Bursa Malaysia Stock Signals- KLCI stages mellow bounce back early Monday

KUALA LUMPUR: Blue chips arranged a mellow bounce back early Monday following seven days in length of misfortunes, supported by Petronas Gas and Bursa (Bursa Malaysia Stock Signals) while unrefined petroleum costs climbed.

At 9.41am (Fkli Tips),

the KLCI was up 2.82 focuses or 0.16% higher at 1,743.47. Turnover was 687.41 million offers esteemed at RM188.10mil. There were 266 gainers, 192 failures and 281 counters unaltered.

Kenanga Investment Bank Research said the nearby market has been influenced by the remote pitching to end at 1,740.65 last Friday (Malaysian Stock Signals).

“From graphing point of view, the record was exchanged the negative domain more often than not. Key pointers hint at no fleeting recuperation, as most are presently in the negative state.

“The general specialized picture disintegrated after it separated underneath the help level of 1,750, demonstrating the viewpoint beginning to get bearish.

“Encourage shortcoming, assuming any, bolster levels can be found at 1,729 (S1) and 1,713 (S2). On the other hand, the protection levels to pay special mind to now are 1,765 (R1) and 1,783 (R2),” said Kenanga Research.

Oil costs ascended on Monday over supply worries in the Middle East and as the US advertise hinted at additionally fixing (Bursa Malaysia Stock Trading Signals) while request in Asia continues rising, Reuters revealed.

Brent rough prospects, the universal benchmark at oil costs, were at US$57.90 at 0131 GMT, up 15 pennies, or 0.26%, from their last close. US West Texas Intermediate (WTI) rough prospects were at US$52.13 per barrel, up 29 pennies, or 0.56%.

BAT and Petron Malaysia picked up 20 sen each to RM42.56 and RM11.44 while Petronas Gas added 18 sen to RM18.06.

Bursa Malaysia (Malaysian Trading Signals) picked up 16 sen to RM9.91, Time dotCom 15 sen to RM9 and Top Glove 14 sen to RM6.73.

KL Kepong fell the most, down 26 sen to RM24.20, Ajinomoto 16 sen to RM19.84, Eon Credit 10 sen to RM13 and JAKS eight sen to RM1.39 while Comintel Corp lost six sen to 85.5 sen.

Equity Signal in Malaysia

KUALA LUMPUR: Hong Leong Bank drove blue chips higher early Wednesday after its firm arrangement of money related outcomes, shoring the market up after a baffling Tuesday, yet investigators advised about financial specialists offering into quality. – Equity Signal in Malaysia

At 9.30am,(Equity Signal in Malaysia)

the KLCI was up only 1.33 focuses or 0.08% to 1,707.88. Turnover was 468.98 million shares esteemed at RM223.35mil. There were 267 gainers and 156 washouts.

Hong Leong Investment Bank (HLIB) Research said as the Trump-rally stretched out in the midst of superior to expected corporate income for 4Q16, it may envision that the Dow Jones Industrial Average may visit the resistance of 20,800-21,000.

Likewise, brokers will keep on monitoring the advance on monetary motivation that will be uncovered by Donald Trump in the close term. – Equity Signal Malaysia

“On our neighborhood front, following the bullish feelings on Wall Street, combined with recouping raw petroleum costs, we can expect gentle purchasing enthusiasm inside the O&G stocks.

“Be that as it may, offering into quality procedure will be re-sent no matter how you look at it if the KLCI retests the 1,720-1,730 level as specialized readings propose that the key list is overbought,” it prompted speculators.

Hong Leong Bank rose 12 sen to RM13.62 and HLFG added eight sen to RM15.28.

Scope Tree was the top entertainer as the furniture producer added 22 sen to RM5.89, Petron and Mercury picked up 13 sen each to RM4.60 and RM1.39.

Age added 11 sen to RM2.40 and Ann Joo nine sen higher at RM2.62.

AirAsia rose four sen to RM2.79 with 10.9 million shares done while its call warrants C49 added 0.5 sen to 28.5 sen.

Carlsberg was the top failure, down 32 sen to RM14.42 after its entire year income plunged, Pharmaniaga fell 25 sen to RM4.80 subsequent to posting misfortunes in the final quarter.

KL Kepong fell 10 sen to RM24.14 and Rhone MA was down 5.5 sen to 92 sen.

