This year bullish and bearish sectors have changed so much.

Change in bullish sectors
O&G, rubber, construction, bank -> consumer -> technology

That's why keeping the same stocks for 8 months did not contribute to increasing your return a lot.

I think tech stocks will be bullish in the rest of 2018 despite of trade war concerns.
Depreciation of ringgit is good for tech stocks.

Today end of month profit taking

HONG KONG (Aug 30): The high-speed rail link between Kuala Lumpur and Singapore would be deferred for 2 years rather than canceled, South China Morning Post reports, citing unidentified people close to Malaysian Prime Minister Mahathir Mohamad.

http://www.theedgemarkets.com/article/kuala-lumpursingapore-high-speed-rail-be-deferred-2-years-scmpment fee if it terminates the deal with Singapore: report

HONG KONG (Aug 30): The high-speed rail link between Kuala Lumpur and Singapore would be deferred for 2 years rather than canceled, South China Morning Post reports, citing unidentified people close to Malaysian Prime Minister Mahathir Mohamad.

* Malaysian Economic Affairs Minister Azmin Ali will be in Singapore Thursday and Friday for final talks before signing agreement on deferring the project: report

* Malaysia faces a “hefty” reimbursement fee if it terminates the deal with Singapore: report
http://www.theedgemarkets.com/article/kuala-lumpursingapore-high-speed-rail-be-deferred-2-years-scmp

Azmin sees ‘imminent win-win resolution’ on HSR after meeting with Singapore Ministers

Azmin sees ‘imminent win-win resolution’ on HSR after meeting with Singapore Ministers http://www.theedgemarkets.com/article/azmin-sees-imminent-winwin-resolution-hsr-after-meeting-singapore-ministers


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Azmin sees ‘imminent win-win resolution’ on HSR after meeting with Singapore Ministers http://www.theedgemarkets.com/article/azmin-sees-imminent-winwin-resolution-hsr-after-meeting-singapore-ministers (Share from StockHunter)

The stronger quarterly earnings was mainly due to its improved manufacturing segment, in which it recorded higher orders from electronic customers, an expanded customer base and improved production efficiency and better product margin at its precision components and semiconductor equipment business.

Stock With Momentum: Kobay Technology | http://www.klsescreener.com/v2/news/view/424738

Singapore-Malaysia to announce joint decisions on RTS, HSR soon http://www.klsescreener.com/v2/news/view/424826

Singapore-Malaysia to announce joint decisions on RTS, HSR soon | http://www.klsescreener.com/v2/news/view/424826

The Phlx semiconductor index was up 0.24% yesterday.

US corporate profits soared in second quarter, boosted by tax cuts and economic growth | http://www.klsescreener.com/v2/news/view/424566

CIMB Research lowers Supermax to hold after weaker earnings | http://www.klsescreener.com/v2/news/view/424568

https://auto.ndtv.com/news/toyota-to-invest-500-million-in-uber-for-self-driving-cars-1908102

https://www.businesstimes.com.sg/transport/tencent-backed-china-electric-car-maker-nio-seeks-us13b-in-us-ipo

Boom! US economy logs best performance in nearly 4 years
https://www.cnbc.com/2018/08/29/second-estimate-of-q2-2018-gdp.html

Quarter Result on 30-Jun-2018[#4] QoQ - -70.51% YoY - 17.93%.

Quarterly revenue, however, grew 11.7% to RM324.7 million, from RM290.76 million a year ago, on higher selling price from the strengthening of local steel price.

George Kent up 5.79% today.

George Kentwas up 5.79% today.

29/08/2018 INARI 2.30 2.25 -0.05 (2.17%) HOLD MIDF
29/08/2018 INARI 2.30 2.07 -0.23 (10.00%) HOLD HLG

The stock price has already dropped from 1.40 to 0.68.

MMSV needs to focus more on the automotive sector.

MMS Ventures Bhd expects the sales of its test equipment to the auto sector to contribute about 15% this year, up from 5% in 2017.

Group managing director TK Sia said sales of automotive test equipment has so far played an important role in offsetting the slower demand from the smart device sector for the group’s test-equipment.

