Blog Feed: Bursa Malaysia Stock Market Digest

Chart wise: YTL Power International Bhd (stock code 6742) Infrastructure–RM1.66 YTL Power appears to be recovering from a prolonged downtrend formation. The technical indicators have also hooked up in anticipation of furt her gains while the short-term 5 day moving averages have also turned up to provide a trailing support line for the share price. Having bottomed out at RM1.53 to > read more

KLCI Weekly - More turbulence & volatility ahead

Published on 2012-05-14 00:08:00

 FBM KLCI – Will not be spared the global turbulence.  CPO Futures – Stalled at MYR3,628. Persistent correction phase.  DJIA – Further downside volatility ahead.  MISC – Persistent daily, weekly and monthly downtrends. Below: FM KLCI Weekly chart (click to enlarge) Support: 1,540 to 1,572 Resistance: 1,584 to 1,609 Strategy: The FBM KLCI fell 6.72 points to > read more

Ramunia Holdings Bhd (7206) - technical breakout

Published on 2012-04-24 20:19:00

Chart wise: Ramunia Holding stock code 7296 Trading/Services – RM0.40. Ramunia’s candle made a strong breakout of its long-term downtrend line as well. The strong runup also allowed the candle to breach its congestion band at around the RM0.32 level. Its indicators are also on the rise, suggesting further upsides, but yesterday’s surge may prompt a > read more

MHC Weekly Chart - Short Term Buy (Technical)

Published on 2012-04-16 18:11:00

MHC – MYR1.90 (Stock Code: 5026) (Bloomberg Code: MHC MK Equity) MHC made a major weekly Wave 4 low at RM1.00 (in Sep 2011) with grossly oversold and bullish signals. Due to its firmly positive weekly chart signals, the indicators are pointing firmly upwards to a move towards the resistance and upside target areas of MYR2.11, MYR2.47 and MYR2.58 in the short > read more

Tanjung Offshore - Trading Buy On Weakness (Technical)

Published on 2012-04-10 02:33:00

Tanjung Offshore Group (stock code 7228) Trading/Services – RM0.975. Chart wise: A breakout! In line with the breakout, all its technical indicators have hooked up, while trading volume surged strongly on Monday. Tanjung Offshore is active in securing offshore support vessel (OSV) operation contracts have already been acquired by Equinas recently. The above > read more

Maintain Buy On Maybank

Published on 2012-03-29 23:27:00

Maybank; Buy; RM8.80 Price Target: RM10.60; MAY Maybank expects NIM compression Maybank expects a contraction of 10 bps in the group’s net interest margin (NIM) in 2012. It cited price competition between banks as the reason as new loans secured at lower pricing has narrowed NIM. This is in line with our expectation as we have imputed 10bps decline in NIM in our FY12 forecasts. > read more

Unisem Technical Trading Buy

Published on 2012-03-28 04:33:00

Unisem (M) Bhd (stock code 5005) –Technology – RM1.49 Unisem’s candle made a strong breakout of its long-term downtrend line as well as the RM1.50 level and tested the RM1.55 yesterday. The strong run-up also allowed the candle to breach its congestion band at around the RM1.35 Its indicators are also on the rise, suggesting further upsides, but yesterday’s surge may prompt a consolidation. > read more

SHORT-TERM BUY (TECHNICAL) on dips for TASCO,

Published on 2012-03-21 21:36:00

TASCO – MYR2.14 SHORT-TERM BUY (TECHNICAL) (Stock Code: 5140) Tasco Berhad (TASCO) provides logistics services. It offers supply, warehousing, and haulage services to airports and automobile manufacturers. It also provides land transportation services. above: Tasco daily chart (click to enlarge) Recommendation TASCO made a major daily Wave 2 low of MYR1.55 on 23 December 2011, with > read more

