Breakfast briefing – US stocks rose on Thursday.

forex picks in malaysia.

 

MarketWrap : US stocks ascended on Thursday, drove by increases in bank shares, a day after the Federal Reserve raised loan fees for the second time in about 10 years. – Reuters The DJIA rose 59.71 focuses, or 0.3%, to 19,852.24, the S&P 500 increased 8.75 focuses, or 0.39%, to 2,262.03 and the Nasdaq included 20.18 focuses, or 0.37%, to 5,456.86.

Forex synopsis

*The ringgit lost 0.06% to 4.4683 for every US$
*It was 0.81% higher at 4.6550 for every euro
*Up 1.15% to 5.5369 for every pound sterling
*Up 0.37% to 3.0973 for every Singapore dollar
*0.75% higher to 3.2869 for every Aussie
*0.04% bring down at 3.7804 for every 100 yen

Vitality : Oil settled little-changed on Thursday subsequent to sliding to its most minimal level in a week in unstable exchange, however a surging dollar did not weight costs underneath specialized bolster levels as Opec individuals told clients they would cut unrefined supplies. Brent fates for February conveyance picked up 12 pennies, or 0.2%, to settle at US$54.02 per barrel. – Reuters

Best remote stories : 21st Century Fox seals US$14.8b Sky purchase: Rupert Murdoch’s 21st Century Fox on Thursday fixed a US$14.8 billion (RM66 billion) money arrangement to take control of container European pay-TV mammoth Sky and make a worldwide excitement titan. It achieved a formal consent to purchase the 61% stake in Sky that it doesn’t effectively claim. – AFP

Lonza needs ton to get US sedate container creator Capsuge: Lonza to get US medicate case producer Capsugel from KKR for US$5.5b: Swiss creator of cases and other medication conveyance frameworks, from KKR and Co LP for US$5.5 billion in real money to widen its item extend. – Reuters

Beat nearby stories : TNB eyes abroad development – Tenaga Nasional Bhd (TNB) is meaning to infer 20% of its benefits from abroad by 2025 to balance abating development locally. TNB CFO Datuk Fazlur Rahman Zainuddin ays the gathering is taking a gander at circumstances that will give it long haul manageable development. – StarBiz

Felcra won’t take stake in KFM: In a startling about turn, the Federal Land Consolidation and Rehabilitation Authority Bhd (Felcra) declared that it will stop “all exploratory interest” to take a stake in Kuantan Flour Mills Bhd (KFM). – StarBiz

YNH arrangements to offer healing facility to Pantai Medical Center: Property designer YNH Property Bhd expects to discard a doctor’s facility office in Perak to Pantai Medical Center Sdn Bhd for RM63mil. – StarBiz

Sime Darby dispatches Robin Food application: Sime Darby Bhd has propelled the nation’s first-historically speaking surplus nourishment application called Robin Food, which was the triumphant thought amid the Sime Darby Young Innovators Challenge held in June this year. – StarBiz

REDtone reports misfortune because of higher working expenses: REDtone International Bhd posted a net loss of RM2.63mil for the second quarter because of higher working expenses and outside trade misfortunes. Its income rose to RM39.26mil. – Reuters

Hiap Teck limits misfortune: Steel pipe producer Hiap Teck Venture Bhd contracted its misfortunes to RM958,000 from RM37.22mil a year prior, on enhanced edges and lower share of misfortunes at its partner Eastern Steel Sdn Bhd. Its income fell 12% to RM279.12mil. – StarBiz

MRT Corp to honor more employments: Mass Rapid Transit Corp Sdn Bhd (MRT Corp) will grant the first of nine station bundles for the second MRT extend – the Sungai Buloh-Serdang-Putrajaya line – one week from now. – StarBiz

Best Glove benefit down on lower offering costs: Top Glove Corp Bhd’s net benefit fell 42.9% to RM73.32mil in the main quarter. The glove producer’s income dropped 1.8% to RM785.6mil, in spite of development in deals volume of 7%, because of the lower normal offering cost and weaker US dollar. – StarBiz

Najib: RM2b saved money on MRT extend: About RM2 billion has been spared from the underlying focused on cost for the mass fast travel (MRT) extend, said Datuk Seri Najib Razak. The leader said the venture could be executed at a cost of about RM21 billion contrasted and the focused on cost of RM23 billion in the underlying stage. – Edge FD

IMF ventures 4.5% GDP development for Malaysia in 2017: Malaysia’s genuine (GDP) development is anticipated to increment to around 4.5% in 2017, says the International Monetary Fund (IMF). It said Malaysia’s economy keeps on performing admirably regardless of critical headwinds.

The genuine GDP development is anticipated at 4.2% for 2016, supported by versatile household request, it included. – Edge FD

Scientex looking at a greater bit of US market: Packaging producer Scientex Bhd is peering toward to extend its client base in the US with its new extend lm plant in Arizona. – Edge FD

Hong Leong Bank sets up Labuan branch: Hong Leong Bank Bhd has set up a branch Labuan International Business and Financial Center to grow its provincial impression. – Edge FD

Our recommendation for KLSE INTRADAY investors.
KLSE INTRADAY SIGNALS: BUY CIVMEC AT 0.440 TARGET 0.455, 0.470 SL 0.424
 
KLSE INTRADAY SIGNALS: KINDLY BOOK FULL PROFIT IN CIVMEC AT 0.470 OUR BOTH TARGET HAS BEEN DONE.
 
KLSE INTRADAY SIGNALS: BUY OKA AT 1.21 TARGET 1.25, 1.29 SL 1.16 
Latest hot Stocks 
  1. KOBAY
  2. PPB
  3. COMCORP
  4. GKENT
  5. DANCO
  6. MAGNI

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