Views – 5251

Reuters – U.S. stocks fell on Wednesday, with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs.

The Dow briefly rose to within 15 points of 20,000, a level it has never reached, but relinquished that gain and spent most of the session at a loss.

U.S. stocks have rallied since the Nov. 8 election, with the Dow up 9 percent and the S&P 500 gaining 6 percent on bets that President-elect Donald Trump’s plans for deregulation and infrastructure spending will boost the economy.

Some investors worry that the so-called Trump rally has made stocks expensive and are concerned that legislators may resist strong tax cuts and other policies that could widen the federal deficit. The S&P 500 is trading at about 17 times expected 12-month earnings, well above the 10-year average of 14, according to Thomson Reuters Datastream.

“People are taking a pause and they want to see what’s going to happen,” said Chris Zaccarelli, chief investment officer for Cornerstone Financial Partners. “In his first 100 days in office, it will be interesting to see what legislation they can get through Congress and what regulations they will repeal.”

Providing the market with a degree of support this week, expectations of lower capital gains tax rates under Trump gave investors an incentive to not sell stocks until January, according to Zaccarelli as well as to Randy Frederick, vice president of trading & derivatives at Charles Schwab.

“If you can hold back on capital gains for two weeks, why not?” Frederick said. “There’s just no incentive to sell right now.”

So far in 2016, the S&P 500 has risen 11 percent, topping the 8 percent gain for the year that strategists predicted on average in a Reuters poll 12 months ago.

The Dow Jones Industrial Average .DJI dipped 0.16 percent on Wednesday to end at 19,941.96 points and the S&P 500 .SPX lost 0.25 percent to 2,265.18.
[12/22, 8:48 AM] Rosdi maybank: Maybank Kim Eng Daily Kopi (21 December 2016)
Dow 19941.96 -0.16%
S&P 2265.18 -0.25%
Nasdaq 5471.433 -0.23%
VIX 11.27 -1.57%
Nikkei 19444.49 -0.26%
KOSPI 2037.96 -0.19%
SSE 3137.43 1.11%
TWSE 9204.26 -0.41%
HSI 21809.8 0.37%
STI 2901.7 -0.33%
KLCI 1629.59 -0.30%
USD/MYR 4.4792 0.01%
EUR/MYR 4.6593 -0.17%
GBP/MYR 5.5251 0.30%
AUD/MYR 3.2457 -0.04%
SGD/MYR 3.1008 -0.16%
JPY/MYR 3.811 -0.26%

(+/- Chg refers to MYR relative perf)

Top U.S. Market News:
o U.S. stocks end with slight losses; Dow falls short of 20,000 yet again and pulls further away.
o All three major indices opened a bit higher then dropped later in the morning and ultimately finished in the red.
o Existing home sales rose to their best level since the financial crisis.
o European stocks close off 2016 high as banks lose ground. Pressure on Italian, Spanish and other European bank shares pulled the market away from its highest level of the year.
o Banca Monte dei Paschi dropped 12% in a rough session for the stock. The shares were pressured after Italy’s parliament approved a government request for a rescue loan of up to 20 billion euros ($20.81 billion). The bank said its liquidity could be wiped out in four months, compared with its previous projection of 11 months.

Stock News
o Among the losing sector were health care (-0.6%), weighed by weakness in biotech, and industrials (-0.4%), as FedEx reported disappointing results.
o FedEx (FDX) shares fall over 3% after profits drag from rising investment in ground delivery business.
o Yelp shares rise as RBC’s make it their top small-cap Internet pick for 2017
o Twilio (TWLO +4.9%) rallied on unconfirmed reports of expanded Amazon partnership circulating.
o Tesla (TSLA) China govt may reduce protectionist measures against foreign electric car makers – Electrek- Cites National Development and Reform Commission (NDRC)
o Nokia (NOK) announced that it has filed a number of complaints against Apple (AAPL) in Germany and the US, alleging that Apple products infringe a number of Nokia patents.
o Trump met with CEO’s of Lockheed Martin (LMT) and Boeing (BA) today. BA CEO: we talked about range of topics including Air Force One – post Trump meeting- Will get the project done for less than $4B and committed to working together
o Micron Technology (MU) reports after the close: FQ1 EPS of $0.32 beats by $0.04. Revenue of $3.97B (+18.5% Y/Y) beats by $20M. MU shares +7% after-hours

Notable ADR News:
o Alibaba (BABA) Ant financial said that they will be pushing for rural finance in the next 3 years. It recorded 150m, 130m and 33m rural users across its payment, insurance and credit services in 2016 respectively. BONA film investment led by Alibaba and Tencent values the company at $2.15B- more than 2x the value when the company took itself private and de-listed from Nasdaq
o Wynn (WYNN +1%) PT raised to $79 from $77 at Nomura, rates reduce
o 58. com (WUBA +0.15%) CLSA lowers PT to $33 from $37, maintains underperform. “Recent survey of real estate agencies reported a 22% decline during the Oct-Nov period compared to Aug-Sep. 24% of potential buyers had cancelled or postponed their purchase plans. ”

* VIX: -1.57% to 11.27

* Volume 5.4B, 25% below 3-month daily avg

* Treasury yields inch lower as investors lose appetite for risky assets. 10-year yield dropped 2.2 bps to 2.544%

30-year +0.28%. 10-yr +0.11%. 5-yr +0.05%.

