Category Archives: Analisa Teknikal

Reuters-U.S. stocks slipped on Thursday led by falls in financial shares and following weak Chinese economic data but a late-day rebound in oil prices limited the day’s decline.

Financials, which have been under pressure following negative news on Deutsche Bank (DB.N) and Wells Fargo (WFC.N), were down ahead of quarterly results due Friday from Wells Fargo, JPMorgan Chase (JPM.N) and Citigroup (C.N). The S&P financial index .SPSY fell 1.1 percent.

Reviving concerns about the health of the world’s second-largest economy, data showed China’s exports fell 10 percent in September, far worse than markets had expected, while imports unexpectedly shrank.

Stocks pared losses late along with energy shares. Oil prices rebounded to end higher. A U.S. government report of larger-than-expected draws in diesel and gasoline helped prices rebound. The S&P energy index .SPNY ended down 0.7 percent.

“The catalyst, I think, to start getting some trades in (late) was oil prices stabilizing, and just the fact that short term we were oversold,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

Uncertainty over the U.S. presidential race as the Nov. 8 vote looms and the chance for extra bank regulation could be adding to weight for financials, he said.

The Dow Jones industrial average .DJI was down 45.26 points, or 0.25 percent, to 18,098.94, the S&P 500 .SPX lost 6.63 points, or 0.31 percent, to 2,132.55 and the Nasdaq Composite .IXIC dropped 25.69 points, or 0.49 percent, to 5,213.33.

The Dow recovered from an intraday low of 17,959.95.

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KLSE StockAlliance:
14/10/2016 Stock Picks
1. CAB / SUNSURIA / HOMERIZ
2. KGB / ILB / N2N
3. Follow our channel closely during trading hours

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The Trusted Bursa Analyst:
Stocks to watch today are : !

KGB : Cut loss 0.28, TP 1: RM 0.33 , TP2: RM 0.44

Evergrn: Cut loss 1.04, TP1 :1.16, TP2 : 1.30

VS: Seems like going to breakout. Entry price at 1.46- 1.48. TP1: RM 1.58, TP2: RM 1.67, Stop loss at 1.43

Destini: Entry Price: Buying on breakout entry price: 0.84 – 0.85. TP1: RM 0.9, TP2: RM 1.00, Stop loss: RM 0.815.

Good luck this Friday

Follow Your Trusted Bursa Analyst Channel for stockpicks and daily update.

https://telegram.me/TTrustedBA

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Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS FRIDAY (14/10/2016):

FBMKLCI STRONG SUPPORT LIKE NO OTHER

Dear All,

The FBMKLCI closed lower at -2.01 point or -0.12% to close at 1665.02.

FBMKLCI remain sideways and supported so well like no other country. At this moment, we totally no idea how long our market can support.

DJIA finally break 18000 at the moment, if closing low it’s a big red alert signal which will possible continue to fall towards 17400. It’s highly possible to see a downtrend before US election. Unless later DJIA able to close high, forming a hammer candle, then will remain sideway.

We been waiting the market to fall, at such we are ready to collect good stock if any oversold happen. Don’t have to rush !

Follow us closely !
https://telegram.me/ltachannel !

If don’t want to get wet, ready umbrella every Friday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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M+ Online Morning Buzz – 14Oct16

Dow Jones: 18,098.94 pts (-45.26pts, -0.25%)
U.S. stockmarkets plunged at the start of the session on the back of further weakening of the Sterling Pound. However, bargain hunting activities emerged, recouping earlier losses and the Dow managed to close above the 18,000 level.

FBM KLCI: 1,665.02 pts (-2.01pts, -0.12%)
Tracking softer performance on the overnight Dow, negative sentiments may extend on Bursa Malaysia and the FBM KLCI may slid towards the 1,640 level.

Crude Palm Oil: RM2,618 (-RM35, -1.32%)
Crude palm oil pulled back after prices traded near the RM2,650 level on the back of mild profit taking activities. The support will be set around RM2,600

WTI Crude Oil: $50.44 (+$0.24, +0.48%)
Crude oil stayed above the US$50 level, the trend is still intact and may retest the US$55 level over the near term.

Gold: $1,258.09 (+$3.44, +0.27%)
Gold rebounded as market volatility heightened after the Dow fell below the 18,000 level. Gold may rebound towards the US$1,300 level.

