Forex Forecast: GBPUSD Forecast Sept 24-Sept to 28-Sept 2018

GBP/USD Fundamental and Technical Forecast

GBP/USD had another unpredictable as best level figures contended with Brexit features and sent the match every which way. What’s straightaway? The last GDP release standouts. Here are the key occasions and an updated technical analysis for GBP/USD.

Brexit idealism around the Salzburg Summit was smashed when the EU dismissed the Chequers proposition by and large. The reaction of UK PM Theresa May was cruel too, sending the pound down after it had moved to two-month highs prior. UK swelling bounced to 2.7%, far above desires and sent the pound higher. The US went ahead with forcing exchange duties on China yet advertises took it with a walk pushing the greenback lower.

Fundamental Forecast GBP/USD


1. FPC Statement: Monday, 6:8:30. The Bank of England is additionally in charge of money related dependability notwithstanding setting fiscal arrangement, and the two things are connected. Money related dependability relies upon financial conditions. The quarterly report gives bits of knowledge into the current monetary circumstance and may move the pound.

2. CBI Industrial Order Expectations: Monday, 10:00. The Confederation of British Industry demonstrated weakening conditions in the area back in August, with the marker dropping to 7 focuses following two months of positive astonishments. A drop to 5 focuses is on the cards.

3. High Street Lending: Wednesday, 8:30. The measure speaks to around 66% of UK contracts and is discharged before the official home loan number by the BOE. A disillusioning slide beneath 40K was found in July. We may now observe a bob from that 39.6K level. 39.7K is estimated now.

4. CBI Realized Sales: Wednesday, 10:00. The business makes sense of from CBI came superior to Order Expectations and hit a high of 29 focuses in August. We could see a slide now: 18 focuses are anticipated.

5. GFK Consumer Confidence: Thursday, 23:01. The 2,000-in number overview beat desires in August with an ascent to – 7 focuses, yet the negative number still reflects cynicism among shoppers. A tick down to – 8 focuses is on the cards.

6. Final GDP: Friday, 8:30. The UK economy developed by 0.2% in Q2 as indicated by the underlying discharge that came nearby the primary month to month report for June. While we definitely know the month to month number for July, this last arrival of Q2 GDP is relied upon to give a more extensive point of view toward the economy. The quarterly figures don’t typically change yet updates to the week by week numbers are more typical.

7. Current Account: Friday, 8:30. The UK has an endless exchange parity and current record shortages. In Q1, the shortage limited to 17.7 billion. We will now get the number for Q2 close by the GDP report. A critical shock may take the show from the GDP report. A more extensive shortage of 19.4 billion is on the cards.

Technical Forecast: GBP/USD Forecast Sept 24-Sept to 28-Sept 2018

 

gbpusd 24-sept to 28-sept

1. 1.3375 was a high point in July. It is trailed by 1.3315 that topped the match before that month.

2. 1.3215 was the high point for the match in mid-July and a lower high on the diagram. It is trailed by mid-September pinnacle of 1.3145.

3. 1.3045 was a high point in August and furthermore near the underlying 2018 low.

4. Underneath 1.3000 we find 1.2935, a high point in late August. 1.2865 isolated ranges in late August. Additionally down, 1.2790 served as support late August and also beforehand

5. 1.2750 held the match down when the combine was on the back foot. The current 2018 trough at 1.2660 is the following level.

6. 1.2590 was a swing low in September 2017. Indeed, even lower, 1.25 is a round number and furthermore filled in as help in mid-2017.

 

KLSE Stocks News: Bursa Malaysia Open Lower on Monday with the FTSE Composite Index down 1.41 points to 1,809.23

Kuala Lumpur: Bursa Malaysia share prices opened lower on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.41 points to 1,809.23 at 9 am. The Investors on Bursa Malaysia diverted to profit-taking in this Monday morning session. The trading volume was 31.32 million lots worth RM12.08 million and there were 216 gainers versus 465 decliners and 300 counters unchanged.

