++++++++++++++++
M+ Online Morning Buzz – 29Nov16
Dow Jones: 19,097.90 pts (-54.24pts, -0.28%)
U.S. stockmarkets retreated from their all-time high levels as the Dow snapped a streak of four consecutive winning days after banking shares slipped.
FBM KLCI: 1,628.66 pts (+1.40pts, +0.09%)
The FBM KLCI extended its gains yesterday owing to the buying support in selective index heavyweights. The immediate resistance level is located around the 1,630 level.
Crude Palm Oil: RM3,077 (+RM45, +1.48%)
Crude palm oil prices rose to four-years high, lifted by the weakness in Ringgit Malaysia against the Greenback. The RM3,100 level will serve as the next resistance level.
WTI Crude Oil: $47.08 (+$0.66, +1.43%)
Crude oil prices staged a sharp recovery after Iraq has agreed to join other OPEC members in relation to a potential supply cut deal. Crude oil prices might trend between the US$43-US$50 levels.
Gold: $1,194.00 (+$10.44, +0.88%)
Gold prices closed higher on renewed volatility in the equities market. The US$1,200 level will serve as the next resistance level.
Economic Releases:
JP – Japan’s Unemployment Rate – 29Nov16, 7.30AM
EU – Eurozone’s Business Confidence – 29Nov16, 6.00PM
Bursa Malaysia Trade Statistics – 28Nov16
Institutions: Net BUY 47.9 mln (59.4%)
Retail: Net SELL 3.2 mln (17.2%)
Foreign: Net SELL 44.7 mln (23.4%)
Potential Momentum Stocks – 29Nov16
Stock Name: WILLOW (0008)
Entry: Buy above RM0.77
Target: RM0.81 (5.2%), RM0.855 (11.0%)
Stop: RM0.74 (-3.9%)
Shariah: Yes
Technical: Sideways consolidation breakout
Stock Name: UNIMECH (7091)
Entry: Buy above RM1.130
Target: RM1.23 (8.8%), RM1.34 (18.6%)
Stop: RM1.07 (-5.3%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
++++++++++++++++++
Uob Kay Hian Daily Top Pick,
Mieco, 5001
Close, 1.23
Buy TP, 1.33, 1.47
Support, 1.12
SL, 1.11
Time Frame, 2 Weeks to 2 Months
Mfcb, 3069
Close, 2.36
Buy, TP, 0 2.54, 2.61
Support, 2.17
SL, 2.16
Time frame 2 weeks to 2 months
Jtiasa, 4383
Close, 1.43
Breakout, 1.47
Buy TP, 1.60, 1.68
Support, 1.30
SL, 1.29
Time frame, 2 weeks to 2 months
Thanks
++++++++++++++
BursaKakis Channel :
BKs Technical Ideas 29/11/2016
1) Arank
2) Accsoft
Kindly refer to charts posted in BKs Channel.
Our Telegram Link: telegram.me/bursakakis
Our Facebook Link : https://www.facebook.com/groups/192414771167397/
DISCLAIMER: The comments here are for sharing and learning purposes and do not represent a recommendation to buy or sell. Kindly consult your remisiers or dealers before you take any action. Thank you.
Karex, Barakah, Manulife, Tan Chong Motors, UMWOG, TH Plantations, AWC, Scomi Group, MCT, Multi-Usage and TRC Synergy | The Edge Markets
http://www.theedgemarkets.com/en/article/karex-barakah-manulife-tan-chong-motors-umwog-th-plantations-awc-scomi-group-mct-multi-usage
+++++++++++++++
TradetheHotstocks:
Market News Roundup
1⃣ TRC said it has received a notice of termination from MMC Gamuda KVMRT SB for works related to the new Sg Buloh-Serdang-Putrajaya MRT Line 2.
Financial Result Highlight
KAREX expects revenue contribution from the Europe market to double in FY17, thanks to its newly-acquired UK subsidiary, Pasante Healthcare Ltd.
BARAKAH registered a net profit of RM1.97m compared with a net loss of RM15.44m a year ago, as a result of the cost reduction exercise that was implemented since the beginning of FY16.
MANULIFE’s net profit fell by 20.8% to RM12.64m in 3QFY16, result from a low interest environment, worsening claims experience, high medical costs and channel distribution expansion costs.