Our recommendation for KLSE investors

  1. VIVOCOM
  2. HIBISCS
  3. DNEX
  4. SRIDGE
  5. AIRASIA

KLSE INTRADAY SIGNALS: BUY HIBISCS AT 0.530 TARGET 0.550, 0.570 SL 0.505 

Our recommendation for SGX investors

  1. HONG LEONG ASIA
  2. DISA
  3. NOBLE
  4. HOCK LIAN SENG
  5. SINO GRANDNESS

SGX INTRADAY SIGNALS: BUY HONG LEONG ASIA AT 1.33 TARGET 1.38, 1.44 SL 1.26 

Breakfast briefing – Equity Signal Malaysia

MarketWrap: The S&P 500 finished scarcely higher on Tuesday while the Nasdaq figured out how to scratch out another record as additions in huge tech names countered vitality decays. The Dow Jones Industrial Average likewise hit an intraday unsurpassed high soon after the market opened, and the benchmark S&P 500 approached yet another record high. – Equity Signal Malaysia

The DJIA rose 37.87 focuses, or 0.19%, to end at 20,090.29, the S&P 500 increased 0.52 point, or 0.02%, to 2,293.08 and the Nasdaq included 10.67 focuses, or 0.19%, to 5,674.22.(Equity Signal Malaysia)


Vitality 


Oil costs that tumbled over 1% on Tuesday fell further after settlement, constrained by developing unrefined stockpiles in the United States as confirmation of an expanding restoration in US shale creation could confuse endeavors by Opec and different makers to decrease a supply overabundance. Brent unrefined LCOc1 settled down 67 pennies, or 1.2%, at US$55.05 a barrel. – Reuters


Forex synopsis – (Equity Signal Malaysia)


*The ringgit lost 0.11% to 4.4402 for every US$

*It lost 0.23% to 4.7448 versus euro

*Down 1.21%% to 5.5525 for each pound sterling

*Down 0.13% to 3.1341 for each Singapore dollar

*0.21% lower to 3.3908 for each Aussie

*0.35% bring down at 3.9601 for each 100 yen


Best outside stories


GM final quarter benefit falls on money misfortunes: General Motors Co said on Tuesday that final quarter net pay fell somewhat on the quality of the dollar against the British pound and gauge level 2017 benefit for each share. GM’s net salary tumbled to US$1.8 billion, or US$1.19 per share, from US$6.3 billion, or US$3.92 a share, a year prior. – Equity Signal Malaysia


US exchange shortage falls as fares hit more than 1-1/2 year high: The US exchange shortfall fell in December as fares hit their largest amount in more than 1-1/2 years in the midst of record shipments of innovation items, yet fortifying household request focuses to further ascents in imports, which could oblige monetary development. The Commerce Department said on Tuesday the exchange hole dropped 3.2% to US$44.3 billion, finishing two straight months of increments. – Reuters


Our recommendation for KLSE investors


  1. IFCAMSC
  2. STERPRO
  3. KSL
  4. IVORY
  5. CUSCAPI

KLSE INTRADAY SIGNALS: BUY SERBADK AT 1.52 TARGET 1.58, 1.64 SL 1.45


 

Bursa Malaysia Trading Signals – Today’s analyst report

KUALA LUMPUR: Contributions from better valued properties catalyzed Crescendo Corporation Bhd’s center net benefit for the initial nine months of money related net benefit for the initial nine months of money related year 2017 (9MFY17) to develop by 48% to RM21.5mil, beating desires.( Bursa Malaysia Trading Signals)

Kenanga Research said on Friday Cescendo’s center profit development was driven by the 28% upgrades in income, impacted by the billings of its new deals.

To note,

business property ventures order better edges & subsequently prompted to better valued properties.

On a quarter-on-quarter premise, the center income for the second from last quarter was 13% higher in spite of enrolling a critical development of 47% in income.

This was generally because of the decrease in development edges & the pressure in income before intrigue, expense, devaluation & amortization (EBITDA) edges taking after the offer of lower edge items.

The property engineer’s property deals came to about RM220mil &was in front of Kenanga Research’s RM197mil-focus for FY17, driven by its Bandar Cemerlang extend.

Kenanga Research opined the close to-mid-term standpoint for Crescendo stays unexciting.

“This is because of its presentation in modern property & ventures fixation in the Johor district, while the gathering stays careful on dispatches going ahead.