Global Markets

The Bilateral trade talk programme between China and the US was canceled due to lack of positive leads to sustain the previous week’s rally. 
Key markets Japan, China, and South Korea were closed on Monday due to Autumn festivals and holidays.  Hong Kong’s Hang Seng index, which remained open, shed 1.25%.

Stocks Price Penetration

The Counters on the 30-stock index were mostly lower, led by Tenaga Nasional shedding 12 sen to RM15.56 and among other leading decliners, Sime Darby Plantation dropped nine sen to RM5.27, MAxis fell seven sen to RM5.81 and Digi shed five sen to RM4.79. 
The IOI gaining from 2 sen to RM4.50 in rose stocks. Petronas Gas adding 12 sen to RM19.12 and Telekom Malaysia adding one sen to RM3.22.

Dutch Lady Milk Industry BHD added RM1.30 to RM65.40, VItrox rose eight sen to RM7.78 and BAT gained eight sen to RM33.24 at the border market and United Plantation rose 38 sen to RM27.50 on the deal of its accession of plantation land from Pinehill Pacific, which jumped 12 sen to 56 sen.

Currency Stats

The ringgit was little changed against the US dollar at 4.1337. It rose 0.9% against the pound sterling at 5.4067 and 0.1% against the Singapore dollar at 3.0256.

Commodity Stats

The oil market jumped as Opec and Russia decided against lower oil prices ahead of US sanctions on Iran. WTI crude rose 81 cents to US$71.59 a barrel while Brent crude gained US$1.01 to US$79.81 a barrel.

 

KLSE opens higher on Friday with the FTSE Composite Index up 8.06 points to 1,811.76

KUALA LUMPUR: KLSE share prices opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 8.06 points to 1,811.76 at 9.01am. Trading volume was 42.48 million lots worth RM22.38 million. Gainers exceeded decliners 376 to 310 with 350 counters unchanged. 

Bursa Malaysia extended its gains in a broad-based rally as confidence grew that countermeasures to protect the impact of the trade war would counterbalance the pessimism.

Global Markets

Regional markets were on the rise on Friday with Japan’s Nikkei, Shanghai Composite Index and Hong Kong’s Hang Seng rising nearly 1% each. South Korea’s Kospi was up 0.4%.

Genting Malaysia rose for a second straight session by 11 sen to RM5. There were only two decliners on the 30-stock index, comprising Genting shedding three sen to RM7.95 and IOI losing one sen to RM4.58.

Lion Industries was actively traded for a third successive session by 6.5 sen to 98.5 sen. My EG also picked up three sen to RM1.79. The stock has chalked up a 160% increase in share price since it bottomed out at 68.5 sen on June 4.

Banking Stats

Banks continued their rally with Maybank adding one sen to RM9.80, Public Bank rising two sen to RM25.04, CIMB gaining one sen to RM6.15 and Hong Leong Bank lifting four sen to RM20.84.

Currency Stats

The ringgit strengthened 0.2% against the greenback at 4.1298. It slides 0.4% against the pound sterling at 5.4807 and 0.16% against the Singapore dollar at 3.0279.

Commodity Market

Oil market prices were mixed following US President Donald Trump’s call on Opec to lower prices. US crude fell nine cents to US$70.23 a barrel while Brent crude rose seven cents to US$78.77 a barrel.

 

GBP/USD Seems to be Neutral Since 21 Aug 18, Spot at 1.2795

Advance in GBP is approaching overbought but still scope for further strength.

Forex Signals: We have held a similar view since last Tuesday (11 Sep, spot at 1.3025) wherein we expect the bounce back in GBP to reach out to 1.3170. GBP, at last, achieved this level as it contacted a medium-term high of 1.3173. As featured before yesterday (18 Sep, spot at 1.3150), while the development in GBP is moving toward overbought, there is no indication of shortcoming right now and there is the degree for encouraging quality towards the following real level of 1.3215.

This is a generally solid resistance and a break of this level would be a decent sign that GBP could keep on advancing in the coming days. On the drawback, the ‘key support’ is right now at 1.3045, higher from 1.3000 previously.