European Equity Highlights
STOXX 600 -0.21% 360.56
DAX +0.03% 11468.64
FTSE -0.04% 7041.42
CAC -0.33% 4833.82

* European stocks close off 2016 high as banks lose ground. Pressure on Italian, Spanish and other European bank shares pulled the market away from its highest level of the year.
* Banca Monte dei Paschi dropped 12% in a rough session for the stock. The shares were pressured after Italy’s parliament approved a government request for a rescue loan of up to 20 billion euros ($20.81 billion). The bank said its liquidity could be wiped out in four months, compared with its previous projection of 11 months.

Forex
DXY -0.28% 102.99
Euro +0.39% vs. dollar. Yen -0.26%. Pound +0.07%.

* US Dollar was moderately lower against the yen and the euro, with investors taking profits after recent gains

* MYR: ringgit was barely higher vs USD and slightly lower vs Singapore dollar and yen. USD/MYR seems to be running into resistance at 4.48 in the past few days near 18-year lows.

Commodities:
CPO: +21 +0.65% 3114

* Palm oil futures prices snapped three sessions of losses to close firmer today, lifted by improved demand and sentiment in the market. Expectations of lower stockpiles in Indonesia supported prices.
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

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

BursaKakis Channel :
BKs Technical Ideas 22/12/2016

1) Dayang
2) Skpetro
3) RceCap
4) YeeLee

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.

CS Lee Daily Top Pick, 22 Dec 2016

Karyon, 0054
Close, 0.19
Breakout, 0.20
Buy TP, 0.22, 0.23
Support, 0.18
SL, 0.175

Time Frame, 2 Weeks to 2 Months

Bornoil, 7036
Close, 0.165
Breakout, 0.17
Buy, TP, 0.19, 0.20
Support, 0.155
SL, 0.15
Time frame 2 weeks to 2 months

M+ Online Morning Buzz – 22Dec16

Dow Jones: 19,941.96 pts (-32.66pts, -0.16%)
Despite the stronger-than-expected existing home sales data, U.S. stockmarkets retreated as the Dow declined 0.2% on weakness in crude oil prices.

FBM KLCI: 1,629.59 pts (-4.93pts, -0.30%)
Despite opening higher at the start of the trading bell, the FBM KLCI violated the 1,630 support level on profit taking activities ahead of the festive season break. The next support level is located around the 1,610 level.

Crude Palm Oil: RM3,114 (+RM21, +0.68%)
Crude palm oil prices snapped a three consecutive sessions of decline on lower Indonesia stockpiles. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $52.49 (+$0.26, +0.50%)
Crude oil prices extended its gains for the fourth straight session but came off its intraday highs on unexpected rise in U.S. crude inventory. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,131.61 (-$0.74, -0.07%)
Gold prices edged marginally lower ahead of the year-end break. The US1,100 will serve as the immediate support level.

Economic Releases:
US – US Durable Goods Orders – 22Dec16, 9.30PM
US – US 3Q2016 GDP Growth Rate – 22Dec16, 9.30PM

Bursa Malaysia Trade Statistics – 21Dec16
Institutions: Net BUY 84.8 mln (63.2%)
Retail: Net BUY 5.6 mln (12.9%)
Foreign: Net SELL 90.4 mln (23.9%)

Potential Momentum Stocks – 22Dec16
Stock Name: SSTEEL (5665)
Entry: Buy above RM1.25
Target: RM1.34 (7.2%), RM1.43 (14.4%)
Stop: RM1.19 (-4.8%)
Shariah: No
Technical: Monitor for breakout

Stock Name: DRBHCOM (1619)
Entry: Buy above RM1.26
Target: RM1.36 (7.9%), RM1.44 (14.3%)
Stop: RM1.18 (-6.3%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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

TradetheHotstocks:
Market News Roundup

1⃣ GBGAQRS accepted a delayed Letter of Award from the Pahang State Government for the construction of the state’s new administrative complex at a project cost of RM392m & contract value of RM415.5m.

2⃣ HAI-O, has proposed a one-for-two bonus issuance and the establishment of an employees share option scheme (ESOS).

3⃣ AMPROP is planning to venture into the Hong Kong property market via a tie-up with Grosvenor Asia Pacific Ltd.

4⃣ MITRA has bagged a RM159.39m contract to undertake superstructure works for an office tower development at Bandar Medini, Iskandar Malaysia, Johor.

5⃣ HSL, its MD Datuk Paul Yu Chee Hoe and three other directors have been served with an originating summons on issues of disclosure to the relevant authorities in relation to the acquisition and disposal of shares in the holding company of HSL.

6⃣ BPLANT is disposing of its equity interest in Boustead Sedili SB for RM60m as part of its ongoing drive to unlock value.

7⃣ MBSB received the green light from Bank Negara Malaysia to commence talks with Asian Finance Bank (AFB) on a potential M&A deal.

Sources: theedgemarkets.com ; thestar.com

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

Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS THURSDAY (22/12/2016):

FBMKLCI WAY TOO SLOW BUT JUST GORENG

Dear All,

The FBMKLCI closed lower at -4.93 point or -0.3% to close 1629.59.

FBMKLCI remain sideways not much movement, if no push up for window dressing, I expect that January might be doing better if whole world remain steady

DJIA can break 20000 today? Hopefully DJIA can sustain the beat and don’t start big correction after breaking it. Hopefully Trump can create a real strong power for the market.

Stock watch for today are like: KARYON, VIS, DSONIC

And many more strong live call at:
https://telegram.me/ltachannel !

You will not success when you put too much worry into an action this Thursday!

