KLSE Stock Recommendation- Petronas stocks lead KLCI higher early Monday

KUALA LUMPUR: The hop in raw petroleum costs saw Petronas Gas and Petronas Dagangan developing as among the best gainers in early Monday exchange (KLSE Stock Recommendation), following the progress of Asian offers.

At 9.06am (KLSE Stock Recommendation),

the KLCI was up 2.66 focuses or 0.15% to 1,757.98. Turnover was 244.96 million offers esteemed at RM62.60mil. There were 201 gainers, 80 failures and 215 counters unaltered.

Asian offers progressed to new highs on Monday following Wall Street’s lead (Klse Stock Picks), while U.S. oil fates bounced to drift close to a six-month crest as raising strains between the Iraqi government and Kurdish powers undermined supply, Reuters detailed.

Iraqi powers

started moving at midnight on Sunday towards oil fields held by Kurdish Peshmerga warriors close to the oil-rich city of Kirkuk.

Accordingly, US rough climbed 0.9% to US$51.92 a barrel, not a long way from US$52.85 touched toward the end of last month – a level not seen since April. Brent unrefined climbed 1.2% to US$57.88 per barrel. MSCI’s broadest list of Asia-Pacific offers outside Japan picked up for a fifth day racing to be up 0.3%, after US stocks finished at record highs.

Hong Leong Investment Bank (HLIB) Research said exchanging exercises could keep on focusing on bring down liner and penny stocks inside the innovation area (Klse Stock Signals). Additionally, oil and gas stocks might be lifted by the firmer raw petroleum costs a week ago, it said in its market viewpoint report.

Petronas Gas

rose 16 sen to RM18.76 and Petronas Dagangan added 14 sen to RM24.42.

Among the manors, Batu Kawan picked up 14 sen to RM19.80 and KL (Stock Trading Picks) Kepong increased eight sen to RM24.80.

Vitrox was the best gainers, up 18 sen to RM5.28 while Pentamaster climbed seven sen to RM5.02.

Top Glove chalked up increases of 13 sen to RM6.14 after its solid fourth quarte comes about last Friday and provoked investigators to update the stock.

Vivocom rose 1.5 sen to 16 sen with more than 42 million offers done after it affirmed a StarBiz report (Klse Stock Tips) about the section of a Hong Kong organization as a noteworthy investor.

Padini lost 12 sen to RM4.68 and Public Bank fell eight sen to RM20.42 on benefit taking.

Mitrajaya

fell six sen to 97 sen in dynamic exchange after it proposed a rights issue, sweetened with free warrants and extra offers, to raise as much as RM107mil which will be utilized mostly for the reimbursement of bank borrowings.

For live updates, traders/investors could visit www.mmfsolutions.my

Klse Stock Tips- KLCI plunges early Monday as Genting measures, oil up

KUALA LUMPUR: Blue chips slipped early Monday on offering of Genting Bhd yet the more extensive market was firmer (Klse Stock Tips) while raw petroleum costs crawled up.

At 9.26am (Klse Stock Tips),

the FBM KLCI was down 0.18 of a point or 0.01% to 1,763.82. Turnover was 478.15 million offers esteemed at RM136.88mil. There were 216 gainers, 174 washouts and 262 counters unaltered.

The dollar held enduring against the yen on Monday, having withdrawn from 12-week highs set a week ago, because of reestablished concentrate on geopolitical dangers in the midst of worries that North Korea might set up another rocket test.

Oil costs edged up on Monday, stopping a 2% slide from Friday, on desires that Saudi Arabia would keep on restraining its yield with a specific end goal to help costs (KLSE Stock Recommendation), and as the measure of apparatuses boring for new oil in the United States plunged.

US West Texas Intermediate (WTI) front-month unrefined fates were exchanging at US$49.44 per barrel at 0015 GMT, up 15 pennies, or 0.3%, from their last close.

Brent unrefined fates, the universal benchmark at oil costs, were up 8 pennies, or 0.14%, at US$55.70 a barrel.

