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


 

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

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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.

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