If history were to repeat itself, the FBM KLCI could breach the immediate resistance of 1855 points.....pre budget rally expected n if corporate tax reduced by 1% then shall be d best news for Bursa foreign funds may surge becoz they can higher dividend n foreign investment also will increase.
01/10/2014 15:21

If history were to repeat itself, the FBM KLCI could breach the immediate resistance of 1855 points for d pre budget rally n as expected if corporate tax reduced by 1% then shall be d best news for Bursa, foreign funds may surge becoz they can get higher dividend n foreign investment also will increase.HS may take this opportunity to push Suma n try for RI 40...ha ha a lot of imagination?
01/10/2014 15:21

If history were to repeat itself, the FBM KLCI could breach the immediate resistance of 1855 points.....pre budget rally expected n if corporate tax reduced by 1% then shall be d best news for Bursa foreign funds may surge becoz they can higher dividend n foreign investment also will increase.

#Budget Preview* Budget rallies often followed by quick profit taking
Wednesday, 01 October 2014 14:25
KUALA LUMPUR (Oct 1): Our study shows that the FBM KLCI tends to rise during the week before Budget announcements.

The FBM KLCI’s gain a week prior to the Budget was seen in 11 out of 13 years previously. The 11 years posted an average gain of 1.1%.

The exception to the trend in 2002 was due to the market’s downtrend while in 2003, there was the SARS outbreak.

Apart from new Budget policies to be announced, the market performance is also subject to economic developments in the US, Europe and China (interest rate and financial stimulus), geopolitical tension in Iraq and the recent Hong Kong protests.

Investors should bear in mind that the budget rally this year, if any, would have a chance of facing immediate profit taking as shown by historical trend in the past 13 years.

Budget “rallies” are often followed by quick profit taking. Looking at the FBM KLCI's performance in the past years, we notice that investors tend to cash out after the Budget announcement as shown in 7 out of the 11 years when there were pre-budget gains.

KUALA LUMPUR: Crude palm oil (CPO) futures closed higher yesterday, thanks to September’s strong export performance.

Phillip Futures derivative product specialist, David Ng, said India was aggressively purchasing palm oil and the current price was deemed attractive to restock ahead of key festivals like Deepavali.

October 2014 added RM27 to RM2,232 a tonne, and January 2015 increased RM23 to RM2,233 a tonne.

November 2014 and December 2014 decreased by RM32 and RM25 to RM2,227 a tonne and RM2,217 a tonne, respectively.

KUALA LUMPUR: Most economists predict that the government will accelerate the effective date of corporate tax reduction during the upcoming Budget 2015 tabling scheduled on October 10.

AllianceDBS research economist Manokaran Mottain said while the government has announced the 1.0 per cent reduction in corporate income taxes in Budget 2014 to take effect in 2016, he expects the government to bring forward the planned effective date to 2015.

SINGAPORE: Oil prices rebounded in Asia Wednesday following sharp falls the day before, with a decline in US consumer confidence and tepid data from China dampening buying sentiment.

US benchmark West Texas Intermediate (WTI) for November delivery rose 27 cents to US$91.43 a barrel in mid-morning trade and Brent crude advanced 30 cents to US$94.97.

Crude oil rose 32 cents to US$91.48 and Brent 36 cents to US$95.03

BEIJING (Sept 30): China cut mortgage rates and downpayment levels for some home buyers on Tuesday for the first time since the 2008 global financial crisis, making one of its biggest moves this year to boost an economy increasingly threatened by a sagging housing market.

LONDON (Sept 30): European shares rose on Tuesday, as another batch of weak euro zone inflation data raised the prospect of new stimulus measures from the European Central Bank (ECB) to boost the region's flagging economy.

NEW YORK (Sept 30): U.S. stock index futures pointed to modest gains at the open on Tuesday, indicating a rebound from the previous session's decline as investors once again used a pullback as a buying opportunity.

KUALA LUMPUR (Sept 30): Malaysian palm oil futures rose to their highest in one-and-a-half months on Tuesday and recorded their biggest monthly rise in more than five years, as strong export demand and gains in Chinese soyoil markets lifted sentiment.

LONDON (Sept 30): Brent oil steadied above $97 a barrel on Tuesday, supported by U.S. and Chinese economic data, but was still set for its deepest quarterly drop in more than two years because of strong supply and a surging dollar.

Brent crude has slumped since June, when it hit this year's high of $115.71. Strong supply, a strong dollar and lacklustre economic data drove prices to a 26-month trough last week.

Brent for November delivery was up 32 cents at $97.52 per barrel by 0958 GMT. It has lost more than 13 percent in the third quarter, its biggest quarterly drop since April-June 2012.