At Bursa (Klse Stock Picks), Genting Bhd fell seven sen to RM9.61 while Hong Leong Bank was down 10 sen to RM15.78 with 100 offers done.

Selangor Properties fell the most, down 14 sen to RM4.67 with 500 offers done, Hartalega 10 sen bring down at RM6.87 while Perak Corp and Bison lost seven sen each to RM1.51 and RM2.28 and VS Industries lost six sen to RM2.94.

Carlsberg lost 12 sen to RM14.80 and Ajinomoto lost 10 sen to RM19.90.

Sunway-WB was the best gainer, up 30 sen to 60.5 sen. Genting Plantations rose 14 sen to RM10.58, KL (Klse Stock Signals) Kepommg 14 sen to RM24.94 and Eon Credit added 12 sen to RM13.06.

Favelle Favco increased seven sen to RM2.77 and UOA Development six sen higher at RM2.69.

For live updates, traders/investors could visit www.mmfsolutions.my

Stock Trading Picks- Blue chips firmer early Tuesday, ringgit plunges

KUALA LUMPUR: Blue chips progressed early Tuesday on picks up chalked up by Petronas Gas and Genting Malaysia (Stock Trading Picks) after the record overnight close on Wall Street shored up supposition however the ringgit debilitated against the US dollar.

At 10am (Stock Trading Picks),

the KLCI was up 2.62 focuses or 0.15% to 1,757.40. Turnover was 623.70 million offers esteemed at RM265.67mil. There were 256 gainers, 195 washouts and 283 counters unaltered.

The ringgit fell 0.21% to the US dollar to 4.241 from the past close of 4.232.

Asian offers

tiptoed bring down on Tuesday, influenced by weaker oil costs yet upheld by records on Wall Street and playful monetary information that lifted US Treasury yields and the dollar, Reuters detailed.

MSCI’s broadest list of Asia-Pacific offers outside Japan was down 0.1% in early exchange. Japan’s Nikkei stock file included 0.3%, getting a tailwind from a weaker yen.

Oil fell edged lower on Tuesday, declining for a moment day and sapping more quality from a second from last quarter rally (Klse Investment Picks), in the midst of signs that a worldwide excess in unrefined may not clear as fast as bulls had trusted.

US unrefined

was down 15 pennies at US$50.43 a barrel. Brent rough, the worldwide benchmark, was down 18 pennies at US$55.94 a barrel, Reuters revealed.

Singapore-based IT arrangement supplier Cloudaron Group rose five sen to 16 sen on its exchanging debut on the LEAP Market for SMEs.

BAT climbed the most, up 58 sen to RM43.50 however with only 1,000 offers done. Petronas Gas added 12 sen to RM18.02 and Genting Malaysia 11 sen to RM5.41 while KL (Klse Stock Picks) Kepong was up 10 sen to RM24.72.

Lotte Chemical Titan figured out how to recover about portion of the earlier day’s misfortunes to propel 13 sen to RM5.11 with 1.62 million offers done. Petron added 10 sen to RM10.54.

Maybank’s

call warrants C29 fell 8.5 sen to 12 sen, Kossam lost eight sen to RM6.82, Ajinomoto and PPB Group eight sen bring down at RM20 and RM16.82 while Lii Hen Industries shed five sen to RM3.57.

Latest Hot Stock For Malaysian Traders/Investors 
1. BONIA

2. LFECORP

3. UCHITEC

4. AHB

5. CAB
For live updates, traders/investors could visit www.mmfsolutions.my

Fkli Trading Strategy- Minetech Resources Berhad (KLSE:MINETEC): How Does This Stock Rank Value-Wise?

Investigating valuation rankings for Minetech Resources Berhad (KLSE:MINETEC), we see that the stock has a Value Composite score of 57. Created by James O’Shaughnessy, the VC score utilizes five valuation proportions. These proportions (Fkli Trading Strategy) are cost to income, cost to income, EBITDA to EV, cost to book esteem, and cost to deals. The VC is shown as a number in the vicinity of 1 and 100. When all is said in done, an organization with a score more like 0 would be viewed as underestimated, and a score more like 100 would show an exaggerated organization. Including a 6th proportion, investor yield, we can see the Value Composite 2 score which is presently sitting at 65.