Economic Releases:
China – China PPI Y.o.Y – 14Oct16, 9:30AM
China – China CPI Y.o.Y – 14Oct16, 9:30AM

Bursa Malaysia Trade Statistics – 13Oct16
Institutions:  Net BUY 51.6 mln (60.2%)
Retail:  Net SELL 5.6 mln (12.9%)
Foreign:  Net SELL 46.0 mln (26.9%)

Potential Momentum Stocks – 14Oct16
Stock Name: ILB (5614)
Entry: Buy above RM0.84
Target: RM0.89 (6.0%), RM0.975 (16.1%)
Stop: RM0.815 (-3.0%)
Shariah: No
Technical: Sideways consolidation breakout

Stock Name: SKPRES (7155)
Entry: Buy above RM1.33
Target: RM1.44 (8.3%), RM1.50 (12.8%)
Stop: RM1.28 (-3.8%)
Shariah: Yes
Technical: Short term trendline breakout

Source: Bloomberg, M+ Online

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FAt TA:
Salam and Morning All

MACRO : U.S. stocks slipped on Thursday led by falls in financial shares and following weak Chinese economic data but a late-day rebound in oil prices limited the day’s decline (investing. com).

MICRO :  Market was active yesterday despite index was in the red during majority of trading hours.

WHAT TO EXPECT? : Market looks good for further rally. Traders should be active on buying on weakness and selling on strength.

Below are my Watch List for SWING counters (14/10/2016)

SKPRES
EP : ABOVE 1.350
SL : BELOW 1.320
TP :  1.480

ECONBHD
EP : ABOVE 1.780
SL : BELOW 1.720
TP :  1.960

Happy trading.

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Dear My Value Client,
Potential stock to buy today:
Date/日期 : 14/10/2016

1) IQGROUP (5107)
Price/现价           : 2.23
Target price/目标价: 2.36/2.50
Cut loss/止损价    : 1.85
**syariah
Sector/领域: consumer

2) INARI (0166)
Price/现价           : 3.42
Target price/目标价: 3.66/3.82
Cut loss/止损价   : 3.18
** syariah
Sector/领域: technology

3) LATITUD (7006)
Price/现价           : 5.19
Target price/目标价: 5.73
Cut loss/止损价    : 4.62
**syariah
Sector/领域: consumer

4) AWC (7579)
Price/现价           : RM0.815
Target price/目标价: RM0.90
Cut loss/止损价   : RM0.73
**Syariah
Sector/领域: Trading and Services

Source : RHB RESEARCH INSTITUTE

Views – 202

Reuters-The S&P 500 and the Dow Jones industrial average indexes ended Wednesday’s session with small gains as expectations for timing on a rate hike were largely unchanged after U.S. Federal Reserve minutes and investors waited on earnings reports.

Several voting policymakers judged a rate hike would be warranted “relatively soon” if the U.S. economy continued to strengthen, according to minutes from the September policy meeting released Wednesday afternoon.

While keeping rates low has risks, the Fed decided it was more risky to raise rates when they are concerned we might be seeing a slowdown in economic growth, said Kate Warne, investment strategist at Edward Jones in St. Louis.

“Unfortunately, they also didn’t provide a lot of clarity,” Warne said.

Traders have priced in small odds of a rate increase next month as the meeting falls days ahead of the Nov. 8 U.S. presidential election. The odds were still in favor of a December move, but down to 66 percent from 71 percent the day before, according to CME Group’s FedWatch tool.

With little news from the Fed, investors will see what earnings look like before they buy more stocks, said Steve Massocca, Chief Investment Officer, Wedbush Equity Management LLC in San Francisco.

Overall, S&P 500 third-quarter earnings are currently expected to fall 0.7 percent, marking the fifth quarter of negative earnings in a row, according to Thomson Reuters data.

The Dow Jones industrial average .DJI rose 15.54 points, or 0.09 percent, to 18,144.2, the S&P 500 .SPX gained 2.45 points, or 0.11 percent, to 2,139.18 and the Nasdaq Composite .IXIC dipped 7.77 points, or 0.15 percent, to 5,239.02.

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KLSE StockAlliance:
13/10/2016 Stock Picks
1. PESTECH / PRLEXUS / TALIWRK
2. GUH / DBHD / SUNSURIA
3. IREKA / PANTECH / MMSV

Stock Alliance
The information contained in this channel is for general information purposes only. Any reliance you place on such information is therefore strictly at your own risk.
We hope to bring profit to everyone as we did in today.

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The Trusted Bursa Analyst:
Stocks to watch today are : !