“Goreng Tetap Goreng”
Yours Sincerely,
Logic Trading Analysis

Views – 16878

[12/21, 7:36 AM] Rosdi maybank: Reuters- The Dow and Nasdaq Composite rose to record highs on Tuesday in a rally fueled by optimism about U.S. President-elect Donald Trump’s policies.

The Dow Jones industrial average ended just 25 points shy of 20,000, a level it has never breached, helped by a 1.68 percent gain in Goldman Sachs (GS.N).

U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and the S&P 500 gaining 6 percent on bets that Trump’s plans for deregulation and infrastructure spending will boost the economy.

“The market is focused on the Trump agenda, which is tax cuts, infrastructure spending and deregulation,” said Jeff Zipper, managing director for investments at Private Client Reserve at U.S. Bank in Palm Beach, Florida.

Some investors believe stocks have become expensive. The S&P 500 is trading at about 17 times expected earnings, well above its 10-year average of 14, according to Thomson Reuters Datastream.

The Dow’s 20,000 mark represents a major milestone on Wall Street and some investors believe that piercing that level would signal the recent rally may continue. The Dow first hit 10,000 in 1999.
[12/21, 7:54 AM] Rosdi maybank: Maybank Kim Eng Daily Kopi (20 December 2016)
Dow 19974.62 0.46%
S&P 2270.76 0.36%
Nasdaq 5483.944 0.49%
VIX 11.45 -2.22%
Nikkei 19494.53 0.53%
KOSPI 2041.94 0.17%
SSE 3102.88 -0.49%
TWSE 9242.41 0.03%
HSI 21729.06 -0.47%
STI 2911.31 -0.06%
KLCI 1634.52 0.01%
USD/MYR 4.4797 -0.03%
EUR/MYR 4.6512 0.79%
GBP/MYR 5.5419 0.95%
AUD/MYR 3.2443 0.75%
SGD/MYR 3.0958 0.08%
JPY/MYR 3.8017 0.60%

(+/- Chg refers to MYR relative perf)

Top U.S. Market News:
o Santa rally’ takes stocks to records, but Dow fails hit the 20,000 mark
o Dow came within 13 points of hitting the milestone mark, before closing 90 points higher, after hitting a new intraday high, with Goldman Sachs contributing the most gains. The Dow ended 25 points away.
o Stocks narrowed their gains after rushing out of the gate to highs of the day. There was no economic data and volume was lighter than usual
o S&P 500 rose 0.3%, with financials rising more than 1%. The Nasdaq Comp advanced 0.5%, also reaching a new all-time high earlier in the session.
o Saudi Arabia reportedly mulling increase in retail fuel prices
o comScore: US holiday season-to-date e-commerce desktop spending at $55.2B, +13% y/y Comments: “This final full week of online holiday shopping before Christmas saw an uptick in desktop spending, finishing off the season on a high note and bringing the season-to-date growth rate to 13%
o Pres. Obama, as expected, moves to indefinitely block oil and gas drilling in vast areas of the Atlantic and Arctic oceans by invoking a little used provision in a 1953 law normally used to preserve coral reefs

Stock News
o Bank stocks were the strongest of the day, with the S&P financial sector up 1.1%. The industry has been a strong performer since the election
o Among the biggest movers, Bank of America (BAC) rose 1% while Goldman Sachs (GS), one of the biggest postelection gainers -advanced 1.7%.
o Consumer discretionary (+0.8%) and industrials (+0.6%) also notching solid gains and tech (+0.3%) staying even with the S&P 500.
o The energy sector (-0.2%) finished in the red even as U.S. crude oil rose
o Apple (AAPL +0.25%) Said to have discussed moving Mac Pro production to Asia and explore standalone keyboard with touch bar for new Macbook – financial press
o Apple also in talks to manufacture in India. Making iPhones locally would allow APPL to open its own stores in India, helping build its brand in a country where it has just a tiny slice – less than 5%
o Alphabet (GOOGL +0.3%) Indonesia to Start Tax Investigation Into Google Next Year- Google must meet Dec. 31 deadline to settle its tax dispute or govt will start preliminary investigation into the co
o Nvidia (NVDA +3.5%): PT Raised 40% to $129 at Goldman- Adds to conviction Buy List- Price Target raised to $115 from $80 at Mizuho, reiterates Buy rating – firm continues to see strength in AI and DL for NVDA
o TripAdvisor (TRIP +5% ) takes off after Instant Booking deal with Expedia
o FedEx (FDX): FQ2 EPS of $2.80 misses by $0.10. Revenue of $14.9B (+19.2% Y/Y) misses by $20M. FDX shares down 3% after-hours
o Nike (NKE): FQ2 EPS of $0.50 beats by $0.07. Revenue of $8.18B (+6.4% Y/Y) beats by $90M. NKE shares +2% after-hours

Notable ADR News:
o Alibaba (BABA +1%) is actively suing brushing websites in China. It took down Shatui.com, which allegedly links merchants with people willing to falsify purchases and reviews, through a joint effort with authorities. The offices of Shatui were raided and accounting books were taken away, reported by Xinhua news.
o Bona Film, which left the U.S. stock market in April after completing privatization, has raised 2.5 billion yuan in first domestic funding round led by Alibaba Pictures and Tencent
o JD.com (JD +0.5%) Evercore ISI Initiates with Buy, PT: $33 Attractive fundamentals, macro uncertainty and China share weakness create a buying opportunity for Chinese internet stocks, Baidu (BIDU) Evercore ISI initiates Hold and $200 PT and Tencent (TCEHY) Evercore ISI initiates Buy and HK$240
o TSMC (TSM +0.15%) Mediatek Denies press report that it halved TSMC orders due to weak high end phone demand
o Macau: Aegis Initiates Coverage on MGM Resorts (MGM -0.15%) with a Buy, $35 PT

* VIX: -2.2% to 11.45

* Volume 6.2B, 15% below 3-month daily avg

* Treasury prices weakened, pushing yields higher, a day after bonds had their strongest one-day gain since August following deadly attacks in Turkey and Germany. 10-year yield gained 2bps to 2.562%

30-year -0.27%. 10-yr -0.11%. 5-yr -0.07%.

