Opportunity To Make Profit With GENM (Genting Malaysia)

Genting Malaysia is forming a symmetrical triangle and this patten is bullish patten. For short term the GENM may hits RM3.00 so I think buy now during share market drop may bring profit when next good news flow out to push share market up.

Panic selling may likely to happen when FBM KLCI broken 1,200 level I think, so during panic selling also is the time to buy good and potential share to make profit. I always buy share when KLCI in red sea.

Today's Market Preview (30-09-2009)

FBM KLCI broken 1,200 level may cause panic selling

Risk appetite remains low. There is plenty of confidence data out yesterday for the economy, business and consumers — both in the US and Eurozone. The trend should continue to signal recovery in confidence, from very low levels. With the commodities market still nervous, any data below expectations might cause more selling. Equities rebounded on yesterday but the rally did not continues in US.
























However, European equities are struggling, and the futures market signals the same for US equities. The general trend in US treasury yields has been lower since the start of last
week. The yield on the 10-year US treasury is now at 3.30%, after touching 3.50% last week Monday. The bond market remains well bid, and signals a bearish view on the economy. Although we see more weakness for the dollar towards year-end, support for US treasuries could support the dollar today.

Back to Asia, China will celebrate 60th anniversary of communist rule on tomorrow and the market react caution about it so I think today FBM KLCI will move sideways and if broken 1,200 level may cause some panic selling.

Today's Market Preview (29-09-2009)

OilCorp Dispute May Bring Profit Opportunity

OilCorp price was drop about RM0.24 since beginning of Sept due to announced that it had failed to meet its interest payment of RM1.64 million due and payable on Sept 17 and the reason for that is OilCorp said it did not have sufficient funds to settle the interest payment due as the receipt of certain large receivables had been delayed from is clients.

On Sept 15, it had written to Malaysian Trustees Bhd to seek an extension of up to one month from the interest payment date to remedy this matter.

If this matter setter the boss of OilCorp may push up back the company share so if buy now may be can make a huge profit but also huge risk. I just took the risk.

FBM-KLCI Correction Could Be In The Horizon

As we near the end of 3Q09, FBM KLCI likely to move sideways, even after rising 13% since end-Jun. Base on some report statistic, this rates KLSE stock exchange as the third worst performing market among the 11 Asian markets that report tracked, better than only Japan (+3%) and China shares listed in Hong Kong (+10%).

The top winners in the current quarter are Korea (up 22% quarter-to-date), Thailand (+21%) and Indonesia (+21%). On a year-to-date basis, we have fared even worse – at the second lowest rung (up 39%) just ahead of Japan (+16%) – way behind the best performers like Indonesia (up 80% so far this year), India (+73%) and Thailand (+60%). This statistic show that foreign investor is not going to invest into Malaysia like as before economic crisis. I think Malaysia goverment have note this early by change KLCI index base on 100 share to 30 share and FBM-KLCI index can be control by top 5 share out of 30 component share so that the index will not drop a lot compare with other 11 Asian markets.

How worst Malaysia economic in real I think only government will know. However the Malaysia government need to keep the index in good shape even how worst it is due to political reason so I think profit still can get in ours share market. Forward to domestic themes ahead, focusing on specific events like the 2010 Budget, the announcement of a National Automotive Policy (NAP, likely in Oct) and the impending listing of mobile telecommunication heavyweight Maxis (by year-end) will likely to give some energy to the index.

Closer on the calendar, on Wednesday (30 Sep), the monthly banking statistics for Aug will be out. And this Friday (2 Oct), an update on the business transformation plan by Malaysian Airline System – a laggard among the index component stocks – is scheduled to be held.





















Meanwhile base on HwangDBS report, supposing that the FBM KLCI has already plotted a fresh (temporary) peak on the chart last week, a correction could be in the horizon. Still, if recent history repeats itself, any market pullback is expected to be shallow (down by less than 7%) and short (extending fewer than seven days). Essentially, the benchmark index’s uptrend pattern – as guided by a rising channel comprising higher highs and higher lows – seems set to stretch on.
Technically speaking, should our market slide the first and second support lines are seen at 1,190 and 1,160, respectively. Beyond the consolidation phase, we reckon the FBM KLCI will get back in position to overcome 1,230 (the immediate resistance barrier) before sizzling its way towards 1,255 (its next resistance target).

Shanghai Stock Exchange May Test 2,700 Level Again

Shanghai Stock Exchange may test 2,700 level again and if broken 1st support line I think will cause some panic in Asia regional.