Trading Buy on weakness – YINSON

Published on 2012-03-19 21:35:00

Yinson Holdings Bhd (stock code 7293) –Trading/Services – RM1.63 above: Yinson Daily Chart (click to enlarge) Chart wise: Yinson staged a spectacular breakout last week when it broke through the RM1.54 resistance and hit a high of RM1.67 before it corrected on profit taking. It fille d the range of its up-trending channel that posed a resistance at the RM1.67 range. Extending from the > read more

Buy Padini On Weakness

Published on 2012-03-14 21:20:00

Padini Holdings Bhd (stock code 7052) –Consumer Products – RM1.50. Chart wise: Trending along an up-trend channel, Padini appears toppish at this juncture with a potential double-top formation. The first support is at RM1.28 along its 50 day moving average, failing which the RM1.12 level takes over. above: Padini Daily chart (click to enlarge) On the other hand, a breakout > read more

Malaysia Banks: 4QCY11 results summary and review

Published on 2012-03-11 18:39:00

Click to enlarge the table below: Malaysia Banks: 4QCY11 results summary and review Note: Alliance Financial Group, AMMB and Hong Leong Bank’s forecasts refer to FY13 and FY14 Maybank changed its FYE from Jun to Dec; FY Dec 2011 represents 6 months result. Source: Company data; DBS Vickers by HWDBS Vickers > read more

Maintain Buy For Maybank - Sustainable High Dividends

Published on 2012-03-07 22:02:00

Current price: RM8.75 Maintain Buy, RM10.60 Target Price. Sustainable high dividends • Strong transaction banking franchise will support non-interest income and ROE • Domestic engines buzzing; regional growth cranking up • Maintain Buy rating and RM10.60 TP; top pick for Malaysian banks Less susceptible to capital market volatility. MAY’s strength is recurring fee income > read more

Accumulate Padini - Maybank IB

Published on 2012-03-01 09:04:00

PADINI – MYR1.39 ACCUMULATE (TECHNICAL) (Stock Code: 7052) above: Padini daily chart (click to enlarge) Recommendation PADINI made a major daily Wave 2 low of MYR0.84 on 5 October 2011, with grossly oversold and bullish chart signals. All its chart indicators are strongly supportive of further upside. This stock is poised to break into higher territory in due course, as its price > read more

THPLANT – MYR2.72 Short-Term Buy (Technical)

Published on 2012-02-20 01:02:00

THPLANT (stock code 5112) reached a significant weekly Wave 4 low at RM1.85 in August 2011 with grossly oversold and bullish chart signals. Due to all its positive indicators, it is likely to surge to its obvious upside Wave 5 targets (of MYR3.00, MYR3.38 and MYR4.04) and resistance level (and all-time high) of MYR2.73. SHORT-TERM BUY (TECHNICAL) on dips for THPLANT, with stop-loss at > read more

Accumulate TDM - Maybank

Published on 2012-02-08 00:49:00

TDM Stock Code :2054 Price: RM4.72 Our featured stock this week is TDM Berhad (TDM). The company is an upstream oil palm plantation player as well as the operator of three specialist medical centers in Malaysia. Currently, the company owns 25,000 hectares of land in Indonesia and 37,000 hectares of land in Terengganu. This brings the total land bank TDM owns and manages to 62,000 hectares. > read more

Puncak Niaga - Trading Buy

Published on 2012-01-30 23:52:00

Trading Buy – Puncak Niaga Holdings RM1.48 Stock Code: 6807 Chart wise: A trading buy, Puncak Niaga’s candles have largely been on the downtrend for the past few months and recently appeared to have bottomed out. It rebounded from a base at RM0.95 and is currently recovering. Its daily RSI is surging ahead accompanied by slightly bullish MACD and stochastic. Puncak Niaga Daily Chart: click > read more

Trading Buy – PMetal

Published on 2012-01-17 20:39:00

Press Metal Bhd (stock code 8869) – Industrial Products – RM2.01. Press Metal daily chart (click to enlarge): Chart wise: After lingering at its RM1.73 level for the past month, Press Metal’s candle attempted to break out of its triangle formation and breached the RM2.00 level on Tuesday. As a result, its’ stochastic and RSI strengthened. The lagging MACD, meanwhile, has just crossed the > read more