 

Weekly Forecast USD/JPY 17-Sep to 21-Sep

USD/JPY Forecast Technical and Fundamental Analysis

USD/JPY progressed pleasantly as exchange wars made a stride back, US yields climbed and the Fed stayed hawkish. But not everything is going in favor of the pair.

USD/JPY Fundamental Active Players

BOJ Policy Updation

The due date traveled every which way and the US didn’t force new duties on China. On one hand, Trump debilitated to include extra ones. Then again, Treasury Secretary Steven Mnuchin started chats with China. Does he have the support of Trump? Likely not, but rather Trump is occupied with Florence, the tropical storm beating the Eastern seaboard.

Developing markets are additionally more settled with Turkey at last raising rates and no new antagonistic advancements in different nations. Argentina keeps consulting with the IMF.

The Federal Reserve stays hawkish with both Brainard and Evans implying that loan fees may go past unbiased, otherwise known as higher than expansion. Expansion really dropped: Core CPI tumbled from 2.4% to 2.2%, incidentally weighing on the greenback. Retail deals were blended with a miss on the feature however with significant upward modifications. Customer certainty beat desires with 100.8 focuses.

Japanese Prime Minister Shinzo Abe, getting ready for an inner authority challenge inside his party, said that free money related approach won’t keep going forever. Is the BOJ going to fix? Not so quick, but rather the yen may respond decidedly.

Housing Data, and The BOJ

The upcoming week is fairly more peaceful with housing starts, building licenses, and existing home deals to give a report on the lodging segment. The Philly Fed Manufacturing Index is likewise of intrigue.

Trade may return into play. Markets will need to hear uplifting news from the arrangements, yet these may never come. Everything relies upon Trump.

 

USD/JPY Technical Analysis

Technical Chart USD/JPY

USDJPY 17-Sep to 21-Sep, USD/JPY

 

1. 113.15 is the high point found in July. 112.45 was a venturing stone for the match when it exchanged on such high ground. 112.15 was a swing high right off the bat in the month.

2. 111.80 was a top in the diminishing long periods of August and fills in as opposition. Close by, 111.50 topped the combine heretofore and is another hindrance.

3. 110.60 was a swing low in late July and after that again in late August. 109.70 was a swing low in late August and gives additional help beneath the cycle 110 level.

4. Close by, 109.35 was a pad in mid-July. 108.70 was a pad from the get-go in the mid-year and 108.10 a swing low in late May.

5. Lower, we find 107.50 topped the combine toward the beginning of April and is a solid line.

 
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Top 5 High Dividend Paying Stock Bursa Malaysia

Bursa Malaysia is the most dominant market of share trading Malaysia, and dividend play the important role for passive income in the stock market and that’s why Investors always attracted to a high dividend yield stock. 
The return expected in high dividend stocks either in the form of the share dividend or cash dividend. Share investors have a great interest in high dividend sharing stocks. They always plan for long-term investment which creates good revenue for them instead of any other investment scheme.  

Here Multi Management team of research analyst find top 5 high dividends paying stock as per the trader’s interest to trade in Bursa Malaysia 2018.

1. BPLANT (Boustead Plantations Bhd)

Boustead Plantations Berhad is an investment holding company incorporated in 1946 and is based in Kuala Lumpur, Malaysia. Boustead Plantations Berhad is a subsidiary of Boustead Holdings Berhad. The company owns, operates, and manages oil palm and rubber cultivation and processing in Malaysia. 
The company operates through Plantation and Others segments. It cultivates oil palms; harvests its fresh fruit bunches, and produces and sells crude palm oil and palm kernel. Its plantations are located in Peninsular Malaysia, Sabah and Sarawak. The others segment consists of plantations consultancy and investing activities. The Company operates over 40 estates, which are located in Peninsular Malaysia and East Malaysia.

