Up again today

Leaving for new york tonight for 1 week. Hope Suma huat huat next week. Cheers to all sifus here. Capt Uncle Looiks thanks for your tips!

Roger that! Saya tunguuuu juga

SJ, this counter still good?

Definitely not.for a beginner like me capt. Will consider makan at Victoria station today for lunch lah lagi senang hehe

Slowly but surely

Good morning capt looiks! Can cari makan today for 32?

Eric your sanichi and glotec betul ka? Sumatec saya tungguuu satu tahun

Uncle looiks... when is the best time to topup? 38c? Or after announcement

A lot of uncertainties

Interesting line!

A lot of people still are interested in this counter even arter the huge drop. Interesting. I nak pergi layan maya karin dulu.. Lagenda budak setan

Anyone know what's happening?

Haha kesian victor...sabar bro

Wah semua sudah turn merah

Another klci dive?

Capt Looiks.. are u ok?

Bocor awal today? Selalu tengahari. Hehe

Victor mesti ada saja haha cemerlang bro!

Bro strategist.. I salute u..Acca Master

AG. Hahaha

Thanks uncle Looiks

Capt Looiks... Already kenyang today for coach 32? any latest update. Winter starting early?

What happen today?

Hahaha

Anyone know when is the next AGM?

I wonder whats the announcement all about. Nothing to lose. I will wait for it.

Drama minggu ini already started

YK whats the best price to topup?

Noted with thanks Capt Looiks

Good stuff.. Will start monitoring next month onwards

Noted with thanks nomanland!

I will keep for now cause wont be needing extra cash for the next 6 months. Will topup mother as i see big potential in future. Cheers guys!

Stand by. Stocks to see a 20% correction.

Russia and USA going into Cold War 2. Oil to shoot to USD150 per barrel on Iraq battle. Federal Reserve to raise interest rates, first ever since 2006 and investors will now live without cheap money.

Dr Nazri Khan

Holding tight! Can up before year end?

Who are the candidates that can buy TSHS 32%? Interesting.. Saya pun tungguulah

Im thinking... Im thinking.

Roger that Ambz! Thank you!

Should i hold or sell my WA and WB. Loosing a lot now if sell

Thanks Ring for the update!

Klci not good

http://www.thestar.com.my/Business/Business-News/2014/09/13/Booming-OG-sector-Despite-slow-global-demand-and-softening-oil-prices-the-next-wave-of-Petronas-big/

Thanks

Whats the best price to enter?

Klci not that strong for now. Hopelfully will get stronger this last quarter

Moga Tan sri panjang umur dan murah rezeki

Welcome back chief DH!