The measure of monetary data accessible to singular financial specialists nowadays is amazing. Gathering knowledge in money markets is significantly simpler to do than any time in recent memory. Every one of the advances in innovation have enabled general financial specialists to get to data effortlessly. Understanding all the different information can overpower, yet driving through the information may make a strong establishment to begin upgrading benefits in the market.

With such a large number of contributing alternatives, brokers and financial specialists need to build an arrangement that works particularly for them. Getting to be noticeably taught about the share trading system before handling the brute may help the individual financial specialist (Stock Investment Signals) from multiple points of view. Concentrate how markets and costs move may enable the financial specialist to choose which way is the most ideal approach. Understanding the challenges and conceivable entanglements that financial specialists by and large fall prey to, can go far in night before the primary exchange is ever constructed. As most speculators know, the business sectors and financial scenes are continually evolving. This requires the financial specialist to be in tip top mental shape so as to stand up to intense purchase or offer choices when the time comes.

In investigating some other striking technicals,

Minetech Resources Berhad (KLSE:MINETEC’s) ROIC is – 0.357341. The ROIC 5 year normal is – 0.025128 and the ROIC Quality proportion is 2.428096. ROIC is a productivity proportion that measures the arrival that a venture creates for those giving capital. ROIC helps indicate how productive a firm is at transforming capital into benefits.

The Q.i. Estimation of Minetech Resources Berhad (KLSE:MINETEC) is 50.00000. The Q.i. Esteem is a useful instrument in deciding whether an organization is underestimated or not. The Q.i. Esteem (Stock Trading Picks) is figured utilizing the accompanying proportions: EBITDA Yield, Earnings Yield, FCF Yield, and Liquidity. The lower the Q.i. esteem, the more underestimated the organization is believed to be.

The FCF Yield 5yr Average is computed by taking the five year normal free income of an organization, and separating it by the present endeavor esteem. Venture Value is computed by taking the market capitalization in addition to obligation, minority premium and favored offers, less aggregate money and money reciprocals. The normal FCF of an organization is controlled by taking a gander at the money created by operations of the organization. The Free Cash Flow Yield 5 Year Average of Minetech Resources Berhad (KLSE:MINETEC) is 0.022020.

Investor Yield

We additionally take note of that Minetech Resources Berhad (KLSE:MINETEC) has a Shareholder Yield of – 0.100429 and a Shareholder Yield (Mebane Faber) of – 0.08664. The principal esteem (Klse Stock Signals) is ascertained by adding the profit respect the level of repurchased shares. The second esteem includes the net obligation reimbursed respect the computation. Investor yield can demonstrate how much cash the firm is offering back to investors through a couple of various roads. Organizations may issue new offers and purchase back their own offers. This may happen in the meantime. Financial specialists may likewise utilize investor respect gage a pattern rate of return.

MF Rank

Minetech Resources Berhad (KLSE:MINETEC) has a present MF Rank of 14205. Created by multifaceted investments administrator Joel Greenblatt, the goal of the equation is to spot fantastic organizations that are exchanging at an alluring cost. The recipe utilizes ROIC and profit yield proportions to discover quality, underestimated stocks. When all is said in done, organizations with the most minimal consolidated rank might be the higher quality picks.

PI

We would now be able to take aquick take a gander at some recorded stock value file information. Minetech Resources Berhad (KLSE:MINETEC) directly has a 10 month value list of 1.76471. The value file is figured by isolating the present offer cost by the offer value ten months back. A proportion more than one demonstrates an expansion in share cost over the period.

A proportion lower than one demonstrates that the cost has diminished over that day and age. Taking a gander at some other eras, the year value file is 1.87500, the two year is 2.30769, and the three year is 1.03448. Narrowing in somewhat nearer, the 5 month value list is 1.11111, the 3 month is 1.15385, and the 1 month is as of now 1.07143.