Key Statistics
Market Cap 1,824.000 M
Dividend Yield 10.97%
PE 2.742

 

Total Shareholder Return
Period Dividend Received Capital Appreciation
Total Shareholder Return
Short Term Return
5 Days -0.05 -4.20%
10 Days 0.025 -0.11 -6.80%
20 Days 0.025 -0.11 -6.80%
Medium Term Return
3 Months 0.025 -0.14 -8.98%
6 Months 0.05 -0.053 -0.25%
1 Year 0.19 0.026 19.39%
Long Term Return
2 Years 0.28 0.115 38.54%
3 Years 0.4 0.245 72.07%

 

2. ANNJOO (Ann Joo Resources Bhd)

Ann Joo Resources Berhad is an investment holding company which trades, retails, and supplies building and construction materials and steel and iron products. Ann Joo also works in the production of hardware and steel materials and is involved in property management. The company was founded by Kah Seng Lim in 1946 and is headquartered in Petaling Jaya, Malaysia. 
Business activity of the group is divided into two segments namely Manufacturing and Trading segment and Investment Holding, Property Management and Others. The Manufacturing Division segment manufactures and trades iron, steel, and steel related products. The Trading Division segment trades steel and steel related products, hardware, building and construction materials, and operates steel service center.

Key Statistics
Market Cap 939.104 M
Dividend Yield 10.42%
PE 4.572

 

Total Shareholder Return
Period Dividend Received Capital Appreciation
Total Shareholder Return
Short Term Return
5 Days 0.06 -0.12 -3.21%
10 Days 0.06 -0.18 -6.22%
20 Days 0.06 -0.38 -15.02%
Medium Term Return
3 Months 0.06 -0.51 -19.91%
6 Months 0.19 -1.6 -42.09%
1 Year 0.203 -1.93 -46.93%
Long Term Return
2 Years 0.425 -0.187 12.29%
3 Years 0.425 0.975 180.65%
5 Years 0.455 0.498 76.12%

 

3. SUNWAY (Sunway Bhd)

Sunway Bhd. is a Malaysia based property development and construction company with the business division in property, construction, hospitality, retail, leisure, commercial, trading and manufacturing, building materials, quarrying, healthcare, education, and a real estate investment trust. 
The company was founded by Jeffrey Cheah on November 10, 2010, and is headquartered in Subang Jaya, Malaysia. The property division develops residential and nonresidential properties including retail, healthcare, hospitality, leisure, and commercial assets. The construction division is involved in civil engineering, industrial building systems, geotechnical solutions, machinery, and logistics. The retail division owns and manages shopping malls.

Key Statistics
Market Cap 2,837.737 M
Dividend Yield 10.35%
PE 4.437

 

Total Shareholder Return
Period Dividend Received Capital Appreciation
Total Shareholder Return
Short Term Return
5 Days -0.04 -2.56%
10 Days -0.04 -2.56%
20 Days -0.02 -1.30%
Medium Term Return
3 Months -0.09 -5.59%
6 Months 0.03 -0.05 -1.27%
1 Year 0.06 -0.439 -19.35%
Long Term Return
2 Years 0.15 0.17 23.70%
3 Years 0.52 0.133 47.08%
5 Years 0.68 0.293 79.30%

 

4. GKENT (George Kent Bhd)

George Kent (Malaysia) Bhd. is an investment holding and management company which core businesses are in the water and construction industries. The company functioning in engineering and manufacturing trading, and investment, development of services development of water infrastructure projects and provision of construction services.
The company was founded in 1936 and is headquartered in Puchong, Malaysia and exports its products to Singapore, Thailand, Vietnam, Myanmar, Cambodia, Indonesia, Philippines, Papua New Guinea, Australia, Hong Kong, Sri Lanka, Kenya, South Africa, South America, and the United Kingdom.

Key Statistics
Market Cap 560.314 M
Dividend Yield 9.55%
PE

4.504

 

Total Shareholder Return
Period Dividend Received Capital Appreciation
Total Shareholder Return
Short Term Return
5 Days -0.02 -1.56%
10 Days
20 Days -0.14 -10.00%
Medium Term Return
3 Months -0.23 -15.44%
6 Months 0.05 -3.15 -70.29%
1 Year 0.095 -1.55 -51.78%
Long Term Return
2 Years 0.195 -0.233 -2.55%
3 Years 0.265 0.508 102.79%
5 Years 0.393 0.804 262.50%

 

5. CSCSTEL (CSC Steel Holdings Bhd)

CSC Steel Holdings Berhad is an investment holding company engaged in manufacturing and marketing steel products primarily in the Asia Pacific and Europe. 
The firm operates through the Cold Rolled and Coated Steel Products; and Investment Holding business segments. It offers its products through the Real Zinc and Real Color brands. The company was founded on January 20, 2004, and is headquartered in Ayer Keroh, Malaysia.

