BursaKakis Channel :
M+ Online Morning Buzz – 15Dec16

Dow Jones: 19,792.53 pts (-118.68pts, -0.60%)
U.S. stockmarkets retreated from their all-time high levels as the Dow fell 0.6% after the U.S. Federal Reserve raised its interest rate for the second time in nearly a decade and signals a faster-than-expected rate hike in 2017.

FBM KLCI: 1,643.29 pts (-1.99pts, -0.12%)
Profit taking activities sent the FBM KLCI marginally lower ahead of the U.S. Federal Reserve monetary policy meeting. The immediate resistance level is located around the 1,660 level.

Crude Palm Oil: RM3,125 (+RM27, +0.87%)
Crude palm oil prices extended its gains on weaker Ringgit against the US Dollars coupled with weaker-than-expected production. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $51.04 (-$1.94, -3.65%)
Crude oil prices halted its fourth consecutive winning streak after the US Dollars rallied against a basket of currencies. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,142.95 (-$15.59, -1.35%)
Gold prices fell to 10-months low after the U.S. Federal Reserve signals a faster-than-expected rate hike in 2017. The US1,100 will serve as the immediate support level.

Economic Releases:
MY- Malaysia’s Retail Sales – 15Dec16, 12.00PM
UK – Bank of England Interest Rate Decision – 15Dec16, 12.00PM
US – US Inflation Rate – 15Dec16, 9.30PM

Bursa Malaysia Trade Statistics – 14Dec16
Institutions: Net BUY 65.9 mln (59.7%)
Retail: Net BUY 0.8 mln (11.1%)
Foreign: Net SELL 66.7 mln (29.2%)

Potential Momentum Stocks – 15Dec16
Stock Name: FRONTKN (0128)
Entry: Buy above RM0.170
Target: RM0.195 (14.7%), RM0.205 (20.6%)
Stop: RM0.15 (-11.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SYSTECH (0050)
Entry: Buy above RM0.205
Target: RM0.23 (12.2%), RM0.265 (29.3%)
Stop: RM0.19 (-7.3%)
Shariah: Yes
Technical: Symmetrical triangle breakout

Source: Bloomberg, M+ Online


TradetheHotstocks, [15.12.16 07:24]
Market News Roundup

1⃣ Bermaz Auto (BAUTO) Philipines Inc, has filed an application with the regulator to list on the Main Board of the Philippine Stock Exchange.

2⃣ POS & Etiqa Takaful have teamed up to offer Pos Khairat Takaful. POS expects revenue of between 10%-15% next year from the partnership, from premiums worth RM10m.

3⃣ MAYBANK has established a Sukuk Programme with a nominal value of up to RM10b to fund its Islamic subsidiaries’ business activities, overseas branches, and any other syariah-compliant business activities of the group.

4⃣ DESTINI has secured a 3-year contract extension to provide maintenance and supply services of safety and survival equipment for the Royal Malaysian Air Force worth RM98.2m.

5⃣ F&N said its new PET bottling manufacturing line at its plant in Shah Alam, worth RM45m, should raise its bottle production by 40% or 8m cases annually.

6⃣ DOLPHIN is planning to expand its business in the renewable energy segment for additional income stream via JV with palm oil miller player, SULPOM.

7⃣ HK-based businessman Gary How Soong Khong has quit his position as MD of LUSTER, just 6 months after he was appointed to the post.

Sources: theedgemarkets.com ; thestar.com

TradetheHotstocks, [15.12.16 07:26]
15th December,2016 Overnight Markets Roundup

DJIA : 19,792.53 (-118.68)
S&P500 : 2,253.28 (-18.44)
NASDAQ : 5,436.67 (-27.16)
VIX : 13.19 (+0.47)
US stocks fell after the Federal Reserve raised interest rates by a quarter point and signaled hikes could come next year at a faster pace than some expected.

FTSE : 6,949.19 (-19.38)
DAX : 11,244.84 (-39.81)
CAC 40 : 4,769.24 (-34.63)
European shares fell, with Switzerland’s Actelion slumping after US healthcare company Johnson & Johnson ended discussions over a potential deal with Europe’s largest biotech firm.

SHANGHAI : 3,140.80 (-14.23)
HSI : 22,456.62 (+9.92)
China stocks closed lows, after regulators pledged to restrict risky investments by insurers.
HK stocks were flat, despite Wall Street’s gains and sustained strength in energy shares.
Investors cautiously awaited results of a Federal Reserve meeting.

Nikkei : 19,253.61 (+3.09)
Nikkei share average ended little changed, with investors wary of taking fresh positions ahead of a closely watched monetary policy decision by the Federal Reserve.

KLCI : 1,643.29 (-1.99)
KLCI fell 0.1% on profit-taking as investors eyed the US Federal Reserve’s interest rate decision.

WTI : 50.77
Brent : 53.70
Oil tumbled as the US interest rate hike boosted the dollar, making greenback-traded fuel imports more expensive for countries using other currencies at home.

GOLD : 1,144.95
Gold turned lower, after the Fed raised US interest rates by a quarter point and signaled a faster pace of increases next year, causing the US dollar to rally.

USD/MYR : 4.4460
EUR/MYR : 4.6839
GBP/MYR : 5.5827
AUD/MYR : 3.2902
HKD/MYR : 0.5731
SGD/MYR : 3.0939
USD/JPY : 117.06
Msia 10 yr Bond Yield : 4.135%
US 10 yr Bond Yield : 2.567%

Retail (11.1%) – net BUY RM0.77M
Institution (59.7%) – net BUY RM65.91M
Foreign (29.2%) – net SELL RM66.68M
Total traded value RM1.642B

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


BKs Technical Ideas 15/12/2016

1) Mflour
2) Dsonic
3) Frontkn
4) Owg (live call @ RM2.36 on 14/12)

Kindly refer to our 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, [14.12.16 23:16]


Dear All,

The FBMKLCI closed lower at -1.99 point or -0.12% to close at 1643.29.

FBMKLCI pending FOMC meeting decision, expecting to go higher before 2016 end.

DJIA remain at high side, there is risk of correction, but I expecting it will break 20000 first before it correction and mostly can sustain until end of the month.

HIBISCS Meletup Again !! Just mentioned yesterday it’s good to collect.

There is many other stock we looking and expecting can go higher.

For all, just watch MYEG & PADINI, expecting this two stock will rally before December end. It’s Fund manager stock and high chance to see they push up !

Join us to goreng opportunity !
https://telegram.me/ltachannel !

if it’s important to you you will find a way if not you will find an excuse this Thursday !

“Goreng Tetap Goreng”

Yours Sincerely,
Logic Trading Analysis

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