Archive for April, 2012

Technical Analysis Apr 2012: ARMADA (5210)

Monday, April 30th, 2012

BUMI ARMADA BERHAD Observation from Chart:- ARMADA retest RM4.00 psychology. Will it rebound? Other indicator:-1. MACD moving toward negative region, downtrend sign.2. Stochastic %K at oversold stage. Do trigger BUY call signal. Uncertainty is there.If break down RM4.00 psychology support, subsequent support RM3.90 level .If rebound, immediate resistance MA50 level. Let watch closely…… Stock Talk

Global economic concerns to dictate sentiment on Bursa

Monday, April 30th, 2012

THE FBM Kuala Lumpur Composite Index (FBM KLCI) is expected to continue its downtrend this week as uncertainty in the eurozone coupled with concerns on the global economy temper risk appetite. Analysts are expecting profit-taking activities to continue this week and some investors to adopt the wait-and-see attitude. “There is weak buying momentum on the […]

Posco to seal deal with BLand

Sunday, April 29th, 2012

BERJAYA Land Bhd (BLand), a property and gaming company, is close to inking a partnership agreement with South Korean steelmaker Posco Group on the acquisition of up to 20 per cent in the former’s US$ 3 billion (RM9 billion) project in South Korea. BLand is developing Berjaya Jeju Resort through its subsidiary, Berjaya Jeju Resort […]

It Truly Matters ……

Sunday, April 29th, 2012

Naturally, I expect the mainstream papers on Sunday morning to blast the Bersih organiser for breaching the barricades thus forcing the police to act. What else is there to expect from mainstream media?By and large the over 150,000 crowd were peaceful and respectful. But knowing the congregation of such a large crowd, there will be […]

VisDynamics expects to remain profitable

Saturday, April 28th, 2012

KUALA LUMPUR: VisDynamics Holdings Bhd expects to remain profitable this year as the semiconductor equipment segment shows signs of increased activity. A designer of semiconductor components, the company lost RM288,000 on RM1.3 million revenue in the first quarter of the year ending October 31 2012. “We may not do well this year but we won’t […]

FBM KLCI ends weaker for third week running

Saturday, April 28th, 2012

THE FTSE Bursa Mlaaysia Kuala Lumpur Composite Index (FBM KLCI) breached its downside supports of 1,590, 1,580 and 1,570 points in quick succession as it closed lower for the third consecutive week. The FBM KLCI moved deeper into negative territory over the week with losers overwhelming gainers by 22 to 6. The benchmark index opened […]

Malaysian shares lower on lack of support

Saturday, April 28th, 2012

OSK head of research Chris Eng said investors were reluctant to hold new positions amid weaknesses in regional markets. “We notice a lot of selldowns as traders are concerned about Europe developments such as the upcoming presidential elections in France and Greece,” he said. Another dealer said investors remained on the sidelines as news on […]

Technical Analysis Apr 2012: BIMB (5258)

Saturday, April 28th, 2012

BIMB HOLDINGS BERHAD Observation From Chart:-BIMB retest MA20 support level & strong resistance RM2.47 level. Will it break through the resistance OR support level? Other indicator:- 1. MACD trade at positive region, uptrend sign. 2. Stochastic %K not yet trigger buy call. Immediate support is MA20 level. Subsequent support is MA50 level. If able break through RM2.47 […]

US Stocks close out a strong week (ext)

Saturday, April 28th, 2012

NEW YORK (CNNMoney) — U.S. stocks moved higher Friday, capping a weekly gain, as upbeat corporate results outweighed a weaker-than-expected report on first-quarter economic growth. The Dow Jones industrial average (INDU) rose 28 points, or 0.2%, to end at 13,228. The S&P 500 (SPX) rose 4 points, or 0.3%, to 1,403. The Nasdaq (COMP) added […]

Ringgit ends flat in thin trading

Saturday, April 28th, 2012

RINGGIT KUALA LUMPUR: The ringgit ended little changed versus the US dollar in thin trading yesterday amid a lower US dollar, dealers said. At 5pm, the ringgit stood at 3.0450/0480 per US dollar compared with 3.0495/0525 on Thursday. Dealers said the US dollar came under pressure after the US Fed opted to keep interest rates […]