FOR LIVE KLSE UPDATE, TRADERS/INVESTORS COULD VISIT WWW.MMFSOLUTIONS.MY

Equity Tips: KLCI plunges early Friday as Genting and CIMB slip

KUALA LUMPUR: Investors took benefit on Genting Bhd and CIMB Group early Friday and pushed the FBM KLCI (Equity Tips) marginally into the red yet the more extensive market was enduring with concentrate seen now on Lotto Chemicals Titan (LCTitan) once more.

At 9.30am (Equity Tips)

At 9.16am, the KLCI was down 0.86 of a point or 0.05% to 1,782.12. Turnover was 334.55 million offers esteemed at RM81.63mil. There were 185 gainers, 112 failures and 238 counters unaltered.

Asian offers edged up on Friday as financial specialists watched out for another US storm, while the dollar slid after European Central Bank boss Mario Draghi recommended the bank may start decreasing its huge boost program this fall, Reuters revealed.

MSCI’s broadest file of Asia-Pacific offers outside Japan included 0.1%, yet was still down 0.2% for the week. Japan’s Nikkei stock list was influenced by a more grounded yen and slipped 0.5%, losing 2% for the week.

Kenanga Investment Bank Research said in view of the late push of the KLCI on Thursday, the bulls could rule the session towards the end chime in the wake of exchanging range-bound in the vicinity of 1,772 and 1,776 generally of the day.

“In spite of generally impartial readings from pointers, the past two days’ bullish moves mirror an expansion in speculators’ ability to enter the shred.

“Quite, the KLCI is currently amidst testing the 1,783 (R1) resistance level where an unequivocal breakout over this level would be significant to impact finish purchasing-  Equity Tips.

“Once taken out, the following resistance level to target is 1,789 (R2) additionally up. Drawback bolster levels meanwhile stay unaltered at 1,760 (S1) and 1,750 (S2) underneath,” said Kenanga Research.

Bursa Malaysia fell

20 sen to RM10.22, HL Industries 16 sen to RM9.83 and Hartalega 11sen to RM6.79.

MPI lost 10 sen to RM13.76, Genting eight sen to RM6.83 while Texchem and Petronas Dagangan were down six sen each to RM1.09 and RM24.42.

AFG fell 10 sen to RM3.89 and CIMB eight sen bring down at RM6.83.

Sino Huann recaptured footing to climb 2.5 sen to 20.5 sen in dynamic exchange.

KL Kepong rose 22 sen to RM24.84 and PPB Group 18 sen higher at RM16.92 in thin exchange. HLFG added 10 sen to RM17.10, Choo Bee and LC Titan seven sen each to RM2.26 and RM5.42.

CCM Duopharma and Sunway added six sen each to RM2.17 and RM4.46 while Unisem increased five sen to RM4.12.

For live KLSE update, traders/investors could visit www.mmfsolutions.my    

Stock Tips Malaysia – The FBM KLCI got off

KUALA LUMPUR: The FBM KLCI got off to a quieted begin to the second quarter of 2017 at the beginning of today. – Stock Tips Malaysia

At 9.05am, the FBM KLCI was down 0.03 focuses to 1,740.06. Stock Tips Malaysia

The top failures included Petronas Dagangan Bhd, Hatalega Holdings Bhd, Latitude Tree Holdings Bhd, GHL Systems Bhd, Genting Bhd, Teck Guan Perdana Bhd and Eco World Development Group Bhd.

Asian shares began the week on an enduring balance on Monday after a guard quarter as speculators look to the state of U.S. exchange and financial approaches and how they could influence worldwide development, as per Reuters.

MSCI’s broadest record of Asia-Pacific shares outside Japan was minimal changed in early exchange while Japan’s Nikkei rose 0.1 percent, it said.

