Posted by Tessa Joseph > 2015-05-06 14:41 | Report Abuse

thanks rikki :)

Posted by newman > 2015-05-06 14:41 | Report Abuse

tessa look at EATECH

Posted by rikki > 2015-05-06 14:42 | Report Abuse

Global semicon sales up 6% y-o-y in 1Q2015 to US$83.1b

Global sales of semiconductors rose 6% year-on-year (y-o-y) in the first quarter of 2015 to US$83.1 billion, according to the US-based Semiconductor Industry Association (SIA).

In a statement on its website on May 4, the SIA said worldwide sales for the month of March 2015 were US$27.7 billion, 6.0% higher than the March 2014 total of US$26.1 billion and 0.1% lower than last month's total.

SIA president and chief executive officer John Neuffer said despite macroeconomic challenges, first quarter global semiconductor sales are higher than they were last year, which was a record year for semiconductor revenue.

"The Americas region posted its sixth straight month of double-digit, year-to-year growth to lead all regional markets, and DRAM and analog products continue to be key drivers of global sales growth," he said.

Meanwhile, MIDF Research maintained its "Positive" rating on the semiconductor sector and said March 2015 marked the 23rd consecutive month of y-o-y growth in semiconductor sales.

It said that sales from the Americas and Asia-Pacific regions have been the main drivers in 2015.
http://www.theedgemarkets.com/my/article/global-semicon-sales-6-y-o-y-1q2015-us831b

Posted by Tessa Joseph > 2015-05-06 14:42 | Report Abuse

ok, tp?

Posted by Mark T Bird > 2015-05-06 15:28 | Report Abuse

Rapid Synergy Bhd substantial shareholder and director Datuk Dr Yu Kuan Chon has trimmed his stake in the company via open and off-market share trades. Dr Yu had sold 241,000 shares or 0.3% stake yesterday (May 5). 60,000 shares sold at RM5.75 each on the open market. Another 181,000 units were sold off market at RM5.50 each.

Posted by rikki > 2015-05-06 15:28 | Report Abuse

Grand-Flo to quietly reap GST benefits

Grand-Flo is a clear beneficiary of GST, It's sales force automation (SFA) solution enables its clients to capture all the output tax at one go. This solution will come handy when businesses start filling their tax claims with the Custom Department.

Grand-Flo's SFA solution, dubbed ManageSales , will allow the speedy consolidation of the businesses' input tax, thus enabling them to submit their claims at the earliest possible date. It will also allow mobile workers, especially those in van sales operations, to perform route sales, direct store deliveries, market & distribution checks.

Consumer good companies, including those in confectionery and tobacco, are using Grand-flo solution to avoid GST claim hassle. Gardenia, Massimo, Mighty White & Fuji Bakery are among Grand-Flo clients.
- The Edge dated May 4, 2015

Posted by johnchong > 2015-05-06 16:11 | Report Abuse

Hi newman,
Happy and blessed birthday to you.
Am still in Bahrain, so can't buy you lunch hahaha

Tessa :):):)

Posted by newman > 2015-05-06 16:15 | Report Abuse

john chong thank you. got buy in eatech ar with tessa

Posted by johnchong > 2015-05-06 16:29 | Report Abuse

newman, didn't as currently I'm not active in the market. Thanks anyway

Posted by YS Babe > 2015-05-06 17:13 | Report Abuse

amboi eatech, sayang sekali aku tak beli, kalau beli dah makan kat hotel dah hehehehe

Posted by duitKWSPkita > 2015-05-06 17:17 | Report Abuse

whatever miss let it be... Jangan kejar. Peluang emas mungkin dah terlepas walaupun Harga Sasaran agak tinggi.

Posted by rikki > 2015-05-06 20:22 | Report Abuse

Oil & Gas: Let the Recovery Begins...

WTIC broke above USD60 yesterday. This signaled the beginning of the recovery for crude oil prices. 

I have appended below the 5 stocks that have been recommended as a BUY by both CIMB and Maybank. Out of these 5 stocks, my picks are listed below with their respective entry levels:

1) Perdana (RM1.30)
2) Armada (RM1.20)
3) Dialog (RM1.55)
4) SKPetro (RM2.70)

http://nexttrade.blogspot.com/

Posted by YS Babe > 2015-05-06 20:53 | Report Abuse

duit, harap harap nanti kita ada rezeki, baik punya

hehehe

aku nak tido dulu, selamat malam duit

KUTPAI semua

Posted by rikki > 2015-05-06 21:11 | Report Abuse

Oil prices hit fresh 2015 high on weaker dollar, Libya supply woes

Oil prices rose more than $1 to fresh 2015 highs on Wednesday, continuing a month-long rally that has been supported by a weaker dollar and a disruption to crude exports from Libya.

