Malaysian Stock In Focus This Week 11-15 December 2018

We are just at end of the year 2018, but you can’t be lazy just because you are waiting for the new year to knock in your door with good news. An active trader never loses his grip on market analysis. He doesn’t just wait for opportunities but he seizes it in the right moment and moment can be off days, weeks or months.

Multi-Management Future Solution is here to deliver the latest report on Malaysian Stocks for with the help of our experts on technical analysis for the current week i.e. 11-15 December.

Poh Kong Holdings Bhd
 

KLSE Stock

Here we pick the first stock in our list Poh Kong Holdings Bhd (Code: POHKONG), an investment holding company, manufactures, trades in, and retails jewelry, precious and semiprecious stones, and gold ornaments primarily in Malaysia with market cap 185 million.

According to the Bloomberg data, Poh Kong Holdings Bhd dividend payout ratio for this month is 2.22% and recommended first and final single tier dividend of 1.00 sen per share for the fiscal year ended July 31, 2018, payable on March 08, 2019. Ex-date is February 13, 2019.

Why investors should follow Poh Kong Holdings Bhd?

The PHOKONG unaudited combine its earnings results for the first quarter ended October 31, 2018 dive, 41% year-on-year to RM3.16 million, from RM5.36 million already because of changes in gold costs. For the quarter, the company reported revenue 17% higher at  MYR 258,364,000 against MYR 220,925,000 a year ago. This higher income was due to the expansion achieved after gold gems and gold supposition items and extra income contributed from new outlets in the present quarter under audit.

Sapura Energy Bhd

KLSE Stock

The second stock in the list is the famous oil and gas stock of Malaysia Sapura Energy Bhd’s (Code: SAPNRG) provides integrated oil and gas services and solutions with market cap 2.06 Million. The Company offers engineering, fabrication, construction, installation, hook up, commissioning, drilling, exploration, and production of oil and gas fields.

Sapura Energy Bhd is the most active stock of KLSE index from November and its price must be right and it would need to open up to new markets, Quarterly revenue grew 17.4% to RM1.5 billion from RM1.28 billion previously, the group said in a filing with Bursa Malaysia.

Why investors should follow Sapura Energy Bhd?

In the interim, Sapura Energy and its associates have won an RM3 billion contract from Oil and Natural Gas Corp Ltd (ONGC) in India. Sapura Energy said the new contract win improves the gathering’s quality in the developing business sector.

Sapura Energy shares were up 2 sen or 6% at 35.5 sen, for a market capitalization of RM2.13 billion. The total deficit limited to RM31.09 million in the second from last quarter finished Oct 31 from RM274.41 million per year back, in accordance with a higher income, which rose 17.36% to RM1.50 billion from RM1.28 billion every year prior.

Petroleum Nasional Bhd
 

KLSE Stock

Last but not the least Petroleum Nasional Bhd, also known as Petronas (PETGAS) operates as an integrated oil and gas company in Malaysia and internationally with the market cap 37.794 Million. The BHD markets petroleum products and operates service stations domestically. Through its subsidiaries, the Company has operations in aviation fueling at Kuala Lumpur International Airport and bunkering facilities at West Port along with marketing and distributing lubricants.

The Petronas is the potential performer as KLSE gainer stock from last few months in this year. The interim dividend of 16 sen per ordinary share for the quarter ended September 30, 2018. Payment date is December 26, 2018. EX-date is December 10, 2018. Entitlement date is December 12, 2018.

Why investors should follow Sapura Energy Bhd?

Petronas (PETGAS) have just put US$500m in a pilot organizd in the La Amarga Chica territory. The main well of the pilot stage was drilled in 2015 and generation achieved 9,800 bbl/d. With the new joint endeavor, generation is required to achieve 20,000 bbl/d in 2019 and 60,000 bbl/d by 2022. The venture could reach US$7bn inside 20 years with an intent to drive generation up to 75,000 bbl/d.

Don’t stay behind the current KLSE market, stay one step ahead with Multi Management Future. For current stock picks, expert advice and news contact us now!

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.

 

EUR/USD Facing First Selling of 2018

Forex Trading Alerts:

The US, UK Inflation to Set the Tone for FX Markets Next Week.

EUR/USD Technical Analysis: Euro Top Maybe in Place versus the US Dollar.

