https://www.cnbc.com/2019/11/14/stocks-could-go-higher-but-may-take-breather-first-strategists-say.html

better buy on the cheap now before it's too late

https://www.bloomberg.com/news/articles/2019-11-14/citi-says-next-leg-in-bull-market-coming-as-outflows-turn-around?srnd=premium-asia

https://www.theedgemarkets.com/article/25month-extension-concession-pushes-pharmaniaga-97

less risk for MYEG now as chances for extension in May2020 renewal will most likely be like how Pharma was given

MYEG concession lapse will have risk like what happened to Pharmaniaga today....better stay away from MYEG until May 2020 renewal announcement

https://www.theedgemarkets.com/article/pharmaniaga-tumbles-minister-said-no-renewal-supply-contract-public-hospitals

no point buying now as upside is limited due to uncertainty in concessionaire renewal until May 2020. the stock will float aimlessly around Rm1 i reckon

https://www.thestar.com.my/business/business-news/2019/10/26/myeg-shares-take-a-hit-md-unperturbed

https://www.theedgemarkets.com/article/malaysia-cuts-foreign-workers-sparking-labour-shortage-fears

selldown probably due to negative news above

fierce selldown in MYEG due to lower foreign workers in future to use their system

https://www.theedgemarkets.com/article/only-15-foreign-workers-nations-work-force-2020

Insiders buying a lot recently at current undervalued price. 1.7m ....400K.....big accumulation by owners

Export and Import Growth Above Market Expectations
Focus Malaysia 10 Jun 2019 15:08

https://focusmalaysia.my/Snippets/export-and-import-growth-above-market-expectations

confluence of positives will drive this higher, oil up from Iran sanction and now more contracts:

https://www.theedgemarkets.com/article/velesto-bags-four-contracts-worth-us10468m-petronas-carigali

insiders buying like mad since 1 April. Dont be left behind when this runs up

https://snag.gy/PRAdBK.jpg

Stock price is forward looking indicator. Current quarter results more or less priced in.

Confirmed oil to remain bearish in 2019. AA will enjoy uptrend with lower oil and divided distribution soon

https://www.cnbc.com/2018/11/14/global-oil-market-faces-surplus-throughout-2019-as-demand-growth-slows.html

Oil trend down AA trend up time

Oil is showing little sign of recovery after New York futures plunged 7.1% in the biggest one-day drop in three years. The market is being hammered by swelling supplies and a worsening demand outlook. https://www.wbca.st/O3VEH2w

Oil dropped to a two-month low on a pledge by Saudi Arabia to meet any supply shortfall that materializes from Iranian sanctions. https://www.wbca.st/X24whJw

https://www.thestar.com.my/business/business-news/2018/09/14/oil-has-steepest-drop-in-a-month-as-economic-concerns-threaten-demand/

let's see if AA will react

Emerging Markets Rout Is a Buying Opportunity, GIC's Lim Says - Bloomberg

The rout in emerging markets presents a potential buying opportunity, according to the chief executive officer of Singapore’s sovereign wealth fund. https://www.bloomberg.com/news/articles/2018-09-06/tech-companies-need-relentless-customer-focus-gic-s-lim-says

While some emerging market countries are “experiencing difficulties” most of the factors are “idiosyncratic” rather than “systemic,” Lim said.

CIMB Warrant Digest 2-Aug-18:
The FBM KLCI is expected to trade range bound today within a tight band of between 1,790 – 1,800.
Stocks fell worldwide on Wednesday on persistent fears of an escalation of the trade war between
the United States and China although robust results from Apple Inc helped cap losses and the
Federal Reserve left U.S. interest rates untouched, according to Reuters.
The group CEO of AirAsia Group Bhd (AIRASIA) said he is confident the government will allow for the
set‐up of three low‐cost carrier terminals (LCCTs) in Kuala Lumpur, Penang and Kota Kinabalu. In
recent weeks, AIRASIA and Malaysia Airports Holdings Bhd had been arguing in the media after the
group CEO of AIRASIA mentioned that AIRASIA was being forced out of Terminal 2 of Kota Kinabalu
International Airport (KKIA) in Sabah three years ago. Yesterday, AIRASIA closed up 3 sen to RM
3.59. Of all the traded warrants on AIRASIA, AIRASIA‐C67 has the lowest implied volatility and
premium, with 271 days to expiry.