European Equity Highlights
STOXX 600 +0.48% 361.32
DAX +0.33% 11464.74
FTSE +0.38% 7043.96
CAC +0.56% 4849.89

* European markets moved mostly higher, with Italian banks among the biggest gainers after news the country’s government is preparing a bailout package for struggling lenders. Stoxx Europe 600 closes at 2016 high

Forex
DXY +0.14% 103.28
Euro -0.12% vs. dollar. Yen +0.6%. Pound +0.29%.

* US dollar hits nearly 14 year-year high against euro, as parity looms. Euro weakened to $103.50 after deadly terrorist attacks in Germany and Turkey. Euro did recover this afternoon as USD faded but remains below 104. USDJPY weakens to ¥117.80after trading above ¥118 overnight after BoJ stands pat.

* MYR: ringgit end lower vs USD in line with other currencies globally. The Fed’s rate hike, coupled with Trump’s new policies’ expectations keeping pressure on ringgit

Commodities:
CPO: -49 -1.59% 3093

* Palm oil fall 1.6% on weaker exports from Malaysia. Shipments -17% to 606,937 tons. Market concerned about demand outlook as higher Malaysian crude palm oil export tax in Jan. may curb purchases.

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
[12/21, 9:00 AM] Rosdi maybank: PR Traders Admin Akif Zainal:
Salam and Morning All

MACRO : Consumer and financial stocks powered today’s rally on the Dow Jones Industrial Average (DJIA), as the index closes in on the 20,000.00 milestone mark. Several trillion dollars in wealth have been created on the financial markets since the election of Donald Trump seven weeks ago, one analyst noted (investing. com).

MICRO : Market remained active yesterday despite sluggish index. Index managed to close green just before closing time. Ringgit is slowly depreciating. The sooner ‘they’ realised that they cannot fight the market force, the better. Let it take its’ natural course.

WHAT TO EXPECT? : Counters are active as we are approaching year end. Trending counters may continue until year end while some counters that just broke consolidation pattern should be in main focus. In addition, USD related companies should be your close list.

Below are my Watch List for SWING counters (21/12/2016)

MBL
EP : ABOVE 1.010
SL : BELOW 0.960
TP : 1.130/1.240
[12/21, 9:08 AM] Rosdi maybank: TENG TW:
Malaysia Oil & Gas – Upgrade to POSITIVE
Author: kltrader | Publish date: Mon, 19 Dec 2016, 09:55 AM

Positioning ahead of a cyclical recovery

We upgrade the sector to POSITIVE, ahead of its cyclical recovery, on an improving risk-reward outlook. In our view, the sector has bottomed. We see two major catalysts. Firstly, OPEC and non-OPEC’s move to cut output will accelerate the demand-supply rebalancing of the oil market and spur capex/activities growth. Secondly, we foresee multiple benefits to Malaysia’s O&G operations should Saudi Aram co’s plan to invest a 50% stake in PETRONAS’ RAPID project materialize. For that, we lift earnings multiple peg to 12x (from 10x), resulting in TP/call upgrades. Key BUYs are Yinson, SAKP, Icon and KNM.

OPEC and non-OPEC’s slick move

The joint agreement by members of the OPEC (1.2m bpd) and several non-OPEC producers (0.6m bpd), a first since 2001, to cut oil output by 1.8m bpd from Jan 2017 for 6 months (to Jun 2017), reflects a major statement to a stabilizing oil market that will lead to a start of a cyclical recovery. The cut, which equates to 1.5 years of global consumption growth, if executed well, will: (i) accelerate the rebalancing of the demand-supply equation of the crude oil market, (ii) kick-start capex growth and (iii) support firmer oil prices. Our house view for crude oil price is an average USD55/bbl in 2017.

Saudi Aramco’s wild card

Talks of Saudi Aramco taking a 50% stake in PETRONAS’ RAPID project for an estimated USD21b, if it materializes, would be a major positive. For PETRONAS, it means: (i) the ability to realise value from its RAPID investment, (ii) the new capital can be deployed to jump-start its capex programs (i.e. upstream E&P), that have been affected by the cyclical downturn and (iii) its commitment and ability to pay dividends to the Government would remain intact. A higher capex program by PETRONAS translates into higher activity, eventually benefiting the upstream players and service providers.

Raised optimism for the next 6 months

We take the view that the sector has bottomed and is en route to a cyclical recovery. Operationally, day rates, asset utilization and order backlogs are at a trough. Cost cuts and cash flow preservation have been intense over the past 24 months. Enquiries are on the rise while the tender pipeline has been growing. Much of the negatives have been priced in and sector will re-rate as oil price continues to strengthen. With most stocks having de-rated and much of their values lost, it is, in our view, an opportune time to bottom-fish with much trading opportunities for a sector that has been sidelined and under-owned for a while. We have lifted earnings multiple peg to 12x, from 10x, leading to: (i) raised TPs on five stocks, (ii) two recommendation upgrades (to HOLDs).