Saudee: Trade with close monitoring. Cutloss at RM 0.29

Prlexus: Watch for breakout, it will fill previous gap.Cut if below: RM 1.51, Tp1: RM 1.62, Tp2: RM1.68

Scicom: Breakout ! cut if below RM 2.05, TP1: RM 2.14, TP2: RM 2.20

Follow Your Trusted Bursa Analyst Channel for stockpicks and daily update.

https://telegram.me/TTrustedBA

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Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS THURSDAY (13/10/2016):

FBMKLCI LOCAL FUND STRONG SUPPORTING

Dear All,

The FBMKLCI closed lower at -1.69 point or -0.10% to close at 1667.03.

FBMKLCI remain sideways and very strong supported at this level, believed to be related to BUDGET 2017.

DJIA seem to be also strongly supported above 18000 this level. Most probably also due to next month election.

Since the market have been sideways for too long, investor and punter start to immune and we see average goreng on selected counter.

Although yesterday market remain gloomy, our FIFO picks like PRTASCO, TEKSENG catch rebound again make us laughing all the way to the bank.

Today we like to special highlight on KIANJOO, as it has finally bottom up with volume. Since CANONE have making big spike up, and CANONE owned KIANJOO 30%+. It mean that KIANJOO should do well as well.

Besides KIANJOO have been offered by Aspire Insight Sdn Bhd at price RM 3.30 before (reject cause want higher offer), which mean when KIANJOO trading anything below RM 3.0 already at huge discount, especially when latest quarter result August have show significant profit recover.

KIANJOO still busy in expanding it’s production capacity which we see mid to long term also full of opportunity in investing this company.

Refer : http://www.thestar.com.my/business/business-news/2016/04/21/kian-joo-may-consider-better-offer/

If there are much higher offer price surface by others company then will highly possible trigger “LIMIT UP”.

Follow us closely !
https://telegram.me/ltachannel !

Before Learn to BARK, Learn how to Shut Up this Thursday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

Views – 190

Reuters-Wall Street rose on Monday morning amid gains across most sectors, driven by oil prices, and as Democrat Hillary Clinton was widely seen as the winner of the second presidential debate.

A Clinton presidency would be more positive for the markets because her positions are more well known than those of her Republican rival Donald Trump, according to a Reuters poll.

A CNN/ORC snap poll of debate watchers found that 57 percent thought Clinton won the encounter, versus 34 percent for Trump.

Oil prices rose 2.8 percent and touched their one-year high as speculators raised bets that prices would gain on the back of an agreement among OPEC producers to rein in record output levels. [O/R]

“Investors will ponder the presidential debate and follow the events in the commodity markets, especially oil,” said Peter Cardillo, chief market economist at First Standard Financial in New York.

Investors are also bracing for the third-quarter earnings season, which unofficially kicks off on Tuesday when aluminum producer Alcoa (AA.N) reports.

“The markets seem to be looking for a repeat of last quarter, with most companies exceeding Street consensus but obviously on a scaled back earnings growth,” Cardillo said.

Earnings of S&P 500 companies are expected to drop 0.7 percent, according to Thomson Reuters data.

The dollar .DXY, which has been swinging between gains and losses for the past five trading days, was up 0.2 percent against a basket of major currencies. The pound GBP= fell again on Monday.

The U.S. bond market was closed for the Columbus Day holiday.

At 9:39 a.m. ET (1339 GMT), the Dow Jones Industrial Average .DJI was up 127.61 points, or 0.7 percent, at 18,368.1.

The S&P 500 .SPX was up 12.42 points, or 0.58 percent, at 2,166.16 and the Nasdaq Composite .IXIC was up 34.29 points, or 0.65 percent, at 5,326.70.

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Market  News Roundup

1⃣ Airports said Sept saw the fastest growing number of passengers passing through the 39 airports that it manages in the country so far this year, with a 12.3% y-o-y growth.

2⃣ Kobay has appointed Koay Wooi Tatt as its COO. Wooi Tatt is the son of Koay Ah Bah @ Koay Cheng Hock, a non-independent non-executive director on Kobay’s board.

3⃣ Astro which has been impacted by expensive content & the sharp depreciation of the RM, is confident its content cost will be between 32% – 35% of its annual revenue in the next FY.

4⃣ Tropicana has revised its disposal price of the Sky Express Hotel in Bukit Bintang, KL, to RM58m from RM55m.

5⃣ APM has proposed to establish an Islamic commercial papers (ICP) programme and Islamic medium-term notes (IMTN), each with nominal value of up to RM1.5b.

6⃣ Perisai MD Datuk Zainol Izzet Mohamed Ishak has disposed of 36.53m shares or a 2.9%  stake in the company as part of a financing arrangement.

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The Trusted Bursa Analyst,
TUEADAY 11/10/2016

Dear Traders,

KLCI is at 1665.32 while the Djia is currently bullish at 18,355.78
Russia’s Prime Minister, Putin says Russia is ready to Join OPEC effort to limit oil supply.
Todays focus are mainly on chicken stocks and Oil and Gas Stocks, maybe some export counters.