Key Statistics
Market Cap 421.002 M
Dividend Yield 8.77%
PE 7.039

 

Total Shareholder Return
Period Dividend Received Capital Appreciation
Total Shareholder Return
Short Term Return
5 Days -0.01 -0.87%
10 Days -0.06 -5.00%
20 Days -0.18 -13.64%
Medium Term Return
3 Months 0.05 -0.2 -11.19%
6 Months 0.05 -0.26 -15.00%
1 Year 0.1 -0.65 -30.73%
Long Term Return
2 Years 0.24 -0.702 -25.08%
3 Years 0.32 0.209 56.82%
5 Years 0.42 -0.019 34.60%

 

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Weekly USD/JPY Forecast 10-Sep to Sep-14

USD/JPY Forecast 10-Sep to Sep-14 (Fundamental and Technical Analysis)

USD/JYP is unable to hold its gains, as Dollar getting its grab on market. Tariffs remain in the highlight but USD has support from US inflation and retail sales.

USDJPY Fundamental Analysis

 

1. The US Tariffs:

The due date for open remarks on the levies on $200 billion worth of Chinese merchandise finished. While the US didn’t report the usage of these obligations, President Donald Trump as of now touted additionally imposes on an extra $267 billion worth of items. This weighed on business sectors as the week attracted to an end.

2. Brexit Announcement:

Prior, the disposition changed by advancements in Brexit, which went both ways. A report about the UK and Germany dropping their requests was later denied, however, it helped markets and USD/JPY. Another factor was Emerging Markets. Nothing was settled in Argentina and Turkey, however, there were no new unfavorable improvements.

3. Non-Farm Payrolls:

The Non-Farm Payrolls turned out superior to anything expected with 201K occupations picked up. All the more critically, compensation progressed by 0.4% m/m and 2.9% y/y. This fortifies the chances of a fourth-rate climb this year, in December. A September climb was at that point valued in before the occasion.

4. US Inflation:

In the US, the inflation report is released on Thursday and is unlikely to continue climbing. Core CPI reached 2.4% last month. On Friday, retail sales also carry relatively moderate expectations for the August report after a robust July. Japan will publish its final GDP number which is unlikely to move markets.

 

USDJPY Technical Analysis

usd-jpy-forecast-sep-10-14

1. 113.15 is the high point found in July. 112.15 was a swing high from the get-go in the month.

2. 111.80 was a crest in the withering long stretches of August and fills in as obstruction. Close by, 111.50 topped the match heretofore and is another obstruction.

3. 110.60 was a swing low in late July and after that again in late August. 109.70 was a swing low in late August and gives additional help underneath the cycle 110 level.

4. Close by, 109.35 was a pad in mid-July. 108.70 was a pad right off the bat in the late spring and 108.10 a swing low in late May.

5. Lower, we find 107.50 topped the combine toward the beginning of April and is a solid line.

Bursa Malaysia Market Update: This Stock Up 159% In 2 Months

Stock Doubles Investors Wealth in 2 Months

This Stock was in Rocket mode from last two month after hitting a low of .655 in July MYEG BERHAD MALAYSIA Dealing In Information Technology Sector. After hitting a Low of .655 in July, MYEG stock on Friday 7th September 2018 was at 1.70 High up 159% In Just 2 months.

If Someone invested RM 10K 2months would have generated a gain of 16K in 2 Months

Here are The Few Fundamental Reasons Which Drove MYEG Up:

MYEG has Presented a proposal for another module related to remote workers and shows this could be a noteworthy income generator for the organization if it’s offered is effective, the note included.

