Breakfast briefing

July 21st, 2017

MarketWatch:

The real US stock lists shut at record highs on Wednesday helped halfway by innovation stocks, which outperformed a long-standing imprint, in spite of increases on the Dow being topped by a sharp drop in IBM shares . The DJIA rose 66.02 focuses, or 0.31%, to 21,640.75, the S&P 500 increased 13.22 focuses, or 0.54%, to 2,473.83 and the Nasdaq included 40.74 focuses, or 0.64%, to 6,385.04.

Vitality

Oil costs bounced just about 2% to a six-week high on Wednesday after a US report demonstrated a greater week after week attract than figure unrefined and fuel
stocks alongside an unexpected drop in distillate inventories. The Energy Information Administration (EIA) said US rough stocks fell 4.7 million barrels amid the week finished July 14, surpassing assessments for a 3.2 million attract a Reuters survey (Best Daily Stock Picks). Brent prospects for September conveyance settled up 86 pennies, or 1.8%, at US$49.70. 

Forex synopsis

*The ringgit lost 0.06% to 4.2890 versus the US$

*It was up 0.03% to 4.9400 versus euro

*Down 0.01% to 5.5847 for each pound sterling

*Down 0.02% to 3.1326 for each Singapore dollar

*Down 0.29% to 3.4047 for each Aussie

*Up 0.03% to 3.8278 for each 100 yen

Top remote stories

GSK puts old anti-toxins and UK Horlicks business on the square: 

GlaxoSmithKline (GSK) said it was thinking about the offer of its cephalosporins anti-microbials business and planned to strip its little Horlicks business in Britain, while holding the substantially greater malted savor operation India. Likewise, GSK reported a little more than 300 employment misfortunes on Wednesday and affirmed that the UK-centered MaxiNutrition sports sustenance brand would be sold. 

AmEx benefit plunges as it binge spends on client rewards:

American Express Co’s benefit declined 33% to o $1.31 billion in the second quarter, hurt halfway by higher costs, as the card organization spent vigorously on prizes to charm clients in the midst of extraordinary rivalry from enormous US banks. 

Qualcomm’s benefit conjecture frustrates as Apple fight takes toll:

Qualcomm Inc gauge final quarter benefit beneath examiners’ appraisals as the organization’s heightening patent fight with Apple Inc keeps on incurring significant damage on its authorizing business. The organization’s net salary owing to the organization tumbled to US$866 million in the second from last quarter from US$1.44 billion a year prior. Income fell 11.1% to US$5.4 billion. 

BoJ to cut expansion figures:

The Bank of Japan is set to portray the economy on Thursday however cut its swelling conjectures once more, fortifying desires that it will fall well behind major worldwide national banks in downsizing its huge boost program. 

T-Mobile quarterly outcomes top gauges as endorsers develop:

T-Mobile US Inc’s quarterly outcomes beat investigators’ assessments as the No. 3 US remote transporter on Wednesday detailed record low client whittling down and said it was thinking about a quarterly profit. The organization’s net pay rose to US$581 million from US$225 million a year prior. Add up to income developed to US$10.21 billion from US$9.29 billion. –

Top neighborhood stories

FGV reflected on offering failing to meet expectations resources:

Felda Global Ventures Holdings Bhd (FGV) is re-assessing and considering discarding its past acquisitions in ranches and other non-center organizations which won’t profit the gathering over the long haul, says acting administrator Tan Sri Dr Sulaiman Mahbob. FGV has burned through RM4bil on seven acquisitions since the organization opened up to the world in 2012, however so far has little to appear regarding returns. 

CapitaLand REIT pay imperceptibly bring down in Q2:

CapitaLand Malaysia Mall Trust recorded a net property salary of RM59.8mil for the second quarter, somewhat down from RM60mil a year prior, because of a lower commitment from the greater part of its three Klang Valley shopping centers – The Mines, Sungei Wang Plaza and Tropicana City Property – which was counterbalanced by a more grounded execution from Gurney Plaza and East Coast Mall. It saw its net benefit drop by 34.2% to RM28.14mil on a 0.2% lower income of RM91.81mil.

Singtel’s NetLink makes make a big appearance marginally above offer value:

NetLink NBN Trust, the broadband unit of Singapore Telecommunications (Singtel), transcended the offer cost in its market make a big appearance. NetLink opened exchanging at S$0.815 per unit before edging down to S$0.810 on its first day of exchange. – Reuters

Slam: Malaysian ports’ prospects to stay solid:

RAM Rating Services Bhd expects the holder and payload taking care of prospects of Malaysian ports to stay sound this year, in accordance with the continuous worldwide financial recuperation. Slam Ratings said the throughput development was relied upon to stay in the low single-digit levels, indistinguishable to the unassuming 3% recorded in 2016. 