The Euro has been a cargo prepare for a great part of the time since a year ago’s open, continually chugging-higher even in light of bearish drivers. Since setting a 14-year low on simply the second exchanging day of a year ago, bulls assumed control and have to a great extent been in-charge from that point onward. This happened while the European Central Bank was apparently talking the money bring down all through 2017, consistently saying that they weren’t exactly prepared to start plotting for the finish of QE. By and by, business sectors kept on expecting some unavoidable get off of uber-free financial strategy, and in January we, at last, heard some acknowledgment from the ECB on the issue.

EUR/USD Trading Alerts:
However, in a peculiar bit of occasions, that notice, which ought to be a Euro-positive given the potential for more grounded rates in the economy, may really be carrying some shortcoming into the single money. We still can’t seem to test the highs that came in on the morning of ECB, and from that point forward we’ve seen a work of lower-highs combined with new lower-lows; giving the value activity appearance of a more profound short-side move. The relationship here would be one of the worldwide ramifications, where the European Central Bank beginning to pull back on jolt makes a touch of dread in hazard showcases around the globe as we have another real Central Bank moving towards more tightly approach. This has brought higher yields in US Treasuries, and those higher yields are making fears around lifted valuations in the value space. The ECB would join the Fed in their way of fixing strategy, leaving just the Bank of Japan among the real Central Banks currently pushing QE into worldwide markets without some kind of decrease or slow down arranged. Source

Gold Prices Echo US Dollar Weakness

Gold Trading Signals:

Gold costs ascend as the US Dollar neglects to gain by center swelling pickup

Crude Oil Cost discover quality in expansive based change in chance hunger

Gold costs pushed higher as the US Dollar neglected to gain by even as CPI information demonstrated center expansion out of the blue quickened in December. The result floated Treasury yields while the Fed rate climb viewpoint soaks yet the greenback’s current failure to discover quality in fixing wagers proceeded, with the counter fiat yellow metal getting a charge out of help by expansion.

In the interim, cycle-touchy raw petroleum costs progressed in the midst of an expansive change in advertise wide hazard hunger. In reality, the WTI benchmark telling followed the S&P 500 upward. US retail deals figures may have represented the jaunty inclination. While December’s figures printed extensively not surprisingly, solid upward amendments of November’s information made for a blushing picture. For sure, purchaser optional offers drove the way higher.

GOLD TECHNICAL ANALYSIS – Gold costs are trying protection at 1342.49, the 38.2% Fibonacci development, with a break over that uncovering 1353.03 (drift line from July 2016, half level). On the other hand, an inversion back beneath the 23.6% Fib at 1329.45 makes ready for a retest of the January 10 low at 1308.38.

Figures may have accounted for the chipper mood. While December’s figures printed broadly as expected, strong upward revisions of November’s data made for a rosy picture. Indeed, consumer-discretionary shares led the way higher.

Gold Price Chart Hints at Topping as Crude Oil Eyes API, EIA Reports

Gold Trading Alerts:

Gold prices may continue to tread water until Friday’s top-tier US reports
Crude oil prices eyeing supply chain dynamics in API data, EIA forecasts
What do retail traders’ bets suggest about gold price trends? Find out here
Marquee commodities did not find sufficient inspiration for trend development on the first day of the trading week. Gold prices marked time, unmoved by the day’s offering of Fed-speak and seemingly waiting for Friday’s US inflation and retail sales data before committing one way or another. Crude oil prices edged up a bit but ultimately failed to sustain momentum as traders await API inventory flow data and monthly EIA report on short-term supply and demand trends.

Official figures from the US Department of Energy due Wednesday are expected to show raw-material storage shed 3.4 million barrels last week while gasoline stocks added 2.9 million. That will offer a benchmark for the API release. Supply chain dynamics have been more market-moving than individual readings lately. A small draw at the top relative to a big build at the bottom may hurt prices, for example.

GOLD PRICE CHART HINTS 1

GOLD TECHNICAL ANALYSIS – Gold prices continue to hover below four-month highs established last week, with negative RSI divergence hinting that a pullback may be brewing. A daily close below the 50% Fibonacci expansion at 1312.90 puts the 38.2% level at 1294.91 back in the crosshairs. Alternatively, a return to the offensive that takes prices above of the 61.8% Fibat 1330.89 exposes the 1353.15-57.50 area (76.4% Fib, September 8 high).