Oil bulls have pushed prices higher this week, after a rally of 20 percent for Brent and 25 percent for U.S. crude prices in April, despite indications that the Organization of the Petroleum Exporting Countries (OPEC) may keep production unchanged at current high levels at a meeting next month.

Brent crude jumped $1.45 to $68.97 a barrel by 8:35 a.m. EDT (1235 GMT), after earlier hitting a 2015 peak of $69.15. U.S. crude traded $1.39 higher at $61.79 a barrel, near an intraday top of $62.08.

"We haven't seen hedge funds and money managers to be as optimistic and bullish as they are currently. They are at their most bullish since July last year, when the oil market fundamentals haven't really changed that much," said Vyanne Lai, oil analyst with National Australia Bank

http://www.cnbc.com/id/102652027

Posted by rikki > 2015-05-07 08:04 | Report Abuse

Africa is the next big emerging market

For William Heinecke, chairman and CEO of Minor International, the game plan for business expansion has always been straightforward: find a market gap and fill it.

This time the 66-year old hospitality tycoon is turning his focus on Africa.

"I look at Africa as the emerging Asia, it's like what Asia was 30 years ago. So if an entrepreneur were to ask me where should he go now, frankly Bangkok is so competitive, unless you've got huge capital resources, and you're very good, you better be careful, because you can get burnt badly in Thailand. But in Africa, where many of the brands are not present, at least in our fields, there's limited competition," he told Martin Soong, during CNBC's Entrepreneur Asia: Power Players interview.
http://www.cnbc.com/id/102616590

Posted by rikki > 2015-05-07 08:07 | Report Abuse

SapKen poised to win RM5.35bil global jobs

SapuraKencana Petroleum Bhd (SapKen) is poised to land two international jobs in India and Mexico respectively totalling about US$1.5bil (RM5.35bil), according to a source close to the deals.

This development comes when the crude oil price has crossed US$60 per barrel two days ago, the first time in nearly five months.

The stock has been seeing some buying interest, topping the active list. It closed seven sen or 2.55% higher to RM2.81 against a lacklustre FTSE Bursa Malaysia KL Composite Index performance yesterday.

For the India job, SapKen may even edge out local-based Larsen & Toubro Ltd, as it has put in the lowest bid among the four contenders interested in a portion of the Oil & Natural Gas Corp’s Mumbai High South (MHS) phase three redevelopment project to the tune of US$200mil-US$300mil.

A source revealed that SapKen’s bid – between US$273mil and US$291mil – would have an added advantage, especially with the recent oil and gas (O&G) industry recovery.

SapKen’s bid for the Indian contract was done via its wholly owned offshore construction and subsea services arm, TL Offshore Sdn Bhd.

Larsen & Toubro, Abu Dhabi-based National ­Petroleum & Construction Co and US company McDermott have put in higher bids of US$390mil, US$471mil and US$406mil, respectively.

Besides likely frontrunner Larsen & Toubro, SapKen may face stiff competition if Singapore’s Swiber Holdings Ltd is successful in resubmitting its bid after it had failed to do so earlier due to technical issues, according to reports by an Indian news agency.

The MHS project is speculated to require a new 12-slot well-head platform and two nine-slot platforms with clamped-on structures to be installed.

The job also entails the laying of a total of 115.9km of subsea pipelines in 15 segments.

This is only part of the overall third-phase redevelopment of MHS, valued at US$982.4mil, predicted by some industry experts.

SapKen is not really foreign to the Indian market, as TL Offshore had previously clinched a subcontract for transportation and installation works for the British Gas Exploration & Production India Ltd Mukta B platform and pipeline project by Larsen & Toubro through L&T Sapura Offshore Ptd Ltd, which is an Indian joint-venture company between L&T and Nautical Power Pte Ltd.

The latter is a wholly owned unit of SapKen.

The source only has some sketchy details on the Mexico contract, but the deepwater and shallow structure contracts are expected to be more lucrative at around US$400mil.

Nevertheless, the Americas is SapKen’s new growth target area currently commanding about half of its order book in excess of RM28bil.

The country’s biggest O&G player by market value emerged as the world’s largest operator of tender rigs last year after buying part of Seadrill Ltd’s business for US$2.9bil. In February, it completed the purchase of Newfield Malaysia Holdings Inc for US$895.9mil.
http://www.thestar.com.my/Business/Business-News/2015/05/07/SapKen-poised-to-win-RM535bil-global-jobs/?style=biz

Posted by rikki > 2015-05-07 08:15 | Report Abuse

AllianceDBS Research 7/5/2015

Technical Buy - SGB 0.60
TP 0.66 -0.70
Cut-Loss - 0.585

Posted by newman > 2015-05-07 08:38 | Report Abuse

good loh here all buy buy buy no sell sell sell

Posted by rikki > 2015-05-07 10:17 | Report Abuse

Support Line

Boilermech

BOILERMECH Holdings bounced to a high of RM1.58 during intra-day session. A successful penetration of the RM1.60 barrier would signal a new leg of uptrend, targeting a re-test of the historical peak of RM1.80 in the near-term. Initial support is pegged at the 100-day simple moving average of RM1.49.

