KLSE Stock Signals

8Aug

FBM KLCI Index Gained 0.64% on Tuesday

The FBM KLCI index gained 11.34 points or 0.64% on Tuesday. The Finance Index increased 0.21% to 17505.93 points, the Properties Index up 0.89% to 1073.89 points and the Plantation Index rose 1.08% to 7709.21 points. The market traded within a range of 9.76 points between an intra-day high of 1791.98 and a low of 1782.22 during the session.

8 aug

 

Actively traded stocks include FRONTKN, HUAAN, MRCB, BORNOIL, HSI-C3O, IRIS, MYEG, UCREST, SAPNRG and NOVAMSC. Trading volume increased to 2530.85 mil shares worth RM2327.32 mil as compared to Monday’s 2123.73 mil shares worth RM1702.48 mil.

Leading Movers were PMETAL (+20 sen to RM4.89), DIGI (+19 sen to RM4.71), KLCC (+19 sen to RM7.80), IOICORP (+10 sen to RM4.70) and PETGAS (+38 sen to RM19.00). Lagging Movers were MAHB (-45 sen to RM9.35), MISC (-6 sen to RM6.46), DIALOG (-3 sen to RM3.35), PETDAG (-0 sen to RM26.80) and HLFG (-0 sen to RM17.88).

Market breadth was positive with 576 gainers as compared to 328 losers. The KLCI surged to 1791.09 points amid overnight gains in US markets. The performance of our local bourse was in tandem with most of our regional peers

8 aug 2

 

 

 

 

 

18Jul

KLCI Index Gained 0.61% on Tuesday

18-7-18

The FBM KLCI index gained 10.61 points or 0.61% on Tuesday. The Finance Index increased 0.56% to 17134.01 points, the Properties Index dropped 0.05% to 1028.77 points and the Plantation Index down 0.96% to 7447.5 points. The market traded within a range of 11.24 points between an intra-day high of 1737.28 and a low of 1726.04 during the session. Actively traded stocks include MYEG, MRCB, SAPNRG, APFT, HSI-H4I, VIVOCOM, NOVAMSC, YTL, HSI-C3O and KEYASIC. Trading volume increased to 2339.21 mil shares worth RM2144.40 mil as compared to Monday’s 2043.91 mil shares worth RM1991.33 mil.

 

Leading Movers were DIGI (+32 sen to RM4.59), PBBANK (+58 sen to RM23.60), GENM (+6 sen to RM5.06), TENAGA (+14 sen to RM14.78) and AXIATA (+4 sen to RM4.23). Lagging Movers were IOICORP (-10 sen to RM4.40), SIMEPLT (-9 sen to RM5.23), DIALOG (-3 sen to RM3.25), PETCHEM (-7 sen to RM8.80) and HLFG (-10 sen to RM18.40). Market breadth was positive with 473 gainers as compared to 376 losers. The KLCI closed higher at 1737.28 points despite overnight mixed performance in US market. The performance of our local bourse was lifted by buying interest in heavy weight counters led by Digi.

blog 18-7

 


 

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11Jul

Daily Stock Signals : FBM KLCI index gained

The FBM KLCI index gained 14.50 points or 0.87% on Tuesday. The Finance Index increased 0.54% to 16521.46 points, the Properties Index up 0.81% to 1016.42 points and the Plantation Index rose 0.80% to 7512.3 points. The market traded within a range of 12.08 points between an intra-day high of 1687.13 and a low of 1675.05 during the session. Actively traded stocks include HSI-H4I, TOPGLOV-C31, HSI-H4B, TOPGLOV, SAPNRG, BORNOIL, HSI-C3O, BARAKAH, HSI-C3N and NOVAMSC. Trading volume decreased to 1993.75 mil shares worth RM2235.95 mil as compared to Monday’s 2012.24 mil shares worth RM2044.69 mil. Leading Movers were TM (+10 sen to RM3.45), PETGAS (+48 sen to RM17.66), SIME (+6 sen to RM2.40), MISC (+15 sen to RM6.06) and MAXIS (+13 sen to RM5.40). Lagging Movers were DIALOG (-4 sen to RM3.11), RHBBANK (-2 sen to RM5.33), PBBANK (-0 sen to RM22.54), KLCC (-0 sen to RM7.60) and NESTLE (-10 sen to RM148.10). Market breadth was positive with 455 gainers as compared to 341 losers. The KLCI extended its gains and closed higher at 1687.13 points amid overnight rally in US market. The performance of our local bourse was in tandem with most of our regional peers as investors taking cues from the rally in US stocks.