CRUDE OIL TECHNICAL ANALYSIS – Crude oil prices are struggling to build higher after rising to a 2.5-year high, with negative RSI divergence now warning a turn lower may be ahead. A drop back below the 23.6% Fibonacci expansion at 59.83 exposes the 14.6% expansion at 58.30 anew. Alternatively, a daily close above the 38.2% Fib at 62.31 targets the 50% expansion at 64.32.
Source

Bursa Saham Malaysia- KLCI organizes sharp pullback on first trading day of 2018

KUALA LUMPUR: Blue chips arranged a sharp pullback on Tuesday (Bursa Saham Malaysia), the primary exchanging day of 2018, as brokers rushed to take benefit after the late surge last Friday.

At 9.10am (Bursa Saham Malaysia),

the KLCI was down 17.40 focuses to 1,779.41. Turnover was 177 million offers esteemed at RM95.79mil. There were 160 gainers, 148 washouts and 196 counters unaltered.

The euro remained inside striking separation of its 2017 crest on a feeble US dollar on Tuesday (Share Trading Tips), while Asian stocks started the new year near their most elevated in 10 years, Reuters announced.

Assessment was helped by news that North Korea had offered an olive branch to South Korea, with Kim Jong Un saying he was “available to exchange” with Seoul.

However movement was inadequate (Financial Advisory Services), with Japan on vacation and numerous financial specialists on an expanded break. MSCI’s broadest record of Asia-Pacific offers outside Japan was a portion firmer subsequent to ascending by 33% in esteem a year ago to statures last went to in 2007, Reuters included.

In the interim,

Maybank Investment Bank Research said the benchmark record finished the year at 1,796.81, only a smidgen underneath its end-2017 KLCI (Hot Stocks) focus of 1,800.

“So, there is a high plausibility that the benchmark may organize a pullback in the early piece of 2018 as benefit taking surfaces,” it said.

Settle fell the most, down RM2.10 to RM101.10 while BAT lost RM1.70 to RM38.30.

SP Setia lost 57 sen to RM3.43 (Penny Stocks), Sime Plantations 49 sen to RM5.51 and Sime Property 30 sen to RM1.48. Digi and Naim fell 20 sen each to RM4.90 and RM1.22.

Sapura Energy

kept on hitting record lows, down 2.5 sen to 68.5 sen with 8.69 million offers done.

Refiners Hengyuan and Petron were the best gainers, Hengyuan rose 98 sen to RM17.28 and Petron up 56 sen to RM14.10.

Be that as it may, financial specialists ought to know about the unpredictable offer costs (Share Market Recommendations) , where they surged last early Friday and developed as among the best washouts by the day’s end.

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

Penny Stocks- KLCI opens higher, oil withdraws following overnight value spike

KUALA LUMPUR: The nearby benchmark record opened higher on Wednsday (Penny Stocks), rising 1.31 indicates in early exchange 1,761.30 focuses. Turnover was 132.33 million offers with an estimation of RM61.5mil. There were 165 gainers to 79 decliners and 185 counters unaltered.

Most Asian markets opened higher regardless of a plunge in Wall Street overnight as Apple and its parts providers debilitated on reports of delicate iPhone X request, driving tech shares lower.

On the neighborhood bourse (Penny Stocks),

Petronas Gas added 10 sen to RM17.10, Genting rose five sen to RM9.05 and Genting Malaysia increased three sen to RM5.58.

Stocks that slipped included IHH Healthcare, dropping four sen to RM5.79, Petronas Chemicals falling two sen to RM7.58 and PPB Group, slipping two sen to RM17.56.

On the more extensive market, advancers included Sapura Energy (Bursa Saham Malaysia), which rose one sen to 72.5 sen and DNex, which moved higher by 0.5 sen to 49.5 sen.

Hibiscus is in the spotlight today

on news that it is drawing nearer to finishing the North Sabah Enhanced Oil Recovery generation sharing contract. The counter increased two sen to 87 sen.

Among loafers, Amway slipped seven sen to RM7.30 (Equity Tips), F&N slipped four sen to RM26.66 and Hartalega fell four sen to RM10.80.

In wares, oil markets withdrew subsequent to surging to 2.5-year highs in the past session, which saw US unrefined touching US$60 a barrel following a blast at a Libyan rough pipeline.