TCHONG posted a 3rd quarterly net loss of RM4.5m in 3QFY16 compared with a net profit of RM29.18m a year ago, mainly impacted by forex rates and the weaker ringgit.
THPLANT’s 3Q net profit jumped 210% to RM19.18m from RM6.19m a year earlier, on higher average prices for oil palm fresh fruit bunch, palm kernel and crude palm oil.
AWC’s net profit increased >4x to RM5.44m (2.1 sen/share) in 1QFY17 due to higher revenue contributions.
Sources: theedgemarkets.com ; thestar.com
29th November, 2016 Overnight Markets Roundup
US MARKET
DJIA : 19,097.90 (-54.24)
S&P500 : 2,201.72 (-11.63)
NASDAQ : 5,368.81 (-30.11)
VIX : 13.15 (+0.81)
US stocks declined for their worst performance in nearly a month, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week.
EUROPE/UK MARKET
FTSE : 6,799.47 (-41.28)
DAX : 10,582.67 (-116.60)
CAC 40 : 4,510.39 (-39.88)
European shares fell, weighed down by a drop in banks which were led lower by Italian lenders on continued worries over a cash call at troubled lender Monte dei Paschi.
CHINA/HK MARKET
SHANGHAI : 3,277.10 (+15.16)
HSI : 22,830.57 (+107.12)
China’s blue-chip Index rose, with upbeat industrial profit data strengthening belief that the Chinese economy has bottomed out, making risk assets such as equities more attractive than bonds.
JAPAN MARKET
Nikkei : 18,356.89 (-24.33)
Japanese shares erased early losses as domestic investors scooped up financials and defensive shares, helping the broader Topix index to log a rise for a 12th consecutive day.
M’SIA MARKET
KLCI : 1,628.66 (+1.40)
Fund buying of Maxis, Genting Msia & Sime shored up the KLCI slightly but the broader market was cautious due to the weak ringgit.
⬆225⬇594↔318
OIL
WTI : 46.91
Brent : 48.99
Oil prices pared gains after a source said OPEC experts ended their meeting on Monday without agreeing on concrete details of a planned reduction in oil output by individual countries.
GOLD
GOLD : 1,193.00
Gold prices rose more than 1%, as the dollar and long-dated US Treasury bond yields retreated from recent highs.
FX & BONDS
USD/MYR : 4.4615
EUR/MYR : 4.7352
GBP/MYR : 5.5392
AUD/MYR : 3.3380
HKD/MYR : 0.5752
SGD/MYR : 3.1329
USD/JPY : 111.93
Msia 10 yr Bond Yield : 4.346%
US 10 yr Bond Yield : 2.312%
28/11 BURSA TRADE STAT
Retail (17.2%) – net SELL RM3.17M
Institution (59.4%) – net BUY RM47.91M
Foreign (23.4%) – net SELL RM44.74M
Total traded value RM1.435B
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:
Stocks to monitor 29/11/2016:
TDM (result play)
GUNUNG (rumour play)
ECONBHD (rumour play)
All the best.
±++++++++++++
Logic Trading Analysis Channel:
BURSA MALAYSIA MARKET IDEAS TUESDAY (29/11/2016):
FBMKLCI REMAIN SUPPORT WITH LOW GEAR
Dear All,
The FBMKLCI closed higher at +1.4 point or +0.09% to close at 1628.66.
FBMKLCI sideways at bottom have some support again with very low gear, not much high speed trading happen yet, mean we still need to wait if want to play short term.
DJIA break new high last week, any correction is healthy at the moment, as long as not a big crashing down movement.
We remain stay and watch until market turn strong.
Welcome to our live channel :
https://telegram.me/ltachannel !
A Journey of a Millions Miles must begin with a Single Click this Tuesday! !