Diminish Lim redoes TMC Life:

Singapore extremely rich person Peter Lim is infusing his stake in Bursa Malaysia-recorded TMC Life Sciences Bhd into his Singapore-recorded land firm Rowsley Ltd, in an arrangement worth up to S$1.9bil (RM6bil). The proposed procurement of the medicinal services resources will be an all-share bargain for Lim’s private vehicle Sasteria Pte Ltd, the proprietor of Thomson Medical Pte Ltd and its 70.36% stake in TMC Life. – StarBiz

Prestariang expects to raise over RM1bil for SKIN, change motivation:

Prestariang Bhd plans to raise over RM1bil from the capital market, inside six to nine months, to understand its principle change plan for its innovation stage and to execute the coordinated National Immigration Control System (SKIN). CEO Dr Abu Hasan Ismail said the organization was presently on a gathering pledges drive before commencing the advancement of SKIN. 
Temasek Padu Sdn Bhd got acknowledgment of only 0.01% from the minority investors of KUB Malaysia Bhd for its general offer. 

CIMB Thai income up 30%:

CIMB Group Holdings Bhd’s 94.11% backhanded sub-sidiary, CIMB Thai gathering, saw its merged net benefit  rise 30.1% to 477.8 million baht for the six-month time frame finished June 30, 2017 on the back of lower working costs and arrangements. CIMB Thai’s merged net benefit for the second quarter bounced 794% to 356.6 million baht (RM45.46mil).

G3 Global unit Atilze in tie-up with U Mobile:

Atilze Digital Sdn Bhd, an auxiliary of G3 Global Bhd, has consented to a cooperation arrangement with U Mobile Sdn Bhd for the arrangement of 3G and 4G LTE network for Atilze Connected Car gadgets. 

Expansion conservatives to 3.6% in June on bring down fuel costs:

Malaysia’s swelling directed for the second continuous month in June, because of lower fuel costs. Information from the Statistics Department demonstrated the shopper value list (CPI) development in June eased back to 3.6% year-on-year from 3.9% in the previous month.

Reference

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Technical Picks From CIMB Top Picks For 2nd Half Of 2017

July 21st, 2017
Gamuda (GAM)

The LT wedge pattern for Gamuda (GAM) is still intact and the price movements in the 1H2017 were in line with what we expected. After breaking out above RM4.94, the stock is now on its way higher towards its adjusted Fibonacci target of RM5.65-5.80. As long as prices continue to stay above the wedge support (currently at RM5.20), we expect the stock to reach its Fibonacci target

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Bursa Malaysia approves six more advisers for Leap Market

July 20th, 2017

PETALING JAYA: Bursa Malaysia has affirmed six new counselors to be incorporated into the Register of Advisers for the Leading Entrepreneur Accelerator Platform (Leap) Market. 
The new affirmed counselors are Crowe Horwath Advisory Sdn Bhd, DWA Advisory Sdn Bhd, MainStreet Advisers Sdn Bhd, Strategic Capital Advisory Sdn Bhd, WYNCorp Advisory Sdn Bhd and ZJ Advisory Sdn Bhd. 
These new counselors are notwithstanding the current 14 key guides and patrons of the Main Market and ACE Market themselves’ identity naturally admitted to the Register of Advisers of the Leap Market on June 16, said Bursa in an announcement. 
An affirmed counselor’s duty is to evaluate the appropriateness of a candidate looking for posting on the Leap Market by undertaking due determination and making sensible enquiries on the potential candidates. 
They are likewise in charge of the readiness of the posting archives and to control the organization to agree to post-posting necessities. 
“The objective of the Leap Market is to give a stage to little and medium endeavors (SMEs) to raise reserves from the value advertise by posting on Bursa. 
“The counsels will assume a basic part in working with intrigued SMEs to decide their appropriateness for posting on the Leap Market, and from that point to direct them on their post-posting commitments,” said Bursa CEO Datuk Seri Tajuddin Atan in the announcement. 
The development of consultants to past that of existing venture banks and agents is a piece of the new market structure of the Leap Market, which intends to extend the range of administrations accessible to SMEs looking to list on the new Leap Market.

Latest Hot Stocks For Malaysian Traders 


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Pump-n-dump : MLab

July 20th, 2017

This is short-lived … pump … then dump. I guess many gamblers/retailers/newbies stuck inside or forced to cut-loss.

Try not to punt into such … then , we should be OK.

TEH

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Trades done : Krono and Frontkn

July 20th, 2017

please go to : https://cpteh50.blogspot.my/

This will be for my blah-blah only … as I feel more comfortable to blah-blah here. Phew.

Oh yes, Penta broken RM3.50 today and … MMSV breakout into new high again.

