Posted by SANG-JERO > 2013-10-26 21:15 | Report Abuse

Shares on Bursa Malaysia are expected to trend higher next week with the FTSE Bursa Malaysia KLCI (FBM KLCI) possibly hitting a new record high beyond the 1,826.22 level on the fiscally prudent
Budget 2014, rising foreign inflows and significantly improved global sentiment.

Affin Investment Bank vice president and head of retail research Dr Nazri Khan said the delivery of Budget 2014 and fiscal structural reforms are likely to boost sentiment and spur more foreign buying ahead.

"This is primarily due to the tough unpopular measures like implementation of Goods and Services Tax by April 2015, set to improve the nation's fiscal credibility and avoid the sovereign credit rating downgrades.

"Through lowering of the corporate tax, we expect the Budget 2014 will attract more investors, spur stronger private sector participation while addressing the deficit by boosting revenue, lowering operating costs and development expenditures," he told Bernama.

Nazri said in the first two weeks of October, foreign buying of
Malaysian-listed equities already jumped to a net buying of RM490 million compared with net buying of only RM82.5 million in the last two weeks of September.

"Sector-wise, Budget 2014 brings cheer to the equity market through incentives for private investment and more targeted allocation for oil and gas exploration, utilities, construction and export competitiveness," he added.

On the international front, Nazri said expectations that the Federal Reserve would maintain its quantitative easing programme into first quarter 2014 will continue to underpin bullish investor sentiment.

"This is supported by the eurozone's resilient performance which was the hottest market bed last week.

"Given the rise in eurozone's Gross Domestic Product, the European Central Bank's continued backstop, the rising euro currency and Spain emerging from a two-year recession, we expect more momentum to favour more trading partners which includes Malaysia," he added.

During the week just ended, shares continued to gain starting Monday and registered a two-day all-time high on Wednesday (1,814.11) and Thursday (1,818.93).

However, on Friday the local bourse declined after its seven-day rally on concerns over the Budget 2014 announcement.

On a Friday-to-Friday basis, the FBM KLCI rose 17.98 points to 1,817.57, the Finance Index surged 45.74 points to 16,854.8, the Plantation Index advanced 112.01 points to 8,541.76 and the Industrial Index improved 32.99 points to 3,127.91.

The FBM Emas Index jumped 105.25 points to 12,636.42, the FBMT100 Index went up 101.66 points to 12,363.67, the FBM 70 Index was 32.92 points higher at 14,368.85 and the FBM ACE Index rose 16.88 points to 5,546.37.

Weekly total turnover rose to 8.599 billion shares worth RM8.409 billion from last week's 6.172 billion shares valued at RM6.707 billion.

Main market volume added to 6.567 billion units valued at RM8.028 billion from 4.822 billion units worth RM6.406 billion previously.

Warrants turnover increased to 182.172 million shares worth RM20.543 million from last Friday's 99.263 million units worth RM10.603 million.

The ACE market volume improved to 1.832 billion shares valued at RM353.765 million from 1.199 billion shares valued at RM279.502 million previously.

Posted by Lasallian > 2013-10-26 22:55 | Report Abuse

Just hope for the best!!

Posted by Go4Share > 2013-10-27 00:51 | Report Abuse

U're right Kobar. Lihat apa dah jadi dengan Gas Malaysia dan IHH...banyak orang kata overprice. Bila depa dah accumulate cukup dan result syarikat cantik, harga terus naik. Banyak kata Gas Malaysia dividend yield stock, harga susah naik...hanya boleh harap dividend saja. Hasilnya, pulangan Gas Malaysia (dalam 90%, iaitu dari RM2200 ke RM4170)...lebih baik daripada IHH (growth stock: RM2800 ke RM4170). Westport pun yield stock!

Posted by kobar > 2013-10-27 09:08 | Report Abuse

Tq go4share on your support. I will stay in westport. Sudah kene tinggal sama kapal ihh n gas malaysia. X mau kene tinggal lg westport punya kapal. Hehe

Posted by bachok alwee > 2013-10-27 10:13 | Report Abuse

Research dah beri info positive, semuga sok green dan Jumaat lagi green dan pemilik saham UMW O&G tersenyum lebar. Amin....

Posted by kobar > 2013-10-27 11:40 | Report Abuse

Jumaat ini green pekat mcm pas punya bendera umw ong. Hehe

Posted by MSGOLDS > 2013-10-27 14:43 | Report Abuse

WPRTS dh keluar berita inestor luar yg disposed 25/7 - mcm sufi74 bg tau kot....

Posted by kobar > 2013-10-27 17:00 | Report Abuse

Tu disposed for ipo. Bukan disposed dlm market

Posted by Sheridan Sulik Suleiman > 2013-10-27 18:48 | Report Abuse

i Agree with Go4share...GasMsia has proved 90% appreciation in 1year..only one gas utility to customer... Will be like TNB

Posted by bachok alwee > 2013-10-27 21:08 | Report Abuse

Sheridan Sulik Suleiman, u asal dr Benut ge?

Posted by kobar > 2013-10-27 21:28 | Report Abuse

Benut pontian ke?

Posted by bachok alwee > 2013-10-27 21:33 | Report Abuse

Kobar saya asal Benut sekarang menetapdi Pontian

Posted by kobar > 2013-10-27 21:44 | Report Abuse

Ooo. Sy dulu duk utm skudai 5 tahun

Posted by SANG-JERO > 2013-10-27 23:13 | Report Abuse

If I read the Technical indicators correctly, West Port shares is already cornered......Hopefully, The price will move up all the way soon....cheers...