Additionally called attention to that the organization’s past GST Monitoring (GSTM) framework could even now be utilized to track the accumulation of offers and administration impose (SST) progressively.

The research analyst at MULTI MANAGEMENT AND FUTURE SOLUTIONS anticipates that the new government will settle on regardless of whether to utilize the framework given by MYEG in next couple of months.

Joint Ventures business in the Philippines, as per the sources they told operation achieved the break-even point this Financial year and expectations another revenue source over the years for MYEG

(From left) Kris Uttraphan, Chief Executive Officer and Founder of Stampede, and Managing Director of MYEG, Wong Thean Soon

MYEG set up its 40%-owned Philippine JV, I-Pay Commerce Ventures (IPCV), in March 2017 to provide e-government services. This JV provides e-government services for the police, Labour Department and some cities in the Philippines.

In under two years, the Philippines JV is taking care of around 20,000 exchanges day by day. The research house also expects the joint-venture in the Philippines to expand its territory by launching e-government services in Bangladesh by year-end.

CIMB IB raised MYEG earnings per share (EPS) for the financial year 2018 (FY18) forward, to reflect the 15-month financial year since MYEG had changed its financial year from June to September.

As per the financial Data of MYEG, 12 Months profit of MYEG was in line with expectations of analyst. Multi Management Future Solutions Forecast It at 1.92 in the Short-term.

Get 10 Stocks Picks Which can get 30-40% ROI in Short Duration

 

KLSE News: KLCI DOWN 0.95%, DROPS BELOW 1800 LEVEL

KUALA LUMPUR: The FBM KLCI INDEX down below 1,800 points as foreign selling pressure on top valued blue chips companies still going on, continuing its losing streak for the 5th straight day.

At 17:00 , the 30-stock index closed 17.26 points, or 0.95% lower at 1,796.72. The index opened 7.42 points higher at 1,805.34 this morning.

The total number of decliners were more as compared to advances by the wide margin, with 703 losers to 270 gainers and 362 counters unchanged. Volume stood at to 2.9 billion units, valued at RM2.91bil.

KLCI-component stocks were overwhelmingly in the negative, with 22 of the stocks fell. The KLCI is 5.2% below its 52-week high of 1,896.03 reached on April 20.

Brokers said the performance of local market was in line with its regional peers. They added that the outlook for shares remained volatile as trade war fear continue on investors

Meanwhile, Bank Negara Malaysia has maintained the overnight policy rate at 3.25%. The central bank said the current level of the OPR is consistent with the intended policy stance. The ringgit fall 0.2% to 4.1475 against the US dollar.

On Bursa Malaysia, Stocks down Nestle fell 90 sen to RM146.50, British American Tobacco shed 62 sen to RM32.58 and Petronas Dagangan closed 32 sen to RM26.68.

Among the top counters, CIMB down 23 sen to RM5.87, Axiata fell 17 sen to RM4.48, Maybank declined 12 sen to RM9.87, Genting fell 17 sen to RM8.22 and Petronas Chemicals closed six sen lower at RM9.43.

Elsewhere in the region, Hong Kong stocks post the biggest downfall in 11 weeks on growth amid worries about China’s economy and the trade war. The Hang Seng index fell 2.6% to 27,243.85, while the China Enterprises Index lost 2.3% to 10,645.70 points.
Japan’s Nikkei 225 down 0.51% to 22,581, and China’s CSI300 index fell 2% to 3,298.14.

Top 5 High Dividend Yield Stock Malaysia To Invest in September

High Dividend Stocks Malaysia For Investment

Dividend-paying stocks represent companies that are considered financially stable and mature, the stock prices of these companies may steadily increase over time while shareholders enjoy periodic dividend payments a winning growth for investors. A stock dividend is directly proportional to the profit earned by the company.

The FTSE Bursa Malaysia KLSE incorporate the largest 30 companies listed on the Malaysian Main Market. Investors should eyed to high dividend yielding counters with strong earnings growth expect to ride out the current volatility in the stock market.