JF Apex Securities Research said US markets declined on Friday after purchaser spending information came underneath desire. European stocks finished blended after potential Brexit and bureau reshuffle in South Africa. – Stock Tips Malaysia

“On the neighborhood advertise, the FBM KLCI tumbled 9.16 focuses to 1740.09 focuses. Stock Tips Malaysia

“Taking after the dull execution in the US and Europe, the FBM KLCI could remain influenced underneath 1750 focuses,” it said.

Stock Tips Malaysia

Diary Malaysia – Klse Investment Tips in Malaysia

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS – Klse Investment Tips in Malaysia

MONDAY, FEBRUARY 20

KUALA LUMPUR-Health Minister Dr S. Subramaniam dispatches online employment entryway for tumor patients at Hospital Kuala Lumpur Auditorium at 1000 (0200 GMT)

KUALA LUMPUR-Natural Resources and Environment Minister Wan Junaidi Tuanku Jaafar opens Innovation Symposium 2017 at Forest Research Institute Malaysia (FRIM) Auditorium, Kepong at 0830 (0030 GMT)

KUALA LUMPUR-Prime Minister Najib Tun Razak goes to International Conference on Religion and Sustainability of Civilisation at Institute of Islamic Understanding Malaysia (IKIM) primary lobby at 1500 GMT (0700 GMT)

KUALA LUMPUR-Prime Minister Najib Tun Razak goes to Christians for Peace and Harmony Malaysia (CPHM), Peace and Harmony celebration debut at Majestic Hotel at 2030 (1230 GMT)

WEDNESDAY, FEBRUARY 22 – KUALA LUMPUR-Release of January 2017 Consumer Price Index at 1200 (0400 GMT)

KUALA LUMPUR-Release of Bank Negara’s remote saves as at 15 February 2017 at 1500 (0700 GMT)

TUESDAY, FEBRUARY 28- KUALA LUMPUR-Release of January 2017 Money Supply Data at 1500 (0700 GMT)

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end January 2016 at 1200 (0400 GMT)

THURSDAY, MARCH 2 – KUALA LUMPUR-Release of Monetary Policy Statement at 1500 (0700 GMT)

FRIDAY, MARCH 3- KUALA LUMPUR-Release of January 2017 External Trade Statistics at 1200 (0400 GMT)

TUESDAY, MARCH 7- KUALA LUMPUR-Release of Bank Negara’s outside stores as at 28 February 2017 at 1500 (0700 GMT)

MONDAY, MARCH 13 – KUALA LUMPUR-Release of January 2017 Industrial Production Index at 1200 (0400 GMT)

WEDNESDAY, MARCH 22 – KUALA LUMPUR-Release of Bank Negara’s outside stores as at 15 March 2017 at 1500 (0700 GMT)

KUALA LUMPUR-Release of February 2017 Consumer Price Index at 1200 (0400 GMT)

FRIDAY, MARCH 31- KUALA LUMPUR-Release of February 2017 Money Supply Data at 1500 (0700 GMT) – Klse Investment Tips in Malaysia

Latest recommendation for KLSE & SGX investors. Take expert advice & make your trading successful.

Our recommendation for KLSE investors

  1. ARMADA
  2. DNEX
  3. MPAY
  4. IWCITY
  5. SEDANIA

KLSE INTRADAY SIGNALS: BUY MPAY AT 0.235 TARGET 0.245, 0.255 SL 0.220 

Our recommendation for SGX investors

  1. EZION
  2. NOBLE
  3. SUNMOONFOOD
  4. EZRA
  5. GOLDEN ENERGY

SGX INTRADAY SIGNALS: BUY SUNMOONFOOD AT 0.117 TARGET 0.122, 0.127 SL 0.111 

 

The FBM KLCI fell nearly five points early Tuesday – Share Trading Signals in Malaysia

KUALA LUMPUR: The FBM KLCI fell about five focuses early Tuesday when it revived for exchanging after the Chinese New Year occasions as assumption took a hit from the weaker overnight close on Wall Street. (Share Trading Signals in Malaysia)

At 9.30am


the KLCI was down 4.86 focuses or 0.29% to 1,681.50 because of misfortunes in influence mammoth Tenaga Nasional, Sime Darby and Genting Bhd. (Share Trading Signals in Malaysia)

Turnover was 182.09 million shares esteemed at RM77.70mil. There were 127 gainers, 141 failures and 203 counters unaltered.