Market Ideas for Tuesday , 11/10/2016:

Oil and Gas:
Skpetrol : Will gap up 1.65, cut loss 1.61.
Skpetrol C29 : Cut if below 0.17

DIALOG: will see it from 1.51 back to 1.53 at least. Cut loss point 1.50

Dnex : Cut below 0.255, possible to go to 0.305.

Chicken Stocks:
PWF: cut loss 0.78
CAB: cut loss 1.57
CCK: cut if below 0.585
FARMBES :cut if below 0.685

Let Tuesday be a good one !
Cheers.

Follow Your Trusted Bursa Analyst Channel for stockpicks and daily update.

https://telegram.me/TTrustedBA

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Logic Trading Analysis Channel,
BURSA MALAYSIA MARKET IDEAS TUESDAY (11/10/2016):

FBMKLCI STILL SIDEWAYS BUT LITTLE POSITIVE

Dear All,

The FBMKLCI closed lower at -0.06 point or -0.001% to close at 1665.32.

FBMKLCI yesterday remain unchange, seem to be continue moving sideways and once DJIA moving up, then will mostly move up a bit.

DJIA at the moment looks positive, if can close more than hundreds than potentially to boost up a bit our market sentiment and more stock may move higher.

As for today, if market turn to be better, stock to watch are like: HOMERIZ, CANONE, PENSONI, WCT and so many more!

Come join our channel for more Meletup Stock !

https://telegram.me/ltachannel !

Don’t Complaint and Grab anything that not Belong to you this Tuesday  !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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Tj:
For 11 October  .. Tuesday

iigg  6 daily stocks to watch

Dsonic
GCB
Johan
Johotin
Pelikan
Tienwah

Trade at your own risk .

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Dzulhilman M+ WM PR Traders:
Salam and Morning All

MACRO : U.S. stocks rose on Monday as energy shares gained with oil prices and as Apple  jumped due to rival Samsung Electronics’ worsening smartphone recall crisis (investing. com).

MICRO :  Market was active yesterday with plenty of counters starting to rev up in volumes.

WHAT TO EXPECT? : Fresh breakouts should be in focus. Already running ones should have trailing stop losses set.

Below are my Watch list for SWING counters (11/10/2016)

MINHO
EP : ABOVE 0.685
SL : BELOW 0.650
TP :  0.810

MALTON
EP : ABOVE 0.645
SL : BELOW 0.630

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M+ Online Morning Buzz – 11Oct16

Dow Jones: 18,329.04 pts (+88.55pts, +0.49%)
U.S. stockmarkets rebounded positively led by energy shares on the back of stronger crude oil prices above the US$50 per barrel mark. The Dow may retest the previous all-time-high zone near the 18,700 level.

FBM KLCI: 1,665.32 pts (-0.06pts, -0.00%)
The FBM KLCI ended on a flattish note above the 1,660 level amid softer trading volumes. However, tracking the positive tone on Wall Street, the FBM KLCI may revisit the 1,670 level.

Crude Palm Oil: RM2,542 (-RM19, -0.74%)
Crude palm oil pulled back below the RM2,600 level as palm oil inventories expanded for the first time in three months; palm oil stockpiles increased 5.7% M.o.M to 1.55 mln metric tons in September, according to MPOB data.

WTI Crude Oil: $51.35 (+$1.54, +3.09%)
Crude oil surged strongly above the US$50 level after Russia commented that they are ready to cooperate on the output caps.

Gold: $1,259.65 (+$2.57, +0.20%)
Gold extended its positive move for another session ahead of the Fed’s minutes later this month. Next resistance will be pegged around US$1,300.

Economic Releases:
Eurozone – Eurozone ZEW Economic Sentiment – 11Oct16, 5:00PM

Bursa Malaysia Trade Statistics – 10Oct16
Institutions:  Net BUY 44.7 mln (65.9%)
Retail:  Net SELL 19.5 mln (15.5%)
Foreign:  Net SELL 25.2 mln (18.6%)

Potential Momentum Stocks – 11Oct16
Stock Name: MINHO (5576)
Entry: Buy above RM0.670
Target: RM0.715 (6.7%), RM0.775 (15.7%)
Stop: RM0.650 (-3.0%)
Shariah: Yes
Technical: Channel breakout

Stock Name: CCK (7035)
Entry: Buy above RM0.605
Target: RM0.640 (5.8%), RM0.700 (15.7%)
Stop: RM0.570 (-5.8%)
Shariah: Yes
Technical: Breakout-pullback-continuation formation