IJM has fixed the issue price for the IJM warrants at RM0.25

Subscribe to the warrants issue
IJM has fixed the issue price for the IJM warrants at RM0.25 and exercise price at RM4.00. This was after taking into consideration the theoretical ex-bonus price of IJM shares of RM4.23, which was calculated based on the 5-day volume weighted average price of IJM Shares up to and including 7 September 2009 of RM5.93. The ex-date for the 2-for-5 bonus issue is 29 September 2009.

As for the renounceable rights issue of 134.9m warrants on a 1 for 10 basis post the bonus issue, the rights will commence trading on 2 October 2009, the date of despatch of the prospectus and provisional allotment letter of offer is 5 October 2009, and the last day and time for acceptance,
renunciation and payment is 16 October 2009.

HWangDBS advise investors to take up the warrants issue to avoid any potential dilution. Moreover, at current cum price of RM6.60 (ex price of RM4.71), the warrants are in the money, whilst also considering the long expiry of 5 years. In addition IJM's orderbook of RM4.3bn is evenly distributed locally and overseas will give the mother share to bounds up. HwangDBS TP for IJM Corp at RM8.70.









For more information about IJM Corp click here:-
http://fbm-klci.blogspot.com/2009/09/hwangdbs-raising-ijm-corp-target-price.html

3Q2009 Is About To Over Will Black October Emerge?

3Q2009 is about to over in next week and if you still remember last year 2008 October is one of the month KLCI index drop the most to hits lowest that year at about 800 point. Most of the investor will call that month as a "Black October".

Black October actually not only happen in last year but happen a few time in history of world share market. Now will it happen in this year? Base on the chart, FBM KLCI index likely to move sideways and I think the index will well supported due to it can be control by top 5 share out of 30 component and plantation share will likely to give support to the index when banking sector is out of momentum.

























I think 3Q09 result will just about same with 2Q09 due to this 3Q the economic is drop by H1N1 and retail businuess will be the one hits hard. However Bank Negara still flow out the good news about Malaysia economic but how many investor will believe it. I think better now come out from share market and wait till the market correction before reinvest again.

I still believe the economic is getting better but now is just over brought and if buy during share market drop will bring more profit.

Today's Market Preview (24-09-2009)

Weekly Crude Oil Report From DGCX

WTI oil prices retested USD72 toward the end of last week, after approaching USD68 on Monday 14 September. Prices may continue to face resistance at USD75 over the near-term as the fundamentals do not yet support a strong move higher. According to Energy Information Administration, U.S. crude oil stocks have been declining but remained above 22 days of supply as of 11 September. With the supply – demand balance still weak, oil may continue to trade on improving economic conditions and changes in the U.S. dollar.

However, current prices levels already may account for the expected uptick in energy demand following an end to the economic contraction. A move toward USD80 therefore seems unlikely over the next few weeks. Prices may remain locked in a range this week, reaching for USD75 if the bullish economic news flow continues or falling closer to USD65 if economic uncertainty resurfaces.

Market Focus Report From HwangDBS

Expect lower deficit.
The 2010 Budget will be presented in Parliament on 23 October amidst a challenging economic
environment. The Prime Minister will need to steer the economy towards robust economic growth while keeping the lid on a ballooning fiscal deficit. We expect a lower deficit in 2010 at 6.8% of nominal GDP versus 8.5% this year on lower operating expenses. In our opinion, there is a possibility of incremental corporate tax cut and a timeframe for Goods and Services Tax (GST) implementation in the future.

Higher development expenditure.
In terms of development expenditure, we expect a record allocation of RM55b-RM58b from
RM53.7b in 2009. As pump-priming remains a cornerstone to drive economic growth, there will likely be renewed emphasis on the upcoming mega projects such as the LCCT, LRT extension and Interstate Water Transfer – which should start latest by next yearend. The focus should be on implementation of these key projects and as such, we do not expect many other new mega projects. In our opinion, there is good chance of higher excise duty for cigarette makers. Historically, the government increased sin taxes for the tobacco sector in eight out of the past eleven years.

Positive on banks, construction, property.
Among the heavyweights on the index, the banking sector is trading at relatively low PE
multiples with

1. Public Bank (TP: RM11.10),
2. AMMB (TP: RM5.20),
3. Hong Leong Bank (TP: RM8.00) and
4. CIMB (TP: RM12.10)

trading at 12-13x forward earnings while the KLCI is at historical average levels of 15x earnings (and 1.7x book).
We also remain optimistic on the construction sector and expect upside for share prices for select
stocks as projects are awarded over the next 12 months. Our picks are

1. IJM Corp (TP: RM7.00) and
2. Gamuda (TP: RM4.25).

For property, we expect positive newsflow and potential upside in margins in the sector to lift valuations. We like large cap sector leader

1. SP Setia (TP: RM5.00) and niche developers
2. E&O (TP: RM2.10) and
3. DNP (TP: RM2.60).

We remain contrarians on large cap laggard MISC (Buy; TP: RM9.60).