Perisai

PERISAI Petroleum recovered from a near five-year low of 38 sen in mid-December last year to trade range-bound, attempting to build a base for recovery. A push above the 72.5 sen hurdle followed by a postive breakout of the 86 sen mark would signal a bullish turnaround while the immediate support is resting at the 50 sen-52 sen band.

Press Metal

PRESS Metal shares retraced back to the RM2.80 level on April 28, the worst in near 2½ months before turning range-bound, undergoing consolidation. The trend ahead is pretty straight forward. A decisive breach of the RM3.02 line may see the bulls rallying towards the RM3.22 mark. On the opposite, a clear breakdown from the recent lows will signal the resumption of a downward correction.
http://www.thestar.com.my/Business/Business-News/2015/05/07/Support-Line/?style=biz

Posted by rikki > 2015-05-07 17:50 | Report Abuse

KLCI down 15.87pts on bond sell-off, ringgit weakens

The FBM KLCI fell sharply minutes before closing to settle 15.87 points or 0.9% lower as a global sell-off in government bonds hit share market sentiment. The ringgit weakened.

Reuters reported that world financial markets were unsettled again on Thursday as a week-long sell-off in benchmark government bonds, stocks and the dollar, and a race up in oil prices, was compounded by UK election uncertainty.

http://www.theedgemarkets.com/my/article/klci-down-1587pts-bond-sell-ringgit-weakens

Posted by rikki > 2015-05-07 18:21 | Report Abuse

Sixteen M'sian firms on Forbes ranking of world's biggest public companies

Sixteen Malaysian firms made it to Forbes’ latest annual Global 2000 ranking of the world’s biggest, most powerful and most valuable public companies.

They are Malayan Banking Bhd (ranked 371), Tenaga Nasional (408), CIMB Group (574), Public Bank (578), Sime Darby (709), Axiata Group (932), Genting (1122), RHB Capital (1185), Hong Leong Financial Group (1287), MISC (1318), AmBank Group (1331), Petronas Chemicals (1339), Maxis (1441), Petronas Gas (1485), IOI Group (1559) and YTL (1589).

Criteria for the ranking include sales, profits, assets and market value.

http://www.thestar.com.my/Business/Business-News/2015/05/07/Sixteen-Malaysian-firms-on-Forbes-Global-2000-ranking/?style=biz

Posted by rikki > 2015-05-07 18:26 | Report Abuse

Bank Negara keeps OPR unchanged at 3.25%

Bank Negara Malaysia’s (BNM) monetary policy committee kept the Overnight Policy Rate (OPR) unchanged at 3.25% as the policy remains accommodative and supportive of economic activity.

It said on Thursday that latest indicators suggested domestic demand has continued to support growth in the first quarter. 

“Looking ahead, the prospects are for the Malaysian economy to remain on a steady growth path, with domestic demand remaining as the key driver of growth,” it said. 

BNM said it expected private consumption to moderate as households adjust to the Goods and Services Tax (GST), which came into effect on April 1.

However, it expected consumption expenditure to be supported by the steady rise in incomes and employment. 

BNM forecast investment activity to be led by capital spending in the export-oriented industries, the services sector and for infrastructure projects. 

“These investments will cushion the impact of the lower oil and gas-related investment activity,” it said. 

On the external front, while export growth will be affected by lower commodity prices, manufactured exports will continue to benefit from the improvement in economic activity in several advanced economies and the sustained growth in Asia.

On Thursday, the International Trade and Industry Ministry (MITI) announced Malaysia’s March exports rebounded with a 2.3% growth to RM66.47bil from a year ago. The growth in exports exceeded economists forecast of a 4.2% decline.

Leading the exports growth were manufactured goods valued at RM52.67bil or 79.2% of total exports in March. This was an increase of 5.7% or RM2.83bil from March 2014.

http://www.thestar.com.my/Business/Business-News/2015/05/07/Bank-Negara-keeps-OPR-unchanged/?style=biz

Posted by rikki > 2015-05-08 12:37 | Report Abuse

Eco World completes corporate exercise

Eco World Development Group (EcoWorld) Bhd has completed the last leg of its corporate exercise following a 20 per cent placement of shares to institutional investors which has raised proceeds of RM638.35 million.
In a statement today, the property developer said the order book was subscribed 1.41 times with significant orders from long-term institutional investors.
The exercise has attracted a strong demand from local and foreign investors, it added.