What i see uprise is going to continue n going to damage global economy becoz of their linkage in business worldwide so for win win situation democratic govt is d answer.Same group of ppl taking of each other,all Govt position is passed from father to son, we have read about French revolution.I see no end to this kind of problem unless they switch.India managing 1 billion ppl n their economy is getting stronger n stronger!

Suma would have gone higher if NO Hong Kong crisis...China shd become democratic country then no problem.

Rebound Fizzles Out For Malaysia’s Blue Chips

34 mins ago
KUALA LUMPUR: A desperate rebound on Bursa Malaysia fizzled out on Tuesday, quashing investors’ hopes of a sustained window dressing as funds sold heavyweights including CIMB reflecting the cautious outlook for equities.

At 5pm, the FBM KLCI was down 0.03 of a point to 1,846.31, off the intra-day’s high of 1,854.21. Turnover was 2.73 billion shares valued at RM2.53bil. There were 355 gainers, 455 losers and 333 stocks unchanged.

Key regional markets were mostly lower following the rising tension in Hong Kong where the Hang Seng Index fell to a three-month low on Tuesday, finishing on its biggest monthly fall since May 2012 as investors dumped shares amid the city's worst civil unrest in decades.

KUALA LUMPUR: The FBM KLCI bucked most of the key regional markets at midday on Tuesday underpinned by gains in banks and utility stocks as the third quarter draws to a close.

KUALA LUMPUR (Sept 30); The FBM KLCI reversed its earlier losses and trended upward at mid-morning on Tuesday, lifted by gains at select blue chips.

At 10am, the index added 1.08 points to 1,847.42.

Gainers led losers by 239 to 209, while 293 counters traded unchanged. Volume was 724.54 million shares valued at RM346.77 million.

The top gainers included United Plantations, BAT, Dutch Lady, Mega First Corp, Aeon Credit, UMW, Hong Leong Bank, Press Metal and Shell.

MUI Industries was teh most actively traded counter with 84.02 million shares done. The stock fell half a sen to 32 sen.

The other actives included Asia Bio, Berjaya Corp, Sumatec, PDZ, Takaso, DVM and Green Packet.

MIDF: Worst of foreign sell down may have passed

IBFMs' may take this opportunity to goreng this stock becoz once creditors cleared it will jump out from PN1...ready for RTO.

Earlier in d media i was reading that bull run is imminent towards end of this yr but looking at d present situation may not take place this yr but looks positive in Jan15 for this reasons: 1) oversupply of crude oil..2)strong dollar reducing demand for crude oil..3)abundant palm oil less demand so related stock price dropping..4)Global shares over sold..5)Weak china data.Whatever anybody can say, Bull Run is expected in Jan15.Opec meeting to reduce production in Jan15.Elnino effect shall be known in Jan reduction of palm oil fruits hence reduction in palm oil arising demand,price will shoot up.Global stocks oversold.Goodies in 2015 budget.US/Europeans back from school holidays n seasonal holidays n have to recover d spent money....I feel Jan 15 index may explode n cause bull run...n I also feel RI maybe shifted to Jan...the way I see d mkt scenario!!!!!!

Sharks collecting to make quick gains as "Pre-budget rally coming" so don't dump yr shares just hold on to your horses!

Victor Valdez....tks for d input Suma looks positive......

Now US dollar is strong so d demand for oil gets weaker I belief soon dollar is going to get weaker partly due to d war then demand will increase hence crude oil price may move...it is more of timing i think.

RAPID is a multi billion ringgit project obviously (i am not an expert) there is going to a lot of goodies for O&G n speculation itself d index will move up n catalyst for both palm oil n crude oil... I feel this way.

US purposely making d dollar strong to weaken oil demand but this temporary becoz US enjoy d benefits of other ppl misery but this dirty game shd over soon!

HS shd make use of 2015 budget to push price up, i feel foreign funds might come during d budget announcement there might be goodies for ETP encouraging foreign investors.RAPID is a huge O&G project what role can Suma involve in this project?

“We expect the FBM KLCI to stabilise its downside momentum and quietly grind higher, taking advantage of the Budget play and the bargains in the Malaysian blue chips after five straight weeks of correction,” he said.

Nazri, who is also president of the Malaysian Association of Technical Analysts, said that despite weaker near term trend, the longer term trend remains firmly bullish, with resistance coming in at the 1850 and 1860 levels.

KUALA LUMPUR (Sept 29): The FBM KLCI edged up in early trade in line with higher close at Wall Street last Friday, lifted by select blue chips.

