Today's Market Preview (30-10-2009)

FBM KLCI Will Bounds Up Today

Base on the chart FBM KLCI will likely to bounds up today to end Oct with some good record. For me this is a rest point to pull out your share if your investment is short term, likely Nov will see FBM KLCI drop below 1,230 before windows dressing on Dec 2009.

Axiata Hold On 1st Support Line

On 16 Oct 2009 Axiata Group Bhd says PT Excelcomindo Pratama Tbk (XL) rights issue, which will raise US$300 million, is on track as scheduled and is expected to be completed in December.
Nonetheless, its steady free cashflow generation of estimated RM1.5 billion to RM1.6 billion in FY09F-FY10F should partly meet Axiata’s debt obligation and capex requirements.

Axiata share price hits high at RM3.20 have drop to now the 1st support line at RM 2.90 but this is a vary important support level due to the 2nd level will be RM2.40. If Axiata broken 1st level RM2.90 I think panic selling may happen to drop Axiata share to RM2.40. This level is AmResearch target price.

However if Axiata can hold on at RM2.90 untill next buy up of FBM KLCI at end of the year or buy vol go up with price hold on at RM2.90 will see Axiata share price may likely to bounds back to RM3.20. But in over all Axiata upside potential is limited so the best idea to invest into Axiata to maximum profit is buy into warrant, Axiata-CC and Axiata-CD.

This two warrant have drop to lowest since issued out by CIMB and OSK and the expire date is still far. I think the warrant may move up by end of the year when market getting better or windows dressing.

FBM KLCI Fully Supported By CIMB

A last min push up by CIMB really saw ours FBM KLCI is control by government. As US DJ index and S&P 500 drop Asia regional also drop due to bad news roll out from US recovery data. However if you analysis by chart, this correction is needed for the index to continues to bound up.
























Up to date FDI still slowly flow out from Malaysia and I think if government continues to control the index, more FDI fund will flow out. Yesterday or since Budget 2010, Tel sector is doing vary will like GParket and REDtone is bounds up vary strong but all this is not in FBM KLCI.

Redtone bounds up strongly

Redtone share price speculated up today by using budget 2010 and 1Q report result. This company is like GPacker so if want to invest into this type of share, a carefully study is needed. If got insider news will be the best!

Market Strategy After Budget 2010 Full Report From HWangDBS

Download Market Strategy After Budget 2010 Full Report From HWangDBS

Profit Taking After Budget 2010

Profit Taking After Budget 2010, however if the vol high but the share price drop a bit by this week, FBM KLCI may likely to go up but if high vol with price drop a lot, FBM KLCI may likely to correction.

Today's Market Preview (26-10-2009)

Budget 2010 Effect On FBM KLCI Is Over

Budget 2010 reviewed last Friday did not see a vary good budget. Due to the budget, FBM KLCI was supported strongly and now the element of surprise is over, will FBM KLCI drop below 1,200? For me unlikely will happen not because of Malaysia economic fundamental strong but due to FBM KLCI index can be support by only Banking sector and Plantation sector.

However I think month of Nov will drop compare to Oct. Think may turn wrong if you see US DJ index chart already showing some sign of weakening. I think it is better to be ready to next big correction.

GPACKET A Highly Speculation Share

They are a lot of news about GPacket lately and the share price bounds up strongly together with the news. Most of the fund manager will use this opportunity to speculate the share to make profit from retail investor.


















However GPacket business likely to make money with P1WiMax and I think future of this company is good, just that the share price always been speculated till hard to analysis by using chart but if got insider news sure make a big profit.

Oil fundamentals calling for a correction

Front-month WTI crude oil broke above the $80/bbl resistance level, climbing to $82/bbl in New York last week, despite gains in both API and DOE inventories and increased US crude and
distillate fuel production levels. After the US API reported a 3,847K barrel increase in crude oil inventories on Tuesday, the next day DOE inventory data also showed a 1,312K build in crude stockpiles. Distillate inventories declined 784K bbls. Although gasoline stockpiles contracted, most of the investor associate the 2,200K run on DOE gasoline stockpiles with decreased refinery usage (utilization rates are down 1 percentage point, to 81%).

The recent build on crude inventories is a function of decline in refinery runs and seasonal demand weakness for gasoline. The build in inventories could imply that a growing speculative premium is driving crude oil prices. According to the latest CFTC data on NYMEX crude oil, speculative net long positions have increased by 21,191 contracts, with the number of bullish investors expanding 3.2% w/w.

Base on the report I read they believe an oil price around $71/bbl-$73/bbl would be more consistent with current underlying fundamentals and they think that crude oil above $80/bbl is unsustainable, given weak demand.