Pursuant to the book-build exercise, EcoWorld said it would be issuing 394.04 million new shares, representing about 20 per cent, of its issued and paid-up capital.

President and Chief Executive Officer Datuk Chang Khim Wah said with the completion of the corporate exercise, the group is well-placed to forge ahead with its growth and expansion plans to achieve its RM7 billion sales target for its financial year 2015 and 2016.

"The group has accumulated 2,122.57 hectares of landbank with a total remaining gross development value of RM61.2 billion to be developed," he added.

With the 20 per cent placement, EcoWorld had raised a total proceeds of about RM2.8 billion from its entire corporate exercise.

Its earlier subscription of shares and rights issues with warrants, were completed in February and March 2015, respectively.

As at 10.18 am, EcoWorld's share prices was flat at RM1.77 with 492,400 shares transacted.-Bernama
http://www.thestar.com.my/Business/Business-News/2015/05/08/Eco-World-completes-corporate-exercise/?style=biz

Posted by rikki > 2015-05-08 16:12 | Report Abuse

Stock To Watch
SKPRes @ 0.945 TP 1.22 by UOBKayHian

http://klse.i3investor.com/blogs/ss2020_SKPRES/76219.jsp

Posted by rikki > 2015-05-08 16:15 | Report Abuse

SKPRes TP 1.20 by UOBKayHian & TP 1.25 by TA Securities

Posted by rikki > 2015-05-09 10:59 | Report Abuse

Ho Hup Construction on a roll

Its Aurora Place @ Bukit Jalil project fully sold

A YEAR after its exit from PN17 status, small-cap construction and property developer Ho Hup Construction Co Bhd is on a roll.

The company, which dates back to the 1960s, is among the top five of RHB Research’s Top Malaysia Small Cap Companies 2015. PN17 denotes a company in financial distress.

“We are delighted,” says chief executive officer Derek Wong Kit-Leong (pic) in his office in Bukit Jalil, Selangor.

Wong has several other reasons to smile. Mixed commercial development Aurora Place @ Bukit Jalil has sold out and earnings are visible.

This project has been a “huge success”. It occupies about 5 acres and comprises shop offices, retail floors and small offices, versatile offices. The project is fully sold and Wong will be keeping an 18-storey office block, the only office block in that development so far for recurring income.

The entire 10-acre plot, with a GDV of about RM1.1bil, is part of the 60 acres held by its subsidiary Bukit Jalil Development Sdn Bhd (BJD). The other 50 acres would be developed under a joint development agreement between BJD and Pioneer Haven Sdn Bhd, a subsidiary of Malton Bhd, which will be developing Pavilion Bukit Jalil there.

Having completed sales for his first parcel, Wong is targeting to build two blocks of serviced apartments on the remaining three acres after making allowance for infrastructure and amenities like roads and drainage system.

He will be leveraging on the success of Malton’s 50-acre development, which, according to RHB Research, will be launched soon as Bukit Jalil City this year.

Under an agreement hammered out some years ago, Ho Hup will be entitled to 18% of the GDV ranging from RM4bil to RM4.5bil for the 50-acre project.
http://www.thestar.com.my/Business/Business-News/2015/05/09/Ho-Hup-Construction-on-a-roll/?style=biz

Posted by rikki > 2015-05-09 11:09 | Report Abuse

Eye on stock

Pentamaster Corp @ 0.67

By: K.M. LEE 

A CONSTRUCTIVE upward momentum, lasting for almost a year, witnessed Pentamaster Corp Bhd (Penta) shares rallying to as high as high of 74.5 sen on April 21, the best level since November 2007.

Thereafter, they succumbed to an apparent profit-taking selling pressure to slip into correction mode, pulling prices back to the 57.5-sen line on April 28 before a fresh bout of bargain hunting activity emerged unexpected to aid the bulls.

In the wake of renewed buying, Penta rode on the strength to stage a rebound, lifting its shares to an intra-day high of 68 sen yesterday.

Based on the daily chart, it is quite clear that this stock is making an attempt to resume the upward thrust after undergoing a brief correction process.

A breach of the recent peak of 74.5 sen, accompanied by bigger volumes would give investors the confirmation, enroute to the 90-sen mark.

The next upper strong hurdle is resting at the RM1-RM1.08 range. Perhaps, investors can consider taking up a position at current levels, if one is optimistic of the trend ahead.

Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum were on the rise. It had issued a short-term buy at the bottom late last month and now resting at the 82% and 61% level respectively. In addition, the 14-day relative strength index climbed from 31 on April 28 to settle at the 60-point level yesterday.

Though the daily moving average convergence/divergence histogram retained the sell call, trending below the daily trigger line, it had indicated a pretty encouraging convergence pictogram.