http://www.theedgemarkets.com/article/airasia-says-malaysia-indonesia-philippines-ops-flew-13-more-passengers-2q18

this new call warrant is attractive at RM3.00 strike and good expiry till 30.4.19....better leveraged return with this if you believe mother share wont sink below 3.00 for next 9 months

AIRASIAC67: CW AIRASIA GROUP BERHAD (CIMB)
https://klse.i3investor.com/servlets/stk/509967.jsp

https://brokingrfs.cimb.com/jHvTQ6z6FrQ-ril6XpJnMzoRNP3inxoJS6OoKIyYzKkUQXWMX-o3PUTnQoPjegshOuu95QmyatNzWg2.pdf

Expected special dividend (RM) 0.86
* Sale of aircraft to BBAM (and leaseback) 0.75
* Sale of 25% interest in AAE Travel 0.11

negative news...downtrend for a while

http://www.theedgemarkets.com/article/jaks-loses-lawsuit-against-star-media-court-orders-banks-release-rm50m-bank-guarantee

Malaysian rubber glove makers may benefit from US-China trade war
Read more at https://www.thestar.com.my/business/business-news/2018/07/12/malaysian-rubber-glove-makers-may-benefit-from-us-china-trade-war/#7D6OxWOHM2YzRWJ4.99

Malaysian airports see 9.7% spike in passenger traffic in June
http://www.theedgemarkets.com/article/malaysian-airports-see-97-spike-passenger-traffic-june-0

running up due to generous upcoming ex-dividend date 27 Jun.

see the order book
https://pasteboard.co/HnHsz1f.jpg

http://ir.chartnexus.com/econpile/presentations.php

read the Invest Malaysia 2018 dated 23-24 Jan 2018.
dont see any impact on its order book for next 3 years coming from cancelled infra projects like MRT 3, HSR, ECRL

one less risk factor reduced for Hevea

http://www.theedgemarkets.com/article/dollar-hits-2mth-high-vs-yen-heightened-fed-hike-expectations

this year USD will stay strong due to FED hike expectation which is a boon for Malaysia exporters like Hevea

http://www.theedgemarkets.com/article/wall-st-drops-cpi-data-boosts-dec-rate-hike-odds

more FED rate hike means stronger USD means better for Hevea FX

RSI = 10...time to buy for rebound. Grossly oversold.

https://ufile.io/7wo8j
Hong Leong Investment Research on HEVEA dd 20July. Positives already priced in from yesterday spike.

Focus Malaysia - HeveaBoard enters into mushroom venture
https://ufile.io/wn1m3

KUALA LUMPUR: The government’s ban on the export of rubberwood effective this month would help to lift a cap on local furniture makers’ earnings growth. This is simply because with more supply of rubberwood moving forward, manufacturers would be able to meet their orders faster.

Furniture makers have been facing longer lead time, no thanks to rubberwood and foreign labour shortages. Analysts expect the export ban would at least ease one problem that the furniture industry is currently suffering.

For that, KAF Investment Funds Bhd chief investment officer Gan Kong Yik sees more upside potential in furniture stocks as he believes their current share prices have yet to factor in the latest news.

According to him, market sentiment has turned cautious amid pressure on the US market. “It would take some time for the furniture counters to digest this news,” said Gan. “I think furniture players like Poh Huat [Resources Holdings Bhd] and HeveaBoard [Bhd] should benefit from the policy; [their] valuation is cheap and [they] pay good dividends,” he said.

Poh Huat closed unchanged at RM1.95 last Friday, with a market capitalisation of RM418.73 million. The stock has gained 9.55% year-to-date (YTD) from RM1.78 at the start of the year. Meanwhile, HeveaBoard closed three sen or 2.17% higher at RM1.41 last week, bringing a market capitalisation of RM759.8 million. YTD, HeveaBoard’s share price has declined by 6% from RM1.50 on Jan 3 this year.

Gan said the ban helps the industry to address the raw material supply shortage and ease the cost pressure on rubberwood procurement.