HwangDBS Large Cap Buys










HwangDBS Small-mid Cap Buys

An Update Of KNM From HwangDBS

If KNM is on bullish patten KNM-CB and KNM-CC will be a profitable warrant.

Will FBM-KLCI Rally To Hits 1,300 point?

Month by month FBM KLCI is making new high and market is continues flow out good new from China and US. Both market is effected Malaysia market well, when good news come from China, Malaysia market will up and the same from US market too. Beside share market, gold price also bounds up strongly with US Dollar weakening.

Will FBM KLCI rally to hits 1,300 point before any correction? What is the next level for FBM KLCI in October? All are welcome to vote at my blog.

Today's Market Preview (17-09-2009)

Just Sale Out All My KNM Share

Yesterday KNM bounds up more higher and I sale out my balance share at RM0.775. Will buy back the share when it drop below 1st support line.

Related Posting:-

1. KNM Drop Below RM0.70 Support Line
2. KNM Technical Bounds Up But Forming A Descending Triangle

Today's Market Preview (16-09-2009)

KNM Technical Bounds Up But Forming A Descending Triangle

After broken major or 1st support line at RM0.70 yesterday KNM bounds up to close at RM0.745 with day high at RM0.75. This is a technical bounds up and KNM likely to forming a descending triangle. If KNM really forming this patten so the price will drop to next support line at around RM0.55 before any rally or bull run. I think today KNM likely to keep the price at above RM0.75 to form a descending triangle.

I just sold out all the share I brought at RM0.695 on Monday at RM0.74 with 6.47% of profit. The profit is not mach but I get this profit without bank in any cash yet ( still in T+3 ). Base on the chart and latest update from off market, KNM share price likely to form a descending triangle and it will be risky to keep the share better keep your money.

I still holding some KNM share I buy early at RM0.75 and will sold it out by today.



Related Posting:-

1. KNM Drop Below RM0.70 Support Line

Today's Market Preview (06-07-2009)

KNM Drop Below RM0.70 Support Line

KNM close at RM0.695 on yesterday and broken 1st support level at RM0.70. Now KNM is drop into oversold zone base on RSI. Since KNM announcements on 2Q2009 profit drop, the share price was drop from around RM0.90 to RM0.695 equal to -22.77% however since start the drop KNM had share buy back start at 24/08/2009 till now cumulative net outstanding treasury shares as at to-date (units) is 58,079,500 equal to 1.45%.

Same thing happen before in IOICorp and after a few week IOICorp bounds back strongly so will KNM do the same? For me I think likely KNM will bounds back to RM0.70 and move sideway untill 3Q09 announcements. Yesterday had brought some KNM share on RM0.695.

Banking Sector Moving Higher With CMF Chart In Negative Zone

Today FBM KLCI is mainlly supported by Banking sector specially CIMB. PBBANK, AMMB and CIMB all moving up higher with CMF chart in negative zone, money flow out but price increasing.

Today's Market Preview (14-09-2009)

Will Hari Raya Rally Continues This Week

With FBM KLCI closing at last Friday on 1,208 most of us will think will the Hari Raya rally continues this week? Most of the big fund if they want to cash out for Raya bonus should done it by last week due to they need time to cash out from bank so likely they will cash out from market in this week so Market will supported. However Hari Raya is just around the corner so activity in share market may likely to slow down so market may likely to maintained.

For me it will unlikely the market to drop below 1,200 point by this week.

FBM-KLCI Likely To Hits 1250 Point

Base on the chart thing is getting better and also good news is flowing out from US and China about economy recovery. By using chart analysis FBM-KLCI may hits 1250 in this rally after that most of the fund manager likely to cash out they bonus for this year and do some windows dressing till end of 2009. When the fund manager cash out the money so myself also will follow due to after that during they go in the share price normally will drop, same old word "Buy Low and Sale High"

Today's Market Preview (06-07-2009)

AMMB Overbrought With No Major Price Push Up

Base on the RSI chart AMMB is in over-brought with 72% base on 14day RSI but with CMF is in negetive zone so I think this likely a accumulation on AMMB share by some fund or share holder or may be changing hand of share between one share holder to another.