At 9am, the FBM KLCI added 0.55 points to 1,841.05.

The top gainers included Press Metals, HLFG, RHB Capoital, Eco World, My E.G., Coastal Contracts, Seven Eleven Malaysia. Sasbadi and GHL Systems.

Regionally, the dollar hit a four-year peak against a basket of currencies in early Asian trade on Monday, bolstering Japanese shares, but other Asian shares shrugged off Friday's Wall Street rebound in the face of political unrest in Hong Kong, according to Reuters.

KUALA LUMPUR: The proposed acquisition of oil and gas (O&G) units OGPC Sdn Bhd and OGPC O&G Sdn Bhd is necessary for Dagang Nexchange Bhd — formerly Time Engineering Bhd — to diversify its revenue stream, said its newly appointed group managing director Zainal Abidin Abd Jalil.

Zainal said the proposed purchase of the units for RM203 million is of mutual benefit to both companies, as the OGPC group would also be able to leverage Dagang Nexchange’s (DNex) status as a public listed entity to gain access to the capital market.

Hong Kong violation causing jittery in Asian Stocks.

US fund managers positive on Malaysia’s prospect — Bursa
Posted on September 28, 2014, Sunday
KUALA LUMPUR: The US Tier-1 fund managers have expressed confidence with Malaysia’s commitment in achieving a balanced budget by 2020 and noted the growing depth in the country’s financial market.

They are made up of 14 fund managers, with combined assets under management totalled US$9 trillion (RM29.34 trillion), who met Malaysia’s top officials and capital market drivers at the Invest Malaysia–New York institutional investors dialogue in New York, Friday.

TOKYO (Sept 29): The dollar hit a four-year peak against a basket of currencies in early Asian trade on Monday, bolstering Japanese shares.

Just to remind early part of this year i remember reading in d media PM wants to see penny n mid cap stocks going into M&A to strengthen d companies so nothing is impossible. Banks went into merging n still merging going on to strengthen d banks to protect our Klci should foreign currency traders attack our country n same principle applies to any of d weak stocks!

Yes! typing error quick correction..

Obviously not a ailing company once they start pumping GAS plenty of $$$$$$$$$$$...think of long term.

Thanks for highlighting, we cannot make sweeping statements but at d sametime must be able to defend what we say.Lets argue on this issue for knowledge sake. I am making a general statement,if a particular company wants to change hands: example M&A or another company wants to buy of course it comes with premium beneftting all shareholders a "win win situation" wiht d approval of SC....is it not possible?...any expert please answer...tks.

I am trying to answer to those who made statements that HS wants sell all his shares so please ask that person first who started d ball rolling then I will answer?

Try to understand that palm oil stocks makes a good % of market capitalisation of our Klci not only Suma news can push price up but other internal n external news is vital for shares to move. When Suma hit 62 n dropped fast, what was d reason? All of us want Suma to move but we try to get as many info possible to build some confident in ourselves trying to understand d pros n cons, i am not sure of your capacity of understanding the market as a whole but trying to belittle ppl which is not right on your part, try cultivate some good habits in you...of course i meant no offence.

Absolutely makes no sense at all for HS to sell but as said earlier he will subscribe to RI to get d free warrants after that only he may sell off his shares n maitain only d warrants, reason not very clear but indirectly Govt is involved so can look forward to some positive developments!

Information i gather HS may be selling all his shares after RI n maintain only "Warrants" becoz end of d day it has a conversion value.Reason for him to let go his shares not clear it can change hands or M&A or Petronas may be interested not clear??????????

Iris in red now n worst have to take bank loan to pay for TRS contract d next Q is in March15, must show profit otherwise?

Dow Jones 17,113.15 +167.35 0.99%
Nasdaq 4,512.19 +45.45 1.02%

Like bank mergers don't anybody feel Suma may merge with Petronas..don't laugh, just my wild thinking??????????????

Talam on stronger footing

TALAM Transform Bhd has returned to the path of financial stability after a debt rationalisation exercise which includes asset divestment programme, debt conversion into financial instruments and settlement of debts through contra of properties with creditors.

http://www.thestar.com.my/Business/Business-News/2014/09/27/Talam-on-stronger-footing/

I feel next week Global mkt up up!!!!!!!!!!

First must call for tender n scrutinise may take 3 mths. A i know they r having large pipes n valves n others cannot compete n secondly d factory is in Banting nearer to Langat 2 n their price will be competitive.Awarding of contract earliest 3 mths i think?

Those who bot between 7-10 if RTO can go for 20. = 100+% profit...best investment in d world.

Look for Focus n Edge magazine as well!