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

Stock Picks Malaysia – Breakfast briefing on Wednesday (December 28)

MarketWrap: US stocks climbed somewhat on Tuesday, upheld by cheery shopper and lodging information, with additions in innovation offers lifting the Nasdaq Composite to a record close. At a little more than four billion shares exchanged, it was one of the most reduced volume sessions of 2016. Volume crosswise over business sectors is required to keep on being feeble through the end of the year. – Reuters (Breakfast briefing: Wednesday, December 28 – (Stock Picks Malaysia)

The DJIA rose 11.23 focuses, or 0.06%, to 19,945.04, the S&P 500 increased 5.09 focuses, or 0.22%, to 2,268.88 and the Nasdaq included 24.75 focuses, or 0.45%, to 5,487.44.

Forex outline – 

*The ringgit lost 0.04% to 4.4810 for each US$

*It was 0.16% lower at 4.6887 for each euro

*Down 0.11% to 5.5059 for each pound sterling

*Down 0.03% to 3.0934 for each Singapore dollar

*0.11% lower to 3.2236 for every Aussie

*0.09% higher at 3.8108 for every 100 yen

Vitality

Oil increased 1.5% on Tuesday, proceeding with its year-end rally with support from desires of more tightly supply once the principal yield cut arrangement amongst Opec and non-Opec makers in 15 years produces results on Sunday. Brent rough LCOc1 settled up 93 pennies, or 1.7%, to US$56.09 a barrel. – Reuters

Beat remote stories

Toshiba banners hit of ‘billions of dollars’ on US atomic obtaining: Toshiba Corp said it might need to book a few billion dollars in charges identified with a US atomic power plant development organization securing, sending its stock tumbling 12% and reviving worries about its bookkeeping sharpness. – Reuters

Abbott gets US antitrust endorsement to purchase St Jude Medical: Healthcare organization Abbott Laboratories has won US antitrust endorsement for its proposed US$25 billion securing of therapeutic gadget producer St Jude Medical Inc, the US Federal Trade Commission said on Tuesday. – Reuters

Australia’s Woolworths offers petrol fasten to BP for US$1.3b: Australia’s top food merchant Woolworths Ltd said on Wednesday it will offer its bind of petrol stations to BP plc for A$1.8 billion (US$1.3 billion), the most recent transfer in an offer to give back the organization’s concentration to its center grocery store business. – Reuters

Japan Inc could guarantee edge in abroad arrangements as China confronts limitations: Japan Inc may turn into a more vital constrain in dealmaking one year from now as its got the money for up organizations try to purchase development prospects somewhere else on the planet and as Beijing’s crackdown on capital surges keeps some Chinese organizations from making outside acquisitions, financiers and legal advisors said. – Reuters

Best nearby stories

Tang family’s offer for The Store turns unlimited: The Tang family, which is looking to purchase out The Store Corp Bhd, has secured acknowledgments for 59% of the organization’s value, making their offer unqualified regardless of its share value shutting higher than the crisp offer cost of RM3.70 per share. The Store offers shut at RM3.75 on Tuesday. – StarBiz

 
Our recommendations for KLSE INTRADAY investors. 
 
KLSE INTRADAY SIGNALS: BUY ALLIANCE MINERAL AT 0.093 TARGET 0.097, 0.102 SL 0.087
 
KLSE INTRADAY SIGNALS: BUY MHB AT 0.90 TARGET 0.93, 0.96 SL 0.086
 

Latest Hot stocks for investors.
 
1. MAXIS

2. UMW

3. TASCO

4. GENP

Enjoy our 3 days free trial service in Stock Picks Malaysia & gain lots of profits.

Bhd & Western Union have launched the first digital remittance service in Malaysia

KUALA LUMPUR: Malayan Banking Bhd (Maybank) and Western Union have launched the first digital remittance service in Malaysia via its Maybank2u mobile banking App.  

Maybank said on Wednesday the service enables Maybank customers to transfer money to more than 500,000 Western Union agent locations in over 200 countries and territories. 

Available 24 hours a day, seven days a week including public holidays, the service allows customers to transfer up to RM10,000 in a day. Recipients are able to receive money quickly after it is wired by the sender.  

The new service will reinforce Maybank’s online leadership and help the bank to grow its business of enabling transactions on digital platforms. 

Maybank group head, community financial services, Datuk Lim Hong Tat said this new service reflects the same commitment the bank has as Western Union in providing consumers the best in cross-border financial services. 

“Maybank customers are now able to enjoy fast, convenient and reliable cross-border remittance transfer services digitally around the world.”
 
“We have revolutionised the money transfer processes for Maybank customers when comparing with current practice where they need to visit a Western Union Agent location in order to transfer money. Now, all they need to do is log in to the M2u App and select the Western Union service, and they are good to go,” Lim added. 

Maybank has the highest digitally engaged customer base, logging in and transacting far more than its peers. 

Maybank is the leading mobile banking provider in the country with 62% of all mobile banking transactions in the Malaysian market, which is performed via the Maybank2u App.

Western Union vice president for key initiatives, Middle East, Africa, Asia Pacific, Eastern Europe and Commonwealth of Independent States, Bassem Awada said the mobile banking app would “not only grow our relationship with Maybank, but also strengthens our position in Malaysia’s cross-border money transfer market”. 

He added the combination of Maybank’s strong presence in digital banking and Western Union’s growing digital network, geographic reach and ability to exchange in 130 currencies enables us to move money quickly and reliably.

Our recommendations for KLSE INTRADAY investors.

KLSE INTRADAY SIGNALS: BUY QT VASCULAR AT 0.083 TARGET 0.085, 0.088 SL 0.079

KLSE INTRADAY SIGNALS: BUY MYCRON AT 1.05 TARGET 1.08, 1.12 SL 1.00

KLSE INTRADAY SIGNALS: BUY SUPERMX AT 2.13 TARGET 2.20, 2.27 SL 2.04 

Latest hot stocks for #stocktrader.

  1. LTKM
  2. HLFG
  3. SCIENTX
  4. MAGNI
  5. GCBCYPARK

For More information visit here : www.mmfsolutions.my

U.S. prosecutors said on Friday

U.S. prosecutors said on Friday that a FBI operator had admitted to being a “noteworthy source” of spilled data to writers covering an insider exchanging test including a celebrated around the world Las Vegas sports speculator and additionally proficient golfer Phil Mickelson.Federal prosecutors in Manhattan, who are seeking after the body of evidence against player William “Billy” Walters, said in a letter recorded in Manhattan government court that the specialist had confessed to being a hotspot for The Wall Street Journal and The New York Times.

Manhattan U.S. Lawyer Preet Bharara’s office has alluded the matter to the U.S. Equity Department’s Office of Inspector General, and the Federal Bureau of Investigation has reported the specialist to its Office of Professional Responsibility, the letter said.

“We are strat our amazing Christmas offer for forex, comex & stocks traders. If you want to take advantages of this offer then hurry up and register here for 3 to 5 days free trial.”

We are start our amazing Christmas offer for forex, comex & stocks traders. If you want to take advantages of this offer then hurry up and register here for 3 to 5 days free trial. www.mmfsolutions.my