Accumulate (technical) Hapseng - Maybank

Published on 2012-01-11 21:05:00

HAPSENG – RM 1.63 Stock Code 3034 Hap Seng Consolidated Berhad (HAPSENG) operates oil palm and cocoa plantations, trades heavy equipment and motor vehicles, fabricates and sells commercial trailers and tankers, provides leasing and money lending services, and manufactures agricultural fertilisers, agro-chemicals, building materials and plantation supplies. below: Hapseng Dail Chart (click > read more

Trading Buy – Eng Tecknologi

Published on 2012-01-08 15:33:00

Current Stock Review – Eng Teknologi Holdings Bhd (stock code 8826)–Technology sector –RM1.69. Above: Eng Teknologi daily chart (click to enlarge) Chart wise EngTeknologi’s share price is forming a double bottom,having found its support at RM1.43 that repelled two selling waves. It had also broken through the overhead resistance line while its technical indicators are on the > read more

Bursa Malaysia Stocks Unwinding

Published on 2012-01-03 17:25:00

Investment Strategy Defensive: In vogue Expect KLCI to see downside in 1H12 on slower grow th and risk aversion. Seek shelter in Telecom, NFO stocks and REITs. Specific opportunities in bustling construction and oil & gas sectors. Trader’s Spectrum – From the Chartroom What a turbulent year for global equities it has been. And the worst is probably not over yet as we enter 2012 > read more

UEMLAND - Technical Buy?

Published on 2011-12-21 03:00:00

UEM Land Holdings (stock code 5148) – RM2.28. UEM Land’s candles have oscillated within the RM2.10 and RM2.30 level for the past week, but made a breakout yesterday, which has been its major resistance over the past month. Expectedly,its indicators are on the climb and are looking to strengthen further, despite the stochastic nearing the upper limit line. Below: UEMLAND Technical Daily > read more

VS RM1.53 - Technical buy

Published on 2011-12-19 02:07:00

V.S Industry (stock cde 6963) Industrial Products – RM1.53. Chart wise: V.S Industry’s candles have been on the rising trend over the past two months and after hovering at around the RM1.40 level of the past month, the candle penetrated the RM1.45 level last week. This is pulling its core indicators up with both the RSI and stochastic still strengthening. The MACD is also > read more

Telekom Malaysia –Technical Buy

Published on 2011-12-13 00:44:00

Telekom Malaysia stock code 4863)– Trading/Services – RM4.55. Telekom Malaysia was a trading buy last month when the candle broke out of the uptrend channelat RM4.30 and the candles made a decisive breach before undergoing a brief consolidation period. Thereafter, the candles resumed its strong climb over the past few sessions to settle at RM4.55 yesterday. TM Technical Daily chart: : > read more

ORIENT – Short Term Buy?

Published on 2011-12-12 01:06:00

SHORT-TERM BUY (TECHNICAL) on dips for ORIENT (stock code 4006), with stop-loss at RM4.48. ORIENT reached a significant major weekly Wave 4 low at RM4.30 in late November 2011 with grossly oversold and bullish chart signals. Due to most of its positive indicators, it is likely to surge to its obvious upside Wave 3 and 5 targets (of RM5.17 and RM5.42) and resistance levels above. > read more

Alliance Financial Group (AFG) - Buying Momentum

Published on 2011-07-05 03:03:00

Technical Highlights Alliance Financial Group (AFG) Fresh Buying Momentum To Fuel New Rally Towards RM3.48 AIG Daily Technical Chart: (click to enlarge) Technical Interpretations: ♦ Since hitting a year high of RM3.31 in Nov 2010, > read more

Malaysia Building Society (MBSB) Technical Analysis

Published on 2011-06-20 23:15:00

Accumulate MBSB Towards RM1.38 For Longer-term Rally With A Chance For A Rebound In The Short Term above: MBSB Daily Chart (click to enlarge) Technical Interpretations: ♦ Over the last one year, MBSB’s saw its share price consolidating > read more

