source told Reuters on Wednesday.
The source said the agreement was in line with an accord reached in Algiers in September. OPEC member Algeria was proposing to set a new production ceiling at 32.5 million barrels per day, down from current levels of 33.6 million.” (Investing.com, 2016)

OF course, many think that u take a stone and throw at any Oil and Gas Counter, it will go up BUT NO ! you have to pick good FA counters too !

My Favourite few Oil and Gas Counters are (in descending order – Most LOVE to Least LOVE):

1. HIBISCS
2.SKPETROL
3.DNEX
4.WASEONG
5.COASTAL
6.DIALOG
7.DESTINI & THHEAVY ( can look see look see) but trade cautiously
8.PERISAI is forever a SAI COMPANY, SAI means SHIT. DON’T EVER TOUCH THIS COMPANY

LET THE MONEY FLOW THIS THURSDAY !
Follow The Bursa Analyst Channel for potential stockpicks and daily update.

https://telegram.me/TBAChannel

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