Technically, the landscape of this counter still is decisively bullish. With indicators improving, Penta is poised to firm in the short term. As for the downside, Initial support is resting at the 57.5 sen-60 sen band, followed by the 100-day simple moving average of 50 sen. 

http://www.thestar.com.my/Business/Business-News/2015/05/09/Eye-on-stock/?style=biz

Posted by Tessa Joseph > 2015-05-09 14:09 | Report Abuse

KLSE : ASIAPLY

Asia Poly Holding Bhd CEO Teoh Cheng Chuan disposed of an 11.37% stake in the company when he sold 10 million shares via an off-market deal at 43 sen per share... http://superawesomedeals.com.my/stockmarket

Posted by Mark T Bird > 2015-05-09 14:57 | Report Abuse

Tessa, haha you got there first!

Posted by Mark T Bird > 2015-05-09 15:07 | Report Abuse

Perwaja

Abu Sahid tells StarBizWeek: “I don’t know the deal… It is a memorandum of understanding (MoU), so I won’t know if it’s a done deal. But if it’s good for the company, why not? Datuk Alan Ong sits on Maju Holdings Sdn Bhd’s board. He is a smart guy. He knows what to do.”

Posted by Tessa Joseph > 2015-05-09 19:47 | Report Abuse

Lol

Posted by rikki > 2015-05-10 18:12 | Report Abuse

China cuts interest rates for third time since November as economy sputters

China's central bank cut its benchmark lending rate by 25 basis points to 5.1 percent on Sunday, its third reduction since November, as economic growth cools to levels not seen since the global financial crisis.

The People's Bank of China (PBOC) also reduced one-year benchmark deposit rates by 25 basis points to 2.25 percent, it said in a statement on its website, adding that the reductions would be effective on May 11.

The central bank said the move would support the healthy development of the economy.

Economists had said it was not a matter of if, but when China eased policy again after economic growth in the first quarter cooled to 7 percent, the slowest pace since 2009.

http://mobile.reuters.com/article/businessNews/idUSKBN0NV0A320150510?irpc=932

Posted by Mark T Bird > 2015-05-10 23:26 | Report Abuse

AffinHwang IB vice president and head of retail research Datuk Dr Nazri Khan said that Bursa Malaysia should stabilise and take a sideway track this week, after being squeezed by negative global economic data, Greece funding stalemate and bearish statement from USA Federal Reserve on asset valuation.

He said any weakness however should be cushioned by positive momentum from ringgit (w-o-w up 4.2% to 3.5650), brent oil price (w-o-w up 3.8% to USD69.20), the tabling of 11th Malaysian Economic Plan and the upcoming Malakoff mega IPO.

GTG

Posted by duitKWSPkita > 2015-05-10 23:29 | Report Abuse

Good evening to everyone.

Posted by Tessa Joseph > 2015-05-11 10:06 | Report Abuse

Global news highlights

· US adds 223,000 jobs in April; jobless rate falls to 5.4%

· IMF works with bank regulators on contingency plans for Greek default

· China’s central bank cuts benchmark interest rate

· China April inflation muted, fuels calls for more easing

· China's Commerce Ministry says trade levels in second half of year to improve

· Japan first-quarter GDP growth seen moderate, weak consumption a concern

Posted by rikki > 2015-05-11 12:37 | Report Abuse

Ecoworld @ 1.78 TP2.45 by CIBM

Eco World climbs after corporate revamp completed

Shares of Eco World Development rose in early Monday trade after it completed its corporate exercise which included a 20% private placement.

At 9.36am, it was up two sen to RM1.78. There were 83,800 shares done at prices ranging from RM1.76 to RM1.79.

The FBM KLCI was up 5.28 points or 0.29% to 1,812.93. Turnover was 266.23 million shares valued at RM134.56mil. There were 258 gainers, 146 losers and 213 counters unchanged.

CIMB Equities Research is retaining Eco World as an Add and one of the top picks in the property sector.

The research house said the potential re-rating catalysts include strong sales and earnings growth. It has a target price of RM2.45, which is 38.2% above the last traded price of RM1.77.

“With the completion of the 20% private placement, Eco World's major restructuring exercise is now complete. The enlarged group has over 5,000 acres of landbank with gross development value (GDV) of RM65bil and a post-placement gearing of around 0.5 times for FY15,” it said.
Last Friday, Eco World announced it had undertaken the placement of 20% new shares or 394.044 mil units at RM1.62 each. The placement was oversubscribed by 1.41 times. The RM638.4mil proceeds will be used for landbanking and investments. The new shares will be listed on May 19.
http://www.thestar.com.my/Business/Business-News/2015/05/11/Eco-World-climbs-after-corporate-revamp-completed/?style=biz

Posted by Star Tracker > 2015-05-11 17:49 | Report Abuse

Hello, need help and get some advice.
Is there anyone playing Yee Lee Shares right now??
Any comments for it??