Reuters announced Asian shares were on edge as stringent checks on go to the US requested by President Donald Trump conveyed home to financial specialists that he is not kidding about putting his radical battle vows enthusiastically.

Kenanga Investment Bank Research said actually,


the basic file is emphatically balanced for more noteworthy statures as it is all around upheld by all its upward slanting basic moving midpoints (SMAs).

“The MACD line is additionally showing a bullish merging, steady of the bullish-inclination standpoint.

“In any case,


with the abbreviated exchanging week ahead (three exchanging sessions this week) where most financial specialists are as yet getting a charge out of the bubbly occasion, exchanging exercises are required to be curbed.

“All in, we anticipate that the FBM KLCI will exchange sideways inside 1,680-1,690 this week. Key overhead resistances are seen at 1,690 (R1)/1,700 (R2), while backings are situated at 1,680 (S1)/1,660 (S2),” Kenanga Research said.

At Bursa, smolder in analyzer KESM fell the most, down 28 sen to RM10 yet with 600 shares done it after the current rally.

Petronas Gas fell 14 sen to RM20.78,


Tenaga expanded its decrease from a week ago, down 14 sen to RM13.46, Sime Darby fell eight sen to RM9.15 and Genting Bhd six sen bring down at RM8.34.

Magna Prima lost seven sen to RM1.49 after the current value surge in front of its corporate declaration. SAM Engineering lost six sen to RM5.62.

Shell Refining rose seven sen to RM2.82 while Allianz and Favelle Favco added six sen each to RM10.88 and RM2.64 and Maybank increased four sen to RM8.29.

In the interim,


Brent raw petroleum costs fell around 5% from their initial January top as rising US penetrating action counterbalance endeavors by OPEC and different makers to slice yield with an end goal to prop up the market, Reuters revealed.

Brent rough fates were exchanging at US$55.25 per barrel at 0112 GMT, for all intents and purposes unaltered from their last close. US West Texas Intermediate (WTI) unrefined fates were at US$52.58 a barrel, down five pennies from their past settlement.

Our recommendation for KLSE investors


  1. NOTION
  2. AIRASIA
  3. DATAPRP
  4. SEAL
  5. DOLPHIN 

KLSE INTRADAY SIGNALS: BUY DATAPRP AT 0.235 TARGET 0.245, 0.255 SL 0.220 


Our recommendation for SGX investors


  1. SUNPOWER
  2. MM2 ASIA
  3. THAIBEV
  4. BEST WORLD
  5. AA

SGX INTRADAY SIGNALS: BUY BESTWORLD AT 1.82 TARGET 1.89, 1.96 SL 1.73 


 

 

KLCI starts Monday – how to stock pick successfully

KUALA LUMPUR: Blue chips commenced the new week on a firmer note early Monday with Sime Darby, RHB Bank and Kuala Lumpur Kepong (KLK) supporting the progress. (how to stock pick successfully)

At 9.38am (how to stock pick successfully)

the KLCI was up 4.61 focuses or 0.28% to 1,669.50. Turnover was 256.71mil esteemed at RM116.40mil. There were 211 gainers, 154 washouts and 222 counters unaltered.

Then, Reuters detailed gold costs ascended on Monday on a weaker dollar and place of refuge purchasing on vulnerabilities over US approach after Donald Trump was confirmed as president last Friday.

Spot gold rose 0.5% to US$1,215.30 per ounce by 0051 GMT.

US gold prospects were up 0.9% at $1,215.10 by 0051 GMT. The dollar file, which measures the greenback against a bushel of monetary standards, fell 0.2% to 100.540.

Kenanga Investment Bank Research said it anticipates that the KLCI will see lukewarm throughout the week because of the approaching instabilities over recently selected US President Donald Trump’s managerial arrangements.