TEH

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Assignments for newbies

July 19th, 2017
Great morning … not been blogging for a while .. not only the flu-cough slowing me down, the tuition classes are back.

Also … these days, focusing in short term trading. Focus …

I tried my new-blog … someone, the mental block is still there … couldnt write blah-blah there … all serious stuff, charts … and more on my trades! Arrgghh …. can I just let my hair down? Oppss … I hv very short hair-cut. haha

My blog …. oh boy, I m abandoning this home of mine …

FGV : Sold 1.68 done moments ago … good trade.

Done many of these short-term trade … yesterday a new member done his first trade …. and followed my entry of Ekovest 1.08-1.09 …cut-loss 1.05, can take? Can …. good his first assignment I given him.

Before market closed, I gave him his second assignment = FGV. Today is sell 1.68 … done.

So, as he is newbie … he needs to learn to be discipline and follow strictly to trading rules I m trying to show him .

Going for his third assignment (missed dataprp this morning) … efficen

Got to focus in my trades … FCPO is opening.

TEH

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Bursa turns lower at mid-morning

July 19th, 2017
KUALA LUMPUR: –  Shares on Bursa Malaysia turned lower at mid-morning today, couple with the execution of provincial companions, a merchant said. 
At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.20 focuses weaker at 1,753.99, in the wake of opening 2.95 focuses better at 1,758.14. 
The benchmark list shut down at 1,755.19 yesterday. 


Locally, the Singapore Straits Times Index facilitated 0.16 of a point to 3,298.08, Hong Kong’s Hang Seng fell 51.61 focuses to 26,418.97 and Japan’s Nikkei dropped 127.0 focuses to 19,991.86. 
Open Bank Investment Bhd said speculators were anticipating various enormous name profit reports this week, and strategy gatherings at the European Central Bank and Bank of Japan. 
“The market will be nearly viewing the result of the gatherings, while practicing alert in their exchanging exercises,” a merchant said. 
On the more extensive market, failures drove gainers 304 to 273, while 390 counters were unaltered, 825 untraded and 23 others suspended. 
Turnover remained at 728.32 million offers worth RM444.15 million. 
Among the heavyweights that dragged down Bursa Malaysia’s execution were Maybank, which facilitated one sen to RM9.60, Tenaga and Pchem declining two sen each to RM14.16 and RM6.87 separately, while IHH surrendered one sen to RM5.91. 
CMSB topped the washouts list, falling 13 sen to RM3.93, HLBank sliding one sen to RM15.80, Scientx losing nine sen to RM8.56 and Harta declining seven sen to RM6.80. 
The FBM Emas Index was 3.76 focuses bring down at 12,499.08, the FBMT 100 Index fell 3.33 focuses to 12,144.05, as the FBM Emas Shariah Index slipped 6.54 focuses to 12,684.67. 

The FBM Ace fell 39.55 focuses to 6,808.62, however the FBM 70 climbed 8.43 focuses to 14,866.61. 
Segment insightful, the Industrial Index dropped 1.0 point to 3,272.24 and the Plantation Index was 5.21 focuses bring down at 7,835.83, while the Finance Index enhanced 5.53 focuses to 16,648.07.

For more details: Bursa Malaysia Market Price, Share Market Klse, Free Daily Stock Picks, Kl Share Market, Bursa Malaysia Stock Market Price

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KLCI climbs early Monday

July 18th, 2017
KUALA LUMPUR: Blue chips organized a gentle bounce back on Monday, following the firmer key Asian markets, as financial specialist assessment was given a lift after keep going Friday record shutting on Wall Street.

At 9.07am (Share market today),

the KLCI was up 3.22 focuses or 0.18% to 1,758.22. Turnover was 111.36 million offers esteemed at RM36.60mil. There were 186 gainers, 59 failures and 188 counters unaltered.
Hong Leong Investment Bank (HLIB) Research said the KLCI  might be expected for a mellow specialized bounce back this week subsequent to falling fourth straight week to play make up for lost time with territorial associates.
“All things considered, any bounce back is probably going to be topped close to 1,774 levels because of absence of crisp impetuses. Key backings are 1,740-1,750,” it said.

Hot stocks of the day

1. VIVOCOM
2.DGB
3. XINGHE
4. OMESTI-WB 
5. AHB-WB

For more details: Klse Investment Tips, Stock Advisory, Klse Stock Recommendation, Stock Tips, Share Investment Tips


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e-meeting 9.30pm

July 17th, 2017
go to  https://cpteh50.blogspot.my/ for he link.

