KLSE Traders Update and Ideas
Daily Market Update - 17 Sept 2019 (My EG Services Bhd, Sapura Energy Bhd)
Dow Jones: 27,076.82 pts (-142.70pts, -0.52%)
U.S. stockmarkets retreated as the Dow slipped 0.5%, snapping a seven-day rally on the renewed geopolitical tension in the Middle East. The immediate resistance is located at 27,400.
FBM KLCI: 1,601.25 pts (+0.25pts, +0.02%)
The FBM KLCI (+0.02%) recovered all its intraday gains to close marginally higher, mirroring the positive regional peers' performance ahead of the extended weekend break. The immediate resistance is located at 1,620.
Crude Palm Oil: RM2,221 (RM0, 0.00%)
Crude palm oil prices finished on a flattish note as gains were capped by the stronger Ringgit against the Greenback. The immediate resistance is located around RM2,250.
WTI Crude Oil: $62.90 (+$8.05, +14.42%)
Crude oil prices experienced its biggest one-day rally after half of Saudi Arabia's crude oil production took a hit from drones attack. The immediate resistance is located at US$64.
Gold: $1,498.43 (+$9.90, +0.67%)
Gold prices rebounded as demand for safe haven assets rose on the renewed geopolitical uncertainty in the Middle East. The immediate support is located around $1,450.
Economic Releases:
US - United States' Industrial Production, 9.15PM
US - United States' Manufacturing Production, 9.15PM
M+ Online Technical Trading Stocks - 17Sep19
Stock Name: My EG Services Bhd (0138)
Entry: Buy above RM1.45
Target: RM1.55 (6.9%), RM1.60 (10.3%)
Stop: RM1.38 (-4.8%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Stock Name: Sapura Energy Bhd (5218)
Entry: Buy above RM0.285
Target: RM0.31 (8.8%), RM0.32 (12.3%)
Stop: RM0.27 (-5.3%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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Twelfth Malaysia Plan
Year 2020 marks the end of Vision 2020 and the Eleventh Malaysia Plan, 2016-2020 period. As a continuation, a post-2020 development plan with a clear strategic direction will be formulated to set the way forward for national development agenda along with the implementation framework over the next decade. This is to ensure an inclusive and meaningful socioeconomic development towards a more prosperous society.
The Twelfth Malaysia Plan (12MP) will be aligned with the shared prosperity initiative encompassing three dimensions, namely economic empowerment, environmental sustainability and social re-engineering.
The economic empowerment dimension will include new sources of growth, including Industrial Revolution 4.0, digital economy, aerospace industry, integrated regional development as well as growth enablers such as sustainable energy sources and infrastructure connectivity.
MINISTRY OF ECONOMIC AFFAIRS
2019-10-18 13:03
Past MYEG ,DSONIC they linked Barisan Nasional .NAJIB prime minister or finance minister run programme Government Transformation Programme (GTP) Vision 2020 .
MYEG from 10 sen up to RM2.90,
DSONIC from 13 sen up to RM2.40
Now Pakatan Harapan . Mahathir prime minister run programme Malaysia's new development blueprint of Shared Prosperity (WKB 2030) ,budget 2020 malaysia 21.6 billions National Connectivity Plan (NPCP) 2019-2023 ......NETX , OPCOM...
2019-10-18 13:03
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Ride The Bull Short The Bear
CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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MALAYSIA’S SHARED PROSPERITY VISION 2030 (SPV 2030) IN LINE WITH THE 2030 AGENDA FOR SUSTAINABLE DEVELOPMENT (SDG 2030)
The launching of Malaysia's new development blueprint of Shared Prosperity Vision 2030 (SPV 2030) by YAB Prime Minister which aims to develop a fair and equitable distribution of economic development at all levels by 2030, reflected the commitment by Malaysia in implementing the 2030 Agenda for Sustainable Development (SDG 2030).
Indeed, the principles of SDG 2030 had already been implemented under the Eleventh Malaysia Plan (2016-2020) – which depicted the Malaysian people as the centrepiece of all development efforts in ensuring that no section of society is left behind in achieving sustainable development.
Thus SDG 2030 will continue to be embedded into this Malaysia’s latest long-term plan of the SPV 2030, which will be operationalised through the Twelfth Malaysia Plan (2021-2025), and the Thirteenth Malaysia Plan (2026-2030).
The launching of this SPV 2030 therefore reaffirms Malaysia’s continued commitment in implementing SDG 2030 in tandem with the next chapter of development towards becoming a competitive and inclusive high income nation, emphasising a people centric approach as one of the most vital elements towards pursuing sustainable economic growth.
PUTRAJAYA
6 October 2019
2019-10-18 13:02