Malaysia Stock Picks- KLCI inches higher early Tuesday on Petronas, Genting picks up

KUALA LUMPUR: Petronas Dagangan, Genting Bhd and Sime Darby supported the FBM KLCI’s (Malaysia Stock Picks) initial progress on Tuesday in front of the Budget 2018 recommendations to be declared on Friday.

At 9.16am (Bursa Malaysia Stock Picks),

the KLCI was up 3.01 focuses or 0.17% to 1,744.48. Turnover was 214.73 million offers esteemed at RM110.63mil. There were 164 gainers, 134 failures and 237 counters unaltered.

Asian offers held inside striking separation of late decade highs on Tuesday (Bursa Malaysia Trading Signals) even as Wall Street tumbled from record levels, while monetary forms kept to limit runs in front of key financial occasions, Reuters revealed.

MSCI’s broadest list of Asia-Pacific offers outside Japan was 0.1% firmer at 549.71, not a long way from a 10-year high of 554.63 set a week ago.

Australian offers

additionally edged higher and back toward a 5-1/2 month top addressed Monday, while Japan’s Nikkei fell 0.2% from a 21-year high.

With respect to Bursa Malaysia (Malaysian Stock Picks), Hong Leong Investment Bank (HLIB) Research said mid-to-vast top stocks may even now merge sideways in front of the Budget 2018 proposition this Friday.

It additionally anticipated that

lower liners related would innovation divisions could in any case be exchanged effectively.

“Likewise, we see a pickup in exchanging volumes on coordinations players, for example, Century Logistics and Xinhwa.

“Any adjust LRT3 contracts to be granted may add to reestablished exchanging enthusiasm among development stocks,” it said.

Petronas Dagangan added 28 sen to RM24.26, KL (Bursa Malaysia Stock Tips) Kepong picked up 18 sen to RM24.58, Genting Bhd 10 sen to RM9.45, Sime Darby nine sen to RM9.20 while Petronas Gas propelled eight sen to RM18.28 with only 100 offers done.

Denko Industrial

hopped 27 sen to RM1.55. Its official director and controlling investor Datuk Seri Foo Chee Juan intends to infuse his exclusive accuracy plastic infusion forming firm into Denko at a demonstrative cost of RM1.19bil.

Adventa included 10 sen in rising exchange on reports Top Glove may to purchase the glove producer. Top Glove lost nine sen to RM6.59 on benefit taking.

BAT fell 60 sen to RM42 after its second from last quarter income fell by 33%.

Tenaga and Yinson lost six sen each to RM14.24 and RM3.92.

Latest Hot Stock For Malaysian Traders/Investors 
1. DENKO

2. GREENYB

3. ADVENTA

4. FRONTKN

5. TECFAST
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The stocks which could see trading interest on Friday – Trading signals malaysia

KUALA LUMPUR: Ajiya, Destini, TH Heavy Engineering, MMC, UMW OG, UMW Holdings are among the stocks which could see exchanging enthusiasm on Friday after their corporate news, says JF Apex Research. (Trading signals malaysia)

It said Ajiya’s net benefit for the 4QFY16 rose 64% on-year to RM7.05mil because of higher working benefit.

With respect to Destini and TH Heavy Engineering, the JV stowed a RM738.9mil government contract to supply three seaward watch vessels for the Malaysian Maritime Enforcement Agency (MMEA). (Trading signals malaysia)

JF Apex Research said MMC is offering its unit, MMC Oil and Gas Engineering Sdn Bhd, for RM50mil to concentrate on its center organizations. MMC hopes to have a coincidental pick up on transfer of RM16.5mil.

UMW Oil and Gas arrangements to gain Icon Offshore and other O&G resource from Ekuinas.

UMW Holdings is leaving its oil and gas business with its demerger arrange with UMW Oil and Gas.

Overnight on Wall Street, US markets finished lower drove by property counters with the Dow on a five-day losing streak as financial specialists anticipate President-elect Donald Trump’s introduction.

European stocks likewise shut lower after the European Central Bank kept loan costs unaltered.

At Bursa, the FBM KLCI added 1.49 focuses to 1,666.51. Taking after the dreary execution in the US and Europe, the FBM KLCI could stay sideways beneath the resistance of 1,680, it said.

Updated Recommendations for KLSE Investors 2017


  1. ICON
  2. THHEAVY
  3. UMWOG
  4. HIBISCS

KLSE INTRADAY SIGNALS: BUY SEAL AT 0.495 TARGET 0.515, 0.535 SL 0.470 


  1. SUNMOONFOOD
  2. MM2 ASIA
  3. CIVMEC
  4. ALLIANCE MINERAL

    SGX INTRADAY SIGNALS: BUY ALLIANCE MINERAL AT 0.116 TARGET 0.121, 0.126 SL 0.110