“The sales to the smart device has dropped so this year because our customers are not changing much of the flash lighting features of the smart phones planned for release this year.

“In the automotive sector, however, we can see a lot changes in the exterior and interior LED lighting system of newly release automobiles. Manufacturers are investing into the LED lighting because rear and front lights design are essential in enhancing the aesthetics.

Read more at https://www.thestar.com.my/business/business-news/2018/08/27/mms-ventures-expects-higher-sales-of-automotive-test-equipment/#OvhGv3GVdm2DuWzL.99

Next Dufu. the stock price has more room to go up!

KWAP started buying Kesm again. Good sign

29-Aug-2018 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 10,300 shares on 28-Aug-2018.

Like Ann Joo the stock price is likely to be flat tomorrow.
After the previous QR announcement on 25-May-2018, the stock price dropped a lot despite of the NP's being up 46.28% QoQ, so the bad QR has been already priced in.

Ann Joo Resources - Uncertain Times Ahead
https://klse.i3investor.com/servlets/ptres/46841.jsp

TP 2.35

www.nst.com.my/node/405724/amp

The Prime Minister Tun Dr Mahathir Mohamad said the government will consider the cheaper alternatives for the East Coast Rail Link (ECRL) project. File pic by FARIZUL HAFIZ AWANG
https://www.nst.com.my/news/government-public-policy/2018/08/405724/govt-received-offers-build-ecrl-rm10bil-dr-m

Gov't received offers to build ECRL for RM10bil: Dr M
The Prime Minister Tun Dr Mahathir Mohamad said the government will consider the cheaper alternatives for the East Coast Rail Link (ECRL) project. File pic by FARIZUL HAFIZ AWANG
https://www.nst.com.my/news/government-public-policy/2018/08/405724/govt-received-offers-build-ecrl-rm10bil-dr-m

Gov't received offers to build ECRL for RM10bil: Dr M
https://www.nst.com.my/news/government-public-policy/2018/08/405724/govt-received-offers-build-ecrl-rm10bil-dr-m

敦马：企业献议100亿建ECRL
http://www.klsescreener.com/v2/news/view/423536

Toyota to invest US$500mil in Uber for self-driving cars | http://www.klsescreener.com/v2/news/view/423304

敦马：企业献议100亿建ECRL | http://www.klsescreener.com/v2/news/view/423536

敦马：企业献议100亿建ECRL | http://www.klsescreener.com/v2/news/view/423536

World stocks hit 6-month high as NAFTA deal eases trade war fears | http://www.klsescreener.com/v2/news/view/423618

After the previous QR announcement on 25-May-2018, the stock price dropped a lot despite of the NP's being up 10.67% QoQ, so the bad QR published today has been already priced in.

I has dropped from 3.89 to 1.97. The bad QR has been priced in.
Just keep it for some time. It will rebound.sometime.

Bright prospects foreseen for MPI’s automotive exposure | http://www.klsescreener.com/v2/news/view/422818

Korea Steel Sector: Increase Positions In Steel Shares
https://seekingalpha.com/article/4201814-korea-steel-sector-increase-positions-steel-shares
Summary
Steel shares outperformed KOSPI during winter production cut period.

Chinese steel demand firm on 2H infrastructure investments.

Higher ASP to fuel earnings momentum domestically.

Major issues and conclusions
We recommend overweighting steel given Chinese production cuts in winter and re-stocking demand around the Lunar New Year holiday. Chinese steel production did not fall in the previous winter season as a whole because of robust demand and earnings; however, they still fell in November and December. In both 2016 and 2017, steel shares far outperformed the KOSPI during the earlier stages of Chinese output cuts. Strengthening 3Q18 earnings momentum amid ASP hikes also bode well for shares. Rising rebar dealer prices and plate ASP hikes are worth noting, which are driven by the closing gap between imported and domestic steel prices. Our top picks are POSCO (NYSE:PKX), Hyundai Steel (earnings to grow from 3Q), and Dongkuk Steel.