Source: Maybank Research – 19 Dec 2016
[12/21, 9:09 AM] Rosdi maybank: FAt TA:
M+ Online Morning Buzz – 21Dec16

Dow Jones: 19,974.62 pts (+91.56pts, +0.46%)
U.S. stockmarkets extended their gains as the Dow added 0.5% to close marginally below the 20,000 psychological level, on prospects over increased government spending in the country.

FBM KLCI: 1,634.52 pts (+0.22pts, +0.01%)
The FBM KLCI was traded in a choppy manner yesterday but last minute buying support amongst selective oil & gas and telco heavyweights sent the key index marginally higher. The immediate support level is located around the 1,630 level.

Crude Palm Oil: RM3,093 (-RM49, -1.56%)
Tracking the weakness in soybean oil prices, crude palm oil prices extended its losses for the third straight session. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $53.30 (+$1.18, +2.27%)
Crude oil prices advanced for the third consecutive session after U.S. crude stockpiles declined last week. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,132.35 (-$5.86, -0.51%)
Gold prices erased all its previous session gains, dragged down by the strength in U.S. Dollar. The US1,100 will serve as the immediate support level.

Economic Releases:
EU – Eurozone’s Consumer Confidence – 21Dec16, 11.00PM
US – US Existing Home Sales – 21Dec16, 11.00PM

Bursa Malaysia Trade Statistics – 20Dec16
Institutions: Net BUY 5.3 mln (64.2%)
Retail: Net BUY 13.0 mln (14.9%)
Foreign: Net SELL 18.3 mln (20.9%)

Potential Momentum Stocks – 21Dec16
Stock Name: GHLSYS (0021)
Entry: Buy above RM0.84
Target: RM0.915 (8.9%), RM0.99 (17.9%)
Stop: RM0.795 (-5.4%)
Shariah: Yes
Technical: Short-term consolidation breakout

Stock Name: WILLOW (0008)
Entry: Buy above RM0.75
Target: RM0.78 (4.0%), RM0.81 (8.0%)
Stop: RM0.72 (-4.0%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS WEDNESDAY (21/12/2016):

FBMKLCI HOLIDAY MOOD BUT JUST GORENG

Dear All,

The FBMKLCI closed higher at +0.22 point or +0.01% to close at 1634.52.

FBMKLCI remain sideways not much movement,holiday mood. However still got some stock manage to Meletup.

DJIA remain sideways correction at peak near 20000, expecting it will break by this week without a single doubt. Market remain bullish even after rate hike.

SALUTE MELETUP ! Technically breakout nicely and expecting to post better result due to Christmas Sales.

And many more strong live call at:
https://telegram.me/ltachannel !

Like branches on a tree we all grow in different directions yet our roots remain as one this Wednesday !

“Goreng Tetap Goreng”

Yours Sincerely,
Logic Trading Analysis

±++++++++++++++++

TradetheHotstocks:
21st December, 2016 Markets Roundup

US MARKET
DJIA : 19,974.62 (+91.56)
S&P500 : 2,270.76 (+8.23)
NASDAQ : 5,483.94 (+26.50)
VIX : 11.45 (-0.26)
US stocks climbed as investors bought financial companies, extending the group’s advance to 22% since the presidential election. The dollar rose to its highest level in 14 years.

EUROPE/UK MARKET
FTSE : 7,043.96 (+26.80)
DAX : 11,464.74 (+38.04)
CAC 40 : 4,849.89 (+27.12)
European shares rose slightly, helped by a busy year-end for corporate deal making and more signs that Italy is making progress on stabilising its wobbly banking sector.

CHINA/HK MARKET
SHANGHAI : 3,102.48 (-15.61)
HSI : 21,729.06 (-103.62)
China stocks slid, as the authorities tightened regulations to prevent financial risks and asset bubbles.

JAPAN MARKET
Nikkei : 19,494.53 (+102.93)
Nikkei share average rose after the market digested the BoJ’s decision to maintain current monetary policy, while the yen’s fall versus the dollar lifted overall sentiment.

M’SIA MARKET
KLCI : 1,634.52 (+0.22)
Blue chips closed a tad higher, underpinned by late buying of telcos including Maxis & Axiata while Petronas stocks got a boost from the firmer crude oil prices.
⬆348⬇360↔381

OIL
WTI : 53.52
Brent : 55.50
Oil prices edged higher on forecasts of a steep draw in US crude oil stocks that could indicate a global oversupply is starting to shrink.

GOLD
GOLD : 1,133.50
Gold fell as the dollar rose and investors sold on expectations of stronger global economic growth and higher US interest rates.

FX & BONDS
USD/MYR : 4.4795
EUR/MYR : 4.6555
GBP/MYR : 5.5412
AUD/MYR : 3.2531
HKD/MYR : 0.5768
SGD/MYR : 3.0985
USD/JPY : 117.89
Msia 10 yr Bond Yield : 4.296%
US 10 yr Bond Yield : 2.561%

20/12 BURSA TRADE STAT
Retail (14.9%) – net BUY RM13.05M
Institution (64.2%) – net BUY RM5.26M
Foreign (20.9%) – net SELL RM18.31M
Total traded value RM1.411B
By SARA H’NG/ALAN TAN

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

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

BursaKakis Channel :
BKs Technical Ideas 21/12/2016

1) Arank
2) Frontkn
3) Lkl
4) Vis

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.