Source: Bloomberg, M+ Online

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RHB♦Investment Bank Bhd

Dear My Value Clients,
Potential stocks to buy today:
Date/日期 : 11/10/2016

1) JAYCORP(7152)
Price/现价           : 1.47
Target price/目标价: 1.67
Cut loss/止损价   : 1.28
**Syariah
Sector/领域: Consumer

2) EVERGRN(5101)
Price/现价           : 1.06
Target price/目标价: 1.10/1.19
Cut loss/止损价    : 0.91
**Syariah
Sector/领域: Industrial Product

3) MIECO(5001)
Price/现价           : 0.98
Target price/目标价: 1.05/1.13
Cut loss/止损价   : 0.875
**Syariah
Sector/领域: Industrial Product

Source : RHB RESEARCH INSTITUTE

Views – 190

Reuters-The International Monetary Fund said on Sunday it is still fully engaged in talks to join the Greek bailout program and has not yet decided on what role it will take.

The IMF’s comment came after two sources with direct knowledge of the Greek bailout talks told Reuters on Saturday that negotiations for the fund to commit financial resources to the program are making little headway and the IMF likely would accept a special advisory status with limited powers.

“We remain fully engaged, with the aim of reaching agreement on a program that the fund can support with a new arrangement, as requested by the authorities,” IMF spokesman Gerry Rice said in an emailed statement on Sunday. “In this regard a mission team will visit Athens soon.”

Poul Thomsen, the IMF’s European Department director, said on Friday an IMF team would visit Athens in about a week or two to discuss a new program.

The IMF has been holding out for more than a year over the terms under which it would participate in any new Greek bailout, arguing that the fiscal targets set in the European bailout are unrealistic without major debt relief for Greece.

The sources told Reuters the IMF is increasingly resigned to European resistance to further Greek debt relief and is now in talks to accept a newly created role that would keep it at the table and let it play a part with limited formality.

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: TraderL:
STOCK TO WATCH ( 10/10/16, MONDAY)
1.) HEVEA
2.) NYLEX
3.) PENTA
4.) EKOVEST
5.) JOHOTIN
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: Musang Berjanggut:
Affin Hwang Investment Bank vice-president/head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said stocks in the technology, telecommunications and construction sectors would likely benefit from the 2017 Budget.

“Investors are likely to take a ‘wait and see’ approach, but in my view, we expect the government to focus on the digital economy, in order to boost the  economic contribution from the Internet and e-commerce marketplace.

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The Trusted Bursa Analyst:
Monday, 10 October 2016

Dear Savvy Investors,

KLCI closed low at 1,665 while DJIA closed little lower at 18,240.
The rest of the market around us closed low except for CHINA A50 which closed a little higher.
Australian ASX 200, HONG KONG HSI, Indonesia IDX, Jappan Nikkei, Korea Kospi, Taiwan Weighted, German Dax and Singapore STI all closed lower, hence I am expecting a not-so-exciting market this Monday.

• Rubber priced have lowered by a lot, hence a lot of BIG Rubber producers like KLK and SIME have been lowering their production in conjunction with TRC agreement to reduce exports to ease the supply glut.
• Sugar price has increase hence it will be higher operating cost for related counters like cocoland (although they said it is manageable), Nestle will be slightly affected and other sugar counter such as APOLLO, F&N, OFI, Hupseng , Dlady. MSM will be badly impacted.
• Perisai might be causing a domino effect to all the Oil and Gas Counters which are in debt. Hence trade cautiously in Oil And Gas Counters, although the Oil price is rallying, however for companies to start making money in Oil And Gas Industries, the current price is still way below the breakeven price of $58. Also, I think that OPEC will come out with an announcement stating that Agreement has not been sign.

Friday 8/10/2016 market ideas:

1. A&M: This one really need to put in important watchlist.

Continuation of stocks in our Watchlist :
1. Kimlun (midterm): seems seller not much, much more to go. First mentioned 2.14, highest is 2.22 lowest is 2.14, cut loss is at 2.06.
2. OCNCASH (midterm / contra) both also can. As long as it stay above the 0.4 line, it will have chance to shoot up. Strongly supported at 0.41, hopefully it will go lower to enable for collection.
3. WCT: First mentioned at 1.64, highest 1.72, currently at 1.68 which is the support.
4. Pwf (20/9) mentioned at 0.74 and reached a higest of 0.79. currently is at 0.785. lock profit it closes below 0.77
5. Suncon: 28/9 was at 1.62 level reached a highest of 1.73. If you have these just continue to hold. Already bullish, any retracement can consider to increase position in Suncon. Will be Seeing some correction.