 

FKLI

top5 11 jul

 


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3Jul

Daily KLSE Update

 TA Enterprise Bhd  rose 2.27% in early trade Tuesday after co-founder and non-executive chairman Datuk Tony Tiah Thee Kian made a RM755mil bid for the company. The counter rose 2.27%, or 1.5 sen to 67.5 sen. It is one of the most active counter with 2.57 million shares traded. Tiah has launched a mandatory takeover offer (MGO) for TA Enterprise Bhd at 66 sen per share after acquiring 14.33 million shares or a 0.84% stake in the stockbroking firm for prices between 61 sen and 66 sen from the open market. Following the acquisition, Tiah holds 558.35 million shares or a 32.62% stake in TA Enterprise. Together with persons acting in concert (PACs) with him, who hold 7.89 million shares or a 0.46% stake in the group, Tiah and the PACs collectively own 566.24 million shares or a 33.08% stake in TA Enterprise.

bizdx_ahz_2906_AstroPDF

CIMB Equities Research has lowered its target for the FBM KLCI for 2018, still based on 15.4 times price-to-earnings (P/E) from 1,767 to 1,675 to reflect recent changes in the constituents of the 30-stock index. In its strategy report for the third quarter released on Tuesday, it said the P/E at 15.4 times, was one standard deviation below the three year mean. “We project that KLCI earnings will grow by 6% in 2018 and 8% in 2019. Our analysis of market earnings forecasts reveal that the bulk of the earnings growth will be driven by banks, the Genting group and Malaysia Airports,” it said. CIMB Research expects the Malaysian equity market to remain volatile in 2H18 as the ongoing review of policies could pose some earnings risks for corporates.

CIMB IB Research has lowered its end-2018 KLCI target to 1,675 points (based on 15.4x forward P/E) to reflect changes in KLCI constituents and said it expects the market to remain volatile in 2H18 due to short-term uncertainties. In a strategy note July 2, the research house said the ongoing review of policies and global trade tensions may impact near-term corporate earnings and delay investment decisions. CIMB Research said it expects these concerns to be priced in by November and the market to rebound in the latter part of the year as potential benefits from the reforms are accrued. “We advise investors to stay defensive and accumulate stocks that offer attractive valuations and/or strong growth prospects following the recent sell-downs. “We lower our end-2018 KLCI target to 1,675 points (based on 15.4x forward P/E) to reflect changes in KLCI constituents,” it said.  The research house said its top sector picks are oil and gas, rubber gloves, tobacco and selected small caps.

 

 

26Jun

Malaysia Stock Market

Ringgit falls to a five-month low as foreign funds continue to sell the nation’s stocks on concerns over the fiscal implications from the 1MDB scandal and as China-U.S. trade tensions simmer.  USD/MYR rises 0.1% to 4.0212; touched 4.0227, highest since Jan. 4 as foreign investors were net sellers of stocks on Monday for the 34th consecutive session. 1-month implied volatility increases 2 vol to 5.50%. Support for spot 3.9825, 3.9505, 3.9430; resistance 4.0352, 4.0477, 4.0920. Sentiment towards EM Asian FX is fragile after the PBOC’s targeted RRR cut failed to lend support and the yuan renewed recent declines, says Ken Cheung, a senior currency strategist at Mizuho Bank in Hong Kong. Still, the recent drop in the dollar should provide some respite to regional currencies. JPMorgan Chase is underweight Malaysian stocks to reprice policy risks after surprise election outcome

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Rising tensions between the US and other major countries especially China continued to weigh on equities markets, with key Asian markets including Bursa Malaysia following Wall Street lower.
At 9.12am, the FBM KLCI was down 2.19 points or 0.13% to 2,675.91. Turnover was 228.54 million shares valued at RM73.89mil. There were 87 gainers, 233 losers and 147 counters unchanged. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.1%. Japan’s Nikkei lost 0.8%, South Korea’s Kospi fell 0.55% and Australian stocks dropped 0.6%. On the outlook for the KLCI, CIMB Equities Research said the index’s “down leg” from the 2018 peak of 1,896 should be ending over the next few weeks. 