FBM KLCI Weekly - inches up amidst global volatility

Published on 2011-06-19 23:48:00

Support: 1,536 to 1,563 Resistance: 1,564 to 1,576 Strategy: The FBM KLCI gained 7.24-points and closed at 1,563.43 last Friday. The local market remained quite steady despite the Greek debt worries and uncertain and mixed US economic news. Local > read more

Esso - Technical Short Term Buy

Published on 2011-05-30 19:01:00

Short-term buy (TECHNICAL) on dips for ESSO at the support areas of RM4.90 Esso Stock Code: 3042 RM5.71 click to enlarge above ESSO weekly chart. Recommendation ESSO made a major weekly Wave 2 low at RM2.42 in June 2010 with grossly oversol > read more

Malaysia Propert Stocks Analysis May 2011 by HWDBS

Published on 2011-05-24 17:51:00

Entering uncharted territories • US Roadshow: Malaysia starting to gain investors’ interest, good response to MRT property story • Sector seeing new benchmarks for price and volume, land grab for MRT sites has started • Top pic > read more

FBM KLCI Technical Analysis 23 May 11

Published on 2011-05-22 18:29:00

FBM KLCI DAILY CHART TECHNICAL INDICATIONS Support : 1518 Resistance : 1544, 1565 Bias : Consolidation Under the prevailing conditions, the consolidating trend is still a feature with the > read more

SEG Technical Analysis - For Long Term Buy

Published on 2011-05-19 20:22:00

Chart wise: SEG International Bhd (stock code 9792) – RM3.94 click to enlarge above SEG daily chart Segi’s candles have been tracking the uptrend line formed since January this year, but the candles are on the verge of breaching th > read more

Kencana Petroleum Buy AME - Positive by Maybank

Published on 2011-05-17 19:01:00

A strategic acquisition. We are upbeat on Kencana’s purchase of AME, on financial and operational aspects. Valuations are decent, in our view, and the deal, secured with profit guarantees (RM40m p.a. for FY11-12) is mildly EPS accretive (+1 sen to > read more

Malaysia Building Society (MBSB) : A buy by AmResearch

Published on 2011-05-04 01:56:00

MALAYSIA BUILDING SOCIETY BHD (stock code MBSB 1171 BUY Price: RM2.55 (Ex-rights price: RM1.90) Fair Value: RM3.00 (Ex-rights price: RM2.20) 4 May 2011 MBSB trades ex-rights and warrants today Malaysia Building Society Bhd (M > read more

DIALOG Technical - Accumulate: Maybank

Published on 2011-02-20 17:24:00

Dialog Stock Code 7277 Dialog Group Berhad provides engineering, procurement, construction and commissioning services, and plant maintenance services. It also retails petroleum to oil, gas, and petrochemical industries, as well as markets specialty > read more

UEM Land Holding Trend Chart

Published on 2011-02-17 19:14:00

UEM Land HoldingsBhd(RM2.93@ 16/2/11) above: UEMland daily chart (click to enlarge) Judging from UEM Land’s price action over the last few trading days and the recent violation of the short-term downtrend line, it looks like the stock might be > read more

FRONTKEN CORPORATION BHD Technical Chart

Published on 2011-02-15 20:08:00

FRONTKLN Stock Code 0128 Chart wise : Highest since 8/2/2010 ……. Frontkn (0128 - MainBoard) had on 14/2/2011 crossed over the immediate high of RM0.22 (8/2/2011) to reach highest high of RM0.24 since 8/2/2010 before settled at RM0.235. > read more

UEMLAND Stock Code 5148 Buy

Published on 2011-02-13 18:16:00

UEM Land (ULHB MK - RM2.79 - BUY) UEM Land is the major developer of Nusajaya, which has been earmarked as one of the five flagship zones of Iskandar Malaysia. Iskandar Malaysia has made significant progress since its launch in 2006, attracting > read more