Multi Management Future Solutions has formulate the list of Bursa Malaysia (KLSE) stocks which is expected to generate the higher dividend yield with good capital gain in September 2018. The stock list has been analyzed by the Multi Management Future Solutions trade analyst team for the optimum interest of the investors who are looking for best return in 2018 by investing in the KLSE stocks.

Here is the list of Malaysia high dividend Stocks, which provide good dividend yield and gain.

1. ARREIT (Amanahraya Real Estate Investment Trust)

ARREIT is a real estate investment trust, which owns a diverse portfolio of real estate properties and real estate related assets, including education, office properties, hotels and factories. Its primary objective is to derive rental income. The company invests in retail, industrial, hotels, education and office sectors.

Market Capital 490.10 m
Trading Volume 15,600
Dividend (Amount) 0.0193
Opening price 0.0855
Current Price 0.0855
Announcement Date 30 Aug 2018
EX Date- 14-Sep 14 Sep 2018

 

2. JOHOTIN (Johore Tin Berhad)

Johore Tin Berhad (JTB) was incorporated in Malaysia on 22nd November 2000 as a public limited company under the Companies Act, 1965. Johore Tin Bhd is principally engaged in the business of investment holding and the provision of management services. JTB is listed on the Main Market of Bursa Malaysia with an issued and fully paid up capital of more than RM250 million.

JTB is principally an investment holding company, whose subsidiaries are primarily involved in the manufacturing of various tins, cans, other containers and printing of tin plates, as well as manufacturing and selling of milk and related dairy products. Currently, JTB Group comprises of five wholly-owned subsidiaries and one subsidiary with 96% owned shareholdings.

Market Capital 296.50m
Trading Volume 1,372,100
Dividend (Amount) RM 0.005
Opening price 0.95
Current Price 0.955
Announcement Date 30 Aug 2018
EX Date- 14-Sep 14 Sep 2018

 

3. HUPSENG (Hup Seng Industries Berhad)

Hup Seng Industries Bhd is a Malaysia -based investment holding company engaged in the business of manufacturing sells, distributes of  biscuits, confectioneries, and other foodstuffs through its different  subsidiaries.

It’s trading division segment markets and distributes biscuits, confectionery, and other foodstuffs. The company offers special cream crackers, cookies, peanut butter sandwich, cream sandwich biscuits, and many more.

Market Capital 848m
Trading Volume 641,300
Dividend (Amount) RM 0.02
Opening price 1.07
Current Price 1.06
Announcement Date 30 Aug 2018
EX Date- 14-Sep 18 Sep 2018

 

4. RHBBANK (RHB Bank Bhd)

RHB Bank Bhd is a finance service providing group in Malaysia. The group has five main subsidiaries: RHB Bank Berhad, RHB Investment Bank Berhad, RHB Islamic Bank Berhad, RHB Insurance Berhad, and RHB Asset Management Sdn Bhd.

The Company offers commercial and consumer banking, corporate and investment banking, and international banking services. RHB also provides savings accounts, foreign currency accounts, home and travel insurance, and investment planning. The company also provides non-banking products such as general insurance, unit trust management, asset management, and custodian services.

Market Capital 21,654m
Trading Volume 6,870,500
Dividend (Amount) RM 0.075
Opening price 5.3
Current Price 5.4
Announcement Date 30 Aug 2018
EX Date- 14-Sep 18 Sep 2018

 

5. SIMEPLT (Sime Darby Plantation Bhd)

Sime Darby Plantation Bhd. is an integrated plantation company operated from Malaysia and other neighbour segment. It engage in the development of entire span of palm oil value chain, from upstream to downstream activities, research and development, renewables and agribusiness. It also engages in rubber and sugar cane plantations as well as beef cattle industry.

The company operates through the following segments: Upstream Malaysia, Upstream Indonesia, Upstream Papua New Guinea, Upstream Liberia, Downstream and other operations.

   
Market Capital 36,453m
Trading Volume 6,618,200
Dividend (Amount) RM 0.03
Opening price 5.36
Current Price 5.36
Announcement Date 30 Aug 2018
EX Date- 14-Sep 18 Sep 2018

Source: i3investor