CS Lee Daily Top Pick, 21 Dec 2016

Yeelee, 5584
Close, 2.36
Breakout, 2.37
Buy TP, 2.44, 2.60
Support, 2.28
SL, 2.27

Time Frame, 2 Weeks to 2 Months

Homeriz, 5160
Close, 0.93
Breakout, 0.935
Buy, TP, 0.985, 1.04
Support, 0.895
SL, 0.89
Time frame 2 weeks to 2 months

Malaysia Oil & Gas – Upgrade to POSITIVE
Author: kltrader | Publish date: Mon, 19 Dec 2016, 09:55 AM

Positioning ahead of a cyclical recovery

We upgrade the sector to POSITIVE, ahead of its cyclical recovery, on an improving risk-reward outlook. In our view, the sector has bottomed. We see two major catalysts. Firstly, OPEC and non-OPEC’s move to cut output will accelerate the demand-supply rebalancing of the oil market and spur capex/activities growth. Secondly, we foresee multiple benefits to Malaysia’s O&G operations should Saudi Aram co’s plan to invest a 50% stake in PETRONAS’ RAPID project materialize. For that, we lift earnings multiple peg to 12x (from 10x), resulting in TP/call upgrades. Key BUYs are Yinson, SAKP, Icon and KNM.

OPEC and non-OPEC’s slick move

The joint agreement by members of the OPEC (1.2m bpd) and several non-OPEC producers (0.6m bpd), a first since 2001, to cut oil output by 1.8m bpd from Jan 2017 for 6 months (to Jun 2017), reflects a major statement to a stabilizing oil market that will lead to a start of a cyclical recovery. The cut, which equates to 1.5 years of global consumption growth, if executed well, will: (i) accelerate the rebalancing of the demand-supply equation of the crude oil market, (ii) kick-start capex growth and (iii) support firmer oil prices. Our house view for crude oil price is an average USD55/bbl in 2017.

Saudi Aramco’s wild card

Talks of Saudi Aramco taking a 50% stake in PETRONAS’ RAPID project for an estimated USD21b, if it materializes, would be a major positive. For PETRONAS, it means: (i) the ability to realise value from its RAPID investment, (ii) the new capital can be deployed to jump-start its capex programs (i.e. upstream E&P), that have been affected by the cyclical downturn and (iii) its commitment and ability to pay dividends to the Government would remain intact. A higher capex program by PETRONAS translates into higher activity, eventually benefiting the upstream players and service providers.

Raised optimism for the next 6 months

We take the view that the sector has bottomed and is en route to a cyclical recovery. Operationally, day rates, asset utilization and order backlogs are at a trough. Cost cuts and cash flow preservation have been intense over the past 24 months. Enquiries are on the rise while the tender pipeline has been growing. Much of the negatives have been priced in and sector will re-rate as oil price continues to strengthen. With most stocks having de-rated and much of their values lost, it is, in our view, an opportune time to bottom-fish with much trading opportunities for a sector that has been sidelined and under-owned for a while. We have lifted earnings multiple peg to 12x, from 10x, leading to: (i) raised TPs on five stocks, (ii) two recommendation upgrades (to HOLDs).

Source: Maybank Research – 19 Dec 2016

M+ Online Morning Buzz – 21Dec16

Dow Jones: 19,974.62 pts (+91.56pts, +0.46%)
U.S. stockmarkets extended their gains as the Dow added 0.5% to close marginally below the 20,000 psychological level, on prospects over increased government spending in the country.

FBM KLCI: 1,634.52 pts (+0.22pts, +0.01%)
The FBM KLCI was traded in a choppy manner yesterday but last minute buying support amongst selective oil & gas and telco heavyweights sent the key index marginally higher. The immediate support level is located around the 1,630 level.

Crude Palm Oil: RM3,093 (-RM49, -1.56%)
Tracking the weakness in soybean oil prices, crude palm oil prices extended its losses for the third straight session. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $53.30 (+$1.18, +2.27%)
Crude oil prices advanced for the third consecutive session after U.S. crude stockpiles declined last week. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,132.35 (-$5.86, -0.51%)
Gold prices erased all its previous session gains, dragged down by the strength in U.S. Dollar. The US1,100 will serve as the immediate support level.

Economic Releases:
EU – Eurozone’s Consumer Confidence – 21Dec16, 11.00PM
US – US Existing Home Sales – 21Dec16, 11.00PM

Bursa Malaysia Trade Statistics – 20Dec16
Institutions: Net BUY 5.3 mln (64.2%)
Retail: Net BUY 13.0 mln (14.9%)
Foreign: Net SELL 18.3 mln (20.9%)

Potential Momentum Stocks – 21Dec16
Stock Name: GHLSYS (0021)
Entry: Buy above RM0.84
Target: RM0.915 (8.9%), RM0.99 (17.9%)
Stop: RM0.795 (-5.4%)
Shariah: Yes
Technical: Short-term consolidation breakout

Stock Name: WILLOW (0008)
Entry: Buy above RM0.75
Target: RM0.78 (4.0%), RM0.81 (8.0%)
Stop: RM0.72 (-4.0%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

Views – 965

Reuters-U.S. stocks racked up new all-time highs on Tuesday and the Dow Jones industrial average ended fewer than 100 points away from the 20,000 mark as a post-election rally showed no signs of fatigue.

All three major indexes established record highs. The Dow has climbed about 9 percent since the Nov. 8 election, with gains fueled by expectations that President-elect Donald Trump will reduce taxes and regulation and stimulate the economy.

Nine of the 11 major S&P sectors rose, with the technology index’s .SPLRCT climbing 1.23 percent. The index had lost 0.5 percent on Monday after posting its largest weekly advance in a year last week.

“What we’re seeing is the rally broaden out a little bit from beyond the Russell 2000 and the financial sector,” said Michael O’Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut. “If you’re bullish, tech does look attractive here.”