6. HEVEA: Congrats if you have this. I already sold 1/2 of my holdings in this counter. However since there are many more sifu, guru, leaders who just start to notice this , I guess I will continue to hold on to this counter. I will cut if it fall below 1.29 else my TP for this is 1.40.
7. TALIWRK (refer to 6/10) don’t see many sellers for this counter. It will climb higher. 1.5 is the support is a nice time to enter ( cut if fall below 1.47)
8. OWG : bullish signs appear, it is now at its support. OWG cut if below 2.24. still above support line.
9. SKPETRO and DIALOG to rally along with oil. Just monitor oil price and then that will decide for you to whether continue stay in this counter. DIALOG cut loss at 1.51, SKPetro cutloss 1.60.
Monday Blue Strikes ! Be Positive so you that you don’t see all BLUE NOTES (RM1) We want Purple Notes ! (RM100)

Follow Your Trusted Bursa Analyst Channel for stockpicks and daily update.

https://telegram.me/TTrustedBA.

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Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS MONDAY (10/10/2016):

FBMKLCI BE CAREFUL AS DJIA NEVER BEEN SO STRANGE

Dear All,

The FBMKLCI closed lower at -1.35 point or -0.08% to close at 1665.38.

FBMKLCI last week very minimal moves, well supported but most of the stock not seem to be active and remain weak sentiment.

DJIA ever since the big fall on 9/9 until now, the movement has become highly unusual and have been never so volatile and undecided.

Personally don’t really like current market movement, it’s not normal and something unpredictable that will happen anytime.

Of course if nothing happen, then our market might slowly recovering the goreng mood and stock that remain in our list are like: MYEG, HEVEA, IQGROUP, WCT, TEKSENG.

Join our Live Channel for more lives call ~
https://telegram.me/ltachannel !

Must take a step to improve or will be left behind this Monday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis

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UOBKH Retail Market Monitor 10 October 2016

FBMKLCI 1,665.38 (-1.35)
Support: 1,648, 1,640
Resistance: 1,692, 1,700

Asian stocks fell ahead of a closely watched US payrolls report as stronger economic data fuelled bets that the Federal Reserve will raise interest rates this year.

Top Gainers: IOI Corporation (+1.6%), Sime Darby (+1.4%) and Astro Malaysia Holdings (+1.1%)
Top Losers: Genting Malaysia (-1.9%), British American Tobacco (-1.2%) and Malayan Banking (-0.9%)

Stocks to watch:
1) WILLOWGLEN MSC; Technical Buy with +16.9% potential return
*Last: RM0.74 Target: RM0.82, RM0.865 Stop: RM0.685
*Timeframe: 2 weeks to 2 months

2) IVORY PROPERTIES GROUP; Technical BUY on breakout with +28.6% potential return
*Last: RM0.42 Target: RM0.495, RM0.54, Stop: RM0.375
*Timeframe: 2 weeks to 2 months

3) MIECO CHIPBOARD; Technical BUY with +37.1% potential return
*Last: RM0.935 Target: RM1.18, RM1.33, Stop: RM0.875
*Timeframe: 2 weeks to 3 months

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RHB♦Investment Bank Bhd

Dear My Value Clients,
Potential stocks to buy today:
Date/日期 : 10/10/2016

1) BRIGHT (9938)
Price            : 0 37
Target price: 0.41
Cut loss       : 0 34
**Non -Syariah

2) HEVEA (5095)
Price             : 1.37
Target price : 1.49/1.54
Cut loss        :  1.20
**-Syariah

3) JOHOTIN  (7167)
Price             : 0.94
Target price : 1.00/ 1.06
Cut loss        : 0.815
**Syariah

4) BONIA  (9288)
Price           : 0.675
Target price: 0.735/0.79
Cut loss       : 0.65
**Syariah

5) CSCSTEL (5094)
Price              : 1.99
Target price  : 2.07/2.25
Cut loss        : 1.86
* Syariah

Source : RHB RESEARCH INSTITUTE
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Despite the firmer oil prices, the FBMKLCI was down by 1.35pts or 0.08% last Friday as investors waited for the US jobs numbers for an indication on the potential hike in the US interest rate in the months ahead. This week, the local market sentiment might be positive due to the pre-budget rally. Moreover, the recent rebound probably signals that a triangle pattern may be taking form. If this is the case, prices may climb to test the 1,675-1,680 resistance zones in the near term. We would only turn bullish for the short term if the index can push above 1,692-1,700. Resistance: 1,675 & 1,692. Support: 1,645 & 1,620.