Posted by Go4Share > 2013-10-28 02:31 | Report Abuse

bachok alwee, Sheridan Sulik Suleiman & kobar...tak kisahlah dari Benut, Pontian, Skudai, Kangkar Pulai, Pekan Nanas dll, yang penting kita sama-sama kongsi maklumat dan leh buat duit daripada saham. Ada duit lebih, pegang lama sikit UMW Drilling dan Westport, berpeluang naik macam Gas Malaysia dan IHH. PNB, TH, KWAP pasti tidak sanggup lihat saham Westport tu rendah...mereka nak laporan akhir tahun Kaw Kaw. Ada sesiapa boleh share info pasal Hubline?...saja nak cari duit poket utk Deepavali. HeHeHe.

Posted by Sheridan Sulik Suleiman > 2013-10-28 08:45 | Report Abuse

InsyaAllah for WPRTS.. sy bukan org Johor

Posted by mbge7clt > 2013-10-28 09:15 | Report Abuse

merah dah..

Posted by fifijalal > 2013-10-28 09:17 | Report Abuse

one more day of forceselling... after this we will be in the clear... kemonnn

Posted by metroview > 2013-10-28 09:46 | Report Abuse

today break 2.50??

Posted by mbge7clt > 2013-10-28 09:53 | Report Abuse

red red ... hai..

Posted by angkor > 2013-10-28 09:54 | Report Abuse

Hard to touch 2.50... come on!

Posted by SANG-JERO > 2013-10-28 09:55 | Report Abuse

Rueben meeting cornerstone investors today....let see what happen...

Posted by fifijalal > 2013-10-28 09:57 | Report Abuse

Mr. SANG-JERO, where do u guys get all this information? r u working with westport?

Posted by SANG-JERO > 2013-10-28 09:59 | Report Abuse

Sorry bro, I can't reveal but I am not making up stories....its true...

Posted by Jelita Intrend > 2013-10-28 10:00 | Report Abuse

Mr sang-Jero is rueben! hehe

Posted by SANG-JERO > 2013-10-28 10:01 | Report Abuse

I am independent but have good networking...

Posted by fifijalal > 2013-10-28 10:06 | Report Abuse

ok fair enough. thanx for the info tho.

Posted by mbge7clt > 2013-10-28 10:07 | Report Abuse

Excellent. Pls keep us informed...

Posted by andychucky28 > 2013-10-28 10:10 | Report Abuse

It will go down lar brother.

Posted by poksue > 2013-10-28 10:33 | Report Abuse

after touch 2.50 price up to 3.10 stdby for Q... :) kool bebb..

Posted by bathgel > 2013-10-28 10:37 | Report Abuse

TP 2.30

Posted by MSGOLDS > 2013-10-28 12:00 | Report Abuse

bro SANG-JERO result meeting cornerstone investors belum ada kah?...

Posted by mbge7clt > 2013-10-28 12:01 | Report Abuse

tension ..

Posted by wanahmad > 2013-10-28 12:16 | Report Abuse

Jangan tension bro, nak success main saham kena ikut petua saufi74. Cool lah brother.

Posted by SANG-JERO > 2013-10-28 12:19 | Report Abuse

BUY signal blinking.....

Posted by JTFX > 2013-10-28 12:23 | Report Abuse

ganalingam buddy Dr M..no problemo...

Posted by fifijalal > 2013-10-28 12:24 | Report Abuse

sweet... positive feedback after the meeting i guess.

Posted by SANG-JERO > 2013-10-28 12:31 | Report Abuse

Cornerstone recharging???We will soon know.....Good luck to all....

Posted by SANG-JERO > 2013-10-28 12:37 | Report Abuse

Technical Indicators looks positive.....First half of trading close green....Hopefully it is a good sign.....

Posted by Lasallian > 2013-10-28 12:44 | Report Abuse

Relaks kawan-kawan sure greenlah today! Hopefully lah!

Posted by KIMI06 > 2013-10-28 13:09 | Report Abuse

i like green...hahaha

Posted by MSGOLDS > 2013-10-28 13:14 | Report Abuse

berdaya tahan atau tidak green ni sampai 2.66????

Posted by KowChye > 2013-10-28 13:22 | Report Abuse

Just watching and compares to the other 2 i.e. NCB & Biport, and patiently wait for the right moment to pick 1 of them, and goimg in.

Posted by mbge7clt > 2013-10-28 13:44 | Report Abuse

Yes Green Hijau !!

Posted by SANG-JERO > 2013-10-28 13:59 | Report Abuse

Potential 3.50....Timing and patience....Superb FA....

Posted by EVEL > 2013-10-28 14:10 | Report Abuse

tp 3.50 fr today ?

Posted by SANG-JERO > 2013-10-28 14:14 | Report Abuse

Technical indicators uptrend.......Timing...

Posted by MSGOLDS > 2013-10-28 14:42 | Report Abuse

3.50 today....hahaa very gud job.....

Posted by maradonut > 2013-10-28 14:43 | Report Abuse

Might go below IPO price. Throw

Posted by SANG-JERO > 2013-10-28 14:48 | Report Abuse

MS GOLD...TP 3.50....is not today but WestPort will get to that price...Must have holding power....