Posted by Mark T Bird > 2015-05-11 22:55 | Report Abuse

Yee Lee added it had successfully secured the exclusive distributorship of Red Bull Gold, Red Bull Less Sugar and Red Bull Bottle energy drinks in Malaysia, which is expected to contribute positively to the group's future profitability.

GTG

Posted by rikki > 2015-05-12 08:51 | Report Abuse

Watchful of foreign fund selling on Bursa

Foreign funds were net sellers on Bursa Malaysia on Monday with net selling at –RM165.70mil but the selling was well-absorbed by local institutions.

BIMB Securities Research said on Tuesday local institutions were net buyers at +RM158.5mil and retailer also net buyers at +RM7.2mil.

Overnight on Wall Street, key indices fell as a renewed bonds selloff hit share market sentiment. The DJIA and S&P500 fell by 0.47% and 0.51% respectively to end at 18,105.17 and 2,105.33 respectively.

European stocks ended lower as Greece’s nagging debt troubles weighed on Europe’s broader stock markets.

On earlier trading, key Asian stock markets advanced following China's decision to implement its third interest rate cut since November.

At Bursa Malaysia, the KLCI ended lower in thin trading, down 2.16 points or 0.12% to 1,805.49 weighed down mainly by plantation and power stocks.

“Trading participation saw net selling by foreign institutions while local institutions and retail were net buyers.
“We expect the index to trend lower due to lack of fresh catalysts with immediate support at 1,800 while immediate resistance at 1,811,” it said.
http://www.thestar.com.my/Business/Business-News/2015/05/12/Watchful-of-foreign-fund-selling-on-Bursa/?style=biz

Posted by rikki > 2015-05-12 09:42 | Report Abuse

MMSV @ 0.83 TP 0.95 by Kenanga
http://klse.i3investor.com/blogs/kenangaresearch/76373.jsp

Posted by rikki > 2015-05-12 10:11 | Report Abuse

Johor property glut prompts Singapore to warn buyers of risks

In Johor alone, there are around 336,000 new private residential units in the pipeline – more than the total number of private homes in Singapore.

And this does not include the 1,400ha of reclaimed land near the Tuas Second Link, which will be developed from 2020 onwards.

In the light of rising concerns about this oversupply of private properties across the Causeway, the Singapore government will ramp up efforts to raise awareness of the risks involved in buying overseas property.

“Given these indications, buyers are becoming more cautious, as shown by many reports,” Singapore minister for culture, community and youth Lawrence Wong said in the Singapore parliament yesterday, in his capacity as a member of the Monetary Authority of Singapore’s (MAS) board of directors.

“Official Malaysian data suggest the Johor housing market is already slowing down ... Singaporean buyers, too, are becoming wary.”

According to a survey of real estate agencies, the number of Malaysian properties bought through these agencies dropped from 2,609 in 2013 to 838 last year, said Mr Wong, who was replying a query by Singapore MP Dr Lee Bee Wah (of the Nee Soon group constituency).

Her question on how many Singaporeans are individual owners of properties in Iskandar Malaysia comes after a recent Maybank report cautioned investors that the glut of homes in Iskandar will be aggravated by a huge incoming supply this year and next.

The report pointed the finger at aggressive land-banking activities by Chinese developers, which could worsen the glut and lead to price wars in the high-rise mixed-development segment.

Data from Malaysia’s National Property Information Centre, which Wong had cited, also show that the number of upcoming planned properties in Johor is the highest in the country.
http://www.themalaysianinsider.com/malaysia/article/johor-property-glut-prompts-singapore-to-warn-buyers-of-risks

Posted by rikki > 2015-05-12 16:01 | Report Abuse

Oil prices dipped on Tuesday as Saudi Arabia reported strong crude production figures and U.S. investment bank Goldman Sachs warned of further oil price declines.

Oil prices drop on high Saudi output, Goldman expects more falls
Tuesday's falls continued price declines on Monday and the previous week, and they came after Brent climbed 40 percent from its January lows, with many analysts saying upward momentum looks to have come to an end as production around the world continues to outpace demand.

Top oil exporter Saudi Arabia pumped 10.308 million barrels of oil per day in April, slightly less than in March but still close to record highs.

Goldman Sachs said in a note that the recent price rally itself prevented a reduction of oversupply and would therefore lead to lower prices going forward.

"While low prices precipitated the market rebalancing, we view the recent rally as premature with crude oil prices expensive relative to current and forecast fundamentals," the investment bank said.

