Monday, 11 October 2016

Dear Savvy Investors,

KLCI closed low at 1,665 while DJIA closed little lower at 18,240.
The rest of the market around us closed low except for CHINA A50 which closed a little higher.
Australian ASX 200, HONG KONG HSI, Indonesia IDX, Jappan Nikkei, Korea Kospi, Taiwan Weighted, German Dax and Singapore STI all closed lower, hence I am expecting a not-so-exciting market this Monday.

·        Rubber priced have lowered by a lot, hence a lot of BIG Rubber producers like KLK and SIME have been lowering their production in conjunction with TRC agreement to reduce exports to ease the supply glut.

·        Sugar price has increase hence it will be higher operating cost for related counters like cocoland (although they said it is manageable), Nestle will be slightly affected and other sugar counter such as APOLLO, F&N, OFI, Hupseng , Dlady. MSM will be badly impacted.

·        Perisai might be causing a domino effect to all the Oil and Gas Counters which are in debt. Hence trade cautiously in Oil And Gas Counters, although the Oil price is rallying, however for companies to start making money in Oil And Gas Industries, the current price is still way below the breakeven price of $58. Also, I think that OPEC will come out with an announcement stating that Agreement has not been sign.

Friday 11/10/2016 market ideas:

1.      A&M: This one really need to put in important watchlist.

Continuation of stocks in our Watchlist :

1.      Kimlun (midterm): seems seller not much, much more to go. First mentioned 2.14, highest is 2.22 lowest is 2.14, cut loss is at 2.06.

2.      OCNCASH (midterm / contra) both also can. As long as it stay above the 0.4 line, it will have chance to shoot up. Strongly supported at 0.41, hopefully it will go lower to enable for collection.

3.      WCT: First mentioned at 1.64, highest 1.72, currently at 1.68 which is the support.

4.      Pwf (20/9) mentioned at 0.74 and reached a higest of 0.79. currently is at 0.785. lock profit it closes below 0.77

5.      Suncon: 28/9 was at 1.62 level reached a highest of 1.73.  If you have these just continue to hold. Already bullish, any retracement can consider to increase position in Suncon. Will be Seeing some correction.

6.      HEVEA: Congrats if you have this. I already sold 1/2 of my holdings in this counter. However since there are many more sifu, guru, leaders who just start to notice this , I guess I will continue to hold on to this counter. I will cut if it fall below 1.29 else my TP for this is 1.40.

7.      TALIWRK (refer to 6/10) don’t see many sellers for this counter. It will climb higher. 1.5 is the support is a nice time to enter ( cut if fall below 1.47)

8.      OWG : bullish signs appear, it is now at its support. OWG cut if below 2.24. still above support line.

9.      SKPETRO and DIALOG to rally along with oil. Just monitor oil price and then that will decide for you to whether continue stay in this counter. DIALOG cut loss at 1.51, SKPetro cutloss 1.60.

Monday Blue Strikes ! Be Positive so you that you don’t see all BLUE NOTES (RM1) We want Purple Notes ! (RM100)

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