Trading Stocks today:

Malaysia:
Mieco Chipboard (5001) (RM0.935): Buy
Target: RM1.13-1.19
Cut loss: RM0.89

Unisem M (5005) (RM2.55): Buy
Target: RM2.84
Cut loss: RM2.42

Singapore:
Pacific Radiance (S$0.169): Buy
Target: S$0.197
Cut loss: S$0.155

Oxley Holdings (S$0.46): Buy
Target: S$0.567
Cut loss: S$0.44

Hong Kong:
Taung Gold International (HK$0.106): Buy
Target: HK$0.128-0.135
Cut loss: HK$0.099

Credit China Fintech Holdings (HK$0.96): Sell
Target: HK$0.87-0.84
Stop loss: HK$1.01

Fundamental Report(s):

Water Treatment & Services – Not seeing any Splash for now (Maintained Neutral)

10th Oct 2016
Disclaimers: This distribution is by CIMB Investment Bank Berhad in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CIMB makes no recommendation, offer or invitation to transact in any securities, futures contracts or other instrument. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

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M+ Online Morning Buzz – 10Oct16

Dow Jones: 18,240.49 pts (-28.01pts, -0.15%)
Wall Street continues to stay within the range between the 18,000-18,400 levels as traders and investors are still cautious on the outcome for U.S. presidential election.

FBM KLCI: 1,665.38 pts (-1.35pts, -0.08%)
Despite a mild pullback on Friday, the FBM KLCI maintained its position above the 1,660 level. Upside target will be envisaged around the 1,680 level.

Crude Palm Oil: RM2,561 (-RM18, -0.70%)
Crude palm oil retested the RM2,600 level and ended lower on Friday, price may consolidate further around the RM2,500 level.

WTI Crude Oil: $49.81 (-$0.63, -1.24%)
Crude oil revisited the US$50 per barrel mark and profit taking activities emerged amid a rise in U.S. rigs, price may pullback towards the US$46 level on the back of profit taking activities.

Gold: $1,257.08 (+$2.70, +0.22%)
Gold rebounded near the US$1,250 level forming a potential recovery pattern towards the US$1,300 level.

Bursa Malaysia Trade Statistics – 7Oct16
Institutions:  Net BUY 118.1 mln (63.0%)
Retail:  Net SELL 24.7 mln (13.4%)
Foreign:  Net SELL 93.4 mln (23.6%)

Potential Momentum Stocks – 10Oct16
Stock Name: GCB (5102)
Entry: Buy above RM1.05
Target: RM1.16 (10.5%), RM1.20 (14.3%)
Stop: RM1.02 (-2.9%)
Shariah: No
Technical: Flag formation breakout

Stock Name: EVERGRN (5101)
Entry: Buy above RM0.96
Target: RM1.06 (10.4%), RM1.10 (14.6%)
Stop: RM0.905 (-5.7%)
Shariah: Yes
Technical: Potential sideways consolidation breakout

Source: Bloomberg, M+ Online

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Market News Roundup

1⃣ Deleum price rose 8.5% over the past 2days to RM1.15, confirmed that its chairman Datuk Izham Mahmud has received several share acquisition requests.

2⃣ CME has bagged a contract to supply fire fighting vehicles and provide maintenance services to Petronas Refinery & Petrochemical, worth RM48.82m.

3⃣ REDtone is selling REDTone Asia Inc for RM23.78m, to streamline and rationalise its operations including the divestment of non-income generating subsidiaries.

4⃣ MSM has awarded an RM18.3m contract for the construction of a TNB substation and other ancillaries and associated works.

5⃣ MSC appoints Patrick Yong as its new CEO. Yong has more than 40 years of experience in global business operations in several business.

Views – 247

RHB Investment Bank

Dear trader,
Potential stock to buy today:
07/10/2016

1) PENSONI (9997)
Price : RM 0.81
Target price: RM 0.925
Cut loss : RM 0.75
*Counter : Non -Syariah

2) PENTA (7160)
Price : RM 1.33
Target price: RM 1.50
Cut loss : RM 1.14
* Counter : Syariah

3) SUNCON (5263)
Price : RM 1.70
Target price: RM 1.87/2.00
Cut loss : RM 1.60
* Counter : Non- Syariah

4) POS ( 4634)
Price : RM 3.85
Target price: RM 4.45
Cut loss : RM 3.57
* Counter : Syariah

5) MATRIX ( 5236)
Price : RM 2.65
Target price: RM 2.80/3.00
Cut loss : RM 2.37
*Counter : Syariah