Trading on Euro and British Sterling was volatile (down 2.7% & 4% w-o-w), as traders awaited the next polls on whether Scotland will vote to leave the UK and ahead of EU meeting to discuss tightening sanctions on Russia in response to the crisis in Ukraine. A recently strong USA dollar, concerns about softer resource demand from China, alongside ample supply of many raw material products, have put pressure on commodity prices in recent weeks, which in turn hurt the shares of local oil and gas as well as plantation groups. Asian market is also influenced by China's Shanghai Composite fell to a new two week low following comments from the Chinese Premier that seemed to tamp down prospects for easier credit conditions despite having a benign consumer price inflation. On the technical front, FBMKLCI tried to stabilize its August downside breakout below 1880 support level. A push above 1870 is a supportive factor although it is unlikely, given the low volume and the weak momentum indicators, but might require a fresh positive catalyst to avoid a larger profit-taking selloff. We see slight deterioration in the Bursa volume breadth, with average daily volume decreased to 2 billion shares worth RM1.9 billion as compared to previous week of 2.1 billion shares worth RM2 billion. The near term trend for the FBMKLCI has turned in favour of the bear camp with a break below 1880 support. A source of support comes as investors still see value in small-cap shares in the FBMSmallCap and FBMAce with small size stocks like Teckseng, Sinotop, Efficen, FrontKN, KTB and Pasukhas dominating the active stocks. It probably takes a drive back above 1880 to shift the bias in favour of the bull camp. So far, Bursa is seeing more downside volatility following last week bearish outside day reversal. The current weakness in the shares of Finance and Trading Service may leave the broad benchmark vulnerable to more profit-taking selling pressure ahead. The local index FBMKLCI registered a downside breakout below a three-week triangle congestion zone, which is a negative. The bears gain further confirmation with more downside follow through in last week session away from 1880 resistance level. Daily stochastics turning lower from overbought levels is bearish and will tend to reinforce a downside break especially if near term support is penetrated. FBMKLCI close below the 20-day and 50-day moving average is a negative short-term indicator for trend. The next downside support is now at 1850 while the next area of resistance is around 1880. Based on historical precedent, Malaysian equities are expected to outperform the strongest on the last quarter of the year especially on a relative basis during a volatile time (eg in Sep-Dec 2011 KLCI up +0.8% when MSCI Asia ex-Japan down by -19.2%). Fundamentally speaking, the FBMKLCI is now priced at 16.1 times forward earnings and has a dividend yield of 3.14 per cent, well below the MGS 10-year yield of 4.1 per cent. If we stacked the various local themes, resilient Q3 corporate earnings against ample local liquidity, high dividend yield, low interest rate and defensive stock market, the local stocks should be attractive on temporary weakness during a sideways consolidation. Given the soft fundamentals and technicals, we advise traders to trade cautiously, while the longer term conservative investors might want to raise some cash by selling on strength as opportunity to accumulate at lower level might may prevail in the last three months of the year. As for trading strategy, we are recommending aggressive traders to accumulate high-momentum-stocks which should continue to rebound despite broad market doldrums. These include the likes of Bursa, HLFG, Mahsing, HLIndustry, Matrix, Sentoria, Westports, KTB, Yinson, BJAuto, Fitters, KSL, GHLSys, Timecom, Boilerm, Amprop, Pasukhas and Willow.

Dr Nazri Khan

First Vice President/Head of Retail Strategy, Affin Investment Bank

@ President, Malaysian Association of Technical Analyst

RISK APPETITE DENTED BY POLICY DIVERGENCE, IRAQ STRIKES, UKRAINE WORRIES & COMMODITY BREAKDOWN, GLOBAL SOFTNESS TO DRAG BURSA LOWER

Going forward, we expect local market to correct further driven by airstrikes on Syria, Scotland-England potential secession, Ukraine tension, China growth worries and monetary policy divergence by the world’s most significant central banks (Fed, ECB and BoJ). We expect global stocks to consolidate, while US Treasuries to fall, as investors fret that USA interest rates may rise at a faster pace than previously expected (although European Central Bank and Bank of Japan opt for more dovish stimulus). There appears a shift in sentiment regarding the Federal Reserve, with ideas that the latest cycle of improving US economic data could inspire a more hawkish tone and perhaps a sooner than expected hike in US interest rates. We can see bourses in Europe and Asia sagged (FTSE Euro First and FTSE Asia Pacific down 1.2% and 1.5% w-o-w), as worries over the health of China’s economy and monetary policy weighed ahead of the Federal Reserve’s September policy meeting. While Wall Street stabilised after dropping to a two-week-low, having retreated from its record close (Dow Jones S&P500 dipped from 17161 / 2008 levels respectively) on 4th Sep 2014. Meanwhile, it is clear that defensive market including Bursa Malaysia did not derive any haven support even as reports suggested Barack Obama would use a national address to authorise air strikes on Syria. With little data on the USA and Malaysia economic calendar this week, investors may subscribe on to a report by the San Francisco Federal Reserve that said the market was too complacent about the possible speed of USA interest rate rises. The Fed is expected to start lifting rates from record lows by around the middle of next year and investors are attuned to any hint of a more hawkish policy statement of central bank meeting expected on the 19th September 2014. We note that the dollar has firmed lately, with weakness in major currencies to pressure Ringgit (down 0.95% w-o-w) and commodity prices (both oil and gold down 2.1% & 2.6% to three month low w-o-w respectively).

Have a good weekend uncle capt Looiks!