Steel shares outperformed KOSPI during winter production cut period

We believe it is now time to increase positions in steel shares for the following reasons: First, we expect sentiment over steel stocks to peak going forward given Chinese production cuts expected in winter and re- stocking demand around the Lunar New Year holiday. When production fell in the 2016-2017 winter seasons, the steel sector index far outperformed the KOSPI and we expect to see a repeat in 2018. From Nov 15, 2016 to Jan 19, 2017 (when the production cut was most severe), the sector index advanced 10% while the KOSPI gained 5%. Similarly, from Nov 15, 2017 to Jan 12, 2018, the sector index climbed 16%, far outperforming the KOSPI which dipped 0.8%. We note that at the beginning of the production reduction period, production cuts were most severe (negative growth in Nov-Dec, 2017) and stock momentum was the strongest (in the previous two winter seasons, shares peaked in mid-Jan). Accordingly, we recommend adding to positions before production cuts begin. This year, Chinese steel production cuts are expected to last from Oct 1 until Mar 31 next year, longer than the previous year when reductions sustained from Nov 15, 2017 to Mar 15, 2018.

Korea Steel Sector: Increase Positions In Steel Shares

Summary
Steel shares outperformed KOSPI during winter production cut period.

Chinese steel demand firm on 2H infrastructure investments.

Higher ASP to fuel earnings momentum domestically.

Major issues and conclusions
We recommend overweighting steel given Chinese production cuts in winter and re-stocking demand around the Lunar New Year holiday. Chinese steel production did not fall in the previous winter season as a whole because of robust demand and earnings; however, they still fell in November and December. In both 2016 and 2017, steel shares far outperformed the KOSPI during the earlier stages of Chinese output cuts. Strengthening 3Q18 earnings momentum amid ASP hikes also bode well for shares. Rising rebar dealer prices and plate ASP hikes are worth noting, which are driven by the closing gap between imported and domestic steel prices. Our top picks are POSCO (NYSE:PKX), Hyundai Steel (earnings to grow from 3Q), and Dongkuk Steel.

Steel shares outperformed KOSPI during winter production cut period

We believe it is now time to increase positions in steel shares for the following reasons: First, we expect sentiment over steel stocks to peak going forward given Chinese production cuts expected in winter and re- stocking demand around the Lunar New Year holiday. When production fell in the 2016-2017 winter seasons, the steel sector index far outperformed the KOSPI and we expect to see a repeat in 2018. From Nov 15, 2016 to Jan 19, 2017 (when the production cut was most severe), the sector index advanced 10% while the KOSPI gained 5%. Similarly, from Nov 15, 2017 to Jan 12, 2018, the sector index climbed 16%, far outperforming the KOSPI which dipped 0.8%. We note that at the beginning of the production reduction period, production cuts were most severe (negative growth in Nov-Dec, 2017) and stock momentum was the strongest (in the previous two winter seasons, shares peaked in mid-Jan). Accordingly, we recommend adding to positions before production cuts begin. This year, Chinese steel production cuts are expected to last from Oct 1 until Mar 31 next year, longer than the previous year when reductions sustained from Nov 15, 2017 to Mar 15, 2018.
https://seekingalpha.com/article/4201814-korea-steel-sector-increase-positions-steel-shares

4 Toyota group members venture into forming self-driving tech and operations
https://www.techgenyz.com/2018/08/24/toyota-venture-into-forming-self-driving-tech/

Write a comment..Bursa Malaysia to trade higher next week http://m.thesundaily.my/node/573976

Bursa Malaysia to trade higher next week http://m.thesundaily.my/node/573976

汽车电子产品支撑．马太平洋净利向好 | http://www.klsescreener.com/v2/news/view/422602

Chip stocks are rallying, and one trader sees a bigger breakout
https://www.cnbc.com/2018/08/24/chip-stocks-are-rallying-and-one-trader-sees-a-bigger-breakout-ahead.html

The chip stocks have gone wild, having their best week in 5 months
4 Hours Ago
Semis soar. Looking for the next big chip breakout stock? CNBC's Melissa Lee and the Options Action traders, Mike Khouw, Tim Seymour and Dan Nathan.
https://www.cnbc.com/video/2018/08/24/chip-stocks-have-gone-wild-best-week-5-months.html