However all this activity they don't want to push up the price. I think it may be some news will flow out to push up the price so now the fund is positioning for the bounds up. Off cause I may be will wrong because if base on the Wm chart and over all FBM-KLCI now is in high point and the share price may turn down.

Buying share sure will be some risk but I think AMMB will likely bounds up to news high in short term may be after Hari Raya. Myself did not buy AMMB but I brought AMMB-CD due to warrant will earn more if the mother share in rally.

Today's Market Preview (10-09-2009)

Today's Market Preview (09-09-2009)

Crude Oil Weekly Report From DGCX

Report From




WTI oil prices remain responsive to movements in the U.S. dollar and the equity markets but supply-demand conditions may come back into the foreground over the next few weeks. The inventory overhang continues to present downside risk to prices even as demand fundamentals improve.
According to the U.S. Department of Energy, U.S. crude oil inventories stood at 343.4 million barrels for the week of 28 August, 13.0% above year-ago levels. With excess supplies and no clear direction from technical signals, investors have turned more cautious on the oil market. The 1 September CFTC Commitment of Traders report for Nymex light, sweet crude oil showed that the non-commercial net long position declined 8.8% week-on-week to stand at 126,083 contracts.

If investor attitudes converge with the market’s fundamentals, oil prices could break below USD65 this week. Otherwise, more sideways trading can be expected with prices hovering between USD66 and USD71.

Base on the news look like Oil company share price likely to move sideways and in short term did not have any bounds up momentum.

FBM-KLCI Hits Day High 1,200 After Gold Price Hits USD1,000 Per Oz

FBM-KLCI form 3 W patten since March 2009. Ever end of the W patten is a bounds up, will the rally continues after hits 1,200 level? We will need to wait and see.

Will FBM-KLCI Form A Second Time W Patten?

Since beginning of March 09 bull rally, FBM-KLCI form a W patten before jump more higher to 1190 level, however during that time KLCI 100 index also change to FBM-KLCI which only count base on 30 share and this W patten form in a month time. Now look like FBM-KLCI is also forming a second W patten but will the index jump high again?

I think likely the index will jump up again after forming a double bottom or W patten but the level will not been that high like the first W patten and likely will drop back if the index hits 1200 level due to doubt about the sustainability of global economic recovery. Due to the same reason investors may seek refuge in gold by changing they investment in share into gold.


















By yesterday US gold futures hit a six-month high of US$1,000 (RM3,500) and spot gold also rose to six-month high yesterday as the dollar’s weakness, concerns about the sustainability of the global economic recovery and worries about inflation underpinned sentiment. Along with currencies, analysts were watching stock markets to gauge gold’s direction. A sell-off in equities on concerns about the economy could boost gold’s safe-haven appeal.

Today's Market Preview (08-09-2009)

GPACKET Bounds Up After Right Issue

GPACKET just bounds up after the right issue. Base on the chart money is flowing out and not yet see any sign the share price will continues up above RM0.80 however the formation of the chart is good and building up a base.

Today's Market Preview (04-09-2009)

KNM Price Likely To Bottom Up Soon

Base on the chart KNM price likely to hits bottom this season at around RM0.70. This level is the major support line and if KNM price drop below this level than the price will likely to hits RM 0.55 for next major support line. I think to broken this level will be unlikely due to market will rally again for entering 4Q2009.

Gold Just Start The Rally To USD1,000 Per Oz

Now gold is on the bull run to USD1,000. This morning gold just close at USD991 per ounce equal to RM112.27 per gram.

For more detail click to my Gold Investment Blog

Today's Market Preview (03-09-2009)

More Down Side FBM-KLCI Will Go

They are some bad and good news flow out since begin month of August but in Asia especially Shanghai Index had continues drop and above 20.5% correction. For Malaysia FBM-KLCI, the index still hold above support line 1150 and I think more down side will go due to base on the chart I did not see any bounds up sign yet.

Now most of the fund manager is cashing out their profit from share market and I think they not done yet. However share sure will bounds and correction. I think when FBM-KLCI drop below 1150 we can start buy in some good quality share due to the economic is on the way of recovery so the share will bull run again by year end.

Now share market is correction and now gold market is about to start again it bull run to hits USD1,000 per oz.

For more Gold Investment Info click here...

Today's Market Preview (02-09-2009)

Market Summery For 2Q2009 Roundup By HWangDBS

Market Summery For 2Q2009 Roundup By HWangDBS

SSE Composite Index Not Looking Good

Shanghai Index just miss the double bottom patten so this is not looking good and likely the index will drop down to 2.4K support line. If the market is drop buy put warrant, they are few new put warrant be issuer out at last month.

Today's Market Preview (01-09-2009)