“While ringgit stays frail, residential certainty issues are keeping mechanical property speculators on the sidelines,” said the exploration house.

Kenanga Research raised its conjectures for FY17-18 center profit by 10% & 6%, separately, after the modification in the business target furthermore calibrating in edge suppositions.

The exploration house held its “market perform” suggestion on Crescendo in spite of the admirable monetary execution.

Be that as it may, the objective cost was raised to RM1.68.

Our Stock Recommendations:

KLSE INTRADAY SIGNALS: BUY CAPITACOM TRUST AT 1.48 TARGET 1.53, 1.58 SL 1.42 

Hot Stock of the Day:

  1. genting sing
  2. cnmc goldmine
  3. capitamall trust
  4. kris energy

Hurry up trader’s & get this opportunity flat 30% off on half yearly package & flat 50% off on yearly package.

Bursa malaysia stock tips

Latest forex , comex & stocks trading ideas in Malaysia.

KUALA LUMPUR MALAYSIA : Sime Darby, Mesiniaga, Westports and Dufu Technology could see exchanging interest oon Friday after their corporate declarations, says JF Apex Research.

Sime Darby’s circuitous unit Glengowrie Rubber Company Sdn Bhd arrangements to offer 325.7ha of freehold area in Glengowrie Estate in Hulu Langat, Selangor to Petaling Garden Sdn Bhd for RM428.8mil.

Concerning Mesiniaga, the examination house said the IT administrations organization secured a RM10.42mil IT support and administrations contract from the Malaysian Investment Development Authority.

Westports says take a shot at its RM1.05bil Container Terminal 8 (CT8) is on track as development of Phase 1 of the terminal has been finished. Take a shot at Phase 2 has begun with the heaping for the second 300-meter wharf.

Dufu Technology arrangements to solidify two shares of 50 sen each into one offer of RM1 to enhance its capital structure by the final quarter of 2016.

JF Apex Research said Boustead Heavy Industries Corp (BHIC) acknowledged a RM11.2mil contract from the Defense Ministry to supply and convey saves, and give support and preparing to the Malaysian Navy’s Bofors 40mm/L70 weapon.

Overnight on Wall Street, US stocks shut almost level on Thursday as financial specialists looked ahead to a key job information. Likewise, European stocks completed under weight, as financial specialists hinted at alert in front of the US occupations report on Friday.

At Bursa Malaysia, the FBM KLCI quit for the day focuses or 0.23% to 1,666.73.

“Taking after the dull execution in the US and European markets, the FBM KLCI could backtrack towards the bolster level of 1,650,” it said.

Our Recommendation for KLSE ACTIVE TRADER.

KLSE INTRADAY SINGAL : BUY BHIC AT 1.84 TARGET 1.92, 2.02 SL 1.74

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Stocks news.

KUALA LUMPUR : Shares of ML Global Bhd and LBS Bina Group Bhd progressed in dynamic exchange on Thursday as financial specialists were sure about their corporate activity to expand ML Global’s development business.

At 11am, ML Global was up 9.5 sen to 81 sen while LBS added seven sen to RM1.79.

The FBM KLCI was off its before low, shedding 2.62 focuses to 1,658.77. Turnover was 407.80 million shares esteemed at RM332.34mil. There were 216 gainers, 311 failures and 327 counters unaltered.

LBS is infusing its 75%-possessed development arm MITC Engineering into its 51% claimed ML Global for RM225mil, to be settled by means of offer issuance.

“This is a positive astonishment as it opens the estimation of LBS’s development arm,” said CIMB Equities Research on Thursday.

It raised the objective cost to RM2.15 from RM2, still in light of 40% markdown to RNAV, to mirror the transfer esteem; however FY17-18F EPS has been sliced by 4% to reflect profit weakening from the transfer.

“LBS remains an Add, with this corporate activity as a potential re-rating impetus. Drawback danger to our Add call is crumbling of conclusion in the property market,” it said,

LBS and the minority shareholder of MITC Engineering (MITCE) will arrange their stakes in MITCE to Bursa-recorded ML Global for RM300mil, to be settled completely by means of offer issuance. LBS will get 201 million conventional shares and 135 million irredeemable convertible inclination offers (ICPS) in ML Global as installment for its 75% stake in MITCE.

To keep up people in general spread of ML Global, LBS arrangements to put out 45 million standard shares in ML Global to outsider financial specialists after the benefit infusion.