Monday 24 October 2016,

Dear all,

With the Not-So-Amazing Budget 2017 last Friday, sectors which benefitted from the budget are construction focusing more on infrastructure, Led lightings, small-mid cap companies.

Also with the Saudi stating that many countries backing the OPEC deal, we should see oil and gas counters to continue rally. Once again I would like to inform all to take whatever that is left in PERISAI (or else there will be nothing left) despite there are news circulating that big companies are ready to buy PERISAI’s assets.  

Another highlight which is PESONA, which managed to obtain a 402m contract with about 1Billion in their order book. This construction counter will be on a uptrend for mid and long term players. As for tomorrow, if it gap-up too much, short term plays: best is don’t chase or chase with own risk appetite if you wanna FIFO.

Stocks to watch this week (24-29 october)   are:

KIMLUN (construction): support 2.12, TP 2.26

PRESBHD (education) budget mentioned about PPP and ESCBLA which are projects of PRESBHD, and on Friday we see some interesting movement as well. Support 2.20 Tp 2.38

ECONBHD (construction): Support 1.79, TP 2.0

MMSV (LED and semicon in automotive inds): Support 0.64, Tp 0.705

AWC (IFM) : 0.81 support, TP 0.845

AZRB (construction):support 0.635, TP 0.685

SILKBHD (hiway): support 0.37, TP 0.45

EG (EMS) :support 0.87, TP 0.91

REXIT (insurance): support 0.635, TP 0.745

ILB(logistics): support 0.85, TP 0.91

MIECO: (export) support 0.99. TP:1.12
 

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