"As a result, we believe that the recent price rally is premature (and) that prices need to sequentially weaken, to resume the oil market rebalancing as well as help correct the still intact imbalance of too much capital looking for opportunities in the energy space," it added.
http://www.theedgemarkets.com/my/article/oil-prices-drop-high-saudi-output-goldman-expects-more-falls

Posted by rikki > 2015-05-12 22:42 | Report Abuse

Market Outlook as at May 12, 2015

Today is not a good day for our market. FBMKLCI broke below the previously overcame downtrend line, RR as well as the psychological 1800 support. With these double whammy, FBMKLCI is poised to go lower, possibly testing the 1770-1780 level in the next few days. To avoid this downside trajectory, FBMKLCI must recover above the 1800 mark soon.

http://nexttrade.blogspot.com/

Posted by rikki > 2015-05-13 11:32 | Report Abuse

Dialog @ 1.65 TP 2.00 by CIMB

CIMB Research ups Dialog Group target price to RM2

CIMB Equities Research has raised the target price for Dialog Group from RM1.96 to RM2, which is 25% above the last traded price of RM1.60.

The research house said higher contributions from Pengerang and the production-sharing contract (PSC) for three fields powered Dialog to hit a record quarterly net profit in the third quarter ended March 31, 2015 (3QFY6/15).

“This led to an all-time high nine-month net profit that exceeded expectations, forming 85% of our full-year forecast and 86% of consensus.

“We expect a stronger 2H on more Pengerang contributions as Dialog aims for another record year in FY15. We raise our FY15-17 EPS forecasts by 2-6%. Our target price rises as we update our sum-of-parts valuation,” it said.

CIMB Research continues to value the stock at 15 times CY16 price-to-earnings (P/E), at par with its target market P/E.

“Positive Pengerang outlook is a potential re-rating catalyst that supports our Add call,” it said.

To recap, it said Dialog’s 3Q net profit jumped 65% on-year. The boost came from higher contributions from engineering, procurement, construction and commissioning (EPCC) activities at the Pengerang tank terminal.

The PSC for D35, D21 and J4 fields contributed to the 65% on-year growth in Dialog’s 3Q15 net profit of RM82mil, which is a new record.

The margins for earnings before interest, tax, depreciation and amortisation (EBITDA) margin advanced to 17% from 10% a year before, thanks to the PSC’s contributions that were booked for the first time in 1Q15.

The record 3Q15 performance pushed 9M15 net profit up 29% to a new high of RM164mil.

In 3Q15, Dialog completed EPCC activities at Pengerang’s Phase 1C and began works on Phase 2. Phase 1 is already in full operations, receiving more than 160 vessels, including very large crude carriers, to date.

“We raise our FY15-17 EPS forecasts by 2%-6% to reflect higher Pengerang contributions,” it said.

Meanwhile, a site at the terminal is being prepared for the construction of liquefied natural gas (LNG) regasification facilities in a partnership comprising Petronas Gas (65%), Dialog (25%) and the Johor state government (10%). The LNG facilities are slated to be operational by Oct 2017.

Production enhancement and redevelopment activities continue at the Bayan enhanced oil recovery project. Furthermore, development activities are being aggressively pursued at the D35, D21 and J4 fields to rejuvenate and increase oil production under the PSC.
http://www.thestar.com.my/Business/Business-News/2015/05/13/CIMB-Research-ups-Dialog-Group-target-price-to-RM2/?style=biz

Posted by rikki > 2015-05-13 20:03 | Report Abuse

Malaysians urged to invest amid current technical correction

Malaysians should take the opportunity to invest, whether in the stock market or unit trusts, during this current technical-correction phase, said Malaysia Association of Technical Analysts (MATA) President, Datuk Dr Nazri Khan Adam Khan.

Seeing the technical correction in the stock market as a "usual" phase  annually, he said the current weaker market environment coupled with the easing of the ringgit and lower oil prices should augur well for market players to invest.

"In the months of May and June every year, seasonally, the (stock) market will consolidate, that's normal. I think the main reason the market is consolidating right now is because of expectation that the United States will raise its interest rate.

"In the past, the market will normalise in the next few months after consolidation. So, take this opportunity (consolidation) to invest, directly or indirectly," he told reporters after the announcement of Ariflabur programme by Pelaburan Mara Bhd here, today.

He said that 2015 would be the best time to invest as the 11th Malaysia Plan would be unveiled on May 21, with a stimulus package estimated to be up to RM350 billion.

"The pillar of this package is definitely going to be the development of the Tun Razak Exchange (TRX) which is basically to make Malaysia as one of the Islamic finance centres in the world, while Shariah finance houses could benefit the most from it," he said. 

Nazri Khan expected the TRX to be the gateway for Malaysia to the Islamic world, whereby investors not only could invest in the local Islamic market but also in foreign markets through the exchange.

He said the progress of the TRX is currently positive as the government has already invited 100 Islamic multinational companies to the exchange.