Apple (AAPL.O) added 1.67 percent and provided the biggest support to the S&P and Nasdaq, while IBM (IBM.N) rose 1.69 percent, helping lift the Dow.

Other tech giants Microsoft (MSFT.O) and Amazon (AMZN.O) were up 1.30 percent and 1.87 percent, respectively.

Some investors see the 20,000-level on the Dow as a psychologically important signal of broad positive sentiment.
[12/14, 8:34 AM] Rosdi maybank: ♦ 14 Dec

Dow +114.78 ⬆
S&P +14.76 ⬆
Oil $52.48 ⬆
Gold $1160.0 ⬇
SoyOil $36.77 ⬇
USD/MYR 4.430 ⬇

Global News

U.S. stocks racked up new all-time highs on Tuesday and the Dow Jones industrial average ended fewer than 100 points away from the 20,000 mark as a post-election rally showed no signs of fatigue.

The U.S. dollar was steady against a basket of major currencies on Tuesday on uncertainty over whether the U.S. Federal Reserve would signal a slow or fast pace of interest rate increases at the end of a closely-watched policy meeting.

European stocks advanced, as investors endorsed UniCredit SpA’s 13 billion-euro ($13.8 billion) rights offer to put Italy’s biggest bank on a sounder footing.
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investment consultant:
Bursa Malaysia Stocks
Wednesday 14/12/2016

Latest Currency exchange is RM4.44

Hot stock picks

Its window dressing month, monitor GLC stocks especially for those who are tradable, such as:

FGV,UEM,MRCB,DRBHICOM,MYEG and their call warrants

On the other hand, monitor ACE trading stocks :

OCNCASH,SOLUTION,OPENSYS,SYSTECH and etc…

Lastly , don’t stop monitoring oil and gas counters :
KNM, Thheavy , Hibiscs and etc…
[12/14, 8:39 AM] Rosdi maybank: PR Traders Admin Akif Zainal:
Salam and Morning All

MACRO : A consensus among investors this afternoon that the Federal Reserve will indeed raise interest rates a few basis points on Wednesday helped drive the Dow to near 20,000. At 3:10 p.m., Eastern, the DJIA was at 19914.12, an increase of 0.59%, or 117.69 points.Investors are confident the U.S. economy is expanding, as witnessed by consumer confidence studies, jobs numbers, and factory output figures in recent weeks. The NASDAQ Composite market index was also up, as was the S&P 500 index (investing. com)

MICRO : Index managed to break 20MA resistant and currently maintain just above 20MA. Ringgit weakens againts USD.

WHAT TO EXPECT? : With strong US economy data, the Feds is expected to raise interest rate which is not so good for us. Index will need to maintain above 20MA to keep up with the short term rally momentum. A break above 1660 will be seen bullish. However, expect some sell off today as market is seen unstable.

Below are my Watch List for SWING counters (14/12/2016)

OCNCASH
EP : ABOVE 0.400
SL : BELOW 0.385
TP : 0.430/0.465/0.520

#PRTips 7 : By clicking on the Trade Detail > Grouped By Time Chart, user can analyse the volume transaction size, such as the example given. A B% of 100% signifies that

#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

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BursaKakis Channel :
M+ Online Morning Buzz – 13Dec16

Dow Jones: 19,796.43 pts (+39.58pts, +0.20%)
U.S. stockmarkets ended mixed overnight as the Dow (+0.2%) registered its sixth straight winning streak but the S&P 500 fell 0.1% after the rally in financial shares faded

FBM KLCI: 1,641.42 pts (-2.33pts, -0.14%)
Profit taking activities sent the FBM KLCI 0.1% lower but the key index managed to recoup most of its intraday losses ahead of the extended weekend break on last Friday. The immediate resistance level is located around the 1,650-1,660 levels.

Crude Palm Oil: RM3,069 (-RM44, -1.41%)
Crude palm oil fell for the third consecutive session in line with the decline in soy bean oil prices. The RM3,200 level will serve as the next resistance level.

WTI Crude Oil: $52.83 (+$1.33, +2.57%)
Crude oil prices rallied after non-OPEC members have decided to reduce their output by 558,000 barrels per day collectively. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,162.22 (+$2.36, +0.20%)
Gold prices rebounded ahead of the two-day FOMC policy meeting. The US$1,150 level will serve as the immediate support level.

Economic Releases:
CN – China’s Industrial Production – 13Dec16, 10.00AM
CN – China’s Retail Sales – 13Dec16, 10.00AM

Bursa Malaysia Trade Statistics – 9Dec16
Institutions: Net SELL 22.7 mln (63.3%)
Retail: Net SELL 19.5 mln (13.2%)
Foreign: Net BUY 42.2 mln (23.5%)

Potential Momentum Stocks – 13Dec16
Stock Name: HIBISCS (5199)
Entry: Buy above RM0.305
Target: RM0.335 (9.8%), RM0.365 (19.7%)
Stop: RM0.295 (-3.3%)
Shariah: No
Technical: Flag-formation breakout

Stock Name: COMCORP (7195)
Entry: Buy above RM0.74
Target: RM0.78 (5.4%), RM0.835 (12.8%)
Stop: RM0.70 (-5.4%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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Uob Kay Hian Daily Top Pick, 13 Dec 2016

3A, 0012
Close, 1.32
Breakout, 1.34
Buy TP, 1.44, 1.49
Support, 1.25
SL, 1.24

Time Frame, 2 Weeks to 2 Months

Comcorp, 7195
Close, 0.73
Breakout, 0.745
Buy, TP, 0.93, 0.985
Support, 0.665
SL, 0.66
Time frame 2 weeks to 2 months

Suncon, 5263
Close, 1.72
Buy TP, 1.84, 1.92
Support, 1.64
SL, 1.63
Time frame, 2 weeks to 2 months

Thanks

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BKs Technical Ideas 14/12/2016

1) PMetal
2) Penta
3) Vis

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.