“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis
Views – 291
Analisis 30/11/2016
BursaKakis Channel , [30.11.16 10:13]
Uob Kay Hian Daily Top Pick, 30 Nov 2016
Goodway, 7192
Close, 0.63
Breakout, 0.655
Buy TP, 0.73, 0.775
Support, 0.59
SL, 0.585
Time Frame, 2 Weeks to 2 Months
Saudee, 5157
Close, 0.29
Breakout, 0.31
Buy, TP, 0.365, 0.395
Support, 0.275
SL, 0.27
Time frame 2 weeks to 2 months
Mlglobal, 7595
Close, 0.83
Breakout, 0.83
Buy TP, 0.92, 0.995
Support, 0.77
SL, 0.765
Time frame, 2 weeks to 2 months
Thanks
++++++++++++
BursaKakis Channel , [30.11.16 08:55]
[Forwarded from Itchy Itchy Trader Club (J C)]
M+ Online Morning Buzz – 30Nov16
Dow Jones: 19,121.60 pts (+23.70pts, +0.12%)
U.S. stockmarkets rebounded overnight as the Dow rose 0.1% on stronger-than-expected economic data.
FBM KLCI: 1,626.93 pts (-1.73pts, -0.11%)
Despite opening higher at the start of the trading bell, quick profit taking amongst selective telco heavyweights sent the FBM KLCI 0.1% lower. The immediate resistance level is located around the 1,630 level.
Crude Palm Oil: RM3,050 (-RM27, -0.88%)
Crude palm oil prices halted a sixth straight sessions of gains, taking cue from the weakness in soybean oil prices. The RM3,100 level will serve as the next resistance level.
WTI Crude Oil: $45.23 (-$1.82, -3.87%)
Crude oil prices slipped owing to the uncertainty of OPEC meeting later today. Crude oil prices might trend between the US43-US$50 levels.
Gold: $1,188.31 (-$4.37, -0.37%)
Gold prices declined on increasing expectations of US interest rate hike. The US$1,200 level will serve as the next resistance level.
Economic Releases:
MY – Malaysia’s October Producer Price Index – 30Nov16, 12.00PM
EU – Eurozone’s November Flash Inflation Rate – 30Nov16, 6.00PM
US – US’ ADP Employment Change – 30Nov16, 9.15PM
Bursa Malaysia Trade Statistics – 29Nov16
Institutions: Net BUY 168.7 mln (57.9%)
Retail: Net SELL 20.6 mln (13.8%)
Foreign: Net SELL 148.1 mln (28.3%)
Potential Momentum Stocks – 30Nov16
Stock Name: OWG (5260)
Entry: Buy above RM2.37
Target: RM2.54 (7.2%), RM2.75 (16.0%)
Stop: RM2.22 (-6.3%)
Shariah: No
Technical: Monitor for breakout
Stock Name: REXIT (0106)
Entry: Buy above RM0.62
Target: RM0.685 (10.5%), RM0.755 (21.8%)
Stop: RM0.595 (-4.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation formation
+++++++++++++++
BursaKakis Channel , [29.11.16 19:07]
BKs Technical Ideas 30/11/2016
1) Owg
Kindly refer to chart 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.
++++++++++++=
BursaKakis Channel , [30.11.16 06:23]
[Forwarded from THOMAS TF LIM]
Melewar, Ahmad Zaki, Alliance, Panasonic, Lafarge, Litrak, Kimlun, DRB-Hicom, PBA, My EG Services, Karex, Mudajaya, Power Root, Dutch Lady, Benalec, Media Prima, Allianz & Sime Darb | The Edge Markets
http://www.theedgemarkets.com/en/article/melewar-ahmad-zaki-alliance-panasonic-lafarge-litrak-kimlun-drb-hicom-pba-my-eg-services
+++++++++++++++++=
TradetheHotstocks, [30.11.16 06:51]
Market News Roundup
1⃣ KIMLUN has bagged a contract worth RM52.8m to supply and deliver precast concrete tunnel segment linings to the MRT2 project.
Financial Result Highlight
AZRB saw its net profit jump 93% to RM8.52m (1.76 sen/share) for 3QFY16, its construction division is expected to register continued strong performance.
AFG’s net profit for 2QFY17 dipped to RM132.58m, vs RM134.66m a year earlier. The group declared an interim dividend of 8.5 sen per share.
PANASONIC’s net profit fell 23.62% to RM30.78m in 2QFY17, on higher opex and lower share of profits from an associated company.
LAFARGE’s net profit for 3QFY16 plunged 94.7% to RM3.7m (0.4 sen/share), due to lower sales contribution from the cement segment as a result of soft market demand.
DRB-HICOM posted its 4th straight quarterly loss with a net loss of RM309.63m (16.02 sen loss/share) in 2QFY17. The group’s performance for FY17 will continue to remain challenging.