On Wednesday, US light rough plunged 26 pennies to US$56.71 a barrel (Hot Stocks) while Brent unrefined dropped 37 pennies to US$66.65 a barrel.

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

Bursa Saham Malaysia- Genting, Public Bank slip early Tuesday, Perdana falls, ringgit up

KUALA LUMPUR: Mild benefit taking proceeded with early Tuesday on late gainers like Genting Bhd what’s more (Bursa Saham Malaysia), Public Bank however Perdana Petroleum tumbled for the second day when it continued exchanging.

At 9.20am (Bursa Saham Malaysia),

the KLCI was down 8.31 focuses or 0.47% to 1,743.33. Turnover was 293.34 million offers esteemed at RM123.35mil. There were 167 gainers, 162 failures and 255 counters unaltered.

The ringgit edged up 0.12% against the US dollar to 4.075 from the past close of 4.08.

Asian stocks

progressed on Tuesday after a record-setting session on Wall Street on wagers that US legislators would pass a noteworthy assessment update (Penny Stocks), while the US dollar hang as dealers were less energetic about the bill’s monetary effect, Reuters detailed.

MSCI’s broadest record of Asia-Pacific offers outside Japan rose 0.2%. Australian offers included 0.4%, South Korea’s Kospi climbed 0.6% and Japan’s Nikkei increased 0.2%.

Kenanga Investment Bank Research said from an outlining point of view. It trusts that the KLCI (Equity Tips) had bottomed out from a three-month descending pattern . It is certain this could be the begin of a bullish pattern.

“Key pointers are generally demonstrating a bullish union. We considered the descending development in the course of the last two exchanging days as a brief delay from a potential upward pattern,” it said.

The examination house anticipates that this transitory interruption will proceed in the close term (Hot Stocks) with the file running between 1,750 (S1) and 1,765 (R1). Before a breakout from R1 that will push it towards 1,800 (R2).

Any break underneath the S1 bolster level is esteemed as very negative and could cause a capitulation towards 1,729 (S2).

Perdana Petroleum

fell 20 sen to 46 sen in rising volume with 7.49 million offers in the wake of hitting limit-down on Monday.

Genting Bhd lost nine sen to RM8.99 while Maxis and Public Bank were down six sen each to RM5.88 and RM20.64 and Axiata five sen bring down at RM5.30.

Sarawak Oil Palm, UMW and MPI each fell eight sen to RM3.92, RM5.02 and RM12.22 separately.

Refiner Henyuan was the best gainer (Share Trading Tips), up 56 sen to RM14.44. Its call warrants additionally surged in early exchange.

Petronas Dagangan added 24 sen to RM24.66.

Glove creators climbed, drove by Hartalega, up 24 sen to RM10.28 and Top Glove nine sen to RM7.03.

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

Share Trading Tips- KLCI slips further, tech stocks weigh on Asia

KUALA LUMPUR: The nearby bourse dunked into the red at early afternoon in the midst of blended territorial markets as tech counters took fall on the US Nasdaq (Share Trading Tips), prompting milder exhibitions in their Asian partners.

Chinese stocks, be that as it may, ascended on Tuesday morning after a private overview demonstrated development in China’s administrations segment movement grabbed to a three-month high in November, Reuter revealed.

At 12.30pm, the FBM KLCI (Share Trading Tips) was 0.28 focuses bring down at 1,712.85 focuses. Turnover was 911.82 million offers with an estimation of RM921.88mil. Decliners outpaced advancers at a 3:1 proportion at 465 to 156, and 486 counters were unaltered.

Genting Malaysia was a main gainer on the file, rising 13 sen to RM5.13. Different advancers included Maxis, increasing five sen to RM5.88, and IHH Healthcare, adding three sen to RM5.64.

Petronas Gas put on 26 sen to RM16.20 (Hot Stocks), while Petronas Dagangan rose 18 sen to RM24.58 and Petronas Chemicals dropped 10 sen to RM7.42.

In the interim Hong Leong Financial Group rose 18 sen to RM16.58 and Hong Leong Bank added two sen to RM15.32.

Among decliners, Genting dropped four sen to RM8.91, MISC slipped two sen to RM7.07 and Tenaga Nasional lost two sen to RM15.56.