ASB ADVANCE SYNERGY BHD

Published on 2011-02-07 19:52:00

Chart wise : Highest since 21/12/2007…………… ASB Stock Code 1481 had on 7/2/2011 crossed over the immediate high of RM0.27 (17/1/2011) to reach highest high of RM0.315 since 21/12/2007 before settled at RM0.31. Price Direction > read more

SapuraCrest Petroleum: Buy By AmResearch

Published on 2011-01-27 17:11:00

Stock name: Sapcres Stock Code: 8575 Price: RM3.43 Fair Value: RM4.40 We reiterate our BUY call on SapuraCrest Petroleum (SapCrest) with an unchanged fair value of RM4.40/share based on an FY12F PE of 22x. The stock remains our top pick for the > read more

Malaysia Oil & Gas Stocks Outlook by ECMLibra

Published on 2011-01-25 23:58:00

Oil & Gas stocks target price Capex Plan AnnouncedRM10bn from ExxonMobil and RM5bn from Shell The Prime Minister yesterday announced that ExxonMobil Exploration and Production Malaysia Inc, together with Petronas Carigali, planned to invest > read more

CIMB Stock Techincal Review

Published on 2010-09-27 23:59:00

Current Active Stock Review – CIMB Stock Code 1023 Chart wise : Within upward channel ……. CIMB (1023 - MainBoard) had on 26/8/2010 traded higher to a day high of RM7.94 before settled at RM7.92. Above : CIMB Daily chart - click > read more

CIHLDG - Technical Buy On Dip

Published on 2010-09-22 22:29:00

CIHLDG – RM3.40 SHORT-TERM BUY (TECHNICAL) (Stock Code: 2828) CI Holdings Berhad (CIHLDG) is engaged in investment holding, and the provision of management services to its subsidiaries. It operates in beverages and investment. Recommend > read more

Hock Seng Lee

Published on 2010-09-21 22:44:00

stock Symbol & Code : HSL (6238) Buy (unchanged) Share price: RM1.70 Target price: RM1.90 (unchanged) Another positive lift. HSL’s RM99m new road contract in Samarahan, Sarawak has lifted its outstanding construction order book to RM1 > read more

GAMUDA Target Price RM4.35- DBS

Published on 2010-08-18 00:42:00

Gamuda BUY RM 3.35 Price Target : 12-month: RM 4.35 • RM36bn MRT project, a key milestone catalyst easily doubling orderbook with another 10 years earnings visbility • Excellent proxy to Vietnam's positive long term structural shift in > read more

Current Active Stock Review – Equine

Published on 2010-08-09 01:39:00

Chart wise : Resistance seen at RM0.54 ……. Equine (stock code 1147) had on 6/8/2010 traded higher to RM0.525 before settled at day low of RM0.50. Price Direction ….. In view of an increase in market participation, the stock cou > read more

AirAsia : Final call before take-off Buy

Published on 2010-08-08 21:43:00

Symbol & Code : AIRASIA (5099) We re-affirm our BUY rating on AirAsia and raise our fair value to RM2.20/share from RM2.00/share previously. We have raised our earnings projections by 2%- 8% over FY10-12F to reflect stronger traffic growth an > read more

Leong Hup Hldgs - stock code 4839

Published on 2010-08-08 20:56:00

Chart wise : Buying volume kicked in …………… Leong Hup Hldgs had on 6/8/2010 crossed over the immediate high of RM1.49 (2/8/2010) to a day high of RM1.53 before settled at RM1.50. Next Potential Upside Target : With the upside > read more

Malaysia Stocks : Sarawak Election Theme Play

Published on 2010-08-04 22:27:00

Five companies emerged as consistent top performers in share price upside before the elections. They are CMS, UBG, Encorp, HSL and Weida. State of play: Sarawak Election play. Our election play for Sarawak construction stocks, one of our theme > read more

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Blog Feed: Bursa Malaysia Stock Market Digest

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