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Although our alpha picks’ return of +1.86% trailed the FBMKLCI’s +4.9% in Dec 17 amid hefty year-end window dressing, these picks have started the year with smashing month-to-date returns of 0.7-11.8%. Some have technically broken out. Good domestic liquidity and positive newsflow for these stocks...
Malaysian equities should trend higher in 1Q18, fulfilling the historically good correlation between ringgit deposit growth and market performance. However, we continue to expect a duller performance post GE14, which is widely expected in Mar-Apr 18. We advocate a trading-oriented, mid- to large-cap-biased...
■ We expect 2018 to be a more volatile and challenging year for the Malaysian market#160; compared to 2017. ■ The key challenges include slower GDP growth in 2018, potential cost pressures for businesses, impact from disruptive technologies, and potential earnings risks. ■ We expect...
SALUTICA BERHAD Stock Code: 0183 Above: Salute daily chart (click to enlarge view) SALUTE has experienced a flag- - formation breakout above the RM1.35 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may rally, targeting the...
■ Petronas recently released its activity outlook report, and the guidance for the volume of work in 2018-19F appears to have increased from the previous March guidance. ■ This will be positive for Malaysian Oamp;G companies, which have likely passed the#160; nadir of their earnings in...
● CS' FX strategy team has raised USDMYR forecast to 4.0 in three months and 3.80 in 12 months (from 4.10 and 4.0 previously). RM has appreciated 8% vs the USD YTD and is currently at the strongest level so far this year. ● In our view, companies most materially affected would be (1)#160; those...
Download personal finance, investing and stocks trading methods e-books for free to read and grow your financial literacy and stock investing knowledge. You can get some by visiting investing e-books downloadnbsp;and download the books (pdf format) for free. You can find classic financial...
While Asian equity markets may remain soft after the surprise of Donald Trump’s win in the US presidential election, we look forward to buying opportunities. Essentially, we do not expect significant economic repercussions on Malaysia’s economy or corporate earnings, save for the indirect impact on...
Stocks on Bursa Malaysia snapped a three-day losing streak to end higher last Friday on bargain hunting in selected heavyweights, which saw late fund buying of Tanaga Nasional and Malayan Banking. Bargain hunting by institutional funds supported the local market but further gains were limited by fears of a...
Market review Last Friday, the MSCI Asia Pacific Index (MXAP) inched up 0.24-pt to 138.16 (wow -1.73%) after recorded a 5th straight decline following a higher-than-expected China CPI, signaled surprising economic strength in the world's second largest economy. However, sentiment remained cautious...
Stocks fell on Tuesday, with most investors sidelined amid lack of local leads and attention focused on the first direct US Presidential debate. The KLCI slipped 4.78 points to end at 1,664.72, after ranging between high of 1,666.69 and low of 1,661.58, as losers beat gainers 426 to 338 on slower turnover...
The current market is weak as the bears are still in charge. Last Friday, the FBMSC rebounded by 61.86 pts to settle at 15,169.40 pts. It formed a white candle that pierced more than half of the prior black candle’s body. This usually signals that the positive momentum is revving up. Nevertheless, until...
Bursa Malaysia shares managed to rebound from early decline in choppy trade Thursday, in line with most of the regional markets as weak trade data from Japan weighed on sentiment. The index inched up by 0.55 points to close at the day’s high of 1,694.87, off an early low of 1,690.44, as losers beat...
Blue chips led by banks again extended gains Wednesday, after the ringgit appreciated to a near eight-month high of 3.91 to the USD, the strongest since early Aug last year, copying regional strength after the US Fed chief suggested interest rates may not be raised soon. The KLCI added 2.78 points to end at...
■ We are of the view global equity markets are not starting a major bear market phase. ■ US DJIA could be in a major sideways triangle consolidation phase. Long-term uptrend is still intact. ■ MSCI Asia ex-Japan has reached our target levels. Technical indicators show positive divergence...
Wall Street started the new year on an extremely negative tone after China’s stockmarkets went limit down (by 7.0%) and triggered the circuit breaker two times last week amid its weaker manufacturing data - the Dow declined 276.09 pts to 17,148.94 pts on Monday. The key index, however, stabilised and...
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) suffered a setback last week after strong October U.S. jobs data fueled expectations the US Federal Reserve will raise interest rates at its December policy meeting. Oil amp; gas, banking and plantation stocks re the main drags on the...
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) sustained moderate gains last week despite profit-taking in the four-day week due to the Awal Muharam holiday, with robusttrading momentum focused mostly on the ACE Market and small cap sector. A strong rally in China#160; stocks with a...
The FBM KLCI gapped down at the start of the session, but managed to recover to end marginally higher at 1,615.01 pts (+1.84 pts). The MACD Histogram, however, extended another red bar but the RSI is above 50. Resistance will be set around 1,660. Support will be located around 1,600. #160; by Malacca...
Follow-through selling pressure was noted on the FBM KLCI and it ended below the EMA9 level. The MACD Histogram extended another red bar, but the RSI is hovering above 50. The FBM KLCI may be due for a technical rebound towards the resistance of 1,650. Meanwhile, the support will be set around 1,600. ...