Hong Leong Investment Bank Bhd research head Sia Ket Ee views that earnings prospects of wood-based manufacturing players remain bright in the second half of the year, underpinned mainly by continued weakness in the ringgit and lower raw material costs.

“All in all, we opine that the latest development is positive for wood-based manufacturers in Malaysia, as the ban on rubberwood will alleviate [the] supply shortage of rubberwood in the country, hence easing the raw material cost pressure,” he wrote in his latest research note.

A bulk of the furniture makers’ earnings are denominated in US dollars and the new export ban of rubberwood will now increase domestic supply.

Apart from Evergreen Fibreboard Bhd, Sia is also upbeat about Homeritz Corp Bhd as the company is in expansion mode which would possibly mean stronger future earnings growth.

“We believe that [the expected] sustained US dollar strength will provide a favourable environment for Homeritz to mitigate rising costs of doing business,” he said.

Sia has a target price of RM1.05 for Evergreen and RM1.18 for Homeritz. He asserted a “buy” call for both counters.

Last Friday, Evergreen closed unchanged at 84 sen, valuing it at RM710.67 million, while Homeritz settled 1.5 sen or 1.64% higher at 93 sen, giving it a market capitalisation of RM277.51 million.

Minister in the Prime Minister’s Department Datuk Seri Dr Wee Ka Siong last week announced that the government had decided to ban rubberwood exports effective Saturday to ensure an adequate supply of the raw material for the local furniture industry.

Wee was quoted by the media as saying that Malaysia’s rubberwood exports were estimated to be worth up to RM300 million a year compared with the furniture exports of RM9.5 billion annually, hence the ban is important to ensure priority be given to the local furniture industry.

TA Securities senior research analyst Ooi Beng Hooi concurred, and explained that there were few main difficulties faced by wood-based furniture makers in sourcing rubber logs in the first quarter of 2017, compared to a year ago.

“Firstly, the abnormal weather at end-2016 to [the] first quarter of 2017 deterred the progress of lumbering rubber logs, which in turn affected supply; secondly, rubber prices were higher at end-2016, so estate owners generally saw little incentive to lumber rubber trees and preferred to continue their tapping activities,” he said.

Other than HeveaBoard, Ooi said counters like Jaycorp Bhd, Lii Hen Industries Bhd, Latitude Tree Holdings Bhd and Evergreen are counters that would potentially benefit from the new policy.

Another analyst, who declined to be named, mentioned that the cut in the government grant for replanting rubber trees also affected the supply earlier this year.

“We understand that there was a cut in government grant. Naturally, this would also be part of the reason for [the] supply shortage,” he explained.

In the first parliamentary meeting in March this year, Plantation Industries and Commodities Minister Datuk Mah Siew Keong told opposition lawmaker Datuk Ngeh Koo Ham (DAP-Beruas) that the government’s replanting grant for rubber and oil palm smallholders will be reduced to RM540 million or RM108 million a year under the 11th Malaysia Plan (2016 to 2020).

Under the 10th Malaysia Plan (2011 to 2015), the grants allocated RM1 billion in total or an average of RM200 m

Tailwind to lift furniture makers’ earnings

http://www.theedgemarkets.com/article/tailwind-lift-furniture-makers-earnings

Wood-based Manufacturing - Favourable Move for Furniture Players
https://klse.i3investor.com/blogs/hleresearch/126460.jsp

wish some analysts would cover Hevea and polished up this hidden gem

US dollar hits three-week high on Fed rate hike bets
http://www.theedgemarkets.com/article/us-dollar-hits-threeweek-high-fed-rate-hike-bets

9 days RSI = 11.11..........way oversold...technical rebound on the way

Ezra, you can find more about PB v ROE in this link http://www.investopedia.com/ask/answers/010915/does-high-price-book-ratio-correspond-high-roe.asp

stockraider.....you must an agent of the stockists....dont talk rubbish here

9 days RSI = 10.....over sold a lot....there will be a technical bounce very soon...hold on to your pants for the upride

http://www.thestar.com.my/business/business-news/2017/01/02/strong-us-dollar-cushions-furniture-labour-issues/

sounds like industry is positively bullish this year