Glomac, PDZ Holdings, Kuantan Flour Mills, IHH Healthcare, Magni-Tech Industries, Boon Koon Group and Axiata Group

http://www.stockhut.com.my/news/236717

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TradetheHotstocks:
Market News Roundup

1⃣ GLOMAC’s unit Glomac Regal SB received a winding-up order for the alleged neglect of RM3.49m payment to a contractor.

2⃣ PDZ’s Aminuddin Yusof Lana resigned as a director before the start of EGM that was called to remove him from the company’s board.

3⃣ KFM announced that the Federal Land Consolidation and Rehabilitation Authority (Felcra) intends to undertake RTO of the company to turnaround its existing business.

4⃣ IHH’s unit will set up a Sino-foreign equity company named Parkway Health Chengdu Hospital Co Ltd to provide specialised care and services.

5⃣ MAGNI has decided to close down its printing packaging products manufacturing unit, South Island Packaging (Penang) SB, to streamline the group’s operations.

6⃣ BKOON will dispose of its remaining 25% stake in hire purchase financing firm Hitachi Capital Malaysia SB for RM22m to Hitachi Capital Asia Pacific Pte Ltd.

7⃣ AXIATA and its subsidiary EDOTCO have entered into a US$600m primary and secondary equity private placement deal with Network Corporation of Japan and Khazanah.

8⃣ MQTECH is expanding into Cambodia via JV with Cambodian Resort And Entertainment Co Ltd (CRE) to build and manage a Jurassic theme park.

Sources: theedgemarkets.com ; thestar.com

14th December,2016 Markets Roundup

US MARKET
DJIA : 19,911.21 (+114.78)
S&P500 : 2,271.72 (+14.76)
NASDAQ : 5,463.83 (+51.29)
VIX : 12.72 (+0.08)
U.S. stocks racked up new all-time highs as investors turned their focus to the Federal Reserve’s first policy decision and outlook since the US elections due.

EUROPE/UK MARKET
FTSE : 6,968.57 (+78.15)
DAX : 11,284.65 (+94.44)
CAC 40 : 4,803.87 (+43.10)
European shares rose, helped by a rally in Italy’s biggest bank UniCredit on plans to bolster its balance sheet, while takeover speculation allowed Mediaset to make its best one-day gain ever.

CHINA/HK MARKET
SHANGHAI : 3,155.36 (+2.39)
HSI : 22,446.70 (+13.68)
China stocks erased early losses to end roughly flat, as better-than expected Nov retail sales and factory output data encouraged bargain-hunting.

JAPAN MARKET
Nikkei : 19,250.52 (+95.49)
Japanese shares pared early losses to rise, with support coming from likely buying by the Bank of Japan and as investors snapped up cheaper domestic demand-driven stocks.

M’SIA MARKET
KLCI : 1,645.28 (+3.86)
Blue chips closed higher, underpinned by gains in MISC, Hap Seng & Tenaga amid the steady crude oil prices but the ringgit lost ground against the major currencies.
⬆418⬇322↔341

OIL
WTI : 52.48
Brent : 55.23
Oil traded roughly flat, supported by strong demand in Asia and supply cuts by Abu Dhabi, Kuwait and Qatar as part of production curbs organized by OPEC and other exporters.

GOLD
GOLD : 1,160.10
Gold edged lower, losing its luster ahead of 2-day meeting of the US Federal Reserve that is expected to deliver the second interest rate rise in a decade.

FX & BONDS
USD/MYR : 4.4305
EUR/MYR : 4.7088
GBP/MYR : 5.6101
AUD/MYR : 3.3221
HKD/MYR : 0.5712
SGD/MYR : 3.1110
USD/JPY : 115.17
Msia 10 yr Bond Yield : 4.154%
US 10 yr Bond Yield : 2.473%

13/12 BURSA TRADE STAT
Retail (11.9%) – net SELL RM7.07M
Institution (54.7%) – net SELL RM152.83M
Foreign (33.4%) – net BUY RM159.90M
Total traded value RM1.729B
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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Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS WEDNESDAY (14/12/2016):

FBMKLCI THE FRONT RUNNER RULE

Dear All,

The FBMKLCI closed higher at +3.86 point or +0.24% to close at 1645.29.

FBMKLCI start to show positive uptrend, foreign fund make the front move come back, which before interest rate hike in coming day. This show that the market going to be bullish after the event.

DJIA remain super bullish as Trump effect remain unstopper, and expecting interest rate already price in. Therefore, what are you waiting?

Lets start goreng ! Last week we been asking premium member to collect some oil stock such as HIBISCS, and yesterday gap up !! To join as premium, welcome to pm us.

Beside our all time favorite IQGROUP mention few month back in my blog and in i3, big meletup hit above RM 2.50 successfully ! RM 3.0 coming soon !!

We continue to like current market movement, we expect more stock going up till the end of the year, such as MYEG, EKOVEST, GADANG, SALUTE and many more !

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

if you love life don’t waste time for time is what life is made up of this Wednesday !

“Goreng Tetap Goreng”

Yours Sincerely,
Logic Trading Analysis

Views – 941