6) MEXTER (0075)
Price : 0.265
Target price: 0.325
Cut loss : 0.25
* Counter : Non-Syariah

Source : RHB RESEARCH INSTITUTE

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: ⛽ U.S. crude settled above $50 for the first time since June, underpinned by news of another informal OPEC meeting on output cuts and a surprise drop in stockpiles. Trading, however, was choppy after a price gain of 15% in seven sessions.
* Crude oil $50.44 (+0.61)
* Brent crude $52.54 (+0.68)

Initial claims for state unemployment benefits unexpectedly declined by 5,000 to a seasonally adjusted 249,000 for the week to Oct. 1. The U.S. dollar rose to the highest in more than two months against a basket of currencies as the data reinforced the view that the Fed would raise rates at the end of the year.

U.S. stocks closed near the flatline on Thursday as investors looked ahead to a key employment report.
* Dow -12
* S&P +1
* Nasdaq -9

President Barack Obama declared a state of emergency for Florida and South Carolina on Thursday, as Florida Gov. Rick Scott, begged residents to flee from the predicted landfall of Hurricane Matthew, which is expected to be a Category 4 storm when hits land.

Richmond Fed President Lacker said a strong U.S. jobs report is going to bolster the case for an interest rate increase sooner rather than later, and that “every FOMC meeting is a live meeting” to raise interest rates.

€ European stocks were down as raw-material producing stocks and mining companies fall with the price of Dec. Mining companies fall with the price of Dec COMEX copper down -0.46% at a 3-week low. The week-long holiday in China has reduced demand for copper while a stronger dollar undercuts most commodity prices.

Gold fell for the eighth straight session on Thursday, slipping to a four-month low, pressured by a stronger dollar after U.S. weekly jobless claims fell and ahead of key data that could put the Federal Reserve on track to raise interest rates this year.

FCPO (RM2579, +23) rebounded in the last hour to close higher. Buying was led by profit taking and short covering after 2 1/2 days of relatively sharp losses. Market was under pressure early in the session due to forecast of higher production in October. Fresh factors are still lacking. Nevertheless, the oversold stochastic might bring utter rebound. Nearby premium to forwards month contract narrowing.

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: Logic Trading Analysis:
BURSA MALAYSIA MARKET IDEAS FRIDAY (07/10/2016):

FBMKLCI VERY UNCERTAIN BUT FAKELY SUPPORTED

Dear All,

The FBMKLCI closed higher at +3.81 point or +0.23% to close at 1666.73.

FBMKLCI yesterday very minimal move remain unchanged again most of the stock under correction.

DJIA remain hovering above 18000, again still very uncertain move around this range. Most probably the market will make us a surprise big up, or another way big waterfall. Do ready our seat belt for the fast and furious.

Although market pretty slow, a few our stock like WCT, EKOVEST have been Meletup kuat.

Do watch closely MYEG as it seem to be going to meletup again

It’s almost time for delivery, and we are ready for this Friday !

“Goreng Tetap Goreng” !

Yours Sincerely,
Logic Trading Analysis
[07/10 09:28] R

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: TheBursa Analyst:

Friday, 7 October 2016

Dear Retailers,

KLCI up +3.81 to close higher at 1,666.73, DJIA currently unsure of its direction and sits at 18,268. Crude oil is trading at 50, USD strengthen agains MYR and is currently at 4.15. Despite oil prices going up how come our ringgit is not moving ? is it a hint to play on export counters?

Friday 7/10/2016 market ideas:

1. WCT: mainly playing on budget announcement. Today up up again. Cut if close below 1.68.
2. HEVEA: It is trading at its resistance of 1.27, which will determine whether it will break out or not. You can que lower , or you can buy at breakout 1.28. Cut loss if it goes below 1.24.
3. TALIWRK (refer to 6/10) really many FIFO play but holders don’t worry, it is at support now. I think this counter will give love letter soon.
4. OWG : bullish signs appear, it is now at its support. OWG cut if below 2.24.
5. SKPETRO and DIALOG to rally along with oil. SKPETRO cut if below 1.59 and DIALOG close below 1.5 then cut loss. SKPETRO is up up and DIALOG is currently on support.

Continue to follow:
1. Kimlun (midterm): First highlighted two days ago when price was 2.14. any pull back is a good chance to enter and remain TP of 2.50.
2. OCNCASH (midterm / contra) both also can. As long as it stay above the 0.4 line, it will have chance to shoot up.
3. WCT cut loss refer to 6/10/2016
4. Pwf (20/9), suncon 28/9 If you have these just continue to hold. Already bullish, any retracement can consider to increase position in suncon.

FRIDAY ! SALES DAY !

Views – 222