“Regardless of a more grounded than-anticipated Wall Street execution amid Trump’s first day in office, his first managerial move to pull back from the TPP (Trans Pacific-Partnership) from the very beginning will probably hose the neighborhood bourse and local conclusion.

“Diagram astute, the KLCI is still range bound inside the 1,660-1,680 year-to-date. The absence of driving force energy portrayed by the flattish MACD and RSI force pointers are embroiling a flattish exchanging week ahead.

“In addition, exchanging volume is required to be thin as we enter the long Chinese New Year end of the week break ahead.

“All in, we figure that the KLCI will exchange level inside 1,660 (S1)- 1,680 (R1) this week, with the following level of resistance and bolster found at 1,700 (R2) and 1,650 (S2) individually,” Kenanga Research said.

Among the KLCI stocks

BAT rose 40 sen to RM44.50, KLK added 14 sen to RM24.38, MISC 12 sen higher at RM7.42 while Sime Darby added eight sen to RM8.60 and RHB Bank increased seven sen to RM4.95.

Nakamichi surged eight sen to 11.5 sen. Glove creators Hartalega and Top Glove rose eight sen each to RM4.70 and RM5.24.

AirAsia fell nine sen to RM2.49 in dynamic exchange while UMW Oil and Gas shed 0.5 sen to 72.5 sen.


Our Recommendation for KLSE investors.


  1. DOLPHIN
  2. JCY
  3. HIBISCS
  4. MBSB

KLSE INTRADAY SIGNALS: BUY DOLPHIN AT 0.415 TARGET 0.430, 0.450 SL 0.380 


Our Recommendation for KLSE investors.


  1. WILTON RESOURCES
  2. TRENDLINES
  3. SEMBCORP MARINE
  4. ASL MARINE

SGX INTRADAY SIGNALS: BUY ASL MARINE AT 0.158 TARGET 0.164, 0.170 SL 0.152 

 

Foreigners make comeback on share investment malaysia

KUALA LUMPUR: Foreign investors are making a comeback to the Malaysian equity market, although it is still early days, according to MIDF Research. – share investment malaysia

The research house said based preliminary data from Bursa, foreigners mopped up RM382.8mil net for the week ended Jan 13, the highest since the third week of September.

MIDF said stronger economic data that came out since the new year showed that the Malaysian economy remained stable.

These include stronger exports and growth in retail sales (9% year-on-year) and industrial production (6.2% year-on-year), all for November.

“Foreigners were marginal net sellers as the market opened on Monday and Tuesday. The selling ended abruptly on Wednesday as foreigners turned net purchasers at RM130mil.

“The inflow peaked on Thursday as foreigners bought RM226mil, the highest since Oct 18, 2016. It receded on Friday, in line with regional trend,” MIDF said in its weekly report.

MIDF noted that foreign average daily trade value rose to RM848mil, 40% higher compared with that the week before. It is also nearing last year’s average participation of RM957mil.

“Local players took the opportunity of foreign buying to clear some position. We note that the retail market is currently active, with participation rate the highest since August,” the research house said.

For the week ended Jan 13, Tenage Nasional Bhd  (TNB) registered the highest net money inflow of RM54.49mil.

However, MIDF said its share price ended unchanged for but slightly outperformed the broader market as the FBM KLCI declined by 0.18% during the week under review.

TNB recently announced an approximately RM474mil acquisition of UK-based Vortex Solar Investments.

YTL Corp recorded the second highest net money inflow of RM8.37mil while CIMB Group saw the third highest net money inflow of RM8.26mil last week.

Meanwhile, Petronas Chemicals saw the largest net money outflow of RM10.15mil last week.

Its stock price performance lagged the market benchmark with a 0.55% drop vis-à-vis the FBM KLCI which declined by a smaller 0.18% during the review week.

Latest Hot stocks

  1. PUC
  2. IFCAMSC
  3. MBSB
  4. EWEIN

Our Recommendation for KLSE investors:

KLSE INTRADAY  SIGNALS: BUY EWEIN AT 0.735 TARGET 0.765, 0.795 SL 0.700…