 

PPB Group lost 18 sen to RM19.46, Hap Seng and UMW nine sen each to RM9.68 and RM6.17 while Genting Malaysia lost seven sen to RM4.81. Padini lost eight sen to RM5.52, Vitrox six sen lower at RM5.60 and NTPM was down 5.5 sen to 53 sen were down 8% in early trade after the company reported a 95% slump in profits in the third quarter ended April 30. The steelmaker shed 8.33%, or three sen to 33 sen with over three million shares traded. Hiapteck-WB fell 14.29%, or two sen to 12 sen. Hiap Teck’s net profit for the third financial quarter ended April 30, 2018 (3QFY18) tumbled 95.8% to RM1.34mil from RM31.94mil in 3QFY17, due to higher operating expenses and a significantly higher share of loss incurred by its joint-venture (JV) during the quarter under review.


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21Jun

What Stocks to Trade Today :

Major Stocks to Trade:

21 june 2

KLCI was down 9.92 points or 0.58% to 1,699.83. Turnover was 743.72 million shares valued RM576.26mil. There were 206 gainers, 463 losers, 291 counters unchanged. The decline on Bursa Malaysia contrasted with the key Asian markets.


Asian shares crept ahead on Thursday as a lull in the Sino-US trade tussle and talk of more Chinese stimulus helped calm nerves, while tensions in the oil market grew ahead of an OPEC meeting that could expand the supply of crude, Reuters reported. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.4%, while Japan’s Nikkei added 0.7%. BAT fell the most, down 60 sen to RM36.06, Petronas Dagangan 50 sen to RM24.36, Nestke 40 sen lower at RM145.80. Telekom Malaysia fell to the lowest since late 2011, down 40 sen to RM3.23 after the new federal government announced plans to cut broadband prices by 25% by year-end. Axiata lost 17 sen to RM4.20. MyEG rose two sen to RM1.02 in active trade. CIMB Equities Research is keeping its forecasts and target price of RM1.22 for MyEG, still based on a technology sector 2019F target price-to-earnings (P/E) of 15 times. 

 

21 june

 

The FTSE Bursa Malaysia KLCI Index fell as much as 1 percent on Thursday, taking its decline to 11 percent since a peak two months ago. Down for a ninth straight day, the measure is heading for its lowest level since February 2017. Malaysian stocks have become some of the world’s worst performers since a record in April, down more than 10%. Foreign investors trying to adjust to a new prime minister seeking to shore up the nation’s debt have fled the market, pulling money from equity funds everysingle day since the start of May.

CIMB Equities Research is keeping its forecasts and target price of RM1.22 for MyEG Services, still based on a technology sector 2019F target price-to-earnings (P/E) of 15 times.  It said on Thursday a potential re-rating catalyst is MyEG winning a contract to monitor Malaysia’s upcoming Sales and Services Tax (SST).  “A downside risk is liberalisation of the domestic car roadtax and foreign worker working permit renewal services, which may open MyEG’s niche segment to other players,” it said. On Wednesday evening, MyEG announced that its associate I-Pay MyEG Philippines Inc (IPMPI) had inked an MoU with Cagayan Economic Zone Authority (CEZA).


BUY DATAPRP ABOVE 0.230 TARGET 0.250 0.280 SL 0.210

 

 

INTRADAY OUTLOOK:-

SUPPORT– 0.230 RESISTANCE– 0.250 MARKET STRATEGY– LONG RELATIVE STRENGTH INDEX(RSI) – 63.659


 

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18Jun

Malaysia Stock Trading Today

TRADING of the shares in gaming group Magnum Bhd (fundamental: 1.4/3, valuation: 2/3), which saw 2.38 million shares crossed last Thursday, triggered our momentum algorithm.

Magnum rose 11 sen or 4.93% to a one-year high of RM2.34, giving the group a market capitalisation of RM3.35 billion and making it the 15th largest gainer on Bursa Malaysia that day. It is trading at 1.34 times its book value. The group posted a 79.7% increase in net profit for its first quarter ended March 31, 2018 to RM54.94 million, from RM30.57 million a year ago, on the back of higher gaming revenue and a lower prize-payout ratio. On June 1, Lum Fook Seng was promoted to chief financial officer of the group. Lum, 53, acts as the head of finance and administration for the group and has more than 26 years of experience in the gaming industry.

chart_api

Ringgit opens lower against US dollar

 

The ringgit reversed last week’s upward momentum to open lower this morning on the back of a stronger US dollar, a dealer said. At 9.01 am, the ringgit was quoted at 3.9960/4.000 against the greenback from last Thursday’s close of 3.9835/9875. The US dollar soared to an almost seven-month high after hawkish signals from the US Federal Reserve (Fed) on interest rates, with indications of a further two more increases before year-end.