TEH

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Bracing for more corrections

July 16th, 2017

Audit:

Despite a steadier Wall Street overnight, Bursa Malaysia commenced the week on a delicate stage, with the FBM  KLCI sliding 0.83 point to 1,759.10, broadening the past session’s decays in the midst of complete liquidation.
The hidden tone of the market was definitively wary while blue chips exchanged lacklustrely in early session, spooked by a precarious fall in raw petroleum costs, which saw the dark product tumbling US$1.29, or 2.8%, to US$44.23 per barrel the past Friday in the midst of questions over endeavors by makers to control worldwide oversupply.

Elswehere,

most second and less expensive issues additionally floated lower, with most retail players remaining on the sidelines, embracing the “sit back and watch” state of mind.
Despite the fact that local values were doing great cheering the quality of the US economy, it was not helping the nearby bourse this time round.

In drowsy session,

the key file was a tease from an intra-day high of 1,760.44 in the morning to touch an intra-day low of 1,754.57 in late morning before turning sideways for whatever is left of the day on deal chasing interest exchanged with benefit taking action.
At the last chime, the neighborhood bourse lost 2.80 focuses to 1,757.13 on Monday.

After a solid rally,

the bulls on Wall Street delayed for a breather, with the Dow facilitating a little 5.82 focuses to 21,408.52 in overnight session attributable to an evident benefit taking action yet unrefined petroleum costs bounced back marginally, up 17 pennies to US$44.40 a barrel on light deal chasing snacking.

In the Asia-Pacific,

markets maintained the upward pushed into second day in front of profit while financial specialists anticipate Federal Reserve seat Janet Yellen’s declaration to the US Congress for pieces of information on when the national bank would fix fiscal arrangement.
Taking the sign from a firmer provincial pattern and the recuperation operating at a profit item, the nearby bourse endeavored to move higher subsequent to battling the recent days.

In any case,

it was not effective, as purchasing force was counterbalanced by sporadic offering weight and therefore, the FBM KLCI see-sawed inside a genuinely tight range, between an intra-day high and low of 1,758.27 and 1,752.74 all through before completion down 2.10 focuses to 1,755.03 in another torpid session on Tuesday.
While a new rally in raw petroleum costs helped vitality firms in Asia the following day, the hidden tone of most markets far and wide was to some degree mindful following two days of solid increases, as new disclosures about Donald Trump’s Russia joins undermined financial specialists’ certainty.

At home,

Bursa Malaysia kept on combining without convincing leads upcoming, with the key file showing up in awesome risk of slipping beneath vital the 100-day basic moving normal (SMA) line, going ahead.

Luckily,

the neighborhood bourse kept away from another breakdown, as a very late enchantment touch helped lift the FBM KLCI from an intra-day low 1,751.59 to settle up 2.21 focuses to 1,757.24 in mid-week, snapping a three-day losing streak.
The bulls kept on pushing abroad values higher on Thursday in the midst of complete help from financial specialists after the Federal Reserve showed it would adopt a continuous strategy to climb US interet rates, supported further by the recuperation in unrefined petroleum costs.

In an uncommon move,

Bursa Malaysia went the inverse path, as tireless benefit taking action ruled and misfortunes in certain blue chips dragged the key record down 3.46 focuses to 1,753.78.

In another dreary session,

the FBM KLCI squeezed out a little positive note, up 1.22 focuses to 1,755.00, on account of an episode recently purchasing in select quality issues yesterday.

Insights:

On a Friday-to-Friday premise, the key record declined 4.93 focuses, or 0.3% to 1,755.00 yesterday, versus 1,759.93 on July 7. Add up to turnover  for the week was 9.299 billion units worth RM9.291bil, against 8.009 billion offers added up to RM8.525bil done beforehand.

Viewpoint:

Bursa Malaysia broadened the amendment procedure, with the FBM KLCI posting misfortunes for the fourth successive week because of relentless benefit taking action.

Dissimilar to the bullish seaward tone,

the nearby bourse was obviously failed to meet expectations for no evident reason the previous week and in view of the day by day diagram, the current pullback of the market had brought about the key file slipping marginally underneath the essential 100-day SMA of 1,753 amid intra-week session.

Despite the fact that the most recent breakdown is provisional,

other horrible advancement, for example, the locating of two or three negative intersections of the 14-day SMA and the 21-day SMA against the 50-day SMA, absolutely won’t look good for the market yet proceeding to weight the list. Furthermore, thus, Bursa Malaysia may experience trouble to leave the trench, unless another convincing impetus develops.

Actually,

the every day and week by week pointers are not looking great either, proposing stocks may remain in amendment for one more week on complete offering. On the off chance that that happens, the lower bolster floor of 1,705, which is the 200-day SMA and the 1,700 focuses mental level, will be in extraordinary threat.

To the upside,

the key list will now confront critical resistance at the 14-day SMA of 1,763, trailed by the highest 50-day SMA of 1,772, of which an effective entrance of the last resistance may impel the key list up to the 1,800 focuses territory.

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