PBA saw its net profit jump by 73.31% to RM22.74m for 3QFY16, mainly driven by recognition of income for transfer of assets from customers.
MYEG’s net profit for 1QFY16, rose 42.2% to RM40.5m (1.7 sen/share), expects continued growth in volume of its existing services.
KAREX reported a 63.5% fall in net profit to RM8.14m (81 sen/share) for 1QFY17, due to lower forex gain.
POWER ROOT’s net profit fell 13.57% to RM12.23m in 2QFY17, on lower forex gain.
Sources: theedgemarkets.com ; thestar.com
TradetheHotstocks, [30.11.16 06:53]
30th November,2016 Overnight Markets Roundup
US MARKET
DJIA : 19,121.60 (+23.70)
S&P500 : 2,204.66 (+2.94)
NASDAQ : 5,379.92 (+11.11)
VIX : 12.90 (-0.25)
US stocks edged higher as an upbeat outlook from UnitedHealth lifted health insurers, though a sharp drop in oil prices weighed on energy shares and limited the advance.
EUROPE/UK MARKET
FTSE : 6,772.00 (-27.47)
DAX : 10,620.49 (+37.82)
CAC 40 : 4,551.46 (+41.07)
European shares rose slightly, helped by a strong rebound in Italian banks, while reports of a improved takeover offer sent Swiss biotech Actelion rallying to a fresh all-time high.
CHINA/HK MARKET
SHANGHAI : 3,283.36 (+6.36)
HSI : 22,737.07 (-93.50)
China’s blue-chip index rose, encouraged by more signs that China’s economy is stabilizing, with a Reuters poll showing manufacturing sector activity likely held onto a modest expansionary trend this month.
HK markets fell, weighed down by energy shares as oil prices dropped on doubts that OPEC would hammer out an output cut.
JAPAN MARKET
Nikkei : 18,307.04 (-49.85)
Japanese stocks dropped in thin trade after Wall Street fell, while a stronger yen hurt sentiment and insurers took a breather from recent gains.
M’SIA MARKET
KLCI : 1,626.93 (-1.73)
Blue chips closed lower, weighed down by losses in Maxis, Genting & Tenaga.
OIL
WTI : 45.26
Brent : 47.31
Oil fell 4% as an OPEC deal to curb output appeared in jeopardy after Iran and Saudi Arabia failed to bridge differences.
GOLD
GOLD : 1,186.50
Gold prices fell due to expectations of rising US interest rates and a higher dollar and improving sentiment for global economic growth.
FX & BONDS
USD/MYR : 4.4623
EUR/MYR : 4.7522
GBP/MYR : 5.5758
AUD/MYR : 3.3392
HKD/MYR : 0.5753
SGD/MYR : 3.1316
USD/JPY : 112.41
Msia 10 yr Bond Yield : 4.448%
US 10 yr Bond Yield : 2.293%
29/11 BURSA TRADE STAT
Retail (13.8%) – net SELL RM20.57M
Institution (57.9%) – net BUY RM168.70M
Foreign (28.3%) – net SELL RM148.13M
Total traded value RM1.716B
By SARA H’NG/ALAN TAN
Sources: investing.com, cnbc.com, reuters.com, bloomberg.com, barrons.com, klsescreener.com, theedgemarkets.com & thestar.com
+++++++++++++
Logic Trading Analysis Channel, [29.11.16 21:26]
BURSA MALAYSIA MARKET IDEAS WEDNESDAY (30/11/2016):
FBMKLCI THE END OF GLOOMY NOVEMBER
Dear All,
The FBMKLCI closed lower at -1.73 point or -0.11% to close at 1626.93.
FBMKLCI sideways at bottom have some support again until the end of November, will it start moving up in December or go worst then it will depends on whether 1611 support will be broken or not.
DJIA is still trading at new high area, if no big crashing down, then market remain safe and sound. Unless coming to December, further respond from Interest rate hike by Fed, if market respond badly crashing down below 18750, then whole world will be once again being hit.
Very soon market will come back !
Welcome to our live channel :
https://telegram.me/ltachannel !
Life is like a chess game, you learn every wrong move that make you lost this Wednesday !
“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis
Views – 271