The Fed concluded its Wednesday meeting last week by raising the interest rate by 0.25 per cent for a second time this year to between 1.75 and two per cent. According to the dealer, weak market participation on the local front due to many traders being away for the Hari Raya holiday, also partly contributed to the unfavourable market performance. However, the ringgit traded higher against other major currencies. It rose against the Singapore dollar to 2.9550/9586 from Thursday’s 2.9861/9896 and increased against the Japanese yen to 3.6143/6189 from 3.6230/6270. The ringgit strengthened versus the British pound to 5.2991/3064 from 5.3506/3576 and improved vis-a-vis the euro to 4.6270/6320 from 4.7097/7160.

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13Jun

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11Jun

Malaysia Stocks Forum 2018

 

Malaysia stocks to buy: 

Top5 11 june

 

Malaysia Stock Market The FBM KLCI index lost 7.49 points or 0.42% on Friday. The Finance Index fell 0.42% to 17877.9 points, the Properties Index up 0.17% to 1068.54 points and the Plantation Index down 0.91% to 7660.97 points. The market traded within a range of 16.30 points between an intra-day high of 1789.20 and a low of 1772.90 during the session. Actively traded stocks include MYEG, BARAKAH, NOVAMSC, SAPNRG, SCOMI, HSI-C3B, HSI-C4E, HSI-C3E, BJCORP and FINTEC. Trading volume decreased to 3097.10 mil shares worth RM2415.45 mil as compared to Thursday’s 4064.83 mil shares worth RM3247.53 mil. Leading Movers were ASTRO (+4 sen to RM1.69), KLCC (+6 sen to RM7.76), MAXIS (+3 sen to RM5.80), HAPSENG (+5 sen to RM9.80) and TENAGA (+6 sen to RM14.62). Lagging Movers were SIMEPLT (-14 sen to RM5.23), YTL (-2 sen to RM0.99), PETGAS (-30 sen to RM17.86), TM (-6 sen to RM3.88) and MISC (-8 sen to RM6.12). Market breadth was negative with 415 gainers as compared to 537 losers. KLCI tumbled at 1778.32 points amid overnight mixed performance in US market. Market sentiment was muted amid absence of fresh market leads.

 


 

Malaysia stocks index :

Last week, the Philippine Peso and Indonesian Rupiah were some of the worst performing ASEAN bloc currencies against the US Dollar. The former was hurt by rather disappointing local trade data. In April, Philippine exports contracted 8.5% y/y which was the largest drop since July 2016. This helped contribute to a wider-than-expected trade deficit of $3615m. Meanwhile, Bank of Philippine’s Deputy Governor Diwa Guinigundo noted that inflation expectations are easing despite the most recent elevated CPI result.

 

111 june


 

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9Jun

The Ringgit Was Lower Against The US Dollar

The ringgit was slightly lower against the US dollar in the early session Friday due to uncertainty in the local economic condition, a dealer said. At 9.27 am(0127 GMT), the ringgit was quoted at 3.9790/9820 from 3.9750/9780 recorded at Thursday’s close. The dealer said besides the obvious fiscal uncertainties in the country, the local currency continued to be weakened by the lack of action in the bond markets. Meanwhile, the local unit traded mostly higher versus a basket of currencies except for the yen, against which it fell to 3.6229/6266 from 3.6159/6190.

 

palm oil

 

Oil prices fell on Friday as concerns about surging U.S. output and falling demand in China weighed on the contract and JP Morgan cut its price forecast. Brent crude futures settled down 86 cents, or 1.1 percent, at $76.46 a barrel. U.S. West Texas Intermediate (WTI) crude futures ended 21 cents lower at $65.74 a barrel. For the week, Brent fell 0.5 percent, while U.S. crude slipped 0.3 percent. Malaysian palm oil futures hovered near a one-month low and extended losses into a fifth straight session on Friday, tracking weaker soybean prices in Chicago, while slowing demand growth and higher inventories also weighed. The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.92 percent at 2,365 ringgit ($596.69) a tonne by the close. Trading volume stood at 63,613 lots of 25 tonnes.


 

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