Westports Holdings lost 12 sen to RM3.46 while YTL COrp dropped three sen to RM1.13.

Sime Darby Plantations kept on losing ground (Equity Tips), slipping 14 sen to RM4.71 for the third sequential day since its presentation. Sime Darby Property took action accordingly, losing eight sen to RM1.04.

On the more extensive market, Gas Malaysia was another vitality counter to put on picks up on Tuesday, rising seven sen to RM2.78.

SWS Capital increased five sen to RM1.27 while Ireka added five sen to 65 sen.

In the interim (Share Market Recommendations), Allianz shaved off 28 sen to RM13.02, KOssan lost 20 sen to RM7.55 and Magni-Tech Industries declined 19 sen to RM5.99

In products, oil costs climbed somewhat on desires of lower US unrefined reserves and fixing supply following a week ago’s arrangement amongst Opec and other rough makers.

US light unrefined rose 11 pennies to US$57.58 a barrel and Brent increased seven pennies to US$62.52 a barrel.

In monetary forms, the ringgit ascended against significant monetary standards. It exchanged 0.25% higher against the greenback at 4.0530 (Financial Advisory Services), 0.02% against the pound sterling at 5.4592 and 0.06% against the Singapore dollar at 3.0111.

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

Daily Stock Picks- PetDag, Genting, Public Bank slip early Friday

KUALA LUMPUR: Losses by Petronas Dagangan, Genting Bhd, Public Bank pushed the FBM KLCI (Daily Stock Picks) into the red early Friday, following the weaker key Asian markets following the overnight decrease on Wall Street.

At 9.08am (Daily Stock Picks),

the KLCI was down 3.25 focuses or 0.19% to 1,743.56. Turnover was 206.97 million offers esteemed at RM68.83mil. There were 123 gainers, 118 failures and 229 counters unaltered.

Asian offers slipped on Friday on vulnerability about US impose changes after Senate Republicans divulged an arrangement that varied from the House of Representatives’ rendition in a few key ranges (Financial Advisory Services), incorporating a deferral in the planning of a corporate tax reduction, Reuters detailed.

MSCI’s broadest record of Asia-Pacific offers outside Japan fell 0.1% while Japan’s Nikkei lost 1%.

MSCI’s all-nation

value record posted its first day by day misfortune in over two weeks on Thursday, finishing its longest day by day winning streak since 2003.

Kenanga Investment Bank Research said the KLCI’s (Equity Tips) pick up on Thursday could set the record to retest the significant protection level of 1,750 (R1), where an unequivocal breakout could flag a re-rating of the general specialized picture from bearish to bullish.

Be that as it may, with the MACD staying in a negative area and descending pattern, there are yet to be any indications of an important recuperation in the close term.

“With no noteworthy change in the diagram design, the specialized standpoint is one-sided to the drawback with help levels situated at 1,733 (S1) and 1,727 (S2). In the mean time, the protection levels are 1,750 (R1) and 1,765 (R2),” it said.

Petronas Dagangan

fell the most, down 26 sen to RM21.18, Genting Bhd 11 sen to RM9.37, MISC 10 sen bring down at RM7.35 and Public Bank six sen lower to RM20.40. Petronas Gas added 14 sen to RM17.84 with only 100 offers done.

Lafarge broadened its decrease, down 12 sen to RM6.63 while estates PPB Group and KL (Hot Stocks) Kepong lost 10 sen each to RM16.60 and RM24.68.

It was additionally time to forget about some cash for Hengyuan, which fell seven sen to RM9.81.

MUI Industries rose 1.5 sen to 26 sen with 22.34 million offers done. StarBiz detailed a neighborhood party is comprehended to be occupied with assuming control Tan Sri Khoo Kay Peng’s stake in the benefit rich organization.

More grounded income saw HL Industries surging 38 sen to RM10.18.

Concerning customer stocks,

Ajinomoto picked up 22 sen to RM18.98, BAT added eight sen to RM39.50 and F&N propelled six sen to RM25.50.

KESM rose 16 sen to RM18.80 (Share Market Recommendations), RCE Capital eight sen to RM1.67 and SP Setia six sen to RM3.36. RHB Bank increased six sen to RM4.96.

Latest Hot Stock For Malaysian Traders/Investors 
1. KEYASIC

2. MUIIND

3. HUBLINE

4. ASB

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