The Asean Economic Community (AEC) which will take off this October would also be another good reason for investors to be more aggressive in making their investment.

Nazri Khan said the fact that Malaysia is going to chair the first AEC meeting this year and the ASEAN Exchanges link-up next year would further benefit the local investment.

"In terms of fund management industry, we are the biggest in Southeast Asia with a value of RM630 billion," he said.

Adding fillip to the market, Nazri Khan said there were some 10 big initial public offerings (IPO) to be launched this year, including Malakoff Corporation Bhd, which is slated for listing this Friday, is the biggest IPO on Bursa Malaysia since 2012.

"That will create a spark on Bursa Malaysia and lot of indirect investment including the unit trusts," he added.
Among other mega IPO scheduled for launch this year are Iskandar Malaysia Sdn Bhd, which is expected to be the largest property IPO in ASEAN, Sunway Construction and Sime Darby Auto.- Bernama 

http://www.thestar.com.my/Business/Business-News/2015/05/13/Malaysians-urged-to-invest-amid-current-technical-correction/?style=biz

Posted by rikki > 2015-05-14 08:04 | Report Abuse

AllianceDBS Research 14/5/2015

Technical Buy - Humeind @ 3.73
TP 3.90 - 4.20
Cut-Loss - 3.64

Posted by Tessa Joseph > 2015-05-14 12:34 | Report Abuse

Current sentiment is still under the influence of “Bearish Engulfing” pattern. Yesterday, the FBMSC rose 93.37 pts to close at 16,525.20 pts. It formed a white candle and breached above the 50-day MAV line again, after falling below that line in the previous session......

http://superawesomedeals.com.my/

Posted by Mark T Bird > 2015-05-14 12:37 | Report Abuse

whoa!!

thanks tess :)

Posted by rikki > 2015-05-14 23:54 | Report Abuse

Greece signs EBRD deal worth up to 500 million euros a year

Greece signed an investment deal worth up to 500 million euros a year with the European Bank for Reconstruction and Development (EBRD) on Thursday, gaining a rare financial endorsement from the region for its attempts to remain solvent.

The EBRD and Greece formally signed the five-year agreement at the development bank's annual meeting in Georgia. It was approved by the bank's shareholders in March.

"It could help the country's economic recovery significantly," Greece's economy ministry said in a statement.

The ministry added it should boost the funding options of Greek businesses, especially the small and medium-sized ones that have been hit the hardest by the country's economic crisis.

The EBRD's decision to start lending in Greece comes after years of debate at the bank about whether a member of the world's most advanced monetary union fits with the bank's role of helping countries make the transition to market economies.

The head of the bank, Suma Chakrabarti, has said he hopes to have the first Greek projects in place in coming months but admits Athens leaving the euro would complicate things.

New EBRD forecasts on Thursday predicted Greece's economy would stagnate this year and the bank's staff warned if it left the euro, the situation would be far worse both for itself and the countries around it.
http://www.theedgemarkets.com/my/article/greece-signs-ebrd-deal-worth-500-million-euros-year

Posted by rikki > 2015-05-15 08:26 | Report Abuse

S&P 500 ends at record high as dollar loses ground

U.S. stocks ended sharply stronger on Thursday and the S&P 500 closed at a record high as investors worried less about interest rates and a weaker dollar offered the possibility of stronger sales for U.S. multinationals.

The S&P 500 gained 22.62 points, or 1.08 percent, to end at 2,121.1, exceeding its previous all-time high close of 2,117.69 on April 24. The Nasdaq Composite had its strongest day since January.

After oscillating in what many investors view as a range for much of the past three months, the S&P's gain in 2015 now stands at 3 percent.

The dollar moved to its lowest since January against a basket of currencies of major U.S. trading partners - good news for companies that have large foreign sales.

A report showing a dip in initial claims for state unemployment benefits last week did little to change broad expectations that the U.S. Federal Reserve would not increase interest rates before the second half of 2015 at the earliest.

"There's a 50-50 chance they're not going to raise rates this year, so why are we spending two years discussing this? Let's focus on the fact that the economy is doing okay," said Steve Goldman, principal of Goldman Management in Short Hills, New Jersey. "The path of least resistance is higher."

Wall Street's top banks expect the Federal Reserve to begin raising interest rates in September, according to a Reuters poll last week.

The Dow Jones industrial average rose 191.75 points, or 1.06 percent, to end at 18,252.24.

The Nasdaq Composite added 69.10 points, or 1.39 percent, to 5,050.80.

All of the 10 major S&P 500 sectors were higher, with the tech index's 1.73 percent rise leading the way. Apple shares rose 2.33 percent, making the stock the biggest driver on both the Nasdaq and S&P 500.
http://www.theedgemarkets.com/my/article/sp-500-ends-record-high-dollar-loses-ground