Today's Market Preview (23-10-2009)

FBM KLCI And DJI calling for a correction

Base on the chart both FBM KLCI and DJI is about to drop to nest support line. I think likely the drop of correction will be happen in next week or begin of Nov.

Base on 2007 which no "Black October" happen the next month Nov will drop before bounds up to year end, I think likely will happen in this year 2009.

GAMUDA Forming A Bullish Sign But No Buy Sign Yet

GAMUDA is forming a bullish pattern but CMF chart is on positive? I think something or some news will affect GAMUDA share soon. Usually the push up is from big fund and CMF should show negative but this time the big fund is in the share, look like waiting to take profit.

May be tomorrow budget 2010 news will affect the share price.

Today's Market Preview (22-10-2009)

IOICORP Broken RM5.40 Level After Forming Double Top

Double top is a bullish sign in chart analysis and this is what happen in IOICorp last few days. Share price had hits low at RM5.20 after forming double top and bounds up as high as RM5.60. However the rally momentum is limited by Asia regional market situation but if you buy IOICORP-CJ ( IOICorp warrant ) the up side is more that 15%. A vary good profit.
























If you miss the boat of IOICorp short bounds up, we still can make money when the share price turn drop because IOICorp got one put warrant name IOICorp-HA. The way to make money is opposite of structure warrants.

Today's Market Preview (21-10-2009)

FBM KLCI Is About To Correction

Yesterday FBM KLCI close with a doji sign and this sign is a early sign of FBM KLCI is about to correction however the vol is still high to give support to the index.

By end of this week I think more sign of correction will show for me I'm now exiting the market and plan to buy in when it dip.

Bullish Sign On KNM Share Price

Money start flow back into KNM share. Look like KNM share price forming a bullish formation, if the price broken RM0.90 KNM share likely to go higher to hits above RM1.00

Today's Market Preview (20-10-2009)

Stock market increase is not because of foreign money inflows

Even though the FBM KLCI is presently standing at 1,261.49 (a 16½-month high), our domestic stock market increase is not because of foreign money inflows. More likely, the positive performance is chiefly attributable to local institutional funds buying.

Through the first nine months of this year, foreigners made up just 25% of total trading value in the Malaysian stock exchange (the ratio was the same in the first half) while retail investors accounted for 35% (versus 36% between Jan and Jul this year), according to data provided by Bursa Malaysia last week. Capturing the limited presence of overseas money in Malaysia, foreign ownership as a percentage of overall market capitalization stood at 20.8% as of end-Sep 09, almost similar to end-Mar’s 21.0% and end-Jun’s 20.7%.

Investors at home will be eagerly watching the Budget 2010 presentation to be unveiled on
Friday, 23 Oct. As usual, talks of new policy measures and changes will be heard in the run-up to the budget speech. But in reality, amid the variety of expectations – which sounds more like a long wish list – I think we will tend to see pockets of disappointments while in most other cases, any impact from the policy implementations will likely be felt only in the longer run. (Perhaps of a bit more newsworthy will only be the government’s official forecasts on economic growth and budget deficit for next year). Therefore, in terms of direct stock market effects, it will probably be broadly neutral generally speaking.

Today's Market Preview (16-10-2009)

GPACKET Bounds Up Again

GPACKET bounds up again strongly, however this may been a speculative activity. To buy in now is a bit risky.

Today's Market Preview (15-10-2009)

PBBANK A Bullish Sign Formed

Look like in this few day PBBANK share likely to short up high. Base on the chart PBBANK share price is about to go higher and may broken RM11.00 level if regional market no bad news roll out.

FBM KLCI Index Bounds Up High Power Up By Banking Sector

Today FBM KLCI close highest in 15 months, if you buy in during last few day when FBM KLCI is in red sea now you can cash out for Deepavali holidays.

PBBANK 3Q2009 Is About To Flow Out, Speculation May Happen

This few day PBBANK is showing bullish sign and as usual, PBBANK share always turn positive when come to financial report release. So far PBBANK is doing well and I think this 3Q2009 result may be good.

To invest into PBBANK the share is too expensive, I target my investment to warrant. I brought PBBANK-CL at RM0.135 and my target is RM0.18 in short term depend on market situation.

PBBANK-CL

• Exercise Price: RM9.89
• Ratio: 1:8
• Effective Gearing: 5.4
• Implied Volatility: 24.4%
• Maturity Date: 2 Sept 2010

Palm Oil Report From HWangDBS

Don’t miss the boat

• September palm oil exports flattish (-0.4% m-o-m) at 1.31m MT; inventory up on seasonal uptick in production
• Rebound in CPO prices in 4QCY09 expected on demand recovery
• Collect laggards now, upside at decent 9-62%
• Weak El Nino continues; impact not included in our forecast

Flat September exports not a done deal. As expected, MPOB September data showed nearly flat palm oil exports (-0.4% m-o-m to 1.31m MT). This was due to drop in exports to India, partly offset by increased shipments to Pakistan, China and EU. At September end however, inventories were 11.5% higher m-o-m to 1.58m MT, due to seasonal uptick in production (+4.1%
m-o-m) to 1.56m MT. September estimated stock/ usage ratio therefore rose to 8.6% (from 7.7% in Aug).

Demand to re-enter markets. We continue to maintain our view that after near-term consolidation, palm oil prices may rebound in 4QCY09 on seasonal declining production trend, stronger soybean oil prices (on flat crushing activities), rebound in Indian demand, and weak USD. We also expect Chinese demand to reenter the market for December delivery, ahead of mid- February Chinese New Year.

Buy laggards. Given the above prospects, we believe that any near term correction should provide an opportunity to collect some laggards. Our top Buy picks remain Sampoerna Agro, KL Kepong, First Resources, IndoAgri, Kencana and Wilmar, as even at current levels, these counters have sufficient upside to our TPs. We also recommend switching out of high-PER counters.

Weak El Nino continues. NOAA report released last week indicated that ongoing weak El Nino is expected to strengthen and peak at moderate strength during mid September-mid December. It is expected to cause drierthan- average conditions over Indonesia. So far we have not imputed any impact from El Nino. Nevertheless, should El Nino manifest stronger, there would be potential downside revision to Indonesian CPO production for CY10F.

Today's Market Preview (14-10-2009)

A Bullish Patten From In AnnJoo-WB

Ann Joo Resources is a steel manufacture and trading company. The profile of this company is good with high cash flow, however this share did not give out good dividend base on the earning and cash flow it have. With steel sector recover from economic crisis news had start flow out in report and news paper, most of the steel company is start to bound up with showing a good financial result.

Base on the chart, AnnJoo is showing a bull rally sign with high vol on 18 Sept but money flow out from the share, the share price drop a bit and now bound back broken 18 Sept high to close at RM2.60. So if the money flow out on 18 Sept to use back to push up the share sure AnnJoo share price will have a big jump soon along with positive quarter financial result flow out. For long term investment I think AnnJoo is a good counter to invest in.























Is the mother share will or may be to rally up and you may found the share price is a bit high AnnJoo have a warrant code AnnJoo-WB. This warrant is expiry date at 10 Jan 2013 with exercise price RM2.50 ratio 1:1 and premium above 30%. Base on the chart AnnJoo-WB is forming a bullish patten ( Symmetrical Triangle ) so I think AnnJoo is about to show some good financial result or some good news will be flow out soon.

I think this few day development of the share price and vol may review so buying sign soon. For me I will buy AnnJoo-WB when the share price dip.

Today's Market Preview (12-10-2009)

Positive Outlook This Week For FBM KLCI

With the news Isa wining the Bagan Pinang site will bring positive outlook to FBM KLCI index especially CIMB share due to this counter is totally control by government or Barisan Nasional. I think this week Malaysia share market will bounds up strongly when Asia market bound up with good news from the west.




I personally focus only in Bank and Plantation warrant to try to get maximum profit before end of the year due to I think begin of next year 2010 the share market likely to be a big correction to review the true economic status.

Oil Inventory Drop As Improvement In US Crude Oil Demand.

Base on US crude oil report front-month WTI crude oil fell from USD71.50/bbl to USD68.90/bbl in New York trade yesterday despite a contraction in both DOE and US API crude oil inventories. DOE inventory data, released yesterday, showed a 978K barrel contraction in stockpiles for the week ended 2 October while Tuesday’s API data showed a 254K barrel contraction in US crude inventory levels for the same period.

















Ordinarily this data should be positive for crude oil prices, particularly as last week’s run on US crude oil inventories, coupled with a 79K increase in API crude imports, signals an improvement in US crude oil demand.

However the overhang of inventory is still so large, that the market remains focused on technical patterns and the currency markets, rather than on the inventory statistics. A net 3,051K barrel build on US API crude oil inventories since 11 September. Although we have seen a 56K barrel run on DOE inventories over the same period, inventory levels at 337,426K are still some 13,420K higher than the 5-year average.

This should continue to weigh on prices and sentiment, and cap the upside. Keeping with this theme, even though the EIA has increased its global crude oil demand forecast by 0.2mbpd to 84.7mbpd - due to sustained Chinese economic growth - it has done so without changing its crude oil price forecasts, sighting large global crude oil inventory levels. It will be interesting to see at what point this cap to prices is removed.

Top Glove Profit RM57m For 4QFY09

Finally the dividend is out and I'm also pull my self out from Top Glove to secure my profit after holding the share almost 1 year ( brought on 07 Nov 2008 at RM3.80 ) Just done today sale on RM8.28 a profit of 117.89%. This is the biggest profit I make from 2008 up to date.

FBM KLCI Broken The Congesting Zone

Yesterday FBM KLCI hits higher to close above 1,230 level with most the push up momentum is come from Banking sector. Due to the rally of gold price, most of the bank asset will be up especially bank that hold a big amount of gold and also USD value drop again RM will help reduce the international debt by the government.

Base on the latest performance of FBM KLCI, the index likely to hits high again before end of this year ( above 1,250 level likely) however sure the push up momentum is from Banking sector because banking sector is 33.7% of FBM KLCI index especially CIMB is the biggest single share in the index.

For me I think buying in into bank warrant is a good profit making strategic once the bank sector start to push up high toward year end. I had keep most of my profile full with bank and plantation warrant due to this 2 sector is the biggest momentum push up for FBM KLCI.

TopGlov Hits Above RM8.00

Since Monday this week, TopGlov share bounds up strongly in continues 3 trading day and hits above RM8.00. Base on the chart, before any of this bounds up a bullish pattern already been form and accumulation of share happen without push up the price. When no or less selling they push up the price will be more easy due to big selling may unlikely to happen. Together with good news of financial report will help to push the price more higher.

Gold Price Is Bounding Up.

Due to USD value drop Gold price in USD per oz is hitting USD 1,032. However ringgit vs USD did not strong enough also, now Malaysia gold also hits high to RM115 per gram in international market.

Public Bank Gold Investment Account as at 07/10/09 2:23 PM

	Selling Price	Buying Price
1 gram	RM 117.5800	RM 113.0100

Today's Market Preview (07-10-2009)

KNM Update Report From HWangDBS

KNM Group (RM0.76; Buy; Price Target: RM1.10; KNMG MK)
Secures RM155m new contracts

KNM announced yesterday that its subsidiaries, FBM-KNM FZCO (“FBM”), KNM Process Systems Sdn Bhd (“KNMPS”) and Borsig Boiler Systems GmbH (“Borsig”), have secured RM155m new orders. The new orders include:-

1. FBM, from Danieli & C Officine Meccantiche SpA, for Reactor Vessels for the Gulf Steel Plant Project in Egypt;
2. KNMPS, from Technip Itally SpA, for Shop Assembled Columns for the Jubail Export Refinery Project in Saudi Arabia; and
3. Borsig, from EdeA V.O.F., for the engineering, supply and installation of Steam Boilers at Chemelot Industrial Estate in Geleen, Netherlands.

The new order win is in line with our view that contract flow for the oil and gas sector has picked-up following the stronger crude oil price and completion of cost review for some of the outstanding projects. Contract flow has picked up since July 09 for KNM, with RM1.5b new wins for YTD09. We estimate average EBIT margin of 25% for the RM155m new projects, with EBIT contribution of RM38.8m to be recognised over the next 1-2 years. KNM is poised to secure new contracts as new projects from the Middles East have started to flow through. New development at the Northern corridor of Malaysia and Australia (KNM is bidding for c.US$300m worth of jobs at Gorgon), could also lead to more projects.

Maintain Buy and RM1.10 target price based on 10x FY10F PE, which is its midcycle valuation. KNM is now trading at attractive 7x FY10F PE against local and regional peers’ averages of 9x and 15x.

Today's Market Preview (06-10-2009)

TopGlov Ready To Push Higher

TopGlov is one of my Fix Deposit share in my investment profile. TopGlov about to flow out the Q report and it will be a good result base on market reaction.

FBM KLCI Up 10 Point At Last Minute Market Closing

Yesterday FBM KLCI close high with up 10 point at last minute before market close and the up is dominance by CIMB and KLK only. Before closing KLK jump high with last done 17.00 and push FBM KLCI up 6 point. I really not understand why KLK jump so high, may be some new will flow out today.



















CIMB also push up FBM KLCI, with about 3% increasing will push FBM KLCI up 2 point so as long as goverment hold the top 5 share, FBM KLCI will